Greetings Singularitarians!
Today is an eventful day!
We have now entered the final phase of the SingularityDAO AGIX Token Holder Airdrop.
The 4th and final registration has closed and today, August 18th, we will commence with distributing the final tranche, reaching a total of 5,000,000 SDAO tokens, equal to 5% of the whole SingularityDAO governance supply, to our valued community members.
Those of you who have already registered and staked, please proceed to our staking portal where you will find your newly distributed tokens ready to be locked into Epoch 1 Bonded Staking.
If you have registered to claim, please make sure that by August 23rd 23:59 UTC+0 you have claimed all rewards, as from August 24th 00:00 UTC+0 any unclaimed rewards will be removed, and redistributed to the community at a later date. While it is true that there will be no further chances to claim airdrop rewards after this date, if you are an SDAO token holder it couldn’t be easier to continue accruing more tokens by participating in Epoch 1 staking detailed below.
Thank you for joining the SingularityDAO airdrop and sticking with us to the end! You, the SDAO token holders are now in possession of the majority of SDAO governance tokens. Over the next months and years we will be hosting many voting events which will dictate the direction of the platform. We shared these tokens with you because we very much hope to see you all take part in the governance and growth of our platform. Please join us!
If you are excited to learn more about the next SingularityNET ecosystem project to launch, you may be interested to join the NuNet telegram channel where you can discover more about our approach to decentralized computing. Kabir Veitas, CEO of NuNet will be doing an AMA on the SingularityNET YouTube Channel today August 18th at 17:00 UTC+0.
Of course, at SingularityDAO the completion of one event simply means the beginning of another and we are proud to announce that as of right now, Epoch 1 is open for all to join.
Most of you are likely already familiar with what to expect, but perhaps taking a deeper dive into how Epoch 1 Staking works will reveal some interesting new information.
Bonded Staking will lock your tokens for the length of an Epoch, the first of which will be 60 days. The first 5 day period of each Epoch is the deposit/withdraw window. During those 5 days you are able to add and remove tokens from both the previous Epoch and the newly begun one. No rewards are accrued during this time. After 5 days, any tokens in Bonded Staking are locked for the remainder of the Epoch and they will accrue rewards which can either be withdrawn during the first 5 days of the following Epoch, or left to automatically compound and rollover into subsequent Epochs.
Each user will only be able to stake up to a maximum number of tokens, (25,000 for Epoch 1) and total number of tokens staked will also be capped (3,500,00 for Epoch 1). These numbers are subject to change on an Epoch to Epoch basis.
Bonded Staking Bonus Rewards
Bonded Staking will also sometimes include bonus rewards, in the case of Epoch 1 this will be a single token per wallet named xSDAO. One xSDAO represents a discount on a single DynaSet contribution when they are launched.
Unbonded Staking is open ended and flexible. You can add and remove your stake and rewards at any time. There is no limit to the number of people who can take part, or the amount of tokens an individual can add. As with Bonded Staking, you can leave your tokens here accruing rewards and they will continue to do so indefinitely, although you will need to manually manage any tokens earned.
Epoch 1
https://app.singularitydao.ai/
Looking Forward
With the airdrop complete and Epoch 1 begun, we now turn our attention full force to the construction of the SingularityDAO LaunchPad and the creation of our first DynaSets. We look forward to sharing the details of which with you over the coming weeks.
Join us at https://singularitydao.ai/
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