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SingularityDAO— Telegram AMA — May 04

On Tuesday, May 04, we had the pleasure to welcome to our Telegram chat:

Marcello Mari, CEO of SingularityDAO

We asked him questions about the development of SingularityDAO.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

SingularityDAO democratizes AI for advanced financial prediction, risk management, arbitrage, and automated market-making — via incorporating all this AI in a tokenomic framework with a focus on lower-liquidity altcoins and their aggregates.

SingularityDAO will leverage sophisticated AI combined with DeFi tools to magnify users’ exposure to the crypto economy while optimizing navigation of complex markets.

SDAO is a governance token! SDAO token holders will be able to participate in critical decision-making for the SingularityDAO platform.

SingularityDAO is backed by some of the world’s leading venture capital and investment firms such as AlphaBit, Genesis Block Ventures, SMO Capital, QCP Capital, AU21, Marshland Capital, Jun Capital, Magnus Capital, Moonwhale Ventures, and Phoenix VC.

Introduction

Q — Ayeley from GAINS: Tell us a bit about you. What did you do before crypto and did you have any other previous venture in crypto?

A — Marcello from SingularityDAO: My name is Marcello Mari and I’m the Director of Communications at SingularityNET and CEO of SingularityDAO. I was in the founding team of SingularityNET back in 2017 when we did our ICO raising 36mln in 66 seconds, being one of the fastest token raises of all times. Those were the good old times!

My job was to ensure max exposure for SingularityNET back then and babysit the robot Sophia around the world! Lots of fun and crazy stories to share about that after that I moved on to do 2 more ICOs, one went very well, the other froze in the cold of the crypto winter. So in 2019, I came back to SingularityNET.

In my previous life, before crypto, I was working in tech startups in London. While at the same time writing for The Guardian, TechCrunch, and Wired about technology and innovation.

About SingularityDAO

Q — Ayeley from GAINS: What is SingularityDAO about in a few simple sentences?

A — Marcello from SingularityDAO: SingularityDAO is an AI-driven decentralized hedge fund for crypto. We are bringing, for the first time, sophisticated AI to Decentralized Finance!

The main components of SingularityDAO are dynasets, which can be seen as a basket of crypto. When a user purchases 1 or more Dynaset tokens, they own a portion of this basket of cryptos!

Q — Ayeley from GAINS: What motivated the creation of SingularityDAO, as a different entity? Why wasn’t it designed as a function under the parent company SingularityNET?

A — Marcello from SingularityDAO: Well SingularityDAO is a DAO:) SingularityNET is not. That’s why we have our own governance token, the SDAO token which will be distributed through a Governance Generation Event on the 6th of May.

SingularityNET is a decentralized AI platform functioning thanks to the AGI token, while we are a decentralized Finance ecosystem.

Q — Telegram user Amos: What was the SingularityDAO project created for, what problem does it want to solve in this crypto world ecosystem?

A — Marcello from SingularityDAO: It will make life easier for the everyday user to get exposure to the crypto market! Thanks to sophisticated AI, it is difficult to distinguish it from real info with so much noise around the crypto world! Our AI can do that!

Q — Telegram user Humberto: You’ll use data feeding through AI agents that will be collected with a Binance Scalper, is it totally legal to scrap centralized exchange? How do you deal with regulatory issues?

A — Marcello from SingularityDAO: We scrap data using data browsers like the graph! Of course, we are not scraping any personal data :D, but only trading data and historic trading data.

Q — Twitter user @HumbertoAnttoni: There is a great possibility that variables that can be managed efficiently with AI and price predictions are becoming very competitive functions. What makes your prediction system attractive and how does it help the user to make better financial decisions?

A — Marcello from SingularityDAO: We are testing a different range of techniques for price prediction and applying many algos. Our AI tech lead, dr. Anton Kolonin has over 25 years of experience researching AI and is also a professor at a university in Russia!

