A deep dive into Solidus AI Tech, a blockchain-powered AI service provider that aims to democratize AI computing power and make it more accessible to a wider range of users.
Introduction
In the last 2 years, artificial intelligence (AI) has metamorphosed from a futuristic concept to the most talked-about technology, a tool that billions of people, businesses and governments already use and are eager to harness further.
However, the high costs and technical complexities associated with AI still make it inaccessible to many organizations. Enter Solidus AI Tech, a blockchain-powered AI service provider which aims to change this narrative with its AITECH token and comprehensive AI ecosystem. In short, it is on a mission to democratize AI computing power and make it more accessible to a wider range of users.
One of the biggest obstacles in 2024 for any AI project, even well-funded ones, is to get their hands on computing resources, currently in high demand, needed to power their machine learning systems. Solidus has made it their core focus, and is successfully constructing an environmentally conscious, state-of-the-art high performance computing (HPC) data center spanning over 8,000 square feet in Bucharest, set to open in July.
Having already clocked over a million transactions on its chain and amassed 3.1 million CoinMarketCap followers, the project certainly has some wind in its sails heading into the second quarter of 2024.
In this deep dive, we'll explore just what Solidus AI Tech is building, the utility of its AITECH token, and how you can participate in the ongoing $50,000 AITECH airdrop on CoinMarketCap.
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What Is Solidus AI Tech?
Solidus AI Tech is a pioneering company that uses blockchain technology and cryptocurrency to create a decentralized, transparent, and accessible ecosystem for developers, businesses, and governments to harness the potential of AI.
Founded by Paul Farhi and Adrian Stoica, it started out as an Ethereum mining company as far back as 2017. Grasping that Ethereum would go both proof-of-stake and deflationary in the 2020s, the firm eventually pivoted its offering to target future demand for AI and HPC services.
At the heart of their solution is a state-of-the-art, eco-friendly high-performance computing (HPC) data center which is 8,000 square feet big and based in Romania.
The HPC data center serves as the foundation for Solidus AI Tech's AI-as-a-Service (AIaaS), Blockchain-as-a-Service (BaaS), and Infrastructure-as-a-Service (IaaS) offerings. Businesses and developers can tap into these powerful computing resources to create, test, and deploy AI applications more efficiently and cost-effectively.
In an industry where energy consumption is a big concern, Solidus AI Tech's commitment to environmental sustainability is also drawing attention. The company has implemented energy-efficient solutions and optimized resource utilization in its data center, minimizing its carbon footprint while still delivering cutting-edge performance.
The data center in Europe is set to be the first of many energy-efficient Solidus HPC data centers. By dramatically lowering computation costs, they will democratize access to critical applications such as CGI rendering, scientific calculations, and machine learning.
On the software side, its deflationary AITECH token fuels a comprehensive ecosystem that combines HPC, AIaaS, and a thriving marketplace for AI applications.
Solidus Ecosystem
Solidus AI Tech's ecosystem is designed to generate revenue through multiple machine learning and blockchain-related streams, including:
- AI-as-a-Service (AIaaS): Offering AI services to businesses and developers through the platform.
- Blockchain-as-a-Service (BaaS): Providing blockchain solutions to enterprises and governments.
- High-Performance Computing (HPC) Power: Renting out HPC resources to organizations who need some serious computational power.
- AI Marketplace: Facilitating the buying, selling, and licensing of AI applications developed by the community.
AITECH Token Use Cases
Solidus AI Tech ecosystem is powered by the AITECH token. This deflationary utility token lives on the BNB Smart Chain, known for its fast and cheap transactions, and serves multiple purposes within the platform, including:
- Accessing AI, Blockchain, and HPC Services: AITECH tokens can be used to license AIaaS, BaaS, and rent HPC power through the Solidus AI Tech platform.
- AI Marketplace Transactions: Developers can showcase their AI applications on the Solidus AI Tech marketplace, where users can license these solutions using AITECH tokens.
- Staking Rewards: AITECH token holders can participate in staking pools to earn rewards for supporting the network and ecosystem.
- Governance: AITECH holders get voting rights in the platform's decentralized autonomous organization (DAO), allowing them to shape the future direction of the project.
