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You have to look for low cap that are only on DEX or small CEX and that are active and building, this require some research of course. Generally it also mean risk because you have to buy in before the mass find it and push it up, hence why research first is important. Here a good example $BAI by [blockai.dev](http://blockai.dev) (disclaimer: I'm part of the project.)
AI tokens will have a regain of hype pretty soon imo, once $FET start breaking out, the fomo on AI we be back and string. The bigger cap will perfom and many small cap AI project will have a serious race up. Look into $BAI by [blockai.dev](http://blockai.dev), doxxed team, working product, huge partners and low supply :)
$BAI by www.blockai.dev! Doxxed and experienced team, working product, multichain, low supply and nice partnerships (with the biggest of them all announced soon). It's not a meme but it's an utility token but I believe that soon the hype will switch from meme to utility/AI tokens, let's see, time will tell!!
As a developer at [blockai.dev](http://blockai.dev) i would obviously recommend our project $BAI if you are also interested into low cap. We are an experienced doxxed team with working product on 3 blockchains (Base, BSC and Waves) and some nice patners/ Inception programs (the biggest one is coming soon). We have a very unique approach about combining Blockchain and AI, for more tech details here is our documentation: [docs.blockai.dev](http://docs.blockai.dev) Regarding big cap one, my go to one are FET and NEAR :)
>I don't see what reason would a tradable token like BAI be of much use to it I can see a reason...
Mod updates: 1. AMA with the BlockAI ($BAI) Team: Multi-Chain Blockchain & AI Toolset - 3 x 100 $BAI Rewards May 23, 2024, at 2 PM CET. The 3 best questions will each receive 100 $BAI tokens on their prefered BAI supported network. BlockAI burned 1,800 moons to host this AMA. https://www.reddit.com/r/CryptoCurrency/s/TyV1MJkFWE 2. Special Memberships are Now Live on r/CryptoCurrency! Subscribe: https://ccmoons.com/subscribe More info: https://www.reddit.com/r/CryptoCurrency/s/SayRJ4n2rG
**Mod updates:** 1. **AMA with the BlockAI ($BAI) Team**: Multi-Chain Blockchain & AI Toolset - 3 x 100 $BAI Rewards May 23, 2024, at 2 PM CET. The 3 best questions will each receive 100 $BAI tokens on their prefered BAI supported network. BlockAI burned 1,800 moons to host this AMA. [https://www.reddit.com/r/CryptoCurrency/s/TyV1MJkFWE](https://www.reddit.com/r/CryptoCurrency/s/TyV1MJkFWE) 2. **Special Memberships are Now Live** on r/CryptoCurrency! Subscribe: https://ccmoons.com/subscribe More info: https://www.reddit.com/r/CryptoCurrency/s/SayRJ4n2rG
Mod updates: 1. AMA with the BlockAI ($BAI) Team: Multi-Chain Blockchain & AI Toolset - 3 x 100 $BAI Rewards May 23, 2024, at 2 PM CET. The 3 best questions will each receive 100 $BAI tokens on their prefered BAI supported network. BlockAI burned 1,800 moons to host this AMA. https://www.reddit.com/r/CryptoCurrency/s/TyV1MJkFWE 2. Special Memberships are Now Live on r/CryptoCurrency! Subscribe: https://ccmoons.com/subscribe More info: https://www.reddit.com/r/CryptoCurrency/s/SayRJ4n2rG
With Project BAI aiming to break down barriers to AI tools, i am curious what specific use cases do you envision for everyday users who might not have prior AI experience?
Ok, let me try to answer your questions 1-by-1: As towards the tokenomics: first of all, we don’t think that 10% is too much for the team. If you look at the token price, this is rather small compared to other projects. The 80% of the DAO are not necessarily for the team, there might be other teams applying for funds for projects related to BAI and the DAO might fund them. The team at no point can use these funds without first consulting with the DAO. In contrast, we rather feel that it is a strength of the project, and that is what we received also as feedback quite a lot, that the project will be further developed by our community, having a strong say in future decisions. I wouldn’t call this a risk, but a chance to create a project over a long period of time, in which the community has a strong control. As about the decision making process: that’s actually quite easy, if a user uses our platform, his voting power increases by the amount he paid for the service in question. Therefore, tricking the system will become very costly, which is basically one of the best mechanisms to prevent malicious actors. Privacy issues will be handled, if they come up in real-world use-cases, by encryption. So far, we haven’t had any request for a use-case in which privacy was an issue. Nevertheless, we are already working on different kinds of encryption (also see our answer to the question about homomorphic encryption above) reasonable for different use-cases. It basically nails down to a special class of agents, working in an encrypted environment. Of course we could have used other coins for payments too, but we have decided to use our own, mainly for having better control about the token itself. This also allow us to market the project through airdrops, support 3rd party developer using our platform easily, reward active community member with free tokens to use the services etc Also if we were to use an existing token and this token tomorrow become a security or have any kind of issue, then we have absolutely no control on this. Here the token is created and used exclusively for BAI services and this is an important aspect it terms of regulatory around utility token. There will probably be no freemium version of BAI on mainnets. However if users or projects want to test our technology, they are more than welcome to test it on the various testnets we support and thus the problem of voting power in relation to tests will not appear. This being said, if the community would really push for this through our DAO and we were to implement it, we would simply exclude requests using the freemium from Voting weight calculation. As for our own network: no, so far we don’t have such plans. Nevertheless, if this will become necessary, or reasonable, we could set up or own network, or deploy an L2 on top of an existing network. As long as the new network is based on one of our supported platforms, we should be able to deploy the solution pretty fast. Nevertheless, running our own blockchain network would need a significant amount of resources and manpower, which is currently not our main focus. Finally, as for not seeing the point of the platform and it just being a front end AI to pay with it’s own token comparing to well established platform, we can simplify it down to two simple questions: 1. Can you call these well established platforms like CGPT from a Smart Contract? 2. Can you use these well established platforms like CGPT with your blockchain account only, without monthly subscription, by remaining anonymous and not giving all your credentials or even by paying only for the task you request? That's the two main points of the platform for us.
