It’s been some tough months for the crypto market – with Bitcoin recording consecutive losses in an unprecedented number of weeks.
And the decentralized autonomous organization behind DeFi’s crypto portfolio powered by artificial intelligence says the current crisis illustrates why retailers need cutting-edge tools to stay ahead of the game.
SingularityDAO’s flagship product, DynaSets, underwent closed beta testing between December and March – and now testing continues in the open.
At the end of June, the V1 will be officially launched, and will be completed by overhauling its user interface – giving DynaSets users an intuitive experience accompanied by lively branding.
While only a long-term trading strategy was used during the beta phase, the team will introduce options to shorten the market and apply leverage to trades during the launch of V1.
After closing the beta, all three DynaSets beat the market by over 15%, surpassing many leading crypto funds. Although the current open beta has yet to be completed, the figures strengthen Dynaset’s effectiveness and their ability to protect property during bear markets.
SingularityDAO CEO Marcello Mari told Cointelegraph: “Current market conditions clearly show the need for decentralized artificial intelligence-based asset management solutions to support decision-making.
“This should be available to everyone, not just those who can afford and access enterprise-level trading tools. DynaSets’ results are extremely encouraging and show us that we are on the right track, especially with the release of our advanced V1 platform. ”
The issue of access is important, especially in the world of digital assets, which is designed to be a level playing field where everyday investors have the same opportunities as those with millions of dollars in a bank.
How does it work?
SingularityDAO says its dynamic asset manager is driven by artificial intelligence – tracking market trends and managing assets. DynaSet transactions are pooled to ensure that users end up spending less on transaction fees.
Other features include investing, not to mention an unrelated investment program which means users can withdraw their tokens at any time. While this latter feature may not offer the biggest rewards, it can offer the peace and much-needed flexibility given the turbulence we are currently seeing in the market.
Elsewhere, the SingularityDAO Launchpad displays only the best new products – from its own ecosystem, as well as interesting external concepts.
MORE INSIGHTS FROM SINGULARITYDAO HERE
Become a chain agnostic
Over time, SingularityDAO says it has the ambition to become a chain agnostic – giving users the freedom to bridge any chain they want. This is a much-needed boost when it comes to interoperability and the elimination of silos that have emerged in the world of blockchain.
Looking ahead, the DeFi dashboard will ensure that users can benefit from “advanced insights” into their portfolios – separating the signal from noise and detecting trends that other data platforms may have missed. Knowledge is power, and markets with a bear are opening up new challenges for investors struggling to protect their capital.
In May 2022, SingularityNET and SingularityDAO secured $ 24 million from LDA Capital Limited to accelerate their product plan and ensure wider application of AI tools. The statement said the figures suggested the global market for artificial intelligence software would reach $ 126 billion by 2025.
DynaSet on the BNB chain should be launched by the end of June – and as we go into the third quarter of this year, AI automated DynaSet should be launched for the first time, rebalancing between tokens automatically using trading bots while ensuring traffickers are constantly up to date. DynaSets will also make its debut on EVM compatible blockchains such as Avalanche.