The AGIX Token: Enabling anyone to participate in the future of AI
SingularityNET’s AGIX utility and governance token provides an opportunity for anyone to shape and be rewarded by the growing AI landscape.
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Greetings Singularitarians,
As AI continues to increasingly affect our lives and our unfolding future, we are frequently blind to all the ways that we, as a society, culture, and species, can affect the development and future of AI. While we increasingly use and depend on AI in our lives, from voice assistance to ChatGPT, for driving directions to core aspects of our professions — we are still treated solely as consumers of products built by big tech.
At SingularityNET, we are founded on a different ethos — AI will have an immense impact on all of our lives, and therefore, developers, users, researchers, and creators should act as partners, fundamental units who are collaboratively creating a shared future. We should all participate in the hard decisions that keep AI ethical, unbiased, beneficial, and accessible by all, and we should all share in the benefits of the AI economy.
The AGIX token was created to fulfill these functions, to be the backbone of decentralized AI, enabling a flourishing ecosystem of AI development and utilization — unlocking advanced AI as a resource that is owned by everyone and no one.
What is the AGIX token?
AGIX is the native token of the SingularityNET platform, and it functions as both a utility and governance token. AGIX tokens are used to facilitate transactions within the SingularityNET ecosystem, including payments for AI services, recognition for network participants, and governance of the platform’s development and features.
AGIX can be staked to provide AI-transaction liquidity; used to vote on initiatives and Platform growth; and exchange on the SingularityNET Platform/Marketplace.
AGIX also guides the development of the next generation of AI projects — token holders vote on AI projects interested in building on the Platform through SingularityNET’s community-voted grant program for developers of AI projects called Deep Funding.
The AGIX token serves as the cornerstone of the SingularityNET platform, empowering holders to not just participate in the future of AI but also shape its trajectory. Holding AGIX is akin to possessing a tangible piece of this technological transformation, a token of ownership in a world where AI is poised to revolutionize industries and redefine human interactions.
Let’s take a deeper dive into some of these features of the token.
Utility
Own a medium of AI transactions.
The AGIX token seamlessly facilitates transactions within the SingularityNET marketplace, enabling transparent global access to a vast array of AI services.
Beyond its transactional role, AGIX will, in the future, act as the medium for autonomous AI interactions, allowing AI agents to communicate and exchange valuable information without human intervention. This paves the way for AI that can self-assemble to solve more advanced workflows and, eventually, a future where AI systems can collaborate and evolve independently, driving innovation at an unprecedented pace.
Governance
Help shape the future of AI by voting via AGIX.
AGIX holders hold the power to shape the future of SingularityNET and decentralized AI through their active participation in governance initiatives.
By voting on proposed Platform upgrades, initiatives, and developments, token holders influence the direction of the Platform, ensuring it remains aligned with the needs and aspirations of the community. You are more than a source of data and a user of AI — you are a unique individual with unique needs that AI can address, and participating in AI governance ensures your voice is counted in our shared AI future.
The decentralized governance model empowers AGIX holders to be an integral component of project and Platform development, bringing the benefits of the growing network of AI technologies to all.
Staking
Get rewards for providing AI utilization liquidity.
AGIX holders can actively contribute to the stability and security of the SingularityNET network, enabling decentralized AI to be utilized on a massive scale by participating in staking on both Ethereum and Cardano.
By staking AGIX tokens for a given period, community members can receive additional AGIX tokens — a recognition of their commitment to the platform’s growth, and their contribution to the future of AI.
Multi-Chain Flexibility
Help move the world toward a decentralized future.
AGIX is not bound by a single blockchain, but rather operates seamlessly across multiple chains, including Cardano and Ethereum, and growing. This multi-chain architecture ensures that AGIX remains accessible and interoperable, enabling holders to leverage the strengths of each blockchain network.
Through cross-chain interoperability, SingularityNET is enabling the highest possible level of decentralization and access to AI technologies, fostering a truly global and inclusive AI ecosystem.
Ecosystem Airdrops
Build with us as we share a vision for the future.
SingularityNET is not only building the central backbone and operating layer of decentralized AI, the project is also seeding an Ecosystem of beneficial decentralized AI projects. In a testament to its commitment to sharing the benefits of the SingularityNET ecosystem, tokens from newly launched spin-off projects are allocated to AGIX holders. These rewards recognize token holders for their support and enable them to participate in the development of innovative AI projects.
This token distribution mechanism fosters a sense of shared ownership and aligns AGIX holders’ interests with the growth of the SingularityNET ecosystem.
The Deep Funding Program
Get funded with AGIX to develop the next generation of AI tools.
The Deep Funding Program is an opportunity for AI developers to bring their innovative ideas to life and contribute to the development of a decentralized AI ecosystem.
By leveraging the power of AGIX, the SingularityNET platform’s native token, community members can vote on proposals or projects inside Deep Funding rounds.
Through Deep Funding, developers can secure financial support to develop their AI services further, ensuring their viability and market potential. This funding fuels innovation and empowers developers to retain intellectual property ownership, fostering a truly decentralized and equitable AI landscape.
The Deep Funding Program also provides developers with invaluable access to the SingularityNET community, a network of experts, advisors, and enthusiasts who can provide guidance, feedback, and support throughout the development process. This collaborative environment fosters knowledge sharing, accelerates innovation, and ensures that AI solutions are grounded in real-world needs and challenges.
Own a Stake in the Future of AI with the AGIX Token
AGIX is not just a blockchain token; it’s a stake in the future of AI. It’s a symbol of the transformative power of technology and the potential it holds to shape our world.
By embracing AGIX, you become an active participant in this revolutionary journey, benefiting from the growing decentralized AI landscape while shaping the future of AI and contributing to a world where the boundless capabilities of intelligent machines amplify human potential.
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About SingularityNET
SingularityNET is a decentralized Platform and Marketplace for Artificial Intelligence (AI) services founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive, and beneficial Artificial General Intelligence (AGI).
- Our Platform, where anyone can develop, share, and monetize AI algorithms, models, and data.
- OpenCog Hyperon, our premier neural-symbolic AGI Framework, will be a core service for the next wave of AI innovation.
- Our Ecosystem, developing advanced AI solutions across market verticals to revolutionize industries.
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