Well, as you correctly stated, the BAI token is a utility token. It is used to facilitate access to the platform, by paying the service fees in BAI. You can see the list of every feature that currently require a fee in $BAI token here: [https://docs.blockai.dev/bai/on-chain-dapps/bnb-chain](https://docs.blockai.dev/bai/on-chain-dapps/bnb-chain) Just keep in mind that the pricing is not final and more accurate price table will be added before mainnet release. It does not give your any governance rights. Your voting power solely comes from using the platform. Since we are a fully regulated company running a utility token, we are not even allowed to do token burns. This does not imply that there won’t be any token burns in the future, e.g., the DAO’s can decide to burn some of their tokens, but that won’t be a decision by us as a company. Well, if the company would use other services, they won’t have the freedom of decisions for those too, i really don’t see much of a difference here. Using BAI would make sense in two different scenarios: combination of different AI, especially from different providers, without the need to register with all of them; and, integration of AI into Smart Contracts. That’s where we provide added value! As for examples of our Smart Contracts integration feature, not so much from DeFi, but InsureFi: imagine a car insurance that wants to develop their complete process about accidents based on a decentralized blockchain based system. In this case, it is necessary to decide whose fault the accident was. Based on historic data an AI could be trained that takes this decision and via BAI’s technology, this AI could be integrated into the blockchain based process. Actually, this very process has already been implemented as a POC and the results will soon be published on a scientific conference, the corresponding paper has just been accepted a few days ago.
Usually, infrastructure is a crucial topic for most AI projects, mainly because of the computational complexity of neural networks. Since BAI is not planning to run its own models, this does not apply for us. This being said, our architecture was developed with scalability in mind. The agent framework is completely decentralized and thus highly scalable. So even if one or the other AI needs to be run by our own (e.g., smaller neural networks, open source AGI, …), we have everything in place to provide the service in a highly scalable fashion.
1. Well, in my opinion if quantum computing rises to the point that it can break Blockchain cryptography then it will most probably be the end of the Blockchain in general therefore, the end also for most projects where the core of the concept require blockchain. The quantum resistant technology in this case has to apply more at the blockchain level rather than BAI level. At some point, if this happens, then BAI could decide to support only Quantum resistant blockchain, if any, and migrate data from other chains eventually or at least, provide them as legacy. Also since by 2025 we plan to have a Blockchain Data Caching system in place, this will also serve as a backup of the On Chain data. 2. To keep it simple, Agents are constantly running and listening to new task requests added to the different blockchains so every time a user request a task, an Agent will start to process it almost instantly, the time needed to solve a task basically combine 1) the blockchain transaction time to init the query + the request to the 3rd party API time or the local processing time if the model run locally + the blockchain transaction time to store the result. At the moment there is no feature to access data from one blockchain to another as we don’t see any reasonable use case for it but of course, if our community comes up with a legit one and requests it to be implemented through our DAO we will definitely look into it. 3. As a project just starting and not yet on the market aside of our Testnet MVPs we cannot share any businesses or entrepreneurs that implemented our services and features but we are definitely working in that direction and are discussing different projects to work together on such partnership and implementation. As for the strategy to lower the entry barrier well, the priority is to offer a similar set of features than the Web2 UI versions of the API we work with while working constantly on reducing the processing time. Ideally a system limiting the amount of transactions to sign to make multiple requests would be a good addition and we have to put the R&D team on this in near future. The facture that we use Blockchain will of course always make the processing time a bit slower than the Web2 counterpart due to the Blockchain transaction time but there is no other way to bring AI to Blockchain so a project that really need AI access to it’s smart contract or a user that really don’t want to subscribe to multiple monthly services will definitely understand and accept this compromise.
Well, technically, the project will pay for ressources, external API request etc to process all the users requests and therefore we need to be paid as well. We are a fully compliant and registered project in Hong Kong. The Regulation is very strict about Utility Token scheme and therefore, projects like us better use their own Utility token to have full control on its utility and compliance. Price in BAI for the different services will be flexible and adjusted to the price of BAI in the market so our users will always pay the same price in usd value for the services. We are not storing the results of the prompt for its own sake, but, in case of the B2C approach, in order to allow access of different AI via one interface, and in case of the B2B approach, to make AI accessible to Smart Contracts at all. That’s what sets us also apart from our competitors. Furthemore, we do not plan to run our own AI models, especially not large networks like LLM. We rather act as a standardized interface to already existing AI services. Therefore, the question on how we plan to make our model better than ChatGPT 4 doesn’t even come up. We of course plan to constantly improve, the MVPs here are just MVP, which represent the very basic version of the final product we have in mind. Over time we will add more options and optimisations to the existing features as well as support new AI and add new custom features similare to our AI Brainstorming feature for example. Here our current roadmap: https://i.redd.it/30ogr7v0562d1.gif
We envision a lot of new AI capacity to be added in future, we have several Proof Of Concept in the work, including small On Chain AI, AI Games, a general decision support system based on the QOC approach etc. Also, our project gives a lot of importance to the community needs, our BAI DAO is a very important part of the project and many of the future AI services, models etc to be added will probably come from community suggestions and votes. The Blockchain Data Caching System is very important for a blockchain project to scale. Blockchains in general are very slow (at least vs a local database) and quite limited in terms of complex queries. When a project start, it is not to much of an issue as there is not too much data stored on chain but after a while, especially if it is widely used, the queries to list all the task of a specific user filtered on several properties etc, if he has a lot of records could become very slow and eventually unusable. I learned this with my previous project (sign-art.app) when it started to get some traction in 2021 and the UI became almost unusable because of it. We had to act fast and build such a tool that solved the problem instantly. Luckily, we can take advantage of this previous work and adapt it to BAI which will ensure full scaling capacity for the future.
