AMA Recap Crypto Library with Solidus AITECH


On 27th January 2022, Solidus AITECH conducted an AMA in the Crypto Library Community. Our guest is Liam. Lots of questions as usual from the Community about Solidus AITECH progress. The Solidus AITECH team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into Solidus AITECH.

Let’s take a look at the most interesting points of our conversation.

Crypto Library Team : Could you please introduce yourself to our community? Also if you don't mind, please tell us a little about your team.
Liam (Solidus AITECH) : Hey I’m Liam I was the business and strategy advisor for the parent company Solidus Technologies during the inception stages and also advised on Solidus AI Tech. I helped raise the initial capital to get Solidus Technologies started.

Im from London, England and My back ground is finance and structuring financial instruments to raise capital for marketing and business growth.

I have been involved in the crypto scene for many years after my good friend Paul introduced me to the market, I became hooked on the possibilities of blockchain

The team is made up of a core 14 members most of which sit on the board for Nato and other governmental authorities which I will go into more detail later on

Crypto Library Team : What is Solidus AI Tech? and how your team begin the process of creating this project?

Liam (Solidus AITECH) : The parent company of Solidus Ai Tech Limited, “Solidus Technologies” were founded in December 2017 as a cryptocurrency mining firm with a particular focus on mining Ethereum (ETH) via GPU-based mining rigs.

Before Solidus Technologies launched they teamed with software development company Soft Galaxy International. Soft Galaxy assisted the establishment and maintenance many large-scale cryptocurrency mining projects throughout Europe.

Solidus Technologies raised around $5.7 million via their network of investors during the cryptocurrency market downturn of 2018. The bulk of the investment was used to GPU’s to mine Ethereum.

During the financial crash of April 2020, the demand for AI services rose significantly due to COVID-19 restrictions. Across every industry, the adoption of AI has exceeded predictions for growth. AI is creating new products, boosting revenues, reducing costs and drastically improving efficiencies. The inexorable evolution of technologies has reached the point where there is an urgent need to solve problems with high computational requirements, the solution of which cannot be provided by a single computing unit. To meet these requirements, Solidus Ai Tech has implemented heterogeneous distributed systems of unparalleled computational capacity and has secured a number of partnerships with governmental authorities and corporate entities.

Solidus Technologies’ joint venture partner, Soft Galaxy International have been approved via the European Union for a $3.5 million grant to help towards completing the existing data centre infrastructure and to scale up operations.

Solidus Ai Tech Limited were established in January 2021 as the Artificial Intelligence arm of the parent company Solidus Technologies.

Solidus Ai Tech is building an Eco Friendly High Performance Computing (HPC) Data Centre & an Infrastructure-as-a-Service (IaaS) platform where Governmental Authorities, Megacorps, SMEs and Professionals will be able to purchase Artificial Intelligence services seamlessly via the worlds first Ai utilities token AITECH token.

Crypto Library Team : What services and features does Solidus AI Tech want to offer?
Liam (Solidus AITECH) : Solidus AITECH is building a blockchain operating system for the public sector. This government enterprise solution uses smart contracts, asset management solutions, identity management solutions, and process automation.

The solution provides a private enterprise chain developed specifically for governments. It features the ability to assign different levels of access to authorised users, ensuring the independent validation of transactions and operations that establish full security and accountability while complying with relevant privacy standards.

Governmental complex computation-intensive data analysis tasks can include the following:

1. Asset Management
2. Smart Contracts for Health Care
3. Voting
4. Taxation
5. Supply Chain Traceability
6. Land Registration
7. Identity Management & Process Automation
The governmental enterprise blockchain solution enables citizens, residents and businesses to participate and manage their data, creating a secure system that will streamline government-citizen interactions while securing information against hacking and fraud
Crypto Library Team : Please tell us about $AITECH token. What are the token difference, use-case, distribution, and where we can buy/get it?
Liam (Solidus AITECH) : The AITECH Token is the primary way to get access to most of the core services on our platform by holding the Tokens. These benefits are otherwise available to general users. So, in essence, the Utility Token unlocks a lot of value for its long-term and loyal users. In addition, the Platform will offer Staking Rewards.