The Price Predictor (aims to predict the price of an asset in the immediate future, based on AI/ML from all sorts of the market, fundamental, and sentiment data.),

The Portfolio Planner (uses on-chain market data and gets predictions on price trends and volatility from the Price Predictor to provide long-term weights on tokens, helping plan and build long-term investment strategies for DynaSets within bounded volumes and levels of risk),

The Strategy Evaluator (uses the same on-chain data and price trend/volatility predictions to evaluate different competitive strategies and parameters of these strategies),

The Weighting Agent (relies on the same data and predictions suggesting short-term weights on tokens, helping the Portfolio Balancer adjust portfolio inventory given short-term risks),

The Sentiment Watcher (monitors news feeds, and online media, and social media chatter about specific tokens and overall crypto-related buzz.

So a combination of these agents will be able to inform our users to make better financial decisions!

Q — Twitter user @Fredric45441819: From a big economy like the US or China and the usual FUD that follows, how will your AI bots mitigate against the sudden drop in prices and profitability of portfolios they manage?

A — Marcello from SingularityDAO: That’s exactly what our AI algos have been trained for! they will work all together to predict price fluctuation! We’ll use price prediction algos for that but also sentiment analysis to understand where the token price will go!

So yeah, we are fully prepared even though we are aware that have a fully functioning price predictor agent might take months! In the meantime, our AI will be assisted by humans :)

Q — Telegram user Robert: One of SingularityDao’s products is an AI-powered portfolio for DeFi How will AI help users to make smart investments? Is AI fully developed? Can’t it fail?

A — Marcello from SingularityDAO: The AI is currently under training! which means that before we can have fully independent and automated decision making it might take months :D In the meantime, our AI will be assisted by human brains :)

Token

Q — Ayeley from GAINS: What is the token use case and how does it capture the value of the ecosystem you are building?

A — Marcello from SingularityDAO: SDAO is our governance token! SDAO token holders will be able to participate in critical decision-making for the SingularityDAO platform.

We have a whole WP dedicated to explaining how we are going to progressively decentralize the decision making of SingularityDAO

However, we’ll also have Dynaset tokens once the platform will be live.

Financial

Q — Ayeley from GAINS: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?

A — Marcello from SingularityDAO: We did raise a private round from institutional investors that are going to support SingularityDAO with their network, ideas, and of course capital

We are now concluding the registration period to take part in our Governance Generation Event where we will distribute 8,000,000 tokens to AGI holders

More info about our governance generation event, with all the details, can be found here.

A — Marcello from SingularityDAO: AlphaBit, Genesis Block Ventures, SMO Capital, QCP Capital, AU21, Marshland Capital, Jun Capital, Magnus Capital, Moonwhale Ventures, and Phoenix VC.

Business Development

Q — Ayeley from GAINS: What stage is the project at? Beyond the Governance Generation Event and IDOs, what should we look forward to in the coming months?

A — Marcello from SingularityDAO: Well, we are due to launch our platform in the next 2 weeks :), so that will be the best announcement of them all!, and with that, we’ll be launching several Dynaset, and also staking and farming!

Q — Twitter user @lucky_mbu: What do you think about the boom of the NFT + DeFi association that is causing so much interest in the world? How does your project take advantage of and exploit this reality?

A — Marcello from SingularityDAO: We are watching the space very closely, but this is something we are keeping in the back pocket for now. What we are thinking in terms of NFT is to use them to reward our community even further! Plus there will very likely be Dynasets containing NFT governance tokens, and maybe one day, even Dynasets containing actual NFTs!!

Marcello, thanks for coming in. It was a pleasure having you in our group today, and taking the time to answer all our questions. Anything else you’d like to say? Where can we follow you to stay updated? — Ayeley Commodore-Mensah from GAINS

It was great to be here! Thank you so much and don’t forget to join our community Marcello from SingularityDAO

GAINS Associates is the World’s First Decentralized VC, allowing anyone that holds $GAINS to invest in the crypto unicorns of tomorrow. With over 3 years of experience and several ultra-high return deals, we are removing the barriers of entry to investing and changing the world, one deal at a time.

GAINS stands for Group Action Is Never Small, embodying the collaborative spirit that is the essence of blockchain and decentralization.

In addition, GAINS provides daily news, articles, video interviews as well as fun & educational events.

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GAINS Associates provides you with the latest news and research in blockchain and crypto. It’s a community for everyone to learn and grow together.

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