Marc and I have both been very active members and developers on the Waves Blockchain since 2018 for me, 2016 for Marc. Through the year, we did work and exchanged a lot together, for example I built the first NFT Marketplace on the waves blockchain (sign-art.app) on which Marc did help me build a backend tool to cache On Chain data in a local postgres database. We were also both members of the Waves Association that was helping support builders on the Waves blockchain through regular meetings. Marc is a Professor at the University of applied Science in Germany and has deep experience with AI and LLM already. Early 2023 he shared his project idea around BAI and asked me if I would be interested to join him, which of course I did as I also have a lot of interest in AI and the Multi Chain approach was very appealing to me. Basically, we both felt that it was about time to combine two megatrends in IT: blockchain and AI. We saw a lack of integration of AI technologies into decentralized applications, that’s how we came up with the idea of the callback mechanism, allowing Smart Contracts to interact with AI. On the other hand, we saw a huge fragmentation of the AI landscape, making the combination of different AI’s difficult. Therefore we developed an architecture that allows us to tackle both problems based on one technological architecture. This is how we started :)
This is more about our B2B approach, BAI is offering the Callback Feature which basically allow any on chain project to request an AI task and receive the result on chain. This means that their Smart Contract can call BAI Smart Contract directly, asking for a Gemini 1.5 Task for example by sending a call to registerTaskCallback(prompt: String, callback: String) with the the payment in $BAI token to cover the cost and two parameters: the task prompt and the name of the callback method on which the BAI contract will send the result. In return, once one of the agents has processed the task, the caller will receive the result through the provided callback. Or, without using any smart contract, any project and business could decide to use our API from a web2 UI, Website etc, the reason could be for example that they do not want to pay subscription on many different AI providers and they want to pay only as they use, per request. For this they can use our libraries, for example ou JS Client API/ Library: [https://github.com/BAIToken/nodejs-api](https://github.com/BAIToken/nodejs-api) Python version is coming soon as well.
\> AI token AMA \> AI generated questions nice another AMA, instead of asking generic AI-generated questions, ill be basing my questions based off docs and whitepaper stuff. please answer everything in bold, those are my questions. ​ Last time I saw you guys, I asked about tokenomics and how **10%** of supply is reserved for the team, with **80%** of supply to be still determined by DAO and the team. **Why is so much of the supply still in question?** To me, it raises a lot of doubts about the future of the project. Especially when there is no roadmap or goals, only promises of future developments. ​ In your docs, you say: >"Notably, the decision-making power is vested not in the hands of token holders, but instead in the platform's **active users**. " How do you determine an "active user"? If it's someone who buys BAI, and then uses the platform repeatedly, what's **stopping malicious actors from gaming the system** and passing DAO decisions that would be bad for the platform? ​ Intrinsically, the value proposition of your platform is putting AI results on the blockchain. But this comes with huge privacy risks. Obviously, blockchain data is public, and by combing through transactions, I can already see the results of other users. So, **how does BAI deal with potential privacy issues, without risking the "smart contract, dApp to dApp" interaction part of the platform?** ​ Why does $BAI need to exist? In the past AMA, you said it's for payments, **but can't you use any other coin/token?** Supposedly this is to make $BAI not a security, because it makes it a utility coin. So why doesn't BAI use a credits system (like CGPT), where more complex transactions use more credits. **Why is it using a fixed-cost sytem,** whether you input one character or a thousand, it costs the same? Also, most AI apps allow some sort of free plan to allow users to test the platform. Does BAI also plan to implement a similar plan? **If so, how does it plan to distribute decision-making power (as said earlier), if free users were to be allowed?** Lastly, the concept of AI on blockchain isn't a new one. Most big AI tokens (RNDR, GRT, FET, etc) use their own blockchain because it makes it cheaper, faster, and more scalable. While BAI is different (AI on smart contracts), **does it have any plans to make itself a mainnet and/or a blockchain solely for itself?** ​ BAI right now just seems to be a front-end to pay for AI stuff with their own token, so I don't see the point in the platform right now, especially when comparing to already-established apps like CGPT.
Thank you very much for the AMA! An all inclusive AI solution seems like an appealing prospect however I have some skepticism regarding the tokenomics of the BAI token. First of, what exactly is the utility of BAI beside governance? I have went through the docs and the only thing I could gather was "he BAI token will function as a utility token within the ecosystem and facilitate access to the platform". What exactly ensures there is no token inflation and is there some kind of burn mechanism to uphold its value? On that subject, Why would big time companies/institutions use the BAI platform over existing stand alone AI solutions knowing that they wont possess the necessary freedom when it comes to decision making since the decisions on BAI are vote based? Lastly, you have mentioned your latest innovation being a smart Contract able to assign an AI-driven task within your system. Can you give some real life example/application where this could be used and how it could elevate the DeFi space?
Fragmentation of AI tools is definitely a pain point. Having a one-stop shop for various AI services with transparent data storage on the blockchain sounds very appealing. Especially for smaller businesses and individual users who might not be able to afford subscriptions to multiple platforms. One question that comes to mind is how BAI plans to handle the computational resources needed for these AI tasks. Can you elaborate on that aspect? Project BAI reminds me of SightAI, which is another blockchain project focused on AI. However, SightAI takes a different approach, using verifiable Fully Homomorphic Encryption (FHE) to enable secure AI computations on encrypted data. This could be particularly useful for tasks that involve sensitive data, like healthcare or finance. It will be interesting to see how Project BAI and SightAI, along with other innovative projects, evolve and contribute to a more decentralized and secure AI future. Do you see any potential for collaboration between these types of projects?
