Topic: Crypto Angel || Blockchain based Artificial Intelligence || - page 2. (Read 964 times)

CryptoAngel is a virtual life assistant based on a powerful AI models, that works on an individual input, and outputs the best model that suits particular user needs. Imagine Cortana, Alexa and Siri but way more scalable, intelligent and powerful. The ecosystem is blockchain based, where the developers can upload their models for training and processing in decentralized manner. The goal is to have decentralized intelligent model called Master-Mind whose possibilities will be limitless. CryptoAngel will have mobile app where you can set your personal goal and the Master-Mind will recommend you the best options for reaching your goal. The ecosystem is beneficiary for all the parties involved, developers will be rewarded based on the performance on their model, end users will pay Angel for the model that achieves their goal. Also, the “miners” that will help the processing part of the models will be rewarded accordingly. Nowadays we have many virtual assistances and chat bots but they are domain restricted and black boxed and their performance is limited. CryptoAngel will have the potential to become one of the most powerful AI virtual guides that will be capable of understanding your problems and predict your intentions. Alternatively, there will be possibility of data monetization, all the models will be ranked accordingly to their performance so if someone wants to use your model he can rent or buy it. Furthermore, the data needed for training the AI models can be valued and sell for future data mining task or evaluation.

The Crypto Angel Company is a non-profit organization that is responsible for the creation, management and distribution of the CryptoAngel token. Its operations will include creating future products under the Crypto Angel copyrights. All the profits received by the Crypto Angel Company will be utilized for further development of CryptoAngel products in order to increase the value of CryptoAngel token.
Crypto Angel has 3 main objectives:
1.   To democratize AI by onboarding broader community to be part of development process of “Common AI”
2.   To make generalized AI application that offers comprehensive knowledge that is continuously learning
3.   To make marketplace where end user can buy various categories of knowledge
Since decentralized applications utilizing blockchain technology are still at the beginning of their development we believe that the most critical component of such application’s success is the community which is motivated enough to support it. This is why our incentive model will be set to favor early adopters, offering them to benefit from their early dedication to our values. As early and late majority joins the ecosystem over time, incentive model will start to decline following the pace of entire system economics.
CryptoAngel platform will interconnect following participants:
•   Data providers - owners of datasets who will be incentivized by our cryptocurrency to provide their datasets to be part of our big data training pool. We will set specific requirements for data sets through our portal, those requirements will come from classes of AI models designed for specific domains of problem.
•   External developers - AI developers who will submit their AI models to be part of Common AI in return to Angel cryptocurrency (more details in 4.2 in WP).
•   Miners - create decentralized blockchain consensus, mining with proof of intelligence algorithm (described in 4.4.7 in WP) to train AI models and verify computations in CryptoAngel blockchain network. Miners will invest their computation power to receive remuneration in Angel currency.
CryptoAngel aims to capture most of the value from the market with its innovative approach of computing AI models. Our strategy to capture the value from the market is to attract key players by differentiating our core economic levers and offering them possibility to enter new revenue streams: miner can sell their computing power for AI model training, developers will benefit from their ML models bundled in superset of AI models offered on global market, data providers will benefit from their datasets.

The Angel is a speculative digital coin available worldwide and built upon the Ethereum blockchain protocol. The core contract is an extended version of the Standard Ethereum token contract (ERC20). You can explore and prove it on https://crypto-angel.com. Coins will be minted in the process of purchasing, and total number of issued tokens will be limited with crowdsale cap reached during the token sale process, meaning that Angels are generated as purchasers buy them and the total supply of Angels will be fixed after the end of the Angel token sale. The Angel has a hard cap of 88 million coins, and this supply will be fixed with no more to be issued. The price of the CryptoAngel will be determined by market forces and cryptocurrency exchange mechanisms. The CryptoAngel is also available in fractional amounts.

On March 16th, 2018 at 00:00 UTC we will offer a maximum (70.000.000) of 88.000.000 ANGEL tokens as a part of ICO event. ICO will last 5 weeks and will be open to the general public. The ICO will be open to anyone who wants to invest a minimum of 50 ANGEL (0.05 ETH). Bonus tokens will be available during the ICO. The first 20.5% of the hard cap or 18.000.000 ANGELs are already minted, the next 9.5% of the hard cap (18.000.000 - 26.400.000) will get 30% bonus, the next 30-45% of the hard cap (26.400.000 - 39.600.000) will get 20% bonus, the next 45-60% of the hard cap (39.600.000 - 52.800.000) will get 10% bonus ANGEL tokens on top of purchased tokens, while for the rest of the ICO tokens there won’t be bonus applied (refer to table and image below). All the tokens that are not sold out during the ICO event will be burned, and will not be included in the total market cap. Tokens bought during the ICO crowdsale campaign will be automatically sent to the customer.