Deep Funding Round 2 and Loyalty Rewards — Voting Event Results#
Hello there, We are very excited to share what many of you have been waiting for: The results of the voting event for the second Deep Funding round and the Loyalty Rewards pool.
We will start with the second Funding Round. Although this is only our second funding round, we have already seen a lot of progress and a lot of innovation taking place:
From a quantitative perspective:
- The number of proposals submitted has almost doubled in volume
- This round, we had 467 individuals (wallet IDs) representing a total of 611 Wallets, compared to 158 separate wallets in round one.
- The total amount of funds available was lower in Round 1, but we still count 17 awarded projects, compared to 12 in Round 1.
From an innovation perspective:
This is the first time our voting portal supported both AGIX tokens on Cardano and AGIX on Ethereum. We created a wallet linking tool that we hope to utilize more often for activities like this. Furthermore, after successful testing in our (first) Governance round, we now introduced quadratic voting and reputation-based voting weight in this Deep Funding round. We also introduced several new pools partly as a result of that previous Governance round.
Last but not least, from an organizational perspective, we successfully implemented a community-relied eligibility review process and a first ‘peer review’ proposal process, executed by the awarded teams from round 2. And this list is not even complete!
We are very proud of what we have achieved so far and incredibly grateful to all community members that joined us and the proposing teams in the past weeks and months. To all community members that spent time and effort reviewing the proposals and giving valuable feedback, to the team that stepped up and helped us evaluate proposals based on our formal conditions, to the awarded teams from round one that volunteered to help peer review our proposals and last but not least, to all community members that struggled to connect their wallets and cast their votes. We owe you all a BIG THANK YOU!
We will of course compensate our most active community members based on the reputation points they have collected in this round with some AGIX. Details on this matter will be provided after we have dived into the results of this round and shared our analysis of the process.
Below, find a listing of all teams that have been awarded with the amount they requested. Details about the results and scores of all participating projects can be found in this sheet .
Group A — New projects
Title: Integration of Mainstream Open-Source AIs
Proposer: Eric Duneau
Amount awarded: $39.500
Title: SIBYL: The General-Purpose Forecaster
Proposer: Kevin RC
Amount awarded: $84.000
Title: Automated HuggingFace to SNET Pipeline
Proposer: Soubir Acharya
Amount awarded: $75.000
Title: Connecting SingularityNET to DataUnion.app
Proposer: Robin Lehmann
Amount awarded: $75.000
Group B — Existing AI services
Title: Onboard NeuralProphet: a hybrid time-series forecasting library
Proposer: Kevin RC
Amount awarded: $14.000
Title: GPT for sNET & Cardano
Proposer: Singularity Swarm
Amount awarded: $15.000
Title: Computer vison based farm status and recommender system
Proposer: Ubio Obu
Amount awarded: $20.000
Title: Upgrade of the Stable Diffusion service
Proposer: Eric Duneau
Amount awarded: $13.500
Title: Knowledge-Based Question Answering System
Proposer: Mukhtar A.Algezoli
Amount awarded: $20.000
Group C — Projects in idea stage#
Title: Community based mentorship
Proposer: Harry Hellyer
Amount awarded: $2.400
Group D — Marketing initiatives
Title: Developer Relations Campaign for SingularityNET
Proposer: Anthony Olik Amount awarded: $5.000 Read more
Title: Improve Deep Funding Social Media & Publicity
proposer: Mauro Andreoli
Amount awarded: $4.300
Title: SNET 360 events at the universities
Proposer: Cardano2VN
Amount awarded: $9.890
Title: Building Community Town Halls
Proposer: Singularity Swarm
Amount awarded: $4.000
Group E — Tooling
Title: Community Contribution Scores
Proposer: William Thistleton
Amount awarded: $37,472
Title: Acquiring insight by using ML and a Jupyter notebook with direct access to Blockchain data.
Proposer: Federico Weill
Amount awarded: $25.000
Title: Agreement Building Platform
Proposer: Aharon Porath
Amount awarded: $5.000
We are excited to welcome these projects and their teams into our family of awarded teams!
Loyalty Rewards — Community Governance
The governance event not only addressed Funding Round number two but also the question of how to allocate the Phase Two token Loyalty Rewards pool.
As a reminder, this is what the Phase Two plan says about this:
The usage of the Loyalty Rewards token pool after the first year can be changed via democratic vote by token holders. –
The first question asked directly: Do we want to change the current hardfork snapshot requirement for loyalty rewards eligibility? The answer was, with 4,124,352 tokens (13%) in favor and 27,550,384 tokens (87%) against. The results indicate very clearly NOT to change the current hardfork requirement or pool allocation, so in simple terms, that is what we will be doing.
Due to the nature of the questions, depending on whether or not we would want to change anything to the current hardfork requirements in the first place, the follow-up questions and their answers became irrelevant. We will provide a short overview: On the snapshot timing, if it would not be based on the hardfork, then a hierarchy for multiple phases would be favored (92%).
On the allocation of the pool, a strong preference was indicated to keep things as they are, with all proposed alternatives receiving a majority NO vote to allocating the pool to that bucket. In order of popularity, the alternative allocations would have been as follows: Ethereum staking rewards, Cardano staking rewards, Ambassador Program treasury and finally LP incentives.
Before the governance event took place, it was discussed and agreed to reconsider the allocations one year from now, to potentially revisit it. This will be after the Year 2 allocation has been distributed.
A community call to discuss the community governance results is planned for Monday, April 3, 18 UTC, on our Discord server . This will be recorded and made available on our Youtube channel. The results are very clear and the discussions about interpretation will be straightforward. We feel it is good to create the opportunity to share thoughts in an open call setting, so we hope to see you join.
We want to send a special thank you to all those that participated in the discussion sessions and those that voted!