Hi! Thanks a lot for the AMA! How does BAI eliminate the need for user registration and subscription fees?
AI and Blockchain technology sounds like an interesting combination but I don't see what reason would a tradable token like BAI be of much use to it. **Can you go more in-depth on what purpose $BAI serves to enhance the user experience and makes your AI more proficient?** Because as it stands, to me, $BAI doesn't sound any better than your standard Crypto Currency which abuses buzzwords like AI or NFT and ultimately are useless. What makes BAI better? Also **can you explain the tokenomics of BAI**? Did it have a fair launch? Is it inflationary or is there a set amount of BAI? Another thing. What makes your AI model better than that of ChatGPT 4, for example, which was trained with huge amounts of data scrapped from the internet and has a development team founded by Microsoft and are pioneers in AI? Why should anybody choose to use BlockAI instead of it, or StableDiffusion or any other publicly available AI.
New AMA on r/CryptoCurrency: AMA with the BlockAI ($BAI) Team: Multi-Chain Blockchain & AI Toolset - 3 x 100 $BAI Rewards May 23, 2024, at 2 PM CET. The 3 best questions will each receive 100 $BAI tokens on their prefered BAI supported network. https://www.reddit.com/r/CryptoCurrency/s/TyV1MJkFWE
Block AI ($BAI) is currently in public sale. Tier 1 listing locked and loaded. Allows access to a whole suite of AI tools without any fees. Not sure on meme coins sorry
What gave you the inspiration to start BAI?
Hi and thanks for the AMA! What kind of support and resources will be available to users who want to integrate BAI’s AI tools into their own projects or businesses?
New AMA on r/CryptoCurrency: AMA with the BlockAI ($BAI) Team: Multi-Chain Blockchain & AI Toolset - 3 x 100 $BAI Rewards May 23, 2024, at 2 PM CET. The 3 best questions will each receive 100 $BAI tokens on their prefered BAI supported network. https://www.reddit.com/r/CryptoCurrency/s/TyV1MJkFWE
Hey everyone! 🎉 The moment has arrived! The tokens from our $BAI Token private sale are now ready for you to claim. You have 7 days to purchase the amount you initially requested. Act now to secure your tokens! 🔗 Main Link: [https://buy.blockai.dev](https://buy.blockai.dev/) For direct network transactions: BNB: [https://buy-bnb.blockai.dev](https://buy-bnb.blockai.dev/) Waves: [https://buy-waves.blockai.dev](https://buy-waves.blockai.dev/) Polygon: [https://buy-polygon.blockai.dev](https://buy-polygon.blockai.dev/) Please remain vigilant for scams and ensure you only use the official links provided here.
Hey everyone! 🎉 The moment has arrived! The tokens from our $BAI Token private sale are now ready for you to claim. You have 7 days to purchase the amount you initially requested. Act now to secure your tokens! 🔗 Main Link: [https://buy.blockai.dev](https://buy.blockai.dev/) For direct network transactions: BNB: [https://buy-bnb.blockai.dev](https://buy-bnb.blockai.dev/) Waves: [https://buy-waves.blockai.dev](https://buy-waves.blockai.dev/) Polygon: [https://buy-polygon.blockai.dev](https://buy-polygon.blockai.dev/) Please remain vigilant for scams and ensure you only use the official links provided here.
Hi everyone, Christophe here, Co-Founder of BAI, don't hesitate if you have any question. Here some links to learn more about our project: **Whitepaper:** [https://docs.blockai.dev/bai/whitepaper](https://docs.blockai.dev/bai/whitepaper) **Full Documentation:** [https://docs.blockai.dev/](https://docs.blockai.dev/) **TESTNET MVPs:** [https://waves.blockai.dev](https://waves.blockai.dev/) [https://bnb.blockai.dev](https://bnb.blockai.dev/) [https://polygon.blockai.dev](https://polygon.blockai.dev/) **TO REGISTER TO THE PRIVATE SALE Before March 31 2024** [https://blockai.dev/#private\_contact\_form](https://blockai.dev/#private_contact_form)
Hi everyone, Christophe here, Co-Founder of BAI, don't hesitate if you have any question. Here some links to learn more about our project: **Whitepaper:** [https://docs.blockai.dev/bai/whitepaper](https://docs.blockai.dev/bai/whitepaper) **Full Documentation:** [https://docs.blockai.dev/](https://docs.blockai.dev/) **TESTNET MVPs:** [https://waves.blockai.dev](https://waves.blockai.dev) [https://bnb.blockai.dev](https://bnb.blockai.dev) [https://polygon.blockai.dev](https://polygon.blockai.dev) **TO REGISTER TO THE PRIVATE SALE Before March 31 2024** [https://blockai.dev/#private\_contact\_form](https://blockai.dev/#private_contact_form) **SOCIAL MEDIAS** [https://linktr.ee/blockai](https://linktr.ee/blockai)
$BAI, currently in presale until March 31, look into it, public team, MVP, multichain etc all is great for traction: blockai.dev
$BAI, currently in presale until March 31, look into it, team, MVP, multichain etc all is there: [blockai.dev](http://blockai.dev)
Well, technically, blockchain cannot run any LLM on chain, maybe small AI but major LLM would be way to big and demanding in terms or storage and ressources. Because of that, the idea of connecting Blockchain and AI, even just as a "middleware" to fetch off chain AI API still make sens. I'm developer of [blockai.dev](http://blockai.dev), which is also a Blockchain & AI project, we basically offer to run Agents similarly to how blockchain nodes work, these agents can resolve AI requests for a fee, this allow any dApp to request an AI Task and receive the result through a callback and then use it on chain. This is a needed first step to use AI in Blockchain projects. Being able to verify the requested data is indeed important and something not yet handled by most projects but we are all still early in building around this, there is way to handle it and they should be implemented as next steps. Areas we are exploring at BAI for this are a DAG based approach for oracle networks or, another possible option is using seeds, API like OpenAI for example allow to use "seed" with request which allow to generate (mostly) consitant results therefore we could image that each Agents of the network have a seed and is required to use it in all it's request. From there we could imagine to have something where everytime one agent would be processing a request, another one, selected randomly, would verify the request using the processing agent seed. Agent would get flagged and excluded if verification fail. You can read more about it: [https://cookbook.openai.com/examples/reproducible\_outputs\_with\_the\_seed\_parameter](https://cookbook.openai.com/examples/reproducible_outputs_with_the_seed_parameter)
Hello everyone, following this AMA, We are excited to announce that the $BAI registration for the private sale is now open! A total of 380,000 $BAI tokens are available, distributed between the private and public sales. You have until March 31 to register and get whitelisted for the private sale. The public sale will start a bit later, at the end of April. Registration form: [https://blockai.dev/#private\_contact\_form](https://blockai.dev/#private_contact_form) Don't hesitate ie you have any question.
