SingularityDAO
Crypto Overview
Project Overview
SingularityDAO is a decentralized portfolio management protocol built on Ethereum that leverages AI and machine learning to optimize cryptocurrency trading strategies. The project aims to make DeFi investing more accessible to mainstream users through AI-powered portfolio management and yield strategies.
Intended Utility
The SDAO token serves multiple purposes: governance rights over the protocol, access to AI-powered trading strategies, and revenue sharing from protocol fees. Token holders can participate in decision-making regarding protocol upgrades and parameter adjustments.
Actual Implementation and Usage
The platform currently operates DynaSets, which are actively managed portfolios of crypto assets guided by AI trading strategies. These portfolios allow users to gain exposure to diversified crypto investments while benefiting from algorithmic trading optimization.
Development Activity
The project maintains active development with regular updates to their AI models and trading strategies. The team consistently releases new features and improvements to the platform's functionality.
Token Distribution
Initial token distribution allocated 43% to the community and public sale, 25% to the team and advisors (with vesting periods), 20% to the ecosystem fund, and 12% to liquidity mining rewards. Team tokens are subject to a 3-year vesting schedule with a 1-year cliff.
Revenue Model
The protocol generates revenue through management fees from DynaSets (2% annual) and performance fees (20% of profits). These fees are distributed between the protocol treasury and SDAO stakers.
Crypto Impact
To assign a comfort level investing in SingularityDAO from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SingularityDAO.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.