We incentivise clients to use the AITECH token rather then use Fiat by offering discounts on the price of the services they purchase using the AITECH Token.

We also plan on burning a proportion of tokens every quarter until our I-a-a-S platform is live

We're building a Deflationary Token Economy, one of our main objectives is to limit and reduce the Token Supply long-term. Towards that, we've planned to take several steps. Key being using 25% of our Quarterly Profits to Buy-back and then burn tokens. This process will go on until the Total Circulating Supply comes down to 5 billion Tokens. We're also, of course, going to offer Staking right after we finish our Token Sale Campaign, once again limiting the supply and supporting the price.

The token is Deflationary in nature and therefore the Price increase benefits, among others will accrue to the holders.

We have a total token supply of 10 billion, out of which we are selling 4 billion in our crowdfunding campaign. The remaining tokens are dedicated to the project with the majority being development, marketing, community building. Tokenomics incorporates a deflationary mechanism and includes buyback and burning to support the overall token growth with time.

So, there is a multitude of benefits for the token holders.
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Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Liam (Solidus AITECH) : Q1 2022
- AITECH token distribution to all ICO investors
- Staking platform live
- Lottery Airdrop for everybody who decides to stake their AITECH tokens
- First order placed to purchase AI GPUs and materials
- Power grid upgraded to support HPC
- Ventilation upgraded to support HPC
- Software development commenced for customer Infrastructure-as-a-Service (IaaS) portal
- Software development commenced for Enterprise Blockchain
- Token listing on Exchanges

At the end of Q1:
- Lottery Airdrop for everybody who staked their AITECH tokens
- First quarterly payment for everybody who staked their AITECH tokens
- First AITECH token quarterly burn

Q2 2022
- Second order placed to purchase AI GPUs and materials
- All hardware and GPU clusters set up
- Software optimisation for hardware set up
- Hardware monitoring tools set up
- Cybersecurity policies implemented
- Tier 4 Data Centre requirements implement
- Additional AITECH token listings on Exchanges

At the end of Q2:
- Lottery Airdrop for everybody who staked their AITECH Tokens
- Quarterly payment for everybody who staked their AITECH tokens
- AITECH token quarterly burn

Q3 2022
- Third order placed to purchase AI GPUs and materials
- Customer IaaS portal finalised
- Enterprise Blockchain for Governmental Authorities finalised
- AI infrastructure services marketing campaign commenced
- Additional AITECH token listings on Exchanges

At the end of Q3:
- Lottery Airdrop for everybody who staked their AITECH tokens
- Quarterly payment for everybody who staked their AITECH tokens
- AITECH token quarterly burn

Q4 2022
- Forth order placed to purchase AI GPUs and materials
- Additional AITECH token listings on Exchanges

At the end of Q4:
- Lottery Airdrop for everybody who staked their AITECH tokens
- Quarterly payment for everybody who staked their AITECH tokens
- AITECH token quarterly burn

Crypto Library Team : Most projects look great only in their whitepaper & Roadmap but face a lot of difficulties while trying to implement the project mission and end up failing. How did #AITECHio overcome any obstacles in the development of its project?
Liam (Solidus AITECH) : The only obstacle we had was covid but we re assessed our business model and utilised our team members relationships and switched our attentions from mining to AI and HPC Super Computing
Crypto Library Team : One of the user experiences raised by Solidus AITECHio is in the medical field. Can you elaborate on this further? What is Solidus ALTECHio business model? Do you have partnerships with organizations from the medical industry?
Liam (Solidus AITECH) : We are not trying to venture into medicine ourselves just help those who are trying to make our lives better and easier

Instead of taking regular over the counter medicines…

Medicine could be tailored to your exact genome. AI algorithms will enable doctors and hospitals to better analyze data and customize their health care to the genes, environment and lifestyle of each patient.

From diagnosing brain tumors to deciding which cancer treatment will work best for an individual, AI is positioned to drive the personalized medicine revolution.

Big pharma companies will utilise our AI infrastructure and we have a Letter of intent from top 10 pharma company ‘Sanofi’

We hold letters of intent from various governmental authorities, they will use our service for things like voice recognition, face recognition, smart cities, border controlled suspicious packaging alerts and many more as explained on the videos.

