SingularityDAO is the DeFi arm of the SingularityNET AI Ecosystem, designed to democratize access to the crypto economy. It aims to bring sophisticated decentralized finance together with the world's most advanced decentralized artificial intelligence to create a new type of economy. SingularityDAO's unique selling proposition is the creation of the first decentralized, non-custodial, dynamically adjusted baskets of tokens (DynaSets). These DynaSets are controlled by a team of traders aided by advanced Artificial Intelligences, similar to the ones leveraged daily on Wall Street but are yet unknown in the crypto space.
The SingularityDAO token (SDAO) is the native utility token of the platform. It is used to govern the SingularityDAO ecosystem, allowing token holders to vote on various aspects of the platform, including the creation of new DynaSets. The token also plays a role in the platform's incentive structure, rewarding users for their participation in the ecosystem.
SingularityDAO has made significant progress in its mission to simplify access to the crypto economy. The project has successfully launched its DynaSets, which are capable of using both long and short trading strategies, as well as applying leverage to those trades. These DynaSets automatically rebalance holdings and take positions based on market conditions, powered by professional traders aided by world-class AI. The SingularityDAO project has also recently received a $25M funding to accelerate its AI-backed DeFi initiatives.