How to Buy SingularityNET (AGIX) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has SingularityNET, and is trustworthy!

You can find our top 3 exchanges for buying SingularityNET here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy SingularityNET

And of course, the final step is to find SingularityNET on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy SingularityNET (AGIX)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell SingularityNET

  1. Sign into the exchange
  2. Find where you stored your SingularityNET, either on a hardware wallet or on the exchange.
  3. Transfer your SingularityNET to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell SingularityNET.
Businessman looking at crypto trend

Considerations when looking to buy SingularityNET.

SingularityNET, a blockchain-powered platform, allows anyone to "create, share and monetize" AI services thanks to its worldwide-accessible AI marketplace.

Users can search, test, and buy a wide range of AI services through the SingularityNET Marketplace. They do this using AGIX, the native utility token of the platform. The marketplace is also a place where AI developers can publish and sell their tools and track their performance.

SingularityNET was the first to develop Sophia, an AI that is considered the "world's most expressive robotics". SingularityNET's goal for Sophia is to understand human language fully and to continue developing "OpenCog", an AI framework that can be used to achieve "advanced intelligence" (i.e. SingularityNET's goal is to enable Sophia to understand human language and continue developing "OpenCog" -- an AI framework that can eventually achieve a state known as "advanced general intelligence," i.e., human-level artificial Intelligence (or beyond).

The platform was announced for the first time in 2017. It completed its initial coin offering (ICO), raising $36 million in a matter of minutes.

SingularityNET is the only platform that allows developers to easily sell their AI tools and libraries. Buyers can also test any AI service offered on the marketplace to determine if it meets all their requirements before they make payment.

SingularityNET offers a Request for AI portal (RFAI) that allows users to request specialized AI services. Developers can also earn AGIX tokens for filling these requests.

With the SingularityNET ecosystem's development, the utility of the AGIX token evolved. SingularityNET's SingularityNET Enhancement Proposal feature (SNEP), was launched in October 2020. This allows AGIX holders the ability to vote on network operations changes. A staking feature, which allows users to stake their tokens, was introduced in March 2020.

SingularityNET has recently launched a joint venture called Awakening Healthcare, in collaboration with Hanson Robotics. This venture develops products that use AI for healthcare. Grace, a humanoid robot assistant for the healthcare sector, is its first product.