AMA Satoshi Club x SingularityDAO, May 3rd

We were delighted to welcome our guest from SingularityDAO. The AMA took place on May 3rd, 2021 and our guests were @ibbybenali @MACoLabs.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Paul Mont | Satoshi Club: Hello Satoshi Clubbers! Today we are excited to announce our AMA session with SingularityDAO! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello, dear community! We are pleased to announce our AMA with SingularityDAO😊

Paul Mont | Satoshi Club: Today’s guests are @ibbybenali @MACoLabs Welcome guys! Great to have you here!

MAC_o: Thank you so much for having us 🙂

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @ibbybenali @MACoLabs!

Paul Mont | Satoshi Club: The pleasure is all ours! How are you today guys? 😁

Gold Rocket | Satoshi Club: We are very excited about the upcoming AMA🚀 And you?😉

MAC_o: thrilled and superrrr excited … best community ever 🙂

Paul Mont | Satoshi Club: Haha for sure! 😉😁

Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto & SingularityDAO?

MAC_o: Hello everyone, my name is Mario Alberto Casiraghi and I am the CFO at SingularityDAO.

I started my career in major investment banks, which was exctiting at the beginning. But I soon realised how those huge organisations are backward looking, closed to the few and inefficient. hence I decided to  look for something more open, fairer = decentralised 🙂

I got involved in crypto in 2016 by launching a community and participated to a few ICOs/STOs thru 2017/9 and joined as CFO of SingularityDAO and SIngularityNEt at the end of last year. best choice ever 🙂

Gold Rocket | Satoshi Club: Great background!

Paul Mont | Satoshi Club: I’m pretty sure that was a first, yet eye-opening experience, wasn’t it? 😉

Gold Rocket | Satoshi Club: it means you are an early crypto bird 😁

MAC_o: indeed – working on trading floors really much allows you to see how economies work and value flows…. but when you get a hold of it you realise that finance needs to evolve. 5 years in crypto = 20 years elsewhere

Paul Mont | Satoshi Club: Haha, can’t help but agree with that 😁

Gold Rocket | Satoshi Club: What is the essence of your project?

MAC_o: In keeping with the project’s aim of bringing the benefits of AI to the ordinary user, we will deploy

an ecosystem of AI agents to support trading decisions on SingularityDAO.  These agents will help increase the value and returns of the DynaSets by providing liquidity to decentralized cryptocurrency markets.  SingularityNET was designed to use blockchain to knit together multiple AI agents with multiple

specialties into a larger, broader intelligence. SingularityDAO uses multiple specialised AI agents,

detailed below, to perform different functions in the ecosystem to the greater benefit of the token

holders. Each of the agents in the ecosystem provides insights which are tied together by the smart

contract and DAO architecture.

Basically we bring financial sophistication to the decentralised world allowing everyone to get the best tools the best decisions

Gold Rocket | Satoshi Club: Thank you! and one more obligatory question 😉. Also we would like to know about your team. Who is on the project team?

MAC_o: AI agents will perform analysis such as sentiment analysis, orderbook anslyses, wallet profiling, correlations and many more in order to perform the best possible investment decisions. Manage risk and generate best in class returns for dynaset holders

Gold Rocket | Satoshi Club: It should be a very complex tool to develop and easy for users …

MAC_o: My co-founders are dr. Ben Goertzel, whom I’m sure most of you know…..over 25years research AI, Mathematic PhD, over 250 scientific publications, chairman of Humanity Plus, one of the early founders of SingularityU and the father of Sophia’s AI and Marcello Mari, the Director of Comms at SingularityNET and CEO of SingularityDAO. also  founding teammember  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

SingularityDAO enjoys the expertise of all SingularityNET, with a marketing team of 10+ people, 3 AI research labs across the globe, one blockchain dev. lab and so on.

We also have some exclusive employees at SingularityDAO that are supporting us in building the ambitious project that SingDAO is!

