In the upcoming sections, you’ll familiarize yourself with SingularityNet and its native AGIX crypto token. We’ll start with the project’s basics, a brief history, an overview of the team, and an exploration of SingularityNet’s technology and ecosystem. We’ll also answer the question, “What is AGIX crypto?” As such, we’ll provide insights into the token’s use cases and purpose.
Building on our understanding of SingularityNET and AGIX, we’ll further explore the $AGIX asset, examining its tokenomics and price action to assist you in evaluating its investment potential. Moreover, we’ll do so using Moralis Money. Additionally, we’ll guide potential buyers on where to find the right market to buy AGIX crypto.
What is SingularityNET (AGIX)?
SingularityNET is an innovative decentralized platform designed to facilitate the interaction and collaboration of artificial intelligence (AI) agents. Functioning as a decentralized, self-organizing cooperative, SingularityNET distinguishes itself from conventional organizations through its openness and autonomous nature.
At the heart of the platform is the concept of establishing a marketplace for AI services. Here, users, both individuals and entities, can effortlessly generate, deploy, and engage in transactions with AI agents. The platform utilizes smart contracts, accessible to both AI and non-AI agents, facilitating diverse interactions and economic transactions. Additionally, users have the option to utilize the AGIX crypto token to access services on SingularityNET. The platform has aspirations to implement a democratic governance system, potentially affording token holders the ability to participate in voting processes.
Governed by the non-profit SingularityNET Foundation, the platform aspires to foster intelligent systems, maximize positive impacts, and propel humanity toward a positive technological singularity. Through the collaborative efforts of developers, organizations, and a growing community, SingularityNET aims to achieve the following goals:
- Accelerate the evolution of a global supermind
- Advance AI capabilities
- Contribute to the broader field of artificial general intelligence (AGI)
History
Founded in late 2017, SingularityNET emerged as a transformative force in the realm of artificial intelligence (AI). The project was a brainchild of key groups such as the OpenCog Foundation, Hanson Robotics, Vulpem, and Novamente LLC. These groups wanted SingularityNET to create a decentralized and self-organizing cooperative for AI collaboration.
The collaborative effort of these founding groups brought together expertise from open-source AI platforms, humanoid robotics, blockchain engineering, and AI consultancy. This laid the groundwork for SingularityNET’s global brain network.
Since its inception, the platform has achieved significant milestones. The formation of the SingularityNET Foundation marked a crucial step, with its incorporation in the Netherlands to oversee the growth and supervision of the platform.
The journey involved the development of sophisticated initial AI agents, fostering a community of AI developers, and cultivating an ecosystem of users. The platform’s evolution saw the release of a beta version in February 2019. The latter featured a well-designed software architecture that enables decentralized AI services.
As SingularityNET continues to push the boundaries of AI collaboration, it stands poised to play a pivotal role in humanity’s transition to a positive technological singularity.
You can explore the project’s progress and plans via the roadmap page on the “singularitynet.io” website:
Team
The team behind SingularityNET and the AGIX crypto token includes leaders in the fields of AI, robotics, blockchain, and software engineering. The two most notable figures include:
- Dr. Ben Goertzel (CEO and Founder): A renowned AI researcher and entrepreneur, Dr. Goertzel leads SingularityNET with his extensive experience, including stewardship of the OpenCog Foundation.
- Dr. David Hanson (Co-Founder): He is the creator of lifelike humanoid robots and co-founder of Hanson Robotics.
Other core members of SingularityNet’s executive team, foundation board, and supervisory council include:
- Janet Adams – Chief Operating Officer
- Mario Casiraghi – Head of Crypto Operations
- Dr. Matt Ikle – Chief Science Officer
- Jan Horlings – Chief Product Officer
- Sergey Shalyapin – Chief Technology Officer
- Dr. Alexey Potapov – Chief AGI Officer
- Dr. Mihaela Ulieru – Chief AI Alchemist
- Alex Blagirev – Strategic Initiatives Officer
- Loic Claveau – Chief Marketing Officer
- Cassio Pennachin – Foundation Board Member
- David Lake – Foundation Board Member
- Ugo Di Leva – Foundation Board Member
- David Orban – Supervisory Council Managing Advisor
SingularityNet’s Technology and Ecosystem
Before we focus on the “What is AGIX Crypto?” question, let’s also do a quick overview of SingularityNET’s technology and ecosystem. However, if you wish to dive deeper into these aspects, make sure to visit the project’s official website.
SingularityNET’s tech revolves around a well-designed and efficient software platform. The SingularityNET daemon, acting as an adapter, facilitates interaction between AI services and the platform. The platform relies on the Ethereum blockchain for critical smart contracts, including the “registry” and “multi-party escrow,” ensuring secure and transparent transactions. The registry is an ERC–165 smart contract that stores information about organizations, services, and type repositories.
