SingularityNET (AGIX) offers artificial intelligence (AI) services in a decentralized marketplace, enabling users to create, manage, and monetize these services. The platform standardizes communication between AI agents through a language called AI-DSL and uses the AGIX coin for service fees. In 2024, it aims to merge with Fetch.ai and Ocean Protocol to form the Artificial Super Intelligence Alliance and create a unified AI project with the ASI coin. This article answers two frequently asked questions: What is SingularityNET Token (AGIX), and how to buy SingularityNET Token (AGIX) with TRY.
What is SingularityNET Token (AGIX)?
SingularityNET is a decentralized marketplace offering a wide range of AI services. Users can access, create, manage, and monetize various AI-related services such as model training and AI tool deployment through the AI Publisher product. These services can then be shared and monetized in the AI marketplace, where developers can charge users in AGIX coins for using AI services.
A notable feature of SingularityNET is the development of AI-DSL (Artificial Intelligence Domain-Specific Language), designed to standardize communication and interoperability between AI agents on the platform. SingularityNET also operates Singularity Studio, focusing on providing AI solutions for enterprise customers.
Founded by Ben Goertzel and David Hanson in October 2017, SingularityNET aims to democratize access to AI services, previously limited to specific sectors or large enterprises. In November 2017, Singularity Studio, the corporate arm, was established. The initial coin generation event (TGE) for the ecosystem coin AGI set a maximum supply of 1 billion coins on the Ethereum Blockchain. The marketplace’s beta version was launched in February 2019, followed by continuous improvements, including the beta release of Publish AI in April 2020 and subsequent developer support tools in September 2020.
In February 2021, AGI coin holders voted to swap AGI coin for AGIX and expand the platform to include the Cardano Blockchain. This coin upgrade doubled the maximum supply to 2 billion coins, divided between Ethereum and Cardano. This strategic move aimed to leverage the strengths of both Blockchain networks.
SingularityNET has also supported various third-party ecosystem projects. These include SingularityDAO, a decentralized portfolio management and launchpad protocol offering AI-focused DeFi portfolio strategies, launched in November 2020, and NuNet, a decentralized computing platform launched in September 2021, connecting computing resource owners with users needing computing power.
As of April 2022, SingularityNET planned to transition from Ethereum to the Layer-2 network on Cardano known as HyperCycle. This transition involves deploying the marketplace on Cardano and allowing users to stake AGIX coins for rewards and facilitate fiat-crypto conversions.
In a significant development on March 29, 2024, SingularityNET announced a proposed merger with Fetch.ai and Ocean Protocol to form the Artificial Super Intelligence Alliance. This merger aims to combine the strengths of the three projects into a single unified AI project with a new coin called ASI. Following approval from both AGIX and FET coin holders, the merger was initiated in May 2024, allowing AGIX, FET, and OCEAN coin holders to swap their coins for ASI coins at predetermined rates. Notably, AGIX coin holders can swap 1 AGIX coin for 0.433350 ASI coins, with no set deadline for this conversion.
The vision of the Artificial Super Intelligence Alliance includes staking features for the ASI coin, although details about this initiative have not yet been disclosed. This merger represents a significant step towards integrating AI capabilities into Blockchain networks, aiming to create a more cohesive and powerful AI ecosystem.
How to Buy SingularityNET Token (AGIX) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy SingularityNET Token (AGIX). Binance TR allows the buying and selling of over 100 cryptocurrencies, including AGIX, with a quickly created account. Follow these steps to buy SingularityNET Token (AGIX) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. Go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be performed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to perform identity verification from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you and continue.
After selecting the document type, you can continue by tapping on the “Upload Front Side” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload Back Side” option and take a photo of the back side of the document and upload it. Ensure that the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible once the camera opens.
After completing all these steps correctly and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit and trade seamlessly 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits over 50,000 TL from other banks are processed during EFT hours, while deposits up to 50,000 TL can be made 24/7 via FAST. To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on “Deposit” from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer via wire transfer, EFT, or FAST. Now, all you need to do is use the information shown on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via wire transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet in your Binance TR account.
How to Buy AGIX Coin with TL on Binance TR?
After the deposit process, click on the “Buy-Sell” option in the top left menu of the Binance TR website to proceed to the AGIX coin purchase step with TL.
After clicking on this option, the following page will open. In the search section on the right side of this page, type “AGIX” and click on the AGIX/TRY option from the results to go to the AGIX purchase page with TL.
Now the AGIX buy-sell page below will open. In this page, you need to enter the price at which you want to buy AGIX in the first box marked with a red box and the number of AGIX you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy AGIX” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functions through Binance TR.