MAC_o: Democratise finance 🙂

Paul Mont | Satoshi Club: I’ve had the chance to follow some of Ben’s of his keynote speeches. Truly brilliant 😉

MAC_o: hes amazing – world changing mind

Gold Rocket | Satoshi Club: You have a very cool team, I dare say! 👍 Quite right! Mass adoption in action🚀🚀🚀

Paul Mont | Satoshi Club: He is, I recommend anyone to go out and have a look 🙂 Thank you so much for the intro @MACoLabs! Would you like to add something? Or shall we proceed to the questions from community?🚀

MAC_o: Lets goooo

Q1 from Telegram User @Pratze

I think Traditional investors is better because they can collect daily data from the news or other sources. They read charts, analyze past data, and use various kinds of strategies which I believe AI cant do. Why do you think AI-DeFi is better than Traditional investor (human)? What makes Artificial Intelligence special?

MAC_o: In traditional finance, the use of AI and Algos is wide to enhance human capabilities both in decision making and execution. Human traders are being more and more replaced by automation in the analysis and in the execution of investment decisions. Moreover, these tools are only for the few …. Multibillion dollar funds and large corp traders

In the DEFI space, this is still uncharted territory which gives SingularityDAO the opportunity to be a pioneer. By implementing AI driven decision making you can 1) extend human capabilities with information that would not be otherwise identifiable by humans (in depth and width) 2) in the longer run strive to automate the whole investment process with the use of AI that is able to process much more information from many more different sources than a human is able to

By bringing AI to the decentralised world SingularityDAO allows anyone to access tools that in today’s world are only for the few.

Gold Rocket | Satoshi Club: Do your users need to pass KYC?

MAC_o: It is non custodial – metamask will do 😉

Paul Mont | Satoshi Club: Not only AI boasts amazing, enhanced processing power, but people are also prone to emotions …  – that’s makes us humans but in trading that can be costly

MAC_o: excellent point

Gold Rocket | Satoshi Club: Yes, many have suffered losses from emotional trading😉 And me too, to be honest😁

Paul Mont | Satoshi Club: I’ve been through that as well 😅

Gold Rocket | Satoshi Club: I really like your answers! Do you want to add something? Or maybe can we proceed to the next question?

MAC_o: who hasnt ?! humans learn by making mistakes or by reading books/following experts. AI learns from existing historical data with no scope for emotions to make you make mistakes or bias to run your investment decisions. we can proceed

Q2 from Telegram User @yellowchamp

Singularity Dao integrated to Mantra Dao and Chainlink. Can you tell us the power of this integration and what impacts that it bring towards the platform and to community and to investors? Why choose this two platforms for integration? Thank you

Gold Rocket | Satoshi Club: It is really very important and timely what you do👍

MAC_o: We are a community driven project and strive to become even more so by collaborating with other thriving communities… network effect. MantraDAO is a great team, with a great product and a great community we have been working closely to provide our community sale participants access to the best possible terms and the most seamless experience and MantraDAO is helping us achieve the latter.

Chainlink is leader in the decentralised world for offchain to onchain data collection. SingularityDAO will leverage the technology to bring human & AI driven data/ decisions onchain with Chainlink oracles making sure that security is preserved and data is always of the best quality

Paul Mont | Satoshi Club: By they way, your team has also been collaborating closely with Charles Hoskinson and his Cardano team, is that correct?

MAC_o: The SingularityNET team is really close to Cardano and a lot of SNET team members are also SingularityDAO team members including Ben. So yes you can say that.

I suggest to check out the SingularityNET Phase II plan and announcements around that. Lots of super cool information and a perspecitve of what to expect in the near future

Paul Mont | Satoshi Club: Cardano is a key player in the crypto and just the fact you’ve been exchanging “research notes” already elevates the rank of the project 🙂. Thank you for sharing this information with us 🙂

Gold Rocket | Satoshi Club: This coloboration really opens up great prospects! I’ve seen many famous partnerships on your website. Could you voice for Satoshi Clubbers?

MAC_o: It’s more than just notes  😉 super exciting

Paul Mont | Satoshi Club: Yes! 🎉 Let’s hop onto the next question, shall we?

MAC_o: Lets go

Q3 from Telegram User @andrey_seleznov

Hi Singularity!

How will the basket crypto assets be chosen? Will AI use only a certain curated subset of cryptocurrencies to populate the basket or will it be able to select any token in circulation based on its performance and AI analysis? Will users be able to manually adjust the AI strategies and will the AI be able to adjust based on the user’s risk profile?

