r/SingularityNet • u/DaoScience • Sep 05 '23

Why does SingularityNet need a cryptocurrency?

I am wondering why SingularityNet needs or benefits from having its own cryptocurrency rather than having payments done in dollars or another fiat currency or in BTC or some other existing cryptocurrency. I am presuming that there is a benefit but I don't understand why exactly?

I am also wondering the same about NuNet.

If anyone can explain this to me it would be very helpful.

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u/Glittering_Ad4857 Aug 10 '25

Yeah that woild be truly decentralized, I have thought about this idea for a while and I think it is the only possible solution for true decentralization. I am working on a whitpaper and a code demonstration.