Understanding AITECH Tokenomics
Solidus AI Tech (AITECH) has a maximum total supply of 2 billion tokens, of which just over a quarter (25%) are currently circulating, for a market cap of around $160 million (fully diluted $630 million). Initially, 800 million BEP20 tokens were sold at a price point of $0.012 each during August 2023.
According to TokenInsights, tokens are to be distributed as follows:
- Ecosystem Community Engagement & User Acquisition: 30%
- Team: 14%
- Seed: 12.5%
- Private Sale : 12.5%
- Liquidity & Staking: 10%
- Marketing: 9.75%
- Pre-Public Sale: 5%
- Advisors: 5%
- Public Sale: 1.25%
CryptoRank reports that nearly 2/3rds (64%) of these tokens are still locked and are vesting linearly until 2028.
You can view the Solidus vesting schedule here.
How Is $AITECH deflationary?
To maintain the token's deflationary nature, Solidus AI Tech employs an innovative deflationary mechanism designed to enhance the token's value over time (read their blog post here). A percentage of AITECH tokens used for acquiring services on the platform will be systematically burned, ranging from 5% to 10%.
Initially, half of this percentage will be used to burn tokens, permanently removing them from circulation, while the other half will replenish the staking pool, rewarding early investors.
As the ecosystem grows, the burn rate will gradually increase, eventually reaching and maintaining the full rate. Correspondingly, the percentage of tokens used to replenish the staking pool will decrease until it reaches zero.
This mechanism ensures a continuously decreasing token supply, making AITECH scarcer and potentially more valuable as demand grows with the adoption of Solidus AI Tech's AI and GPU marketplaces.
Comparing Solidus with Web2 Marketplaces
Solidus Ai Tech will undoubtedly face stiff competition in the challenging AIaaS market. Here's how they stack up against some behemoth Web2 competitors:
The Future of Solidus AI Tech: 2024 Roadmap
Solidus AI Tech has an ambitious roadmap for 2024, with three key milestones set to revolutionize the AI and High-Performance Computing (HPC) industries coming up in only a few months:
AI Marketplace (MVP release in June 2024)
This one-stop shop for AI solutions will cater to developers, software creators, and end-users, offering easy access to AI models, plugins, and standalone applications. The marketplace will provide monetization opportunities for developers while ensuring quality and compliance.
GPU Marketplace (MVP release in June 2024)
Launching alongside the AI Marketplace, this platform will provide affordable access to high-quality, low-latency, and secure computing resources. It will integrate third-party HPC power suppliers and offer centralized management of cybersecurity, server health, data privacy, and protection.
Eco-Friendly HPC Data Centre (going live in July 2024)
This 8,800 sq. ft. facility in Bucharest, Romania, will prioritize energy efficiency, reducing consumption by up to 40%. It will offer cost-effective, secure, and versatile computing services while promoting European technological autonomy and environmental responsibility.
Solidus AI Tech's vision extends beyond simply providing AI services. The company aims to drive innovation across various industries by leveraging the power of AI, blockchain, and HPC. Some of the key areas where Solidus AI Tech sees significant potential include healthcare, autonomous vehicles, smart cities and public sector solutions.
CoinMarketCap x $AITECH Airdrop
To celebrate the launch of the AITECH token and to encourage community participation, Solidus AI Tech has partnered with CoinMarketCap to host an exciting airdrop event.
The AITECH x CMC $50,000 Airdrop Campaign, which runs from March 20, 2024, to April 3, 2024, offers 10,000 lucky winners the chance to receive a share of 131,580 AITECH tokens.
To participate in the airdrop, follow these simple steps:
- Visit the AITECH token page on CoinMarketCap and add the token to your watchlist.
- Comment on the AITECH token page with a [Bullish] label and explain what you like about the project. Be sure to include the tags $AITECH $ETH $BTC $BNB in your comment.
- If you're an AITECH token holder, add the token to your CoinMarketCap Portfolio.
- Follow AITECH on the CoinMarketCap Community and like, comment, and share the pinned post as well as the latest 10 posts.
- Follow Solidus AI Tech's official social media accounts (Twitter/X, Telegram, Discord) linked on the CoinMarketCap token page.
- Tweet about the AITECH Airdrop event, tag @AITECHio, use the hashtags #AITECH $AITECH, tag 3 friends, and follow @AITECHPad on Twitter.
- Fill in the airdrop form with your BSC address when the event starts.
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