What is SingularDTV (SNGLS)?
Future of SNGLS Cryptocurrency and know how to buy SNGLS

#1 What is SingularDTV?

SingularDTV: The Basics

Imagine a platform that empowers artists and creators to directly transact with their consumers and audience, a decentralized entertainment industry. If you’re an artist this probably sounds too good to be true, but this is exactly what SingularDTV has created on the Ethereum network.

  1. SingularDTV is a blockchain entertainment studio building the future of rights management for artists, with peer to peer distribution and project funding capabilities.
  2. A ConsenSys venture, it is a content production and distribution platform built on Ethereum.
  3. The goal is not only to create and broadcast quality film and TV content but also to reshape the entertainment industry into a more fair, efficient and transparent business thanks to blockchain and smart contract technology
  4. Arie Levy-Cohen, Kim Jackson, Zach Lebeau and Joseph Lubin, the founders of this platform Kim Jackson, the President of the platform’s entertainment wing said, “In the future users are going to pay for movies with their credit cards – and that directly to the artist.”

 

#2 What are the Benefits of SNGLS?

SNGLS Technology

  1. SNGLS’s concept is based on 11 modules, some of which are already available as features on the platform, but some of which will not be released until late 2018 or 2019.
  2. These modules are: Tokit, Decentralized Exchange, Codex, Launch Pad, Legal Repository, Production Service/Crew, Equipment Rental, Talent Management, Marketing, Union Interface and EtherVision.
  3. Not all of these modules are programs or apps, some of them are pure service offerings from the company.
  1. SNGLS seeks to provide transparency for content creators, and relies on a tokenized Smart Contract System - these tokens are a localized cryptocurrency called SNGLS. These SNGLS tokens represent a share in the Intellectual Property (IP) of SingularDTV; a total 1 Billion SNGLS tokens will be issued 50% of which will be made available to public, 40% to be held in a Storage Vault, and the 10% remainder distributed amongst the main investors of SingularDTV.
  2. The Storage Vault is purposed to maintain a fund that is continually reinvested into the platform, the dividends from this fund are allocated to the Workshop.
  3. The Workshop is in charge of converting, spending and managing the Ether dividends. It also collects the crypto revenue, sends it to the vault and the Smart Contract System then allocates the SNGLS and IP revenue to the token holders.
  4. Since the DAO hack, the primary concern for any blockchain platform has been security, especially for one that is built on the Ethereum network. SNGLS tokens don’t have voting or splitting functions, which makes them inherently safer than the DAO.
  5. SingularDTV also employs a security mechanism called The Guard. Additional efforts have been made to ensure the Smart Contract System is flawless, they have also offered a 30BTC bug bounty to hackers who discover exploits within the system.
  6. The platform is aimed towards the creation of new monetization methods, which will in turn eliminate the monopolistic nature of the market that often harms artists and filmmakers.

 

#3 How to Buy and Store SNGLS?

How to buy SNGLS

  1. SNGLS is traded on 8 exchanges, including popuar ones such as OKEx, and Binance. There’s only one instance of a fiat pairing available, with all the other pairings binked linked to cryptocurrencies such as BTC and ETH. This means users may have to compare rates across different pairings and exchanges before making trades.
  2. Of course, an easier way to buy SNGLS is to use CoinSwitch, the largest cryptocurrency conversion platform. CoinSwitch aggregates rates across cryptocurrency exchanges all at one place, allowing users to pick and choose the most favorable rates for them.
  3. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your SNGLS coins. Instead, all transactions happen to and from your own personal private wallets.

How to store SNGLS

  1. An Ethereum lightwallet has been developed to facilitate the crowd sale of SNGLS, and for users to manage their tokens, since SNGLS is an ERC20 token.
  2. A video tutorial created by the SingularDTV team on how to use the lightwallet is also available.
  3. But all other Ethereum wallets should work well as SNGLS wallets as well. Popular ones include MyEtherWallet, Mist and more.

 

#4 What is the future of SNGLS?

  1. SNGLS has been in the market since 3rd Oct 2016, it has seen its share of ups and downs, it too shares inherent volatility of the cryptocurrency market.
  2. It launched at a price of $0.019288. As of July 2018, it trades at a price of $0.037646.
  3. SNGLS seems to be on the decline and is at a low point in the year, which could make it seem like an opportune moment for investors to to get in.

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Price History (YTD)

Date

Open

High

Low

Close

Volume

Market Cap

16 July 2018

0.036035

0.038805

0.035631

0.038805

233,427

21,620,900

1 July 2018

0.034357

0.039162

0.033714

0.038941

878,006

20,614,300

1 June 2018

0.064208

0.065191

0.062766

0.064312

450,938

38,524,900

1 May 2018

0.117928

0.118322

0.107131

0.115903

3,849,300

70,756,600

1 April 2018

0.056100

0.060777

0.051160

0.053046

1,844,100

33,659,900

1 Mar 2018

0.109214

0.125210

0.108271

0.119866

2,388,520

65,528,600

1 Feb 2018

0.213194

0.219565

0.163484

0.175935

1,526,730

127,917,000

1 Jan 2018

0.255396

0.318804

0.238143

0.316776

8,133,230

153,238,000

 

#5 How is SNGLS different from other cryptocurrencies?

  1. The security of SNGLS, since it doesn’t have voting or splitting functions, make it safer. It’s additional security measures: The Guard, and the 30BTC bug bounty are all welcome additions to its commitment to security.
  2. The platform is focused on reinvesting in itself, and its dividend structure is uncommon, although not unique model in the cryptocurrency world.
  3. SNGLS aims to be more than just a cryptocurrency. It hopes to be the future of a decentralized media structure.

 

#6 Should you invest in SNGLS?

  1. Due to its slump since the start of this year, it may seem like poor investment choice, but that may not be all you need to dismiss it. A careful scrutiny of this crypto may be necessary to take an investment decision.
  2. Bitcoin and Ethereum both are currently quite saturated, and it might take a while for them to grow exponentially the way they have in the past, given that they are already quite expensive cryptos. This is especially true for BTC.
  3. SNGLS, on the other hand, is at it’s germination stage and still has plenty of potentials if we look at the price and market cap alone.
  4. Setting up a decentralized entertainment studio seems like the future, and this seems like the moment to get in on it when it is still in its nascent stage.
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