MANTRA DAO
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MANTRA DAO

Singularity DAO joins ZENDIT to raise $1.6 Million for $SDAO’s community round!

$SDAO Pool Opens on Thursday, May 6th, 11 AM UTC

Many of the top projects working on decentralized networks are doing so with the goals of safeguarding humanity’s future. While these ideals can at many times sound more idealistic than practical, true visionaries including AI researcher, CEO and founder of SingularityNET, and Chief Scientist of Hanson Robotics, Dr. Ben Goertzel have been working hard to make these ideals into reality for decades.

After launching SingularityNET’s AGI token in 2018, Dr. Ben Goertezel along with tech entrepreneur Marcello Mari are now launching SingularityDAO which will bring DeFi and decentralized AI together in a new framework aimed at radically increasing the liquidity available to crypto assets of all types and sizes and leveraging this liquidity to create financial value and facilitate growth for utility-token-based technology projects.

MANTRA DAO is deeply honored to be working with SingularityDAO to launch their new $SDAO token on ZENDIT and are incredibly excited to explore the possibilities that AI + DeFi will bring!

SingularityDAO is getting ready to ZENDIT!

Singularity DAO Community Round ZENDIT

  • Please note that the terms for this ZENDIT will be unlike our regular ZENDIT launches.
  • As a community round for SingularityDAO, you will need to be an AGI token holder to be eligible to enter with the lowest holding amount set at 1000 $AGI tokens.
  • At the request of SingularityDAO, all participants for all pools MUST first KYC on Singularity DAO here.
  • Please refer to SingularityDAO’s official announcement for the details of KYC, AGI holding requirements to enter USDT, ETH, WBTC, and AGI pools, residency requirements, and KYC instructions here.

KYC Whitelist will be open from April 28th 4:00 PM UTC — May 5th 11:59 PM UTC

Snapshot for AGI holding Tier Allocations — May 5th 11:59 PM UTC

$SDAO ZENDIT Community Round Pools will run from May 6th 11:00 AM UTC — May 9th 11:00 AM UTC

MANTRA DAO Bonus $SDAO Airdrop

As extra incentive for our Sherpas to participate and for AGI holders to have a chance to get instant utility out of purchasing $OM, we will be distributing bonus SDAO tokens to all pool participants who also supply on ZENTEREST, stake, or hold a minimum of 1888 OM between when the SingularityDAO ZENDIT pools open, to one week after the $SDAO token generation event on May 13th (time TBD).

We will be taking a snapshot at May 6th 11:00 AM UTC and another one at May 20th (time TBD). Participants who want to be eligible for the bonus airdrop must not have moved or sold their $OM tokens during this time.

What is Singularity DAO?

  • The core mission of the SingularityDAO is to stimulate the growth of the decentralized, utility-token based economy — by making it more beneficial and less risky for individuals and institutions to hold collections of utility tokens that individually have only modest liquidity. In so many cases, it is these “smaller” altcoins that are building the technology and networks critical to our future.
  • To effectively achieve its mission, SingularityDAO is designed to leverage AI at multiple levels, including management of dynamic token-sets; predictive market-making to ease the provision of liquidity for these token-sets on DEXs; and predictive modeling based hedging strategies.
  • SingularityDAO is structured in three layers, each with its own token:
  1. A lower layer of token-sets known as DynaSets. A DynaSet is a dynamically managed collection of utility tokens, much like an ETF in traditional finance. Generally the management of a DynaSet will be done by AI robo-advisors, e.g. agents running on SingularityNET platform
  2. A middle layer which allows users to farm and hedge yield tokens known as SingYield tokens. These SingYield tokens are based on the ETF-like DynaSet tokens, and allow holders to participate in the value obtained when smart contracts automatically loan out DynaSet tokens to borrowers wanting to perform trading (including simple arbitrages and also AI-based trading)
  3. A top-layer governance token called the SingDAO token (SDAO), which is earned by keeping SingYield tokens within the platform.

Participation Tiers

Please refer to SingularityDAO’s $AGI token holding requirement here.

Round Tier and Terms:

  • Community Round Tokens
  • All tokens purchased during the Governance Token Generation Event will be subject to a 12 month linear vesting schedule with 20% of the token released at token generation and 7.27% in 11 subsequent monthly releases. This means participants will unlock 20% right away and receive 7.27% of their tokens each month automatically credited to their wallets.

SDAO ZENDIT Pool Details

  • Token Ticker: $SDAO
  • Token Type: ERC-20
  • Total Raise Amount: $ 1,600,000
  • Total Available Tokens: 8,000,000 $SDAO
  • Number of Pools: 5
  • Asset Pool Pairs: USDT/SDAO, WBTC/SDAO, ETH/SDAO, AGI/SDAO, OM/SDAO
  • Pool Type: Singularity DAO Community Pools
  • USD Token exchange offering Price: $0.2
  • Total Pool Raise: USDT/SDAO: $TBD | WBTC/SDAO: $TBD | ETH/SDAO: $TBD | AGI/SDAO: $TBD | OM/SDAO: $TBD

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

Website |Whitepaper |Telegram |Medium |Twitter | LinkedIn | Github

About SingularityDAO

SingularityDAO aims to make the life of crypto investors easy by bringing the sophistication of SingularityNET’s AI to the world of Decentralized Finance.

SingularityDAO users will be able to choose baskets of tokens called “DynaSets”; consisting of a bundle of utility tokens and provide liquidity to unlock AI-generated alpha on their liquidity.

These DynaSets are somewhat parallel to ETFs in traditional finance. Tokens that have limited liquidity on their own become easier to trade when aggregated into sets. On top of these token-sets, SingularityDAO enables yield-farming and futures-based hedging features.

SingularityDAO is designed to use AI at multiple levels: AI manages the dynamic token-sets, executes predictive market-making strategies to provide liquidity for these token-sets on DEXs, and predictively models hedging strategies.

To learn more, visit SingularityDAO.AI and follow them on Twitter, Facebook, and Telegram!

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