The SingularityNET marketplace dapp serves as a user-friendly entry point, allowing consumers to explore, filter, and discover AI services. Integrated with SingularityNet’s multi-party escrow, the dapp enables users to pay for services, rate them, and capture usage metrics. For developers, the CLI (command line interface) serves as a comprehensive tool for interacting with smart contracts, managing services, and handling funds. The SDK (software development kit) generates client-side libraries, simplifying the process of calling SingularityNET services in various programming languages.
These components are the gist of the Singularity tech so far:
- AI Platform:
- AI Marketplace
- AI Publisher
- AI – Domain Specific Language (DSL)
- AGIX Crypto Token Tools:
- AGIX Staking
- SingularityNET Bridge
- OpenCog Hyperon
This is the gist of the current SingularityNet ecosystem:
- Cogito
- SingularityDAO
- Rejuve
- NuNet
- SophiaVERSE
- Awakening
- Jam Galaxy
- HyperCycle
- Mindplex
- TrueAGI
- Singularity Studio
- Twin Protocol
What is AGIX Crypto?
AGIX is SingularityNET’s native cryptocurrency, and it lives on the Ethereum network following the ERC-20 token standard. The AGIX token also lives on the Cardano chain. Both of these networks support smart contracts, which allows AGIX to leverage this powerful innovation for secure and transparent transactions.
Let’s also point out that AGIX is short for “Artificial General Intelligence Token.”
What is AGIX Crypto’s Purpose and Use Case?
AGIX plays a pivotal role within the SingularityNET ecosystem, serving as the primary means of value exchange for AI services. Within the SingularityNET marketplace dapp (decentralized application), users utilize AGIX to access, pay for, and rate AI services. The integration with the multi-party escrow ensures a trustless and efficient payment mechanism. Service providers, on the other hand, receive AGIX as compensation for their offerings.
As SingularityNET evolves and embraces a decentralized autonomous organization (DAO) model, AGIX is anticipated to play a central role in governance. Token holders are expected to be able to participate in decision-making processes related to the platform’s development. This should further enhance the democratic and inclusive nature of SingularityNET.
AGIX holders can already stake this cryptocurrency on Ethereum or Cardano:
Nonetheless, like any other cryptocurrency, traders can freely speculate on $AGIX’s price. They can do this by buying and selling the token directly or by betting on the token’s price, depending on the platform they use to engage in such activity.
Is the AGIX Coin a Good Investment? Full Singularity Token Price Analysis
There are many aspects one needs to consider when deciding whether a token in question is a good investment. Of course, the same is true when it comes to the “Is the AGIX coin a good investment?” dilemma. However, by the end of this section, you should be well aware of all the key aspects and equipped to answer the above question with confidence.
And if you decide to get a bag of this token, you’ll get to learn where to buy AGIX crypto below. We’ll also explain how to buy AGIX crypto herein with maximum ease.
Nonetheless, when it comes to the project’s fundamentals and the AGIX token’s utility, we’ve covered the gist of it in the sections above. As such, you already know that SingularityNET is a legitimate project with a proven track record and a doxxed team.
So, let us now take a closer look at AGIX’s tokenomics and its price.
Tokenomics
It’s worth pointing out that the original native token of the SingularityNET project went live on Ethereum in January 2018. At the time, the token was called AGI. So, it wasn’t until April 2021 that the project launched $AGIX. The latter is a hard fork of $AGI. One of its core properties is that it is also compatible with the Cardano network.
AGIX’s total supply is two times larger than the total supply of AGI. Still, all AGI holders were airdropped AGIX in a 1:1 ratio. Thus, some price charts show AGI and AGIX as a single asset.
Here’s the gist of the AGIX tokenomics:
- Token name: SingularityNET Token
- Symbol/ticker: AGIX or $AGIX
- Networks: Ethereum and Cardano
- Token type: ERC-20 (Ethereum)
- Smart contract address:
- 0x5B7533812759B45C2B44C19e320ba2cD2681b542 (Ethereum)
- f43a62fdc3965df486de8a0d32fe800963589c41b38946602a0dc535 (Cardano)
- Maximum total supply: 2,000,000,000 $AGIX
- Circulating supply: around 62% of the maximum total supply (in December 2023)
- Token initial distribution:
- 50% token sale
- 20% to a reward pool for early users, developers, and partners
- 18% to the core team
- 8% to the SingularityNET Foundation
- 4% for bounty programs
Looking at the above details, you can see that since only some AGIX tokens are in circulation, the asset is inflationary. Moreover, the initial token distribution gave a lot of control to the team (46% combined).