We are registered in Hong Kong. Users needs to buy the utility token in order to redeem it for our services. Our token will be available for sale on our web application at the Mainnet release of the platform. Feel free to reach out to the Company Registry of Hong Kong, BAI Project is registered under BlockAI Limited, I'm the Director.
We have a predefined list of features, that we expend regularly, currently we offer the following: **Text request through:** ChatGPT 4 (3.5 on testnet), Gemini 1.5 and Orca **Image generation:** DallE 3 and Stable Diffusion 3 (coming soon) **Custom features that are unique to BAI:** Youtube video summarizer, AI Discussion, Brainstorming We are also studying the possibility of having some AI running directly on a chain. **We do see a separation from other projects mainly in three different points:** **Architecture:** we have developed a very flexible and loosely coupled architecture for our agent system, that is scalable and both directions, for adding new AI tools flexibly while on the other hand handling large amounts of requests. **Integration of Smart Contracts:** Based on our flexible agent framework, we are not only able to provide a joint user experience in a defragmented market (as explained in the answers to other questions already), but we do also allow Smart Contracts to integrate different AI’s in their process. **DAO based approach:** The future development of the project will be directed by our user base. This ensures that user demands will be registered swiftly, and again, based on our agent architecture, we can ensure to implement reasonable requests from the user base in extremely short time frames.
BAI is a utility token therefore we recommend to buy it to use the different features offered by the platform.
Hello, thank you for your question. 1. Our token is registered as Utility, we had to take some specific steps to ensure that it remain under this framework, one of them is to ditch the usual DAO model where the voting power come from the amount of token user holds. This is considered an investment and make it a security so instead, we went for a fair approach that fit the utility frame. In this approach the voting power on our DAO comes only from the platform usage. The more you use the different features the more your voting power grow. The token sale will be done from our own smart contract at the launch of the Mainnet platform and is basically a contract to buy $BAI at 1$ to be able to use the service, this also fit the utility token frame. You still have to sell the token to your users for it to be used to redeem services on the platform so this don't necessary put a tokens under security. We have been advised to do things this way and this have been confirmed by our accountant as well base on our juridiction. 2. There is 10% (1M) allocated to the team but these are locked for 3 years. There is no token allocated to any VCs yet, if this change, we will publicly announce it. 120 000 Tokens are allocated to the Waves DAO that funded our development with 100 000$. 1M (880 000 left) tokens are allocated for the token sale (selling the token to users) that will take place over 3 years, 500 000 the first year, 300 000 the second year and 200 000 the 3rd year. Remaining 8M are locked and can be used only by DAO votes if agreed by our community.
Mod updates: 1. Moon Week 46 is over - we are working out the implications and will post an announcement about the polls that passed soon. 2. Latest AMA is by the BAI project, \[a multi-chain project that aims to democratize access to AI services. March 5th, 2 pm. 3 x 100 $BAI for best questions\](https://www.reddit.com/r/CryptoCurrency/s/8UjwyGQxv1). BAI burned 2,100 moons to host this AMA. 3. A new \[Sponsored Post on r/CryptoCurrency by Soloneum who is pioneering a new era in digital finance with its novel XEVM technology built on its secure layer-1 resource efficient Proof of Work blockchain\](https://www.reddit.com/r/CryptoCurrency/s/kHobtFzWaZ). Soloneum burned 5,400 moons to sponsor the post. 4. Mods are Giving away 1k Moons to celebrate $69K BTC and the Upcoming Formation of a Moon Dao. \[To Win all you have to do is leave a top level comment. Winners will be selected randomly roughly 24 hours after this post goes live\](https://www.reddit.com/r/CryptoCurrency/s/VLRgF0lxwB).
Thank you for your feedback and questions, we have a predefined list of services, that we expend regularly, currently we offer the following: **Text request through:** ChatGPT 4 (3.5 on testnet), Gemini 1.5 and Orca 2 **Image generation:** DallE 3 and Stable Diffusion 3 (coming soon) **Custom features unique to BAI:** Youtube video summarizer, AI Discussion, Brainstorming Note that all these features are ether accessible from our Web UI with a blockchain account: [https://bnb.blockai.dev](https://bnb.blockai.dev) [https://polygon.blockai.dev](https://polygon.blockai.dev) [https://waves.blockai.dev](https://waves.blockai.dev) Or from any Smart Contract through a dApp to dApp call. We are also studying the possibility of having some AI running directly on a chain as well as many other very unique features currently in test lab. We also have an open DAO (https://bnb.blockai.dev/dao) where anyone will be able to discuss idea, new implementations etc and then we will put it up for voting to our community. If the vote is successful, we would research and implement the feature, as long as it is 1) technically possible 2) Legal and not going against our terms and juridication.