MAC_o: it can be done, it is  a super  community, Satoshi clibbers can send requests to info@singularitydao.ai for partnerships and collaborations

Gold Rocket | Satoshi Club: Thanks for sharing🚀 Pay attention, Satoshi Club! 👍

Paul Mont | Satoshi Club: This looks like a great window of opportunity 😉

MAC_o: SingularityDAO is a community driven & AI powered protocol. Asset curation & selection will be provided with AI driven analytics as well as by community contributors who actively participate to SingularityDAO governance. User’s will be able to selected their preferred risk/ reward profile by participating to dynasets that are automatically managed in a more aggressive or a more defensive way based on the user’s risk appetite. The AI will make sure that that risk/ reward profile is always kept in balance and the user ma select more or less aggressive strategies at will and at any point in time

Paul Mont | Satoshi Club: Crystal clear answer 👌 By the way, how will NFTs also fit into the bigger picture of SingularityDAO?

MAC_o: This is something super cool that we are keeping in our backpocket and will reward our community even further. We will reward cool NFTs to most valuable contributors to our ecosystem like most active governance participants, mos engagede community members ….. but stay tined to learn more 😉

Paul Mont | Satoshi Club: Ha, this is cool news, I’m deep into the NFT hype, might probably jump into it myself 🤣 Please keep us posted!😁

MAC_o: Get into SDAO … get some AGI and you will be happy 😉

Gold Rocket | Satoshi Club: The desire to reward your followers is understandable. Community is the driving force behind the project. ❤️

Paul Mont | Satoshi Club: I have some question ready about the upcoming event 🙂 Ready for the next question? 🙂

MAC_o: fire away

Q4 from Telegram User @meml97

I saw that you recently announced the SingularityDAO Governance Token Generation Event on Twitter, can you tell us more about this event? Also, I would like to know who can be part of it, because one common thing I saw on the comments section was that it is restricted on a lot of places, so, what countries are allowed to participate in this? This makes me wonder as well, if this is happening with one Event, will it happen with all SingularityDAO in general? Is your platform global or is it restricted in some countries too?

MAC_o: SingularityDAO is the first project to treat the community in the same way and with the same terms as strategic backer such as VCs. A large part of the TGE will be distributed to the community thereby accelerating significantly the path to becoming a fully Decentralised Autonomous Organisation. Unfortunately, when a project is launching a token in this way traditional restrictions apply such as KYC (we have to follow the rules of this crazy centralised world) …. However, after the launch we will enter the beautiful world or decentralisation.

A long answer to say, anyone can be a part of SingularityDAO globally 🙂

Paul Mont | Satoshi Club: In fact, one thing that took my attention is that AGI holders will have the chance to enjoy a special price of just $0.20 per SDAO, which is the exact same price as private placement price… that’s kinda unheard of!

MAC_o: If you want to JOIN SingularityDAO, just check out our blog how to participate here:

https://medium.com/singularitydao/introducing-the-singularitydao-governance-token-generation-event-98b14089bf79?source=collection_home—4——0———————–

Or join the KYC directly: singularitydao.synaps.io

Make sure you own at least 1000 AGI tokens to be eligible for the community sale! 🙂

MAC_o: I think never done before….

We truly value our community and want to give back!

Gold Rocket | Satoshi Club: it’s incredibly generous😊

Paul Mont | Satoshi Club: That’s how the best community bonds are created ). Thank you for the clear answer, are you ready to proceed with the next question?

MAC_o: ready

Q5 from Telegram User @V1ct0r_26

Besides AMAs, what plans do you have to getting to more people? Do you have or do you have plans to launch an Ambassadors’ Program? I’ve seen that you said before that SingularityNET has one of this programs, but do you have plans on releasing one exclusively for SingularityDAO?

Paul Mont | Satoshi Club: I see where @V1ct0r_26 is coming from, ambassadors program are really a great way to reward and engage the most committed community members 😉

MAC_o: SingularityDAO will have a SingularityDAO Community Ambassador Program of its own. Similarly, to how the SingularityNET Community Ambassador Program is currently being formalized, this will be formed with the input of the community. The SingularityDAO Community Ambassador Program will fulfil all kinds of functions, such as raising awareness about the project, building a strong community of supporters and participants in the protocol, and to give birth to a new generation of governance leaders, who will influence the future of SingularityDAO collectively. Moreover, SNET x SDAO community collaboration will be very strong as the projects are partners and we share BELIEVERS

Gold Rocket | Satoshi Club: do you have local communities or plans to expand?

