Thread by @SingularityNET

#SingularityNET Ecosystem Highlight

We’re fostering a broad ecosystem of thriving projects to accelerate the adoption & growth of the platform. And this is just the beginning...

Introducing @CogitoProtocol: A decentralized and AI-driven stable asset - Powered by #SingularityNET

@CogitoProtocol 1/ @CogitoProtocol is a project that offers a ""stablecoin-as-a-service"" framework, allowing for the creation of an entirely new class of digital assets with low volatility called #Tracercoins

#blockchain #decentralizedAI

@CogitoProtocol 2/ Unlike traditional stablecoins, which are typically pegged to a single fiat currency or commodity, #Tracercoins maintain their stability by soft-pegging to non-financial indices that represent progress along various developmental fronts.

https://twitter.com/bengoertzel/status/1627827023329501186?s=20

@CogitoProtocol 3/ These indices are constructed from macro data that reflect genuine progress in areas such as environmental and technological advancement. They are strongly resistant to manipulation and fluctuate moderately, providing fair and independent measures of value.

@CogitoProtocol 4/ Green Coin (or GCOIN) will be launched to trace a green index that measures positive progress towards a net-zero economy. GCOIN will be pegged on a 1:1 basis to the Green Index, which tracks green indicators reflecting environmental progress, e.g., CO2 emission.

@CogitoProtocol 5/ The GCOIN, along with future coins in the Cogito #Tracercoin family, will be regulated by the native ecosystem token: the CGV token. This token will be used for both governance and supporting the algorithmic stabilization mechanisms.

@CogitoProtocol 6/ @CogitoProtocol aims to develop different products for usage across DeFi and conventional businesses. Different Cogito tokens may have different quantitative and qualitative properties, but there will also be a common set of features.

@CogitoProtocol 7/ Users will always be able to trade the #Tracercoins within specific boundary values (the indices' boundaries). @CogitoProtocol Tracercoins can more effectively fulfill classic blockchain use cases, such as storage of value and payments, than fiat-dependent #stablecoins.