Mod updates: 1. Moon Week 46 is live! [Go forth and vote on our governance polls using your Moons balance via the blockchain](https://www.reddit.com/r/CryptoCurrency/comments/1b0ym5e/moon_week_46/)! 2. Latest AMA is by the BAI project, [a multi-chain project that aims to democratize access to AI services. March 5th, 2 pm. 3 x 100 $BAI for best questions](https://www.reddit.com/r/CryptoCurrency/s/8UjwyGQxv1). BAI burned 2,100 moons to host this AMA. 3. A new [Sponsored Post on r/CryptoCurrency by Soloneum who is pioneering a new era in digital finance with its novel XEVM technology built on its secure layer-1 resource efficient Proof of Work blockchain](https://www.reddit.com/r/CryptoCurrency/s/kHobtFzWaZ). Soloneum burned 5,400 moons to sponsor the post. 4. Mods are Giving away 1k Moons to celebrate $69K BTC and the Upcoming Formation of a Moon Dao. [To Win all you have to do is leave a top level comment. Winners will be selected randomly roughly 24 hours after this post goes live](https://www.reddit.com/r/CryptoCurrency/s/VLRgF0lxwB).
Hello, as your chat is not open, please reach out to me in chat so we can coordinate to send you the NFT you won and that will allow you to claim 100 $BAI tokens at token launch.
Mod updates: 1. Moon Week 46 is live! [Go forth and vote on our governance polls using your Moons balance via the blockchain](https://www.reddit.com/r/CryptoCurrency/comments/1b0ym5e/moon_week_46/)! 2. Latest AMA is by the BAI project, [a multi-chain project that aims to democratize access to AI services. March 5th, 2 pm. 3 x 100 $BAI for best questions](https://www.reddit.com/r/CryptoCurrency/s/8UjwyGQxv1). BAI burned 2,100 moons to host this AMA. 3. A new [Sponsored Post on r/CryptoCurrency by Soloneum who is pioneering a new era in digital finance with its novel XEVM technology built on its secure layer-1 resource efficient Proof of Work blockchain](https://www.reddit.com/r/CryptoCurrency/s/vtCroEkaJA). Soloneum burned 5,400 moons to sponsor the post. 4. Mods are Giving away 1k Moons to celebrate $69K BTC and the Upcoming Formation of a Moon Dao. [To Win all you have to do is leave a top level comment. Winners will be selected randomly roughly 24 hours after this post goes live](https://www.reddit.com/r/CryptoCurrency/s/VLRgF0lxwB).
Our architecture is developed with scalability in mind. We have dockerized our agent framework already, so that it can easily be integrated into larger kubernetes infrastructures and easily be deployed to a large number of Cloud Computing providers. I seriously do not see that BAI itself will fall in the trap of shortage of computing power. Additionally, the whole strategy of the BAI architecture is to provide a seamless, fully decentralized web3 user experience.
Thank you everyone for participating and asking a lot of very interesting questions. To keep in touch with us and follow our project please join our social media, you can find all of them in our linktree: [https://linktr.ee/blockai](https://linktr.ee/blockai) Also, don't hesitate if you have more questions, here are the 3 winners for the best questions: FrostyPangolin6417 MalletSwinging OriginalPancake15 I will contact you here on reddit chat,, you will need a Waves address to receive hte NFT, i'll assist you to create your address if you don't have one. You will be able to claim 100 $BAI tokens with this NFT at our token launch. Congratulation.
Well, personally, i would say that i like the following two approaches the most: 1) Democratization of AI services: BAI's mission is to become the one-stop-shop when it comes to using AI services. On our platform, you can easily combine different AI based services without the need to register for all those different services. 2) Integration of AI into Smart Contracts: This feature actually allows to combine and streamline two current megatrends: decentralization / blockchain and AI. Apart from those more use case and user centric approaches, i think clearly differentiate in other aspects too. Namely our architecture, which was developed having flexibility and scalability in mind. We have already proven that we have been successful in providing both by easily integrate new agents in the platform, scale those agents and by easily porting our platform to different networks.
You mean spamming of AI tasks? Well, I seriously doubt that we will see a lot of spamming on this end: AI tasks are only accepted by the system if they are paid (in BAI tokens). Therefore, spamming the system would be very costly. If it would happen anyway, we have a highly scalable agent infrastructure in which we would just spawn agents that fulfill the (then paid) tasks.
We chose the multi-chain approach on Testnet to show that we are capable of building it on different chains, this was needed during our funding rounds. As for the multi chain approach in general, it was decided like this because we believe the services should be available on every chain so users can use it on their favorite chain. As for why should users use it over the centralized access: 1. When it comes to the use of the services for retails, through the web UI, there are several advantages, first, we offer a wide range of services, some are available in web2 like ChatGPT, Dalle etc but some are not, like the Brainstorm or AI Discussion features. Also the idea is to add new services regularly, all available in one place, without monthly recurring subscription, without giving your personal information and paying only for what you use per request. Another important aspect, all data is stored on the blockchain, if tomorrow one of the web2 services disappears, all your data disappears with it, unless you use BAI. 1. We do not only offer the Web UI feature (as well as a telegram bot), this is just one aspect of our services but another important one is our smart contact callback system, this allow any smart contract on supported chain to do a dApp to dApp call to our smart contract, requesting an AI task and received the response, all this on chain. This is not possible using web2 only.
