Convert SingularityNET AGIX to BigONE Token ONE

SingularityNET is a decentralized marketplace for Artificial Intelligence (AI). The business value of AI is becoming clearer each day; however, there’s a significant gap between the people developing AI tools (researchers and academics) and the businesses that want to use them. Most organizations need a more customized solution than what a single AI project can offer, and research projects oftentimes have trouble accessing a large enough data set to build effective machine learning. SingularityNET closes these gaps. The long-term vision of the SingulairtyNET team is to build a network of complex AI Agent interactions primarily using resources from the OpenCog Foundation. To look at this further, let’s check out their in-house built humanoid robot, Sophia. Sophia uses a combination of AI Agents that range from natural language processing to physical motor controls to operate. You tell Sophia to summarize a video that’s embedded in a webpage. To do this, Sophia sends a request to Agent A. Through its AI, Agent A knows that Agent B specializes in analyzing and transcribing video while Agent C specializes in summarizing text. Agent A pays Agent B and Agent C to perform these tasks while Sophia pays Agent A to coordinate. All the while, each Agent has updated their own AI with the network information gained from these tasks and combines it with their previous experiences and knowledge. Therefore, the collective AI of the system grows at a faster rate than any individual Agent. SingularityNET wants to build a decentralized protocol for creators and users of AI to interact with each other, to not only help individual projects benefit by leveraging the strengths of other AI systems that might handle certain tasks better, but ultimately to develop SingularityNET into a functioning AI system itself, with nodes on the network making their own decisions about how to connect services and proactively provide solutions to academic and business problems. Tokenizing the network creates an AI marketplace where AI developers and sellers can not only link with others who might assist in building more robust AI solutions, but also allow AI services and products to be bought and sold, creating revenue and establishing price points where none have existed before. The SingularityNET team boasts 50+ AI developers and 10+ PhDs. Dr. Ben Goertzel leads the group as CEO and Chief Scientist. He’s also the Chairman of the OpenCog Foundation and the Artificial General Intelligence Society, as well as the Chief Scientist at Hanson Robotics, the partner company helping bring SingularityNET to life. Dr. David Hanson, founder of Hanson Robotics, serves as the Robotics Lead. Most famously, Hanson Robotics built Sophia, the most expressive humanoid robot to date. Sophia is also a proud member of the SingularityNET team. The team recently released the alpha version of the platform and is planning on launching a public beta sometime in the middle of 2018.

“ONE” is BigONE’s new platform token, issued at total number of 20 billion, and will be locked until mined, and gradually released through an innovative “Trade-Mining” Mechanism. ONE holders will receive 100 percent of trading fee on BigONE’s platform. ONE is divided into two parts: Community-owned 51% of all ONEs belong to community. The total amount is 10.2 billion. Once mined/released, these ONE tokens can circulate on BigONE. BIG token holders owned 49% of all ONEs belong to existing BIG token holders. Total amount of this part is 9.8 billion ONEs, and will be released at the same rate as the community-owned part in proportion. These ONEs will be airdropped to all BIG token holders every day. However, these ONEs airdropped to BIG holders will be frozen till June 21st, 2022 UTC+8, and cannot be circulated on the BigONE trading platform or other platforms during this period. Trade cryptos in the “Trade-Mining” section, and get your trading fee rebated in ONEs of the equivalent value. Refer new users to complete registration, pass identity verification (KYC) on BigONE, and start trading in the “Trade-Mining” section. As incentive, you will receive 20% of your referred new user’s trading fee rebate in the form of ONEs. BIG tokens stored on BigONE platform will automatically be airdropped ONEs. Hold ONEs, Share All Platform Trading Fee Everyday at 00:00 UTC+8, BigONE will take a snapshot according to the current ONE balance on the platform. All trading fee occurred on the platform during the past 24 hours will be airdropped to all ONE holders in the form of a number of crypto assets received by the platform. Allocation formula = number of ONE held / total number of ONE released All ONEs are locked until mined, and will be gradually mined through “Trade-Mining” or “Referral-Mining” or “Airdrop to BIG token holders” until 20 billion ONEs are all mined. 【Trade-Mining】 Trade-Mining can only be achieved by trading crypto assets in the “Trade-Mining” section. Every midnight (or 00:00 UTC+8), the platform will calculate all trading fees occurred in the “Trade-mining” section during the last 24 hours (from the previous 00:00 AM to 24:00 PM UTC+8) and unlock equivalent worth of ONEs using the average price of ONE on the same day. On the following day’s 10:00 UTC+8, the trading platform will rebate these unlocked ONEs to users / miners who traded in the “Trade-mining” section in the previous day. 【Referral-Mining】 Referral-mining is the incentive mechanism for the platform’s existing users to invite new users to sign up BigONE. Every midnight (or 00:00 UTC+8), the trading platform will calculate the total trading fee from your referred new users’ tradings on the previous day (from 00:00 AM to 24:00 PM UTC+8) to the equivalent value of ONEs. BigONE will rebate 20% of your referred new user’s trading fee to you in ONE tokens. Such incentive will be given to you on the same day at 10:00 AM UTC+8. Note: The ONEs that are referral-mined are released in addition to the regular trade-mined portion, thus BIG token holders will also receive their equivalent proportion of referral-mined ONEs airdropped. 【Airdrop ONEs to BIG Token Holders】 Every midnight (24:00 PM UTC+8) the platform will take a snapshot of the balance of BIG tokens, and airdrop mined ONEs to BIG holders’ according to the formula: [Previous day’s number of unlocked ONEs in the Community-owned part] / 51 x 49]. However, these ONEs given to BIG holders will be frozen until June 21st, 2022, and cannot be circulated on trading platform during this period, but the platform rebates continue to apply. 【Friendly Tips】 As soon as the new “Trade-mining” rule applies and 100% of BigONE's revenue (trading fee) is rebated to ONE holders gradually, the previous BIG buy back scheme will be terminated, because BIG holders will get airdropped ONEs and receive related rebate and incentives. ONE is a platform token of BigONE and is not traded on other platforms. Please be reminded that crypto assets could be highly volatile with high risks. Any investment decisions should be made with caution.