AI Crypto FAQ

AI Crypto FAQ

  1.     AI Crypto

1) What platform is AI Crypto?

2) Is there a planning step to implement the platform?

3) When can the participants register their computer and share computing power?

4) What can the participants do using AI Crypto’s resources?

5) Who will use AI Crypto?

6) Is AI Crypto competitive when large companies around the world offer AI APIs?

7) Is it better to provide computing power for AI development than for mining?

8) How can the participants get AIC on the AI Crypto platform? Do I mine?

9) What is PoV?

10) What is AI Mining?

 

  1.     ICO

1)  I want to know the ICO schedule.

2)  How much AIC is issued by ICO

3)  How many of AIC are for sale?

4)  I want to know AIC platform.

5)  What is public price of AIC?

6)  What is the minimum of ICO participation?

7)  How do I participate ICO?

8)  What is softcap?

9)  What is hardcap?

10)  Will unsold coin of the 3 billion AIC for sale be burnt?

11)  How does the additional issue proceed?

12)  When do I get the Bounty?

13)  How do I get the airdrop?

14)  When will I get the AIC I bought?

15)  When will AIC be listed on the exchange?

16)  Is there lock-up?

17)  I want to know custom token address.

 

  1.     AI Crypto

1) What platform is AI Crypto?

AI Crypto is a blockchain platform, providing Resources for development and being rewarded fairly. Every participant who take part in AI Crypto’s ecosystem provides their own resources and uses the resources on our platform. AIC is the rewarding method in our ecosystem. In AI Crypto’s platform, who provided what resources and how much and how did you get paid for it are recorded on blockchain when the participants develop AI. These record make the resources to be distributed fairly and to provide high quality resources.

2) Is there a planning step to implement the platform?

We have roadmap. WHITE PAPER ver1.0 released on March 2018, pre-sale was completed successfully and handed over softcap on May and ICO main-sale is live. On July, our MVP(Minimum Value Product) will be updated on our website-Github link and completed 1st ICO. We introduced new technological concept; AI Mining and AI Deep Learning preparing 2nd ICO. We will launch ‘Sapiens’ which provides resources and verify the resources on Ethereum platform on December. On June 2019, we will start our own platform ‘Creatura’ that provides advanced machine learning and form AI Society. The last stage is ‘Deus’ that shows crux solved platform. On December 2019, AI Crypto activate AI business and complete AO society.

3) When can the participants register their computer and share computing power?

It’s Creatura planned to be open at June 2019.

4) What can the participants do using AI Crypto’s resources?

AI Crypto provides a platform for user to be easy to make Ai services using complex AI model components without having professional programming knowledge. On AI Crypto, the users can develop various services for example, voice synthesis/recognition, AI Dialogue Analysis, Image Analysis and Autonomous vehicle etc. AI Crypto covers GPU, Data, Model and Trained AI.

5) Who will use AI Crypto?

AI Crypto is a platform where start-up, researcher and developer can make AI services with reasonable price.

6) Is AI Crypto competitive when large companies around the world offer AI technology APIs?

There may not be competitive advantage for this universal AI utility. But when the users need to use rare data like regional dialects, we think we have a competitive advantage. We aim to facilitate the sharing of various AI resources within the AI Crypto ecosystem. Later, Google, Amazon, Facebook, China, BAT will monopolize the AI field but it’s our real goal to bring some of that.

7) Is it better to provide computing power for AI development than for mining?

Nodes will be involved in this process. To make AIC worth high, we have introduced technologies; AI Mining and Ai Deep Learning.

8) How can the participants get AIC on the AI Crypto platform? Do they mine?

Mining; PoW is a way of compensating coins when multiple nodes create a nonce that creates blocks by competing for calculations. However, in AI Crypto by adopting a proprietary method called PoV(Proof of Value) and AI Mining, when the users provide valuable resources such as computing power, they will receive AIC.

9) What is PoV?

