Price
$0.24
12/3/2022, 4:04:20 PM
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SingularityDAO can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$13.4M

Volume (24h)

$2.8M

Circulating supply

56.7M SDAO

All time high

$6.61

Price change (1h)

+0.04%

Price change (24h)

+0.78%

Price change (7d)

-6.02%

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SingularityDAO is on the decline this week.

The price of SingularityDAO has fallen by 6.02% in the past 7 days. The price increased by 0.78% in the last 24 hours. In just the past hour, the price grew by 0.04%. The current price is $0.24 per SDAO. SingularityDAO is 96.43% below the all time high of $6.61.

The current circulating supply is 56,719,692 SDAO.

About

SingularityDAO (SDAO)

What Is SingularityDAO (SDAO)?

Singularity DAO is a Defi protocol created to task with governing DynaSets. DynaSets are a varied basket of cryptocurrency assets managed by artificial intelligence and curated by protocol. SingularityDAO seeks to be a one-stop shop for everything in DeFi. SingularityDAO brings risk-management strategies of AI-managed funds to DeFI through SingularityNET’s superior AI technology. SingularityNET is a decentralized marketplace that utilizes blockchain to connect AIs in all specialties to create a synergetic AI team. Singularity, DAO implements these principles of synergetic AI and democratic governance to crypto trading.

SingularityDAO uses AI to manage portfolios and execute efficient asset allocations and market-making functions to offer liquidity for high-quality tokens on DEXs. Also, the investment model of SingularityDAO brings the power of DeFI to early-stage cryptocurrencies in which increased liquidity can unlock significant value. As per the governance whitepaper, SingularityDAO is governed as a decentralized autonomous organization (DAO) by the governance token SDAO. SDAO is an ERC-20 utility token that operates on the Ethereum blockchain. SDAO offers rights to participate in DAO governance voting events on the SingularityDAO protocol. 

Users can participate in Singularity DAO by holding tokens or having an SDAO token holder delegate voting power. Delegates do not own SDAO tokens; they temporarily have their voting power. The voting function can be delegated to any wallet on the Ethereum blockchain, whether or not the wallet has an SDAO token. 

As per the platform whitepaper, the DynaSet is a basic financial element managed by SingularityDAO. Users hold DynaSet shares in a noncustodial fashion, while Dynamic Asset Manager (DAM) manages the ratio of assets held by the DynaSet through trustless smart contracts. DAM could be a human, an automated system, or both. Noncustodial refers to a type of wallet wherein users own their private key and have full control over the funds.

DynaSet can also be staked or used to provide liquidity to farm governance tokens used to participate in the governance of SingularityDAO. Also, DynaSet holders can withdraw their funds at any time. However, there is a cooldown period under which the user can only withdraw 33% of the total funds to prevent sudden withdrawals from throwing the basket out of balance. This cool-down period gives the manager time to balance the assets by executing transactions on UniSwap.

History of SingularityDAO (SDAO)

SingularityDAO platform and its governance whitepapers were both released on April 28, 2021. Marcello Mari is the CEO and cofounder of SingularityDAO. He has been a TEDx speaker twice and is often invited to speak at the world’s leading tech conferences. Ben Goertzel is CEO and cofounder of SingularityNET.

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FAQ

What is the current price of SingularityDAO?

The price of 1 SingularityDAO currently costs $0.24.

What is the market cap of SingularityDAO?

The current market cap of SingularityDAO is $13.38M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SingularityDAO?

The all-time high of SingularityDAO is $6.61. This all-time high is highest price paid for SingularityDAO since it was launched.

What is the 24 hour trading volume of SingularityDAO?

Over the last 24 hours, the trading volume of SingularityDAO is $2.76M.

What other assets are similar to SingularityDAO?

Assets that have a similar market cap to SingularityDAO include Wabi, Hoo Token, ZIMBOCASH, and many others. To see a full list, see our comparable market cap assets.

How many SingularityDAO are there?

The current circulating supply of SingularityDAO is 57 million.