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Openfabric AI has become the newest project to list on ChainGPT Pad! After conducting the stringent quality assurance procedures, ChainGPT has identified Openfabric AI to be a high quality project that we are excited to be supporting!<h3 id="what-is-openfabric-ai">What is Openfabric AI?</h3>As a decentralized layer 1 blockchain protocol designed to facilitate trade activity relating to AI services for the private and public sectors, Openfabric AI is the platform enabling a new generation of innovation by rehypothecating the applications of artificial intelligence through the lens of openness, accessibility, and auditability.<h3 id="openfabric-ai-features-and-functions">Openfabric AI Features and Functions</h3>Synthesizing the best of what Blockchain and AI have to offer, Openfabric AI’s system has six definitive features and functions that make it stand out.&#x1f916; Commoditizing Access to AI By reducing the infrastructural costs for running customized AI and simplifying the technicalities, Openfabric is abstract away complexity and inviting a new caliber of market participants into the fray.&#x1f465;Community As as Innovation Engine Collective Intelligence will always prove to be more resilient, balanced, and permanent than that of a select group. Openfabric taps into the social elements that drives innovation to supercharge its ecosystem.&#x1f4b9; Decentralized Marketplace An interface for transacting that is secured by the logic of smart contract deployed to the blockchain. Leveraging the open, transparent, permanence of blockchain technology, Openfabric AI will provide a secure environment for the direct exchange of assets between parties.&#x1f30c; Endless Scalability Openfabric has been carefully architected to support ecosystems of arbitrary size or computational demand without overloading the network.&#x1f91d; Trusted, Undeniable, and Reliable Inheriting the open benefits of blockchain technologies, all of the AI activity that takes place within Openfabric will always be auditable by the public and therefore adherent to a higher level of accountability. This in turn creates a positive feedback loop for building trust.&#x1f9ec;AI Interoperable Openfabric AI has developed a method that allowed AI agent to connect to one another and build on each others functionality without having to worry about the technical nuances of the individual systems.<h3 id="integrations">Integrations:</h3>Networks and technologies that have already been integrated into Openfabric AI’s stack.Algorand Harmony Avalanche Polygon Chainlink API3 Reef zkSync<h3 id="who-is-the-team-behind-openfabric-ai">Who is the team behind Openfabric AI?</h3>Superstars from the worlds of crypto, blockchain, Web3 and AI have come together to synthesize their skills and knowledge in order to realize the vision of Openfabric AI.<a href="https://www.linkedin.com/in/andreitara/" rel="noopener noreferrer nofollow">Andrei Tara</a> | Founder &amp; CEO (Chief Executive Officer) Tech Entrepreneur &amp; Polymath. Core Developer Elrond, Blockchain Researcher SkyyNetwork. CEO &amp; Founder BuyPal, TLabs. BS CS, MSc CS, PhD candidate CS.<a href="https://www.linkedin.com/in/ionceban/" rel="noopener noreferrer nofollow">Ion Ceban</a> | Core Developer Core Developer Elrond, CTO Pacioli, Co-founder &amp; Software Engineer TLabs, BS CS, MSc CS<a href="https://www.linkedin.com/in/nicolae-natea-7a81a9a/" rel="noopener noreferrer nofollow">Nicolae Natea </a>| Core Developer Real-time Software Engineer AUSY, Embedded Systems Pentalog &amp; Continental, IoT expert, BS CS, MSc CS.<a href="https://www.linkedin.com/in/ioan-t%C4%83ban-231b2765/" rel="noopener noreferrer nofollow">Ioan Taban</a> | Business Development Manager Technical Manager Compa (Bosch, Honeywell, DMG MORI), BS &amp; MSc Business Engineering.<a href="https://www.linkedin.com/in/ovidiucostea/" rel="noopener noreferrer nofollow">Ovidiu Costea</a> | AI/ML Engineer AI/ML engineer Connatix, Data Scientist Inspiricon AG, BA Information Technology.