While technically possible, the question is if the user base wants this, because it might affect the tokenomics of the BAI token. Therefore, we would like to discuss that questions with our user base first and if the majority of the user base agrees, we could implement it.
Well, we have developed a couple of different use cases in which our platform could benefit other projects, ranging from financial topics and DeFi, over gamification and GameFi, decentralized insurance, support of supply chains, and so on. We are very thrilled by the pace of the development of the whole AI ecosytem and enjoy being part of it. One important aspect for BAI's future will definitely be to stay on top of this movement and to integrate new developments very fast in our platform. Last but not least, we also have plans to actively participate in AI research, e.g., by dealing with topics like explainable AI. Here, we will definitely not take a grounding research approach, but we see a lot of room for smaller research projects on the interface between research and application.
**Let me start with the first part of your question, about what new we bring to the table:** Here, BAI follows two approaches, on the one hand, we try to democratize the access of AI tools. Currently, the AI market is very fragmented. When users want to use different AI tools, e.g., also to combine them, they have to register at those different services, get different user accounts, have different payment plans, … a mess! Here we start by unifying the access to different AI tools just via the users blockchain address. Second, we have created an approach in which AI tools can easily be integrated in decentralized applications based on blockchains. Due to the oracle problem, Smart Contracts are not able to access Web2 service like Web2 applications. Here, BAI implemented an approach that allows for Smart Contracts to spawn their AI tasks and as soon as those tasks are solved, the Smart Contracts get a callback and can then continue their work based on the results from the AI. Since this may sound very abstract, let me draw two examples, which we are currently working on, that illustrate this aspects a bit better: **First scenario:** *Imagine a car insurance company that created an AI, based on millions of accidents, that decides who should get a payout after an accident. Based on BAI’s technology, a fully automatic POC has been implemented in which the participants of the accident provided their information to a Smart Contract, the Smart Contract raised an AI task to decide who gets a payout and based on the decision of the AI, the Smart Contract made the payments. Yes, we understand that there are still legal questions to solve around this scenario, yet, we have proven that it would be technically feasible.* **Second scenario:** *Part of the team is involved in a research project in which we support the supply chain for small and midsize companies via a decentralized application. Here, one critical aspect is that at each step of the supply chain in which a good is transferred from one partner to another, we plan to implement an AI based risk analysis of the participating partners in order to check if business interaction with this partner is trustworthy. Again, this connection between the AI and the Smart Contracts controlling the supply chain, is possible due to BAI’s technology.* I hope the examples make the use-cases a little bit more understandable. **Now let me come to the second part of your question, mainly about tokenomics:** Yes, tokenomics are a particularly important topic, basically for every blockchain based project with its own token. At the same, we do perfectly agree, it is a point that could easily decide about the success or failure of the project, (mostly) independent of the rest of the project. We have detailed our tokenomics in the whitepaper, if there are any questions open, please let us know and we will clarify. In detail, the idea is to bring the token to market in very small doses. For the first year, we only plan to sell 500k tokens at $1. 120k$ of those tokens have already been sold in financing rounds. For the second year, we plan to only sell 300k tokens, followed by 200k in the third year. Therefore, after three years, we will only have 1M tokens on the market, which is basically 10% of the 10M BAI tokens in existence. From the remaining 9M tokens are 1M reserved for the funding team, which will also only be paid out after three years (therefore, we are intrinsically motivated that the tokenomics work! ;) ), and 8M are reserved for our DAO process in which our community will be able to suggest and support new services and projects on the platform. Therefore, with the largest part of tokens in hand of community decisions, we believe that we will be able to provide solid tokenomics for the project. Yet, we plan another AMA shortly before our public token sale, in which we could also deepen the topic of tokenomics. That being said, we are always open for suggestions from the community. So if you have any suggestions, especially regarding the tokenomics of the project, you are more than welcome to formulate those.
**As for the tokenomics:** We have created 10M BAI tokens. For the first year, we plan to only sell 500k tokens at $1. 120k$ of those tokens have already been sold in financing rounds. For the second year, we plan to only sell 300k tokens, followed by 200k in the third year. Therefore, after three years, we will only have 1M tokens on the market, which is basically 10% of the 10M BAI tokens in existence. From the remaining 9M tokens, 1M tokens are reserved for the funding team, which will also only be paid out after three years, and 8M are reserved for our DAO process in which our community will be able to suggest and support new services and projects on the platform. Therefore, with the largest part of tokens in hand of community decisions, we believe that we will be able to provide solid tokenomics for the project. Yet, we plan another AMA shortly before our public token sale, in which we could also deepen the topic of tokenomics. That being said, we are always open for suggestions from the community. So if you have any suggestions, especially regarding the tokenomics of the project, you are more than welcome to formulate those. Please also check the description of our tokenomics in our whitepaper. If there is anything unclear, please let us know, we would be very happy to clarify! **As for your question about scalability:** our agent framework is designed with scalability in mind. It is a loosely coupled framework, in which we can easily increase the number of agents for a particular AI service. The services are dockerized, so that we could even deploy them in a kubernetes infrastructure, which could auto-scale with demand. That being said, we are aware that this is still not an out of the box feature and will demand some work, yet, we are prepared for it from an architectural point of view!
Can you list 1-3 killer features of BAI that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about ?
The price will be in $BAI, there is no planned subscription at the moment, the main idea is to not have to register separately on many different AI services with several monthly subscriptions but rather access all of them by paying only per request. The $BAI price per request could be adjusted if the token price fluctuates. This being said, we are open to our community feedback and if they want a subscription based system, we could study it eventually. BAI will take all its decisions though its DAO [https://bnb.blockai.dev/dao](https://bnb.blockai.dev/dao) where the voting power will come from the platform usage rather than token holding to ensure that the platform is managed and tailored by its active users.
