This proposal is expected to appear on Snapshot for voting on 2021-09-26T12:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
Proposal to Whitelist SingularityDAO (SDAO) with 150K BNT Co-investment
TL;DR
- Proposal to whitelist SDAO.
- Requesting a 150,000 BNT co-investment to start
- Transaction fees: 0.2%
- There are no apparent security concerns that would prohibit whitelist status.
- There is no reason to doubt the legitimacy of the SDAO project.
Token Address: 0x993864e43caa7f7f12953ad6feb1d1ca635b875f
Project Website: https://www.singularitydao.ai/
Platform Whitepaper: https://www.singularitydao.ai/file/2021/04/Platform-Whitepaper-3.pdf
Governance Whitepaper:https://www.singularitydao.ai/file/2021/04/Governance-Whitepaper-3.pdf
Token Security
SDAO does not have an elastic supply or rebase mechanism. The singularity DAO token contract has a mint function to increase the supply but does not have any burn functions. The SDAO token supply is fixed at 100,000,000 of which 24,010,493 are in current circulation. The contracts and addresses with the highest concentration of SDAO tokens are eco-system Fund, and investor vesting multisig wallets.
Project
SingularityDAO is a decentralised, blockchain-based organisation with the main goal of governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol. SingularityDAO brings the financial sophistication of AI-managed funds to DeFi, deploying SingularityNET’s AI technology to navigate complex markets.
SingularityDAO uses sophisticated AI to dynamically manage portfolios, execute efficient asset allocations and market-making functions to provide liquidity for high-quality tokens on DEXs, and predictively model asset management strategies. The protocol is democratically governed as a Decentralized Autonomous Organization (DAO) with a governance token (SDAO).
Tokenomics
Voting power in SingularityDAO is granted by the SingularityDAO token (SDAO). The DAO allows users to vote on proposals using liquid democracy, also known as delegative democracy. The users can vote directly on proposals or take a more hands-off approach by delegating their tokens’ voting power to someone else to vote for them. The DAO will control, in a democratic way, which DynaSets are on the platform. It will also have the power to make changes to the economic variables and protocols of the platform or even amend governance protocols. Proposals can be tabled only by the SingularityDAO team at first, with this power being decentralized to the community of token holders progressively over 5 phases.
Community and Communication
SingularityDAO is active on:
Available Audits
SingularityDAO has been audited by CertiK in August 2021:
Market and Trading Data
- SDAO’S price at the time of writing is $3.91
- All-time high: $6.61 (Sep 6, 2021)
- All-time low: $0.3827 (May 23, 2021)
- 24,010,493 Circulating Supply
- 100,000,000 Max Supply
- The current market capitalization is $93,823,995
- The SDAO token is available on Kukoin, Gate.io, Uniswap (V2), Uniswap (V3), 1inch Exchange.
- The last 24-hour spot volume is $7,635,511
Benefit for Bancor
Through this listing, the Bancor ecosystem will benefit from exposure to SDAOs by hosting one of the deepest liquidity pools for SDAO pairs, which can attract yield farmers and speculators of yield. The intention is to increase the size of the pool over time. The goal is to increase liquidity in tokenized yield markets so that yield farmers can hedge their risk and traders can speculate on volatile APY rates.
Founders
Marcello Mari
Marcello is the CEO of SingularityDAO and Director of Comms at SingularityNET. He was part of the founding team of SingularityNET in 2017. He was a contributor to TechCrunch, Wired, and The Guardian, following a career in marketing and PR across a number of tech startups in London.
https://www.linkedin.com/in/marcellomari/
Ben Goertzel
Ben is the co-founder, CEO, and Chief Scientist of SingularityNET. Under Dr. Goertzel’s guidance, SingularityNET is bringing AI and blockchain together to create a decentralized open market for AIs. He developed one of the first Open Source AI frameworks for broad-based AGI development and research. Among his other roles, Dr. Goertzel is the Chairman of the Artificial General Intelligence Society and the OpenCog Foundation, Chief Scientist of robotics firm Hanson Robotics, co-founder of SophiaDAO, co-founder of NuNet, Chief AI Scientist and co-founder of Rejuve, co-founder of Awakening. Health, co-founder and Chairman of Singularity Studio and Chairman of Novamente.
https://www.linkedin.com/in/bengoertzel/
Mario Alberto Casiraghi
Mario is CFO of SingularityNET and SingularityDAO. Prior to SingularityNET he was co-founder and head of blockchain entertainment company Xfinite, for which he raised over $25 million via STO. He started his blockchain journey as the founder of DandYlion and a partner at Blockchain Solution Partners. Prior to working in blockchain, Mario spent six years in financial markets working at Bank of America Merrill Lynch and RBS as a specialist in Debt Capital Markets, where he completed more than 50 transactions and around €80 billion in financing.
https://www.linkedin.com/in/macasiraghi/