Paul Mont | Satoshi Club: That’s the kind of answer I would want to hear 🙂

MAC_o: Expect to find us everywhere once corona is over 😉

Paul Mont | Satoshi Club: That’s the kind of answer I would want to hear +2 😁🚀

MAC_o: But we are also going to go heavy on VR events and meetings, so wherever you are in the world, you will be able to join us in VR as well for the time being in the near future..

Paul Mont | Satoshi Club: Brilliant, thank you for the comprehensive answer 😁. Time to proceed with the last question for this first part of the AMA, are you ready to go? 😉

MAC_o: lets go

Q6 from Telegram User @Arisabela

You have an interesting system of Dynamic Asset Manager (DAM) that can excute trades on Uniswap and keep the user’s assets at a targetted ratio with a rebalancing method, can you explain how does this work and if there’s any risk associated to the use of this tool?

MAC_o: By collecting a wide range of data such as on chain, TA, sentiment based data the AI will be able to take highest quality decision is the fastest time. As a result, underlying asset allocation will be optimised actively at all times, for example running correlation analysis, orderbook analyses to understand what kind of trades to make and what kind of other players are trading the same asset. The risks are the ones that usually come with investing and trading but here they are managed by best in class technologies built by best in class engineers. Diversification mitigates risks, AI driven asset allocation maximises returns

Paul Mont | Satoshi Club: Great answer 👍 By the way, what would you say will be the next most important event for SingularityDAO in this 2021 coming after the Generation Event, of course?

MAC_o: The launch of our DAO & community governance actions. Launch of our synasets. Staking and yield farming programme

Part 2 — live questions from the Telegram community

Q1 from Telegram User @NataliyaKil

Studying SingularityDAO, I realized that your project pays a lot of attention to Airdrops, and there are a lot of them?  You constantly listen to the opinion of the community and even slightly changed the features of Airdrop.

 So what suggestions have been received from community members and what changes have been made?  Well, based on the fact that you have several airdrops, can we see their schedule, timing and conditions?

MAC_o: Indeed – we are launching one of the biggest (if not the biggest) aidrop in the history of cryptos by giving away 5% of the total supply of tokens to AGI token holders to rewards them for their loyalty.

We have strived to take care about everyone  in the fairest possible way and have listened to our community by tweaking Aidrop mechanics incorporating their feedback. More info here:

https://medium.com/singularitydao/singularitydao-updated-airdrop-eb6fc9d2210b

Q2 from Telegram User @highpee

There is so much talk about AI-AGENTS and how they can assist traders to make financial decisions using the best tools. Are these AI – Agents not a complex set of programmed algorithm? How easy will it be to understand and use them? Does it require a tech and technical pre-experience?

MAC_o: SingularityDAO leverages a team of over 40 AI developers thanks to the partnership with SingularityNET which has one of the biggest team of AI experts in the world.

Users will be provided with all of the information for them to make their best invesment decisions based on their preferred strtegy but will not need to understand about AI in depth. Your experience will be simple and effective 🙂 You will see and harvest the results of super cool technology without headaches

Q3 from Telegram User @KeymerS

In your Medium Blog they point out that the main objective of SingularityDAO is to make it more profitable and less risky to maintain collections of tokens, but how will it really make it less risky if in any mlment there can be a market drop causing big losses?

MAC_o: You may be aware with the concept of diversification ….. but getting exposure to many different assets you will enjoy the upside while mitigating downside risk. The more assets you hold the more protected you are from one of them crashing. Then extra returns will be given by the quality of the assets that are selected and the superior management of our DAMs.

