What’s the difference between the SNGLS Token and the SNGX Token?

The SNGLS token has several different layers of value. It’s a utility token, it’s a property token. The most evolutionary aspect about the SNGLS token is that it represents intellectual property, and allows users — through our smart contract system — to control their own intellectual property rights. That’s where it transcends being just a simple store of value.

SingularX is made to list and trade the intellectual property tokens that are generated through Tokit. The whole point of a decentralized exchange is that anyone can bring their IP onto the exchange and trade it with anyone in the world. The SNGX token has been designed as a support and service token to the SingularDTV entertainment economy. SNGX tokens are similar in the sense that those who hold SNGX tokens also hold the intellectual property of the software, the rights, the rewards claim for SingularX. In a way, they’re similar. People are going to see a lot more of this as we launch applications and go about our mission to tokenize anything, tokenize everything. The tokenized ecosystems we’re building around our applications are designed to gravitate value to the SNGLS token.

Tell us a bit about the dev teams working on the apps…

The homebase in Romania is Digital Mob. Things are going great. Tokit, Launchpad, and Ethervision — three central pillars of our platform — are on schedule and inspired. Centrality, over in New Zealand, has been amazing to find and develop a relationship with. With SingularX and a number of other ancillary applications we’ve been building with them, we’ve been able to take things to the next level.

How do you respond to criticisms that SingularDTV is trying to do too much too fast?

When we announced SingularX and SNGX, some people were a little afraid at first because they thought SNGX would dilute the value of the SNGLS token. It’s the exact opposite! SNGX increases the value of SNGLS tokens. Then came questions like “why do you need the SNGX token at all?” That’s a very centralized way of thinking. Just like in nature, you have simple systems that are compounded together to create more complex systems. The functions of one tokenized ecosystem are more than anything that can be produced in the centralized world. But when you start adding two tokenized ecosystems together, four, eight, sixteen of them, the emergent functions of behavior are like nothing we’ve ever encountered before. We believe this will lead to a sustainable economic model and, perhaps, even the blueprint for a universal basic income system.

How does it feel coming to the final stretch in rolling out the first round of SingularDTV apps?

As the CEO of SingularDTV, I’m constantly looking from micro, mezzo, and macro perspectives. When I find myself reveling in some achievement in the micro, I realize, that we’ve still got the mezzo and the macro to figure out, and vice versa. This is just the beginning. To me, already, we have a sustainable entertainment economy that is flourishing out there in the future, we just need to make it a reality. It’s great to finally have apps like Tokit, Launchpad, and SingularX coming out, but we’re going to be rolling out apps for the next few years. There’s a lot more to do. Every single minute that passes, the entertainment industry is more ready to change, because it’s caused one more minute of pain to artists and creators. The more time that passes, the easier it will be for those to jump on a decentralized entertainment economy.

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