<a href="https://www.linkedin.com/in/davidpcostello/" rel="noopener noreferrer nofollow">David Costello</a> | Growth &amp; Marketing Founder PragueDAO, Director Founder Institute, Head of Growth at Kenshō Health, Social Manager DAOstack.Cristina Vasiu | Research Engineer Previously worked at TlabsNicu Taban | Research Engineer Previously worked at Tlabs<blockquote>More information about each team member, as well as links to their social media please refer to their official website &#x1f310; <a href="https://openfabric.ai/team" rel="noopener noreferrer nofollow">https://openfabric.ai/team</a> and scroll to the bottom. Otherwise, refer to the official &#x1f4c3; <a href="https://openfabric.ai/resource/openfabric-deck.pdf" rel="noopener noreferrer nofollow">Openfabric PitchDeck</a></blockquote><h3 id="partners">Partners:</h3>Layout of the professional relationships already established between Openfabric AI and other active industry participants.5ire | Router Protocol | Valist | Datality | Reef | IPFS | API3 | DeepSquare | UTU | Radom Network | Natix | DataUnion | DigiFinex | IllumishareSrg | Caduceus | API3 | Reef | zkSync | Genesis Cloud<h3 id="openfabric-ai-tokenomics">Openfabric AI Tokenomics</h3>The economic system of the Openfabric AI tokens.Token name: OFN Token Token Ticker: $OFN Total Supply: 500,000,000 Token Standard: Binance Smart Chain Network: BNB<h3 id="ofn-token-distribution-allocation">$ OFN Token Distribution/Allocation:</h3><ul><li>5.0% Seed Round</li><li>14.8% Private Sale</li><li>1.2% KOL’s Round</li><li>4.0% Public Sale</li><li>18% Team &amp; Advisors</li><li>2% Marketing</li><li>7% Liquidity</li><li>5% Partners</li><li>10% Innovators Fund</li><li>33% ecosystem</li></ul><h3 id="utilities-of-the-ofn-token">Utilities of the $OFN token</h3>Applications and benefits of Openfabric AI’s native token.Staking Capital commitments, pledging/locking value into the ecosystem.Reward Incentives for users to interact with the Openfabric ecosystem.Payments Method of conducing commercial activities that is denominated, accounted, and settled in the Openfabric AI token.Governance Access to the DAO and acquisition of governance rights. Voting, Proposing, and helping steer the direction of the project via community coordination.<h3 id="ido-specifications">IDO Specifications</h3>Details about the Initial Dex Offering on ChainGPT Pad:Price at Launch: $0.06Total Allocation: $150,000Total Token Supply: $500,000,000Date of Launch: October 17, 2023Start Date: October 17Start Time: 12:00 PM UTCRegistration Starts:October 16: 12:00 PM UTCRound 1: Guaranteed [24hrs]October 17: 12:00 PM UTC — October 18: 12:00 PM UTCRound 2: FCFS [12hrs]October 18: 12:00 PM UTC  —  October 19: 12:00 AM UTC<blockquote>Learn more about Openfabric AI and its IDO details: https://pad.chaingpt.org/buy-token/19</blockquote><h3 id="openfabric-ai-resources">Openfabric AI Resources:</h3>&#x1f310; General: <a href="https://openfabric.ai/" rel="noopener noreferrer nofollow">Website</a> &#x1f4c3; Docs: <a href="https://openfabric.ai/resource/openfabric-whitepaper.pdf" rel="noopener noreferrer nofollow">Whitepaper </a>| <a href="https://openfabric.ai/resource/openfabric-litepaper.pdf" rel="noopener noreferrer nofollow">Litepaper</a> | <a href="https://openfabric.ai/blog" rel="noopener noreferrer nofollow">Blog</a> &#x1f933; Social Media: <a href="https://twitter.com/openfabricai" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/OpenFabricAI" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.youtube.com/&#64;openfabricai" rel="noopener noreferrer nofollow">YouTube </a>| <a href="https://discord.gg/ajSA7S9gjc" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://www.facebook.com/openfabricai" rel="noopener noreferrer nofollow">Facebook</a>ChainGPT General Resources: &#x1f310; <a href="https://www.chaingpt.org/" rel="noopener noreferrer nofollow">Website</a> | &#x1f4e7; <a href="https://www.chaingpt.org/contact-us" rel="noopener noreferrer nofollow">Contact</a> | &#x1f916; <a href="https://www.chaingpt.org/style-guide" rel="noopener noreferrer nofollow">Brand</a> | &#x1f4c3; <a href="https://docs.chaingpt.org/overview/i.-introduction" rel="noopener noreferrer nofollow">Whitepaper</a>Connect with us and Join the community: <a href="https://twitter.com/Chain_GPT" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/chaingpt" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://discord.com/invite/sv2NfqSgVW" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://www.instagram.com/chaingptai/" rel="noopener noreferrer nofollow">Instagram</a> | <a href="https://www.linkedin.com/company/chaingpt" rel="noopener noreferrer nofollow">LinkedIn</a> | <a href="https://www.youtube.com/&#64;ChainGPT" rel="noopener noreferrer nofollow">Youtube</a> | <a href="https://www.tiktok.com/&#64;chaingpt_ai" rel="noopener noreferrer nofollow">TikTok</a><blockquote>source: <a href="https://www.chaingpt.org/blog/openfabric-ai-ido-on-chaingpt-pad" rel="noopener noreferrer nofollow">https://www.chaingpt.org/blog/openfabric-ai-ido-on-chaingpt-pad</a></blockquote>

Openfabric AI IDO on ChainGPT Pad

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