Nobitex has added FET and Singularity Net (AGIX) digital currencies, which are related to artificial intelligence projects, to its list of cryptocurrencies in the Riyal and tether markets of this platform
FET digital currency
According to the Iran digital economy annotation, Fetch.ai, abbreviated as FET, is an open-source, decentralized blockchain network that uses artificial intelligence and machine learning technology to accelerate the development and growth of the digital economy. This network connects various devices and services to the Internet of Things.
This network connects people, tools, and services to facilitate the transfer of information. The Fetch currency economy is built around service providers and consumers, and each service and ecosystem has its own goals and uses.
The FET currency development team claims that if these use cases are realized, it could revolutionize several industries. The most important industries that Fetch.ai aims to improve are smart cities, supply chains, transportation, smart parks, smart homes, collective learning, and any complex digital system that relies on large-scale data sets.
FET AI’s blockchain utility token is known as FET. Thanks to the extensive use of technologies such as Directed Acyclic Graph (DAG), Distributed Ledger (DLT), Smart Contracts, Machine Learning and Artificial Intelligence, FET AI is a unique project. Is.
The FET token supply cap is about 1 billion and 153 million units. Currently, 824 million units of these tokens are circulating in the market.
FET digital currency can be stored, sent and received in a variety of software wallets such as TrustVault, Mycelium, Exodus and Coinomi and hardware wallets such as Ledger, Trezor, CoolWallet and KeepKey.
This cryptocurrency is currently ranked 93rd in the Coin Market Cap, and while its peak price was 90 cents, it is currently being bought and sold in the range of 71 cents in reputable digital currency markets.
It is possible to buy FET digital currency and sell it in Riyal and Tetri markets in Nobitex.
Singularity Net Digital Currency (AGIX)
Singularity Net is a decentralized artificial intelligence platform built on two blockchains that host smart contracts, Ethereum and Cardano. This platform allows its users to create and share artificial intelligence products and services on this platform. Also, users can introduce these services to others on Singularity Net and earn money by monetizing their services.
In addition to artificial intelligence developers who create and sell their services on the AGIX platform, other users can also access the artificial intelligence services they need through this platform. These users can even request the services they want on the AGIX platform in a customized way, and artificial intelligence developers can earn money by providing the related service.
AGIX currency traded below $0.05 for two years from 2019 to 2021. In the bull market of 2021, the price of AGIX reached more than $0.50 on two occasions. In 2022, the price of this currency dropped again and reached below 0.05 dollars. But at the beginning of 2023, even though the digital currency market was in a downward trend, with the trending of artificial intelligence projects, the price of Singularity increased again and reached above 0.5 dollars. You can use the chart on this page to see the price of AGIX at the moment.
Singularity Net was launched in 2018 by two computer scientists named Ben Goertzel and David Hanson. Initially, the native token of this network was called AGI and was launched on the Ethereum blockchain. In 2021, it was announced in an announcement that the name of the native token of the network will be changed to AGIX and after that it will be compatible with the Cardano blockchain. The full native token transfer from AGI to AGIX was done in mid-2021.
Currently, the circulating supply of AGIX token is about 1 billion 250 million units and its total supply is about 1 billion 360 million units. The final supply of this token will not exceed 2 billion units.
While the total supply of this token was initially one billion AGI tokens on the Ethereum network, in 2021, in addition to increasing the supply, this token was renamed to AGIX.
Singularity Net is the first platform that makes it easy for developers to sell AI products. It also allowed buyers to test AI products before buying.
Using the AGIX platform’s native token known by the same name, users can browse, test, and purchase a variety of AI services. AI developers can use this platform to publish and sell their AI tools and easily track their performance.
In addition, Singularity Net users have the possibility to make their personalized requests for using special services related to artificial intelligence on this platform so that developers can develop and sell services and products based on the requests.
The AGIX currency has three main uses in the SingularityNET network. The main application is the use of AGIX in intranet payments. Buying and selling artificial intelligence based services in Singularity Net is done with AGIX currency. The second important use of this token is governance. Singularity Net is a governance network where network decisions are made based on the votes of native network token holders. In fact, AGIX token holders can play a role in network decisions according to the number of tokens they have.
In addition, AGIX currency has the ability to stake in the Singularity Net network. In addition to receiving rewards from staking the token, users of this currency also help to provide its liquidity.
Currently, it is possible to buy AGIX digital currency and sell it in Riyal and tether markets of Nobitex digital currency exchange.
Nobitex is the first and largest cryptocurrency exchange platform in Iran, which is trusted by nearly 6 million users in Iran.
In Nobitex, the assets of the users are kept cold and due to this issue, the possibility of losing the assets of the users is almost impossible. Also, the multi-signature withdrawal system from Nobitex’s cold wallet has minimized the possibility of abusing users’ assets.
The user interface of this platform is very simple and easy. In addition, it is possible to use the Nobitex testnet both on the site and in the Nobitex application for new users.
On the other hand, due to the large number of users and the number and volume of transactions, Nobitex has the depth of the market and high liquidity. Nobitex has provided its users with services such as accrual buying and selling and the possibility of using coefficients in these transactions. Nobitex support answers users’ questions 24 hours a day, seven days a week.
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