AGIX AGX Price

What is AGIX (AGX)?

AGIX, formerly known as SingularityNET Token, is the native cryptocurrency of the SingularityNET platform, designed to facilitate decentralized AI services. Founded in 2017, SingularityNET aims to create a marketplace where AI algorithms can be bought and sold using AGIX tokens. The platform allows developers to publish their AI services and applications, making it easier for businesses and individuals to access advanced AI technologies. As of 2024, AGIX operates on multiple blockchain networks, including Ethereum and Cardano, enhancing its scalability and interoperability.

Who are the Founders of AGIX?

The AGIX project was co-founded by Dr. Ben Goertzel, a prominent figure in AI research and the CEO of SingularityNET, alongside Dr. David Hanson, the founder of Hanson Robotics, known for creating the humanoid robot Sophia. Dr. Goertzel has a background in cognitive science and artificial intelligence, and his vision is to democratize access to AI technology. The team also includes various experts in AI, blockchain, and entrepreneurship, striving to create a robust ecosystem for AI development.

How does AGIX Work?

AGIX operates on a decentralized network where AI developers can create, share, and monetize their AI services. The platform utilizes smart contracts to facilitate transactions between service providers and consumers, ensuring transparency and security. Users can pay for AI services using AGIX tokens, which can also be staked to earn rewards. The platform employs a unique AI marketplace model, allowing services to be rated and reviewed, ensuring high-quality offerings. By integrating with multiple blockchains, AGIX enhances its operational efficiency, enabling seamless interactions across different platforms.

Top Use Cases of AGIX

• AI Service Marketplace: AGIX enables developers to offer their AI solutions, which can range from machine learning models to data analytics tools. This allows businesses to access advanced technologies without extensive development costs.
• Decentralized Autonomous Organizations (DAOs): AGIX can be used to power DAOs that focus on AI research and development, enabling community-driven projects that leverage collective intelligence.
• Staking and Governance: Holders of AGIX tokens can stake their tokens to participate in governance decisions regarding the platform's future, influencing development priorities and funding allocations.
• Interoperability with Other Blockchains: As AGIX expands its reach, it facilitates cross-chain interactions, allowing for a broader adoption of AI services across various blockchain ecosystems.
• AI-Enhanced Applications: Developers can integrate AGIX-based AI services into their applications, creating innovative solutions in fields such as healthcare, finance, and logistics.

How to Keep your AGIX Safe?

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

• Use Hardware Wallets: Store your AGIX in hardware wallets like Ledger or Trezor, which provide offline storage and enhanced security against hacking.
• Enable Two-Factor Authentication (2FA): Always use 2FA on exchanges and wallets to add an extra layer of security to your accounts.
• Keep Software Updated: Regularly update your wallet software and any applications used to manage your crypto assets to protect against vulnerabilities.
• Be Wary of Phishing Attacks: Always verify the authenticity of websites and communications claiming to be from exchanges or wallet providers before entering sensitive information.
• Diversify Storage: Consider spreading your AGIX holdings across multiple wallets to reduce risk, ensuring that not all your assets are in one place.