$AGIX Price Analysis
Here’s the entire price action of $AGI (January 2018 to April 2021) and $AGIX (after April 2021):
If you remember the 2017-2018 bull market, you probably know that it ended in January 2018. This is also one of the main reasons that time marks the top for the $AGIX price. At that time, the asset crossed the $1 level (on some markets, it reached as high as $1.86).
However, as the rest of the crypto market entered the bear season, AGIX (AGI at the time) started to lose value fast. For instance, by August 2018, the asset was trading at just below $0.045. But that was just one of the local bottoms; on March 13, 2020 (during the pandemic crisis), the token reached its all-time low (ATL) price of approximately $0.0075.
After the March 2020 crash, the crypto markets started to recover, and so did $AGIX. However, neither of the two-cycle tops in 2021 was able to help AGIX cross $0.6 properly. And after the second top, the asset again entered a bearish trend. However, the coin didn’t go as low as in the previous bear season – it found support on top of $0.033 in July 2022.
Following the aforementioned low, $AGIX ranged sideways between $0.04 and $0.06 until January 2023. This is when the crypto market woke up again.
2023: Crypto Market’s Awakening and the AI Narrative
In 2023, OpenAI had already launched its ChatGPT tool, so the AI narrative was strong. Hence, $AGIX was propelled on a massive 14x-plus rally in just 35 days, reaching $0.66 on February 8.
Since then and until October 20, 2023, the asset pulled back by more than 75% and entered a consolidation mode. It established support on top of $0.15. However, on October 20, the AGIX token moved with the rest of the crypto market. The move wasn’t as explosive as in January, but the asset still doubled in price over the next 37 days. The price reached $0.33 on November 25, 2023.
After that local peak, the token has been consolidating above the $0.29 support and is currently sitting just above $0.30.
TA and Money Line
If you wish to answer “Is the AGIX coin a good investment?” with confidence, you should also perform at least a basic technical analysis (TA).
For instance, in the above image, you may observe the key support and resistance levels. Aside from this basic TA charting, the above chart also indicates the asset’s trading volume and RSI. In addition to these indicators and tools, there are many other advanced options you can use to perform a detailed TA for $AGIX.
However, aside from the basics mentioned above, we tend to rely heavily on the crypto Money Line indicator. The latter tells us when the asset is in the buy (“Bullish”) and sell (“Bearish”) territory.
For the AGIX crypto, the Money Line indicator is offering the “Bullish” signal on weekly and daily timeframes:
Note: If you want to get your hands on the Money Line indicator for free, make sure to opt for the Moralis Money Starter or Pro plan.
In Conclusion: Is AGIX Crypto a Good Buy?
Throughout the above-covered sections, we provided you with more than enough details to help you determine if you like the SingularityNET project and its $AGIX token. Still, to answer “Is the AGIX coin a good investment?” with confidence, you ought to take additional steps.
First of all, you need to consider your current financial situation and risk tolerance. Second, you need to research the AGIX crypto and the project behind it properly. Fortunately, you can do so like a pro via the Moralis Money SingularityNET token ($AGIX) page.
If, based on your research, you conclude you want to buy $AGIX, you need to take a final step. The latter revolves around the token’s live price and its real-time, on-chain metrics. This combination will tell you if now’s a good time to buy.
Ideally, you want to see the price reversing at one of the key levels of support after some sort of pullback. At the same time, you wish the asset’s on-chain momentum would start increasing.
So, make sure to use the power of the Price Chart and Alpha Metrics sections on the above-introduced page. To access that page, simply follow the above “$AGIX” link or use the interactive widget below.
And in case you decide you wish to invest in $AGIX, make sure to jump to the final part of today’s article. This is where we explain where to buy AGIX crypto and how to buy AGIX crypto.
Where and How to Buy AGIX
If you decide you wish to get a bag of $AGIX, you have several options. Just use the “Market” section on CoinGecko or CoinMarketCap page for that token. There, you’ll find a list of all CEXs and DEXs that offer the relevant training pair, including the trading volume. As such, you can easily pick a market that best suits your goals.
What is AGIX Crypto from SingularityNet, and is AGIX a Good Buy? – Key Takeaways
In today’s article, we covered quite a distance. You learned the gist of the SingularityNET project and its native token. As such, you are now able to answer “What is AGIX crypto?” with ease. Taking that knowledge and combining it with the power of the Moralis Money $AGIX page, you can also approach “Is the AGIX coin a good investment?” with confidence.
And for those who may decide to invest in AGIX, we also explained where to buy AGIX crypto without breaking a sweat or the bank. You now know that Moralis Money’s $AGIX page helps you cover that in just a couple of clicks!
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