CandleFocus SingularityNET Enhances FET Token Utility with Staking Feature
2024-10-10
Author: Content Editor
Decentralized AI platform SingularityNET has made their FET token more accessible to investors by enabling staking on their SingularityDAO dApp. The company is also working on a new staking pool to support CNT-FET (ASI) on the Cardano network. SingularityNET's CEO, Ben Goertzel, explained that Cardano was chosen for the deployment due to its efficiency, speed, low cost, and high security. The FET token has suffered a significant price decline in line with the broader crypto market. However, the token's rebrand to ASI as a native Cardano token aims to improve functionality and integration across the Cardano ecosystem.
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