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.
INTRODUCTION
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
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
FIRST SEGMENT (HOST)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.
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
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.
You can buy at www.ai-tech.io
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.
You can buy at www.ai-tech.io
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
- 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
- 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
- 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
- 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
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