[ANN] Lampix Token Launch - Bringing Blockchain Image Mining to A/R Systems - page 17.

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iandoZ

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Note: Youtube thumbnail image above

Lampix is building the first blockchain based image mining network for augmented reality or any other computer vision systems, such as the Lampix device. We are creating a new blockchain that will hold {image, description} datasets of real world objects. This data is a vital prerequisite for augmented reality systems ranging from smartphones, wearable glasses, or our own Lampix device.

Lampix Device

Lampix is a hardware and software solution that transforms any flat surface into a smart, augmented reality surface, freeing human-computer interaction from digital screens. With an open source API, integrating both computer vision and artificial intelligence, developers can create applications and content that can interact with real world objects, movement, and even hands.

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Lampix Use-Cases

The restaurant use-case below is one of many possible applications for Lampix. To see more examples, visit our Youtube Page.

Lampix Restaurant Use-Case

Why would you want a Lampix?

The user can be free from digital screens, and use applications that could make their life easier and more enjoyable. For instance, imagine placing a few ingredients on your kitchen table and having a list of recipes pop-up, giving you recommendations you might have not thought of, and then providing step-by-step instructions for making a selected recipe. Even if you have dirty or wet hands, you can still use Lampix, without error. The applications for the lampix are only limited by imagination and data available. This is why we are creating the largest computer vision machine learning database for the advancement of augmented reality and artificial intelligence.

Lampix Database

The database is a tool every augmented and virtual reality developer can tap into for their own applications. Computer vision and machine learning are dependent on the availability of data that is curated and described. We want to meet this demand for data with the largest database composed of pictures with descriptions.

Lampix introduces picture mining

If you are a miner and would like to be rewarded for your contribution to a data ecosystem, then picture mining may be your next venture. With the use of a Lampix device or any other device with a camera, miners can take pictures of objects, write a description, and submit it to be verified. Once approved by multi-voter consensus, the dataset is then submitted to the database.

The cost of electricity is minimal

Most miners must worry about the variable cost of electricity, which is usually the biggest hurdle to obtaining an acceptable ROI. However, with picture mining, there is no proof-of-work mining needed to be done to reap rewards, instead the miner only needs to submit datasets.

Don't have a Lampix or a device with a camera? No problem, become a voter!

Another way to contribute to the data ecosystem is by voting on datasets. Voters can review pending datasets to make sure the description matches the picture. Once the dataset is approved by the network, voters aligned with the consensus of each dataset will be compensated.

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Read the Lampix Whitepaper with detailed description of the Lampix device, database, financials, and other essential information:

Do you have further questions? Read the Lampix FAQ sheet detailed with the Crowdsale & Token, database platform, Lampix device, financial model, and more:

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Lampix Design

Hardware:

Specifically placed LEDs
Projector
HD Camera
Raspberry Pi 3 (for cloud computing)

Software:

Android-based software platform with APIs
Ready-made apps
Training app to streamline new object class learning
Lampix "App Store"

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Database and Image Mining

To grow a database with over one billion datasets, we determined that the most effective approach is to use PIX tokens as a form of compensation for contribution. PIX tokens will be used to pay miners and voters for their contributions.

There are many modules used in the architecture of the Lampix device and database ecosystem. A few include the data storage database, gateway and data submission, and smart contract for voting module. A simplified version of how the modules interact within the ecosystem is displayed below.

Read the Lampix Whitepaper to get a more detailed explanation of the hardware, software, and Lampix ecosystem.

George Popescu

CEO at Lampix

George is an MIT alumni based in New York and has 3 Masters degrees in Computer Science and Electrical Engineer, 3D Printing, and Nanoscience. He was the founder of Boston Technologies (BT), the #1 fastest growing company in Boston in 2011. BT was also on the Inc 500/5000 list for 4 years in a row. He bootstrapped Boston Technologies up to $20 million in revenue and sold it in 2014. George has built and sold multiple companies.

