AGIXBT by Virtuals AGIXBT Price

What is AGIXBT by Virtuals (AGIXBT)?

AGIXBT by Virtuals is a cryptocurrency that integrates artificial intelligence capabilities into the blockchain ecosystem. It is built on the SingularityNET platform, which allows developers to create, share, and monetize AI services at scale. AGIXBT serves as a utility token within this ecosystem, enabling users to access various AI functionalities and services while facilitating seamless transactions between AI agents. As of early 2024, AGIXBT is gaining traction due to its unique proposition of merging AI with decentralized finance (DeFi), aiming to enhance efficiency and innovation in both fields.

Who are the Founders of AGIXBT by Virtuals?

AGIXBT by Virtuals is associated with the SingularityNET project, which was co-founded by Dr. Ben Goertzel, a prominent figure in AI research, and Dr. David Hanson, known for his work in robotics and human-like AI. Their vision is to create a decentralized marketplace for AI, where developers can contribute and monetize their AI solutions. The team behind AGIXBT is composed of experts from various fields, including AI, blockchain technology, and economics, aiming to foster collaboration and innovation in the AI and crypto sectors.

How does AGIXBT by Virtuals Work?

AGIXBT operates on a dual-token model, where it facilitates transactions within the SingularityNET marketplace. Users can purchase AI services using AGIXBT tokens, which are generated through staking and providing liquidity in the network. The process involves AI agents that can autonomously interact and transact with each other, minimizing the need for human intervention. This self-organizing system allows for efficient resource allocation and the rapid deployment of AI solutions. The platform leverages smart contracts to ensure transparency and security in transactions, making it a robust environment for both developers and users.

Top Use Cases of AGIXBT by Virtuals

• AI Service Marketplace: AGIXBT enables the buying and selling of a wide range of AI services, such as natural language processing, image recognition, and data analysis, facilitating a collaborative ecosystem for developers and businesses.
• Decentralized Finance (DeFi) Integration: Users can leverage AGIXBT for various DeFi applications, including yield farming and liquidity provision, enhancing the utility of AI services in financial markets.
• Automated Decision-Making: Businesses can utilize AI agents powered by AGIXBT for automated analysis and decision-making processes, improving operational efficiency and reducing costs.
• Data Monetization: Individuals and organizations can monetize their data through AI services, providing a new revenue stream while maintaining control over their information.
• Research and Development: AGIXBT supports academic and industrial research by allowing researchers to access and utilize AI tools, fostering innovation across sectors.

How to Keep your AGIXBT by Virtuals Safe?

To ensure the safety of your AGIXBT tokens, consider the following best practices:

• Use Hardware Wallets: Store your AGIXBT in hardware wallets, which are offline devices that provide enhanced security against hacking and malware.
• Enable Two-Factor Authentication (2FA): Always enable 2FA on any exchange or wallet that supports it to add an extra layer of security to your accounts.
• Be Wary of Phishing Attacks: Always verify URLs and avoid clicking on links in unsolicited emails or messages. Use official websites and apps to manage your tokens.
• Regularly Update Software: Keep your wallets and devices updated to protect against vulnerabilities and exploits.
• Backup Your Wallet: Regularly backup your wallet information, including recovery phrases, in a secure location to prevent loss of funds.