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AI Crypto

AIC
Pre-ICO Start: 5/1/18 Pre-ICO End: 5/31/18

BMJ Score: 4.3

Market

Transparency

Team

Token

Adoption

Quick Summary

11 Investors read this
Two of hottest technologies on the planet rolled into a single play.

Commentary

Artificial intelligence plus the blockchain. Korea-based AI Crypto is developing an ecosystem based on blockchain tech to make AI research easier and cheaper. Warning: Because it's startup is targeting AI researchers and developers, this is a more appropriate investment for those with AI domain expertise and experience.

Investment Information:

  • How to invest: AI Crypto wants investors to use Ethereum, but the website does not define how to participate in pre-sale. Only provides link to the bounty program. Expect information a week or two before the pre-sale ends.
  • Discount: First 1 billion pre-sale tokens will carry a 20% bonus, second 1 billion tokens a 10% bonus.
  • Eligibility: Minimum investment of .1 ETH. Residents of China and US are ineligible.

Market: 3.8

  • Problems plaguing AI researchers: 1) high cost of hardware for adequate computing power and 2) difficult and expensive to obtain a large quantity of high-quality data so that the machines can process it.
  • Customers for AI Crypto are current, potential AI researchers/developers without access to resources required for developing innovative AI technology.
  • Token provides access to resources that are to be used in the advancement of AI technology.
  • AI market is expected to balloon to over $60 billion by 2025. Potential growth cannot be overstated. AI has almost infinite future uses -- investment analysis, autonomous vehicles, image analysis, emotional deep learning, and more.
  • Based in Korea, thus unlikely for AI Crypto to encounter regulation.

Transparency: 4

  • Whitepaper is informative with decent length at 33 pages.
  • Tokens will be distributed as follows: 50% main sale, 25% early investors & team, 10% company reserved, 10% advisors and partners, 5% operating/marketing.
  • Funds raised will be allocated as follows: 42% development, 25% operating expense, 14% marketing and accounting, 11% business/strategic expense, 8% reserved for updates on the platform.

Team: 4.5

  • AI Crypto team comprised of machine learning engineers and blockchain developers with more than 10 years of experience. Not much business/entrepreneurial experience.
  • CEO Jaeho Seol received his Ph.D. in Brain & Cognitive Sciences and has a BS in computer science.
  • Other team members also hold Ph.D.s or are candidates to receive one.
  • Each team member/advisor has glowing LinkedIn profile.
  • Team Members

  • Jaeho Seol, Co-CEO& Chief Scientist (LinkedIn)
  • Sungjae Lee Co-CEO (LinkedIn)
  • Rakjae Choi, Global Sales (LinkedIn)
  • Doguk Kim, Ph.D, Deep Learning (LinkedIn)
  • Gyeongsu Chae, Ph.D Candidate, Deep Learning (LinkedIn)
  • Ryan Jin, Ph.D Candidate, Blockchain Research (LinkedIn)

Token Mechanics: 5

  • Beta to be released in Q1 of 2019. API/SDK expected to launch in December of 2018 (API allows software programs to interact with ecosystem, SDK is a set of tools used to develop software applications on platform)
  • AI Crypto Ecosystem consists of hardware, data, and models, defined as AI Crypto Vessels.
  • Participants with resources receive coins by making them available to the ecosystem. Resource users pay the coins as a fee.
  • AI Crypto ecosystem is impartial and decentralized.
  • Total supply of 10 billion tokens.

User Adoption: 4

  • Targeting researchers and developers in complex field does not recommend AI Crypto to inexpert investors. Scientific background and familiarity with AI are major plus
  • AI Crypto lists eight different partners on their website including Delta Investment, RocketPunch, and GovernTech.
  • Lots of buzz surrounding this ICO because of its connection to hot field of AI. Featured on upwards of 10 different articles regarding AI and its integration with blockchain.

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