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SingularDTV

SNGLS
$0.000402
24H %
0.00%
24H Low
$0.00
24H High
$0.00
TO

Linear
Log
Market Cap
402,100
24H Volume
33.34

Price

24H Open
$0.000402
24H Change
$0
52 Week Low
$0.000400
52 Week High
$0.049502
All Time High
$0.435405
Returns (YTD)
-89.37%

Market Stats

Total Supply
$1.00B
Max Supply
n/a
24H Value Transacted
n/a
30D Volatility
n/a
24H Transaction Count
n/a
24H Average Transaction Fee
n/a

About SingularDTV

Category

Application token


Value Proposition


SingularDTV (SNGLS) is a blockchain platform that is designed to build the infrastructure for a decentralized entertainment industry. SNGLS is the native cryptocurrency for the SingularDTV blockchain, with each token representing a share in intellectual property (IP) of S-DTV: film, television and software projects.
The platform’s goal is to create a film and television distribution platform that is “transparent, and somewhere where artists and creators have control of their IP,” according to the platform’s website.
It is split into two sections: the centrally organized distributed entity (CODE), which is a new form of structure for an organization, and the smart contract system, which is the decentralized component.
SNGLS Price
SNGLS, which was launched in October 2016, reached its all-time high of $0.435405 in January 2018. But the price action has been choppy since then and is down since its high from almost four years ago.
How SingularDTV works
SingularDTV is built on the Ethereum blockchain and operates using a proof-of-stake system run by the CODE. That is similar to a decentralized autonomous organization (DAO) in that token holders are entitled to receive dividends from the profit generated by the platform. Unlike a DAO, however, SNGLS is centrally managed, meaning token holders don’t have voting rights or a say in the future development of the platform.
The SNGLS tokens themselves represent intellectual property and are considered tokenized assets, but they can also serve as utility tokens and be used to pay gas fees when performing smart contract-based functions.
Key Events and Management
SingularDTV was conceived in 2013 by co-founders Zach LeBeau and Kim Jackson. One year later, Joseph Lubin – one of the original founders of Ethereum – joined as the company’s third co-founder and chief technology officer, followed by Arie Levy-Cohen as its last co-founder in 2015.
In October 2016, the SNGLS token officially launched via a public token sale that raised 580,000 ETH, which at the time was worth about $7.5 million.
Market Analysis
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