Romanian Space Agency
We will be downloading satellite imagery to conduct geothermal earth imagery along with helping to predict adverse weather

Sanofi - top 10 Pharmaceutical giant
They will use use our AI infrastructure to analyse medical data to find anomalies to help find new cures and vaccines

We will also attract SME’s and professionals, all of which can use fiat or use the AI token for a discounted rate 

Crypto Library Team : According to what I've read, the development of your environmentally friendly HPC Data Center and IaaS is nearing completion? I'm curious about the environmental impact of your HPC facility and IaaS. Are you a proponent of the green cryptocurrency movement?
Liam (Solidus AITECH) : We are a supporter of Crypto Climate Accord.

The Crypto Climate Accord’s overall objective is to decarbonize the global crypto industry by prioritizing climate stewardship and supporting the entire crypto industry’s transition to net-zero greenhouse gas emissions by 2040. The Accord has two specific interim objectives:
Achieve net-zero emissions from electricity consumption for CCA Signatories by 2030.

Develop standards, tools, and technologies with CCA Supporters to accelerate the adoption of and verify progress toward 100% renewably-powered blockchains by the 2025 UNFCCC COP30 conference.

The Crypto Climate Accord will create wins for both the planet and the global economy. For climate advocates, they can eliminate emissions from a fast-growing source of electric load. For the cleantech industry, they can onboard an entirely new class of customers with significant demand for low-carbon solutions. For the crypto industry, they can help support widespread adoption of crypto by making the industry more sustainable.

Solidus AITECH HPC data centre infrastructure will run highly efficient algorithms. From the initial consultation, we will be able to clarify how we can optimise for maximum effectiveness for each application and how our customised HPC environments would work for the clients’ needs. At the core of our business, we ensure reliability and security to our clients and do so in a cost-effective and environmentally friendly manner.

Our secure, sustainable computing environment is the perfect solution for anyone prioritising climate goals and carbon targets – we utilise evaporating air cooling technology. The advantages of evaporative cooling are well documented.

This energy-efficient, environmentally friendly technology consumes 80% less energy than compressor air conditioning, can lower the air temperature by up to 12 degrees, improves air quality by removing dust, fumes and unpleasant odours and does not require the closing of doors or windows . HPC is already consuming large portions of the world’s available energy, with various air-cooling solutions consuming up to 30%–40% of the total energy deployed.

Hence, there is an urgent need to deploy sustainable solutions.
By using a special software algorithm and customised hardware architecture, one high-performance AI GPU uses similar power to a household light bulb, and all the materials are renewable.

The heat generated by the machines will be channeled to our production facility to provide warmth during the cold season.

Crypto Library Team : 'STAKING'' is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term. Does your GREAT PROJECT have plan about Staking??
Liam (Solidus AITECH) : Our mission is build solid community who will support us throughout our journey to success. Our community will be rewarded with the following:

Following our successful launch we will offer a staking pool which will pay token holders and estimated 7.5% per annum in our AITECH utility token which can be used to purchase AI services when our Infrastructure-as-a-Service platform launches or alternatively the tokens can be held or sold on an exchange for liquidity.

Lottery Air Drop
Stakers will be entered into a lottery each quarter and the winners will be airdropped AITECH tokens until our platform launches

Burn program
Tokens from our launch that have not have been purchased will be burned. We will then burn additional tokens from the circulation supply every quarter untill our platform launches. In addition to this we will burn a percentage of the AITECH tokens that are used to purchase services on our platform to further decrease the circulation supply.

