Solidus AI Tech has announced the launch of $AITECH on TrustSwap Launchpad. The date and time for the same have been set to August 18, 2023, at 5:00 pm UTC, respectively. Solidus AI Tech is hailed as a team behind the world’s first-ever AI infrastructure.
While the actual utilities of the token are currently known, it is estimated that Solidus AI Tech wants the token to be majorly used in purchasing valuable data services. The goal is to make $AITECH the leading cryptocurrency in the sector. Considering the pace at which the field of Artificial Intelligence is growing, it is only a matter of time that the token actually heads for mass adoption.
There are a total of four utilities that have been listed by Solidus AI Tech in the announcement. All of them pertain to AI offerings. For instance, $AITECH can be used to settle the services of AI or Blockchain-as-a-service. These are in addition to leveraging some of the high-performing computing power. AI applications in the ecosystem will also be rewarded using the same token. The only condition is that they must come under the umbrella of Artificial Intelligence.
Another utility of $AITECH is to reward the users for locking their tokens on the staking platform. This very closely relates to the way one keeps their funds in the bank account and earns interest on them. Users will only have to lock their tokens, probably for a specified duration, on the staking platform, and that will make them eligible for rewards in $AITECH.
Those who stake their tokens will gain voting power in the governance. It will be proportional to the level to which one has staked their tokens. Meaning staking 10 tokens out of the supply of 100 tokens will grant them the power in that proportion.
TrustSwap has shared the roadmap for $AITECH, highlighting that different areas will come under focus in the pre-launch and post-launch phases.
The pre-launch phase includes activities like drafting a plan to take the project to the market, securing some of the top launchpads, and seeking as many partnerships as possible. These are only a few pointers out of a wide list of pre-launch roadmap agenda. It will be followed by a post-launch roadmap which includes launching an AI marketplace, discussing equity offerings with Venture Capitalists, and continuing to build the community. Needless to say, this is a small portion of the wide list of the post-launch roadmap.
The ecosystem of Solidus AI Tech includes AI Service Provider, DAO Governance, AI Marketplace, and Business Model. The revenue stream for the partnership is estimated to come from High-Performance Computing Power, Blockchain-as-a-Service, Artificial-Intelligence-as-a-Service, and Artificial Intelligence Marketplace.
Come August 18, 2023; Solidus AI Tech will launch its token – $AITECH – in collaboration with TrustSwap. Anyone who is not the domicile of the US can participate in the public round of the $AITECH offering. Also, the region should not be under UN sanction.