PoV is Proof of Value that is our independent blockchain agreement algorithm. It is different for other cryptocurrency algorithm, such as PoW, PoS or PoI, which is the way coins are issued. In the PoW, the participants are rewarded for creating blocks but in the PoV, the participants are rewarded for providing valuable resources(Data, Dataset, Model, Trained AI, etc.) and taking part in value assessment process.

10) What is AI Mining?

AI Mining is AI Crypto’s own block-chain network. It is a new consensus method that uses computational resources used to form new blocks through Proof of Work (PoW) to develop AI. AI Mining is designed to use Deep-Learning by including Deep-Learning operation in existing Hash Algorithm by using Proof of Computing (PoC) method, and it is designed to use most operations in Deep-Learning by lowering hash difficulty.

 

  1.     ICO

1) I want to know the ICO schedule.

– 1st ICO : 2018-06-04 ~ 2018-07-30(23:59 SGT, UGT+8)

– 2nd ICO : 2018-09-01 ~ 2018-09-30(23:59 SGT, UGT+8)

2) How much AIC is issued by ICO?

The initial plan was 10 billion AIC, but the reduction in the hardcap resulted in 8.000,000,000 AIC(8 billion AIC).

3) How many of AIC are for sale?

It was 500,000,000,000 AIC (5 billion AIC) before the hardcap was reduced, but it is 300,000,000 AIC (3 billion AIC) after the hardcap reduction.

4) What is the minimum of ICO participation?

0.1ETH=10,000AIC (1ETH = 100,000AIC)

5) How do I join ICO?

After signing up for our website, please register the address of MyEtherWallet or metamask before passing KYC and send Ethereum to our main-sale address form your own wallet address you’ve registered.

6) What is softcap & hardcap?

Softcap(the minimum funding target) for starting the development has already been reached with a 3,000 ETH. The initial hardcap(the maximum funding target) was 50,000, but we adjusted it to 30,000ETH.

7) Will unsold coin of the 3 billion AIC for sale be burnt?

YES.

 

  1.     Token

1) How does the additional issue proceed?

AIC is paid through PoV approach, not PoW. When the AI Crypto platform is launched and the resources are shared, we will only compare the quantity of the released and distributed AIC within the AI ecosystem to compensate for this resource. So far, there are no plans to issue additional publications, and even if they are to be issued, the total volume of issuance will be adjusted within 10 billion AIC.

2) When do I get the Bounty?

The Bounty event was initially carried out and all are closed. The AIC received as a Bounty is transferred to the wallet registered on the website after the ICO shutdown (July 30, 2018). If you didn’t pass KYC before July 30, you must go through the KYC by August 12 to receive the Bounty on August 15.

3) How do I get the airdrop?

The airdrop is a promotion event for the main sale and it is different from Bounty event. Randomly selected wallet in the whole world with history of transaction got AIC. If you win, you can find AIC in your wallet or on our official website MY AIC.

4) When will I get the AIC I bought?

Investors who participated in by June 29. 23:59 p.m. will receive AIC after June 30 and investors who participated after June 30 paid AIC on early August.

5) When will AIC be listed on the exchange?

Currently, we have two designated exchanges, IDAX and NEXYBIT, which allow you to list the coins on August 29 and start trading on the 30th. NE XYBIT will be listed after opening.

6) Is there lock-up?

There is no rock-up in the AIC you purchased, and there is a total 6 months rock-up period for bonus, Bounty, Air Drop, and team AIC. After three months, 50% of the locks are turned off, and then over three months, the remaining 50% of the rock-ups are turned off.

7) I want to know custom token address.

* Token Address: 0xa7a5c03399f4739f4afa934bb9053c992b53d7a2

* Token Symbol: AIC

* Decimals of Precision: 18

+) I saw AIC on the exchange like Blockfolio.

It’s not our token. We will list AIC on Bitforex on October 5, IDAX within October and NEXYBIT is unsettled. We are negotiating AIC listing with major exchanges and will notice listing schedule on our official community channel. AIC on the other exchanges isn’t ours so please check token information.

 

These are the questions that the official community of AI Crypto frequently asks about. For information not found in this FAQ, please contact us. The FAQ will be constantly updated

August 7, 2018 updated

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