The AGI Token is the native cryptocurrency of SingularityNET, a decentralized AI marketplace that enables AI services to be shared, monetized, and coordinated at scale. The AGI Token serves multiple important functions within the SingularityNET ecosystem.

One of the primary use cases of the AGI Token is as a medium of exchange for accessing and utilizing AI services on the SingularityNET platform. Users can use AGI Tokens to pay for AI services, such as image recognition, natural language processing, and predictive analytics, provided by various AI agents on the network.

Moreover, the AGI Token is utilized for staking and governance within the SingularityNET ecosystem. Token holders can stake their AGI Tokens to participate in the network's consensus mechanism, secure the platform, and earn rewards for their contribution. Additionally, AGI Token holders have the opportunity to engage in governance activities by voting on proposals, shaping the platform's development, and influencing decision-making processes.

Furthermore, the AGI Token incentivizes AI developers and providers to create and deploy high-quality AI services on the SingularityNET marketplace.