SingularityDAO is a decentralised, blockchain-based organisation focused on overseeing DynaSets-diversified cryptocurrency asset baskets that are managed dynamically by AI. Membership in the SingularityDAO system is determined by the SingularityDAO token (SDAO), which provides voting power. By applying AI-driven risk-management approaches to DeFi, SingularityDAO uses the advanced AI capabilities from SingularityNET.

The DAO enables participants to vote on proposals through liquid democracy, also called delegative democracy. This setup allows users to cast votes themselves, or to rely on delegation by assigning their token voting rights to another wallet that votes on their behalf.

In a democratic manner, SingularityDAO decides which DynaSets are available within the platform. It also holds authority to adjust the platform’s economic parameters and protocols, and even to revise governance mechanisms. At the beginning, only the SingularityDAO team can place proposals on the table, but that responsibility will shift to the wider community of token holders gradually across 5 phases.

The SingularityDAO Governance Token

The SingularityDAO Governance Token, SDAO, is an ERC-20 utility token issued on the Ethereum blockchain that provides access to the SingularityDAO protocol.

SDAO supports participation in governance by enabling holders to take part in voting events on the SingularityDAO protocol. Through multiple utility functions, the SDAO Governance Token can interact with the SingularityDAO Protocol smart contracts. The key utility functions are:

These actions can influence the protocol in multiple ways, including: