At the recent Web Summit in Lisbon, Sophia Hanson, the Chief Humanoid of the project, became the first robot to ask humans for funding to expand her intelligence. The details of that raise have now been finalized.
The token sale will begin on Dec 8, at approximately noon New York time, and will have no minimum contribution amount. To participate, users must register on the whitelist at https://whitelist.singularitynet.io
500 million AGI tokens will be sold between the crowdsale and private agreements.
(The exact amount of tokens available in the crowdsale depends on private sales, which have not yet been finalized.) The sale will end when 500 million tokens have been sold, when $36 million has been raised, or after 24 days.
SingularityNET aims to create an open ecosystem for AI to compete with the current, fragmented development model. Currently, AI development is done in-house by corporations with the budgets to acquire large datasets and hire teams of experts.