Lock up
The team & developers token allocation will be locked in a smart contract for 4 years with a small proportion being released each year on the anniversary of the launch date.
Crypto Library Team : Pump and dump schemes are becoming a major problem in the crypto space which needs solving, Investors hard earned money going down the drain. Could you please tell how will prevent whales from manipulating the price & ensure the price appreciates?
Liam (Solidus AITECH) : We restrict the amount you can invest and let retail investors in for private and presale along with a 3 month beating period to protect the price, management also lock their tokens for 4 years along with an audit from Certik

Crypto Library Team : The EU consumes one-third of HPC resources while only producing 5% of computer power. Solidus is centered to solve this problem. How can this be solved by the AITECH Solidus has designed?
Liam (Solidus AITECH) : By completing our data centre we will become one of the largest in Europe we also plan on upscaling massively to help with the deficit
Crypto Library Team : Considering that security is one of the priority aspects that investors seek, what are the security measures and protocols that Solidus implements and how often do they audit and verify their effectiveness for greater peace of mind and confidence for all participants?
Liam (Solidus AITECH) : Look at our management team and cyber security 

Paul Farhi

Paul is a born achiever and has very high standards in everything he does. He is a passionate entrepreneur and established himself as a successful investor very early on in his career. His main focus was on Property & Fine Art until he was introduced to Bitcoin in 2015 and since then has never looked back. During his career Paul has built a solid network and was instrumental in securing the partnership between Solidus Technologies and Soft Galaxy international. Paul is a forward thinker and identified very early on that Ethereum will be moving from proof-of-work to proof-of-stake which means that mining would no longer be the future for Solidus Technologies and began his research into Artificial Intelligence. Since then he has studied Artificial intelligence at the London Business School and has identified key areas that will be significant for Solidus AITECH in the near future. Paul also owns a Fine Art Company who are taking a serious look at the NFT space. Paul also oversees the overall Marketing efforts of Solidus AITECH.

Adrian Stoica

Adrian is the President of Optoelectronica and founder of Soft Galaxy. He has the mission to combine the expertise from two different worlds: hardware and software and deliver a new generation of computing and data processing to the World. This will boost the world's technological progress into the future, opening new doors for R&D, smart devices, changing the way we are currently interacting with technology.

He is well connected within the AI industry, and works closely with government entities. He works as a Managing IT consultant with international experience and a combination of consulting experience, general management experience, leadership skills as well as entrepreneurship and business development skills. Valeriu-Adrian has broad industry exposure with a special focus on Artificial Intelligence, Cybersecurity, Military / Defence Systems, Blockchain Technology and e-government. He specialises in techno politics and alternative models of governance, with a focus on applications and decentralised architectures for Public Administration and e-government. He is also a founder of an international software engineering company, focusing on Artificial Intelligence and working on solutions for Blockchain Technology. This makes “Adrian” a vital part of the team.

Alexandru Galusca

"Retired Brigadier General (Romanian Air Force), squadron leader in Air Force Staff operational units, Chief of Military Intelligence, Deputy Military Representative to NATO and EU. ""Ducu"" has the mission to assure the technology transfer and share his knowledge into Artificial Intelligence applied in the Defence field but also to promote the HPC capabilities within NATO, EU and the Romanian MoD. He is reponsible in implementing NATO standard cyber security policies within the company."

Marius Opran

Marius is a member of the Board of Directors, Chief Scientist Defence, Security, SSA-Romanian Space Agency / Member, EU Economic and Social Committee, Expert NATO-SPS, EDA-EOST His mission is to promote worldwide state-of-the-art projects and new frontier technologies developed by Romanian scientists using his experience and knowledge.

Madalin Dumitru, 
Founder & CEO @Cyber Smart Defence , part of Stefanini Group
BIO: Madalin Dumitru is the Founder & CEO of Cyber Smart Defence with 20 years + in experience  cybersecurity

Cyber Smart Defence was founded to respond to the growing threats in cybersecurity.

During the years, Madalin and his elite’s team of ethical hackers, forming together a united, specialised team that can face any challenge in the cybersecurity field.
Madalin also has a continuous contribution reflected into long term Customer relationship, building strategic partnerships with multinational companies and on-going research and development, always considering the cybersecurity market versatility and constant change that came as a requirement for staying relevant in the fight against cyber-criminals who always have found creative ways to hack organizations.

Madalin  helped Stefanini Group in creating a global cybersecurity tower, capable of delivering all cybersecurity services on all continents.
Madalin is also a respected commentator on cybersecurity issues and has previously been interviewed by the likes of NBC, Fox, ABC News, Reuters, Aljazeera and USA Today. 
That’s five please view are video here
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