Mihai Dumitrescu

CTO at Lampix

Mihai is the Founder and CTO of Rosoftlab, a research and development firm in computer vision, augmented reality and related mobile and web apps working for international customers, and the founder of VanillaNAV, an AR-based indoor navigation system. George and Mihai met as speakers in the backstage of TEDx Bucharest in 2013.

Joe Zhou

CEO & Co-Founder at Firstblood

Mentor at Babson GEIR

Mike Mazier

Crypto Developer, Serial Entrepreneur

Merrill Lynch, Columbia University -

Columbia Business School

Catherine Barba

Serial Entrepreneur with multiple

exits focused on retail technology

Lior Zysman

Legal Advisor ZAG-S&W /Blockchain Projects

Tel Aviv University

Rich Alterman

EVP Business Development at GDS Link, LLC

35 Years of Corporate Finance Experience

Boston University Questrom School of Business

Gilad Woltsovitch

Serial Entrepreneur

Founder of Israeli Ethereum Group

Daniel Temkin

Co-Founder at FirstBlood Technologies, Inc.

Boston University School of Law, Concentration

in Intellectual Property Law with Honors

Simon Leger

Professional Crypto-trader and Market Maker

Previously at BNP Paribas, Forex Division

M.S. Financial Mathematics, M.S. Applied Mathematics

from NYU and ENSAE in France Respectively

Pavel Kapelnikov

Serial Entrepreneur and Angel Investor

Lenny Valdberg

President and Co-Founder of Vigo Industries,

Serial Entrepreneur

Brooklyn College, B.S. Computer Science

Igor Kapelnikov

CTO at CTC Transportation Insurance Services

CEO at Global Forwarding Enterprises, LLC

B.S. in Economics, Rutgers University

The Crowdsale Token, ‘PIX’, is a key component to fulfilling our vision of freeing the human-computer interaction from the digital screen and building the largest computer vision machine learning database for augmented reality and artificial intelligence.

Pix Token Usage

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Crowdsale Token Launch

PIX will be issued on the Ethereum blockchain and distributed via a smart contract. Participants interested in the crowdsale will have to send Ether to a specified Ethereum smart contract address, which will create PIX tokens at the current PIX/ETH exchange rate.

Funds Allocation:

Total: 1,100,000,000 PIX tokens will be created

Issued: 550,000,000 PIX tokens (50%) will be issued and the coins not sold will be burned

Company/Team: 220,000,000 PIX tokens (20%) will be allocated to the team
The tokens set aside for the team will be released at the end of each period:

25% will be available at the same time as the public, roughly 1 month after the crowdsale
25% will be locked for 12 months
25% will be locked for 24 months
25% will be locked for 36 months

Reserved: 330,000,000 PIX tokens (30%)

The tokens set in reserve (20% total) will be released at the end of each period:

25% will be available at the same time as the public, roughly 1 month after the crowdsale
25% will be locked for 12 months
25% will be locked for 24 months
25% will be locked for 36 months

At each release of tokens:

30% will be used for data acquisition costs, development, marketing, and other corporate needs
50% will be allocated to acquire other companies, patent and IP needs
10% will be allocated to external partners if needed
10% will be distributed to all PIX token holders (air drop) proportionally to their holdings at the time of the event in PIX tokens

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Crowdsale Token Launch Breakdown

We are selling 550,000,000 PIX tokens over a 10 day period with a price of $0.12 per a PIX token during the crowdsale.

Launch Date

We plan to have the Crowdsale Token Launch begin on August 9, 2017 through August 18, 2017.

More Information

You can read more about the Lampix Crowdsale Token Launch details and financials starting on page 45 to 52 in the Whitepaper.

Escrow?

The distribution of tokens will be handled by a smart contract. The smart contract will be audited beforehand to make sure the distribution process is smooth.

Further Questions?

If you have any further questions, please feel free to ask us directly at our Lampix Project Slack Team. Click Here for an invite.

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