But there’s something even more exctiting …… we are building the first decentralised way to create short positions to protect token holders from heavy market sell offs and bear markets all together

Q4 from Telegram User @lavlukut

Without proper marketing a project dies like a dead river. So, how strong is your word to mouth marketing and how do you planning to raise capital?DeFi is great. But for DeFi, the gas fee is crazy high on Ethereum. So, any plan to move on BSC or other layer-2 solution?###7#6৳65৳&#

MAC_o: The SIngularity community is one of the best most engaged communities in crypto since 2017

Check out

https://t.me/singularitynet

https://t.me/SingularityDAO

Moreover, we have the support of some amazing partners that are deeply entrenched in the crypto space and are helping us spread the world. Goes without saying that our amazing marketing team is also spreading the love very fast and effectively @Nevermind_AI @ibbybenali

As for fees, we have thoughts about that and taken care of it too 😉 Check out the forge on our white paper. Basically we will allow users to invest seamlessly and batch multiple transactions to avoid crazy gas fees! does that count as 2 ? 🙂 We may also consider layer 2s and other EVM compatible chaing but our product achieves the best results with the highest number of high quality assets and that is ethereum. So most of our dynasets wil be there but we are considering doing chain focused ones as well

Q5 from Telegram User @h1drX

If I’m not mistaken there are two tokens, AGI and SDAO.  Can you explain the differences between the two?  What is the usefulness of each one in the project?  Can we add liquidity with both tokens?  In which DEX’s is it available?

MAC_o: AGI is the legacy SingularityNET’s token that was launched in 2017 and that raised 36m is 60 seconds. Traded on binance etc. AGI is used to power the net of AI agents of the singularitynet platform and also to participate to governance decisions of SNET, wuch as the vote on phase II

SDAO is the new DEFI tokens of Singularity that will allow users to participate to the governance of our DEFI protocol.

Both will be on DEX, both will be incentivised with yield farming and both will be pivotal to the success of SingularityDAO

Q6 from Telegram User @testercoin

On your website there is Start KYC now button. I’m filling it but it asks for AGI. Is it possible to join without AGI? If not where can I get it?

MAC_o: You will need to buy AGI to participate to the GGE. You can buy AGI on binance and Kucoin

here more info on the GGE

f you want to get in, just check out our blog how to participate here:

https://medium.com/singularitydao/introducing-the-singularitydao-governance-token-generation-event-98b14089bf79?source=collection_home—4——0———————–

Or join the KYC directly: singularitydao.synaps.io

Make sure you own at least 1000 AGI tokens to be eligible for the community sale! 🙂

Q7 from Telegram User @vp089

Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?

MAC_o: We have been here since 2017 …. Pushing, building and growing. We will do the same for SDAO

Check out our team members, we are most definetly not an anonymous team of rgu pullers 😉

https://en.wikipedia.org/wiki/Ben_Goertzel

Q8 from Telegram User @amozee77

Do I need to do KYC registration to use your platform?

MAC_o: this is a FAQ – so let me re iterate…. just metamask or similar 🙂

Q9 from Telegram User

Is the tokenomics and distribution model already out? Where can I get them? Can you share the details with us here?Let’s get into some personal things. Can you tell us about your team members? How many team members do you have and what’s their qualifications?

MAC_o: https://icodrops.com/singularitydao/

dr. Ben Goertzel, whom I’m sure most of you know…..over 25years research AI, Mathematic PhD, over 250 scientific publications, chairman of Humanity Plus, one of the early founders of SingularityU and the father of Sophia’s AI

 Marcello Mari,  Director of Comms at SingularityNET and CEO of SingularityDAO.  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.

 Mario Alberto Casiraghi, MbA at ESCP, ex bankers, worked for Bank of America and Merry Lynch met Marcello in London while we were both building crypto communities.

SingularityDAO enjoys the expertise of all SingularityNET, with a marketing team of 10+ people, 3 AI research labs across the globe, one blockchain dev. lab and so on.

We also have some exclusive employees at SingularityDAO that are supporting us in building the ambitious project that SingDAO is!

Q10 from Telegram User @KASG95

I see that AI technology can be of great benefit in cryptographic and DeFi markets, but could it also be in NFT tokens? Can singularity improve the NFT market also with AI?

MAC_o: Welllllll……………… maybe you have seen what amazing job @Nevermind_AI has done with the help of Sophia

And this is just the beginning of AI driven NFT art 😉

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of SingularityDAO. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
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SingularityDAO Telegram – @SingularityDAO

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Muhammad kamran

That was nice AMA

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@kamran503

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