SingularityNET (AGIX) has been one of the hottest cryptocurrencies in early 2023, with the price surging over 300% year-to-date. As the first AI-focused crypto project, SingularityNET aims to create an open AI marketplace where anyone can create, share, and monetize AI services. With increasing interest in AI, blockchain, and machine learning, many investors are looking for ways to gain exposure to SingularityNET’s growth potential. Here are 3 common methods investors can use to invest in SingularityNET.
Purchase AGIX tokens on cryptocurrency exchanges
The most direct way to invest in SingularityNET is to buy the AGIX tokens and hold them in a cryptocurrency wallet. AGIX is currently traded on major exchanges like KuCoin, Gate.io, and OKX. Investors can fund their exchange accounts with fiat currency or other cryptos like Bitcoin and Ethereum, and then trade these for AGIX tokens. The process is similar to buying other cryptocurrencies. Of course, proper security measures like two-factor authentication and cold storage wallets should be used to protect the investment.
Stake AGIX tokens to earn rewards
SingularityNET allows AGIX token holders to stake their tokens and earn staking rewards. Staking helps secure the network while rewarding participants. Typical staking rewards are around 25-30% APY currently. Investors can stake through SingularityNET’s official wallet or on supporting exchanges like KuCoin. Staking doesn’t require locking up tokens long-term, so it provides flexibility to earn yields while retaining the option to sell anytime.
Invest in AI funds with exposure to SingularityNET
Some investment funds provide exposure to SingularityNET and other AI cryptocurrencies. For example, the AiX Bitcoin Fund allocates part of its portfolio to AI and crypto companies including SingularityNET. Such funds let investors get diversified exposure to the sector rather than betting on individual tokens. They also benefit from the fund manager’s expertise in evaluating and managing the investments.
With AI and crypto gaining momentum, SingularityNET provides an intriguing way to invest in their intersection. AGIX tokens, staking, and AI funds offer different options for investors to gain exposure suited to their risk profile and preferences. But thorough research and an understanding of cryptocurrency risks remain vital before investing.