The incineration of the AIC has been completed.
AI Crypto raised about 6,000 ETH through ICO and about 2.1 billion AIC out of 10 billion AICs was incinerated, resulting in a total distribution of about 7.7 billion AICs. About 800 million AIC out of total distribution were distributed to investors. Approximately 80 million AIC are Bounty/Airdrops, which have a total of 6 months of lock-up. (1st ICO bonus/bounty/airdrop: 50% off 2018-10-31; remaining 50% off 2019-01; 50% off ICO bonus/bounty/airdrop:
AI Crypto team has applied a total of two years of rock-up to the team’s volume to take responsibility for the project and proceed with further development and operation. AI Crypto has introduced Dapp, the world’s first GPU distributed processing technology, on its website a technology that enables the mining pool to use its high-performance hardware for artificial intelligence development and rendering. We plan to stabilize our services through validation by the end of this year, and we are developing a platform in which AI resources will be distributed by the end of 2019 by adding features according to the roadmap.
We were able to come here because you agreed to the fair distribution of artificial intelligence resources and supported the project. We will strive to develop and operate AI Crypto until it becomes a major platform for the AI industry. Thank you.
The incineration details can be checked on Etherscan.
As many media have covered, AI Crypto has released its own technology, Dapp. Following the roadmap, the MVP, scheduled for July 2018, was released in the form of a source code on the flag, and in October Dapp was released. Later this year, we will add capabilities for training artificial intelligence and data distribution developed through AI Deep Learning, and we will apply existing APIs such as PoV and Tensorflow to evaluate the value of resources provided in the first quarter of next year. In the second quarter of next year, the ability to distribute AI resources provided by participants will be added for verification.
The technology released this time is a service that can actually identify the technology that corresponds to distributed GPU usage among development resources. Until now, Mining Pool’s high-performance GPUs have been used only for the mining of crypto currencies. AI Crypto came up with the idea of ‘What if the computing resources of mining pools are used to develop artificial intelligence?’ The new AI Deep Learning enables developers who need a high-performance GPU to use high-performance computing resources within the AI Crypto network at a reasonable price. The following is a technical overview of the Dapp released.
Miners in Mining Pool are mining and deep learning is developers. When developers of the AIC network request to use deep learning, the GPUs in the mining pool are switched from mining to deep learning. Developers log in to the network with their linked cryptographic wallet to pay for the use of the GPU in the Mining Pool in AIC.
The description of the business model and outlook for which the technology is applied can be viewed through official video.