SingularDTV's mission is to build a decentralized entertainment industry. In September 2019, SingularDTV announced the development of a community autonomous decentralized organization: TheSNGLSDAO. SNGLSDAO will provide non-profit management of the SNGLS media distribution agreement. SNGLSDAO will be established by SingularDTV, with the goal of assisting the development of SNGLSDAO, making it an independent and objective organization, adhering to the purpose of decentralization, and establishing a media distribution agreement truly owned by the community.

1. Application scenarios

In SingularDTV's ecosystem, users will create and consume in various ways. The opportunity to earn spending rewards through the Entitlement Management Portal or any of SingularDTV's modules is a natural economic effect of "human action" transactions through the SingularDTV ecosystem. SNGLS tokens can claim these rewards programmatically: users can get them through consumption or creative participation. Users privately share some excellent content through the instant network, which can be converted into SNGLS tokens under natural circumstances.

These rewards are complementary and mutually supportive. They bring together all the naturally and instinctively occurring human economic activities that are often the driving force behind the successful development of ecosystems. It will help with the growth that SingularDTV needs to expand into Phase 3. As we originally envisioned, SingularDTV and our SNGLS token are envisioned to be tools for freedom, control, transparency, and independence for creators around the world —   surrounded not by technology, but by economic gardens where users can selectively consume interesting and innovative content.

2. SNGLS Token Functions and Incentives

SNGLS is the native token of this ecosystem. It is used in DAO to approve or reject the voting rights of platform upgrades, to pay content online and upload fees, financial management, etc. SNGLS can also be used as collateral for content mining operations, which can determine the right to put or remove content on the platform.

In our system, there are five types of participants who can obtain different incentives for different applications on our platform, so that our ecosystem can be balanced (the participants are listed in no particular order):
1. Users: Purchase and watch content
2. Content creators: Provide new content for the system
3. Verifiers: Can exercise voting rights and vote to decide what content can be added to the system
4. Development People: keep the platform running
5. Third-party service providers: earn revenue from the platform by providing services to content creators
We get a lot of inspiration from the Bitcoin community, how to integrate users, merchants, miners, developers Different players such as people and exchanges are connected under the same incentive system to keep the system running smoothly.

These incentives allow participants to connect with each other to create the best platform together:
1. New content must be verified by the system (just like the mining transaction mechanism in the Bitcoin or Ethereum blockchain) 2. The verifier pledges the minimum amount of SNGLS. The more SNGLS pledged, the higher the voting rights, so as to ensure that the content is verified on the platform. Validators are rewarded for completing validation work and penalized for incorrect validation.
3. Developers can get subsidy funds through DAO.
4. Third-party service providers can provide paid services for content creators.

3. SNGLS DAO Governance (Decentralized Autonomous Organization)

Our goal is to create an "autonomous" system where the protocol caters to creators when they need them, rather than extracting their revenue to survive.

Rules of Automated Regulatory Platform
1. Charge minimal basic fee to maintain platform operation
a. Do not get income from creators (eg: wealth extraction)
2. If platform needs development/ Upgrade, the basic cost will increase, after completion, the basic cost will be reduced

Related links:
https://snglsdao.io/files/SNGLSDAO-wp-tc.pdf
https://snglsdao.io/

The design of the SNGLS DAO framework is based on a basic core, that is, the community and participants jointly determine the operation and development of the platform. At initialization, the DAO will have three basic governance protocols.