We have a predefined list of services, that we expend regularly, currently we offer the following: **Text request through:** ChatGPT 4 (3.5 on testnet), Gemini 1.5 and Orca **Image generation:** DallE 3 and Stable Diffusion 3 (coming soon) **Custom features:** Youtube video summarizer, AI Discussion, Brainstorming We are also studying the possibility of having some AI running directly on a chain. We do invite everyone to come up with their own idea or AI and suggest it in our DAO, if the community wants it, we would be more than happy to implement them. As for the question about generating their own BAI, do you mean them to generate a $BAI token? I’m not sure this is what you mean but here the cool thing about BAI, the Agent (back end script that performs the tasks) will eventually be open for anyone to run it, similar to blockchain nodes. In the future, we could imagine a list of trusted agents, run by the community and users could select which agent to use for their requests and then, the chosen agent would receive the $BAI fee for his work.
Well, on the one hand, the AI tasks are stored by simple transactions. Therefore, BAI is limited to some extend by the possible throughput of the underlying blockchain network. Yet, we don't see a problem here, since the networks which we currently operate on, seem to have enough performance. On the other hand, the AI tasks need to be solved by off-chain agents. Here, we developed a loosely coupled architecture that allows to easily scale the amount of agents running and thus the number of AI tasks that could be solved in a given time.
BAI provides different Smart Contracts in order to ensure its operations. Mainly there is one contract for organizing the AI tasks raised by users and/or Smart Contracts, and one contract for the DAO which allows the deep integration of our user base in the future direction of the platform.
We are currently running the solutions on three different test networks, namely Waves, Polygon and BNB. Our approach for adding new EVM based networks is very flexible, so that we can easily add new EVM based networks. Since BAI is not running on its own blockchain, there is not special consensus mechanism used by our solution. We just utilize the consensus mechanism of the underlying platform, as every other dApp does.
How does BAI leverage artificial intelligence (AI) technologies within its platform, and what specific functionalities or features does AI enable? Can you provide examples of how AI algorithms are utilized within BAI to enhance user experience, improve decision-making processes, or automate tasks? Given the rapidly evolving nature of AI technologies, how does BAI stay abreast of the latest developments and incorporate cutting-edge AI innovations into its platform?
In what ways does AI contribute to BAI's mission of providing innovative solutions within the cryptocurrency and blockchain space? How do you envision AI shaping the future of the project?
Privacy and data security are paramount concerns when it comes to AI. How does BAI ensure data privacy and protection while leveraging AI technologies within its platform?
1. "Could you provide insights into the purpose and objectives of BAI's testnet? How does it contribute to the development and refinement of the project?" 2. "What specific features or functionalities are tested on the BAI testnet, and how do you ensure the accuracy and reliability of test results?"
How does the BAI team solicit feedback from users and developers participating in the testnet? How do you incorporate this feedback into the project's development roadmap?
What measures does BAI have in place to address any issues or bugs identified during the testnet phase? How do you prioritize and resolve these issues to ensure the smooth launch of the mainnet?
Can you provide details on the timeline for the BAI testnet, including any upcoming milestones or key developments that users can expect?
How does the BAI team solicit feedback from users and developers participating in the testnet? How do you incorporate this feedback into the project's development roadmap?
Considering the questing platform initiative you mentioned on a previous event, which aims to reward community engagement with BAI tokens, could you elaborate on how the design and selection of quests align with the strategic goals of BAI, especially in terms of fostering innovation and collaboration within the blockchain and AI sectors?
What ethical considerations and security concerns arise from allowing Smart Contracts to autonomously manage AI tasks, and how does BAI address these issues?
Could you detail the process through which an AI task is initiated, processed, and completed within the BAI ecosystem, highlighting the interactions between different components?
Interoperability is becoming increasingly important in the blockchain ecosystem. Does BAI have plans to collaborate with other blockchain projects or networks to enhance interoperability? If so, how?
Security is paramount in the crypto space. Can you discuss the security measures implemented within BAI's technology stack to safeguard users' assets and data?
Scalability is often a concern in blockchain projects. How does BAI address scalability challenges, particularly as the project grows and attracts more users?
How does BAI leverage advanced technologies like smart contracts or decentralized applications (DApps) to facilitate its operations and enhance user experience?
Could you delve into the underlying technology behind BAI? What blockchain does BAI operate on, and what consensus mechanism does it utilize?
Mod updates: 1. Moon Week 46 is live! [Go forth and vote on our governance polls using your Moons balance via the blockchain](https://www.reddit.com/r/CryptoCurrency/comments/1b0ym5e/moon_week_46/)! 2. We are finally booked out for AMAs for March, with 8 AMAs scheduled. The banner is rented out until early June now. 3. Latest AMA is by the BAI project, [a multi-chain project that aims to democratize access to AI services. March 5th, 2 pm. 3 x 100 $BAI for best questions](https://www.reddit.com/r/CryptoCurrency/s/8UjwyGQxv1). 4. A new [Sponsored Post on r/CryptoCurrency by Soloneum who is pioneering a new era in digital finance with its novel XEVM technology built on its secure layer-1 resource efficient Proof of Work blockchain](https://www.reddit.com/r/CryptoCurrency/s/PvnSffnbsD). Soloneum burned 5,400 moons to sponsor the post.
Could you elaborate on the tokenomics of the BAI token, including its utility within the platform and the incentives for token holders? Also, since I'm a software architect, one question comes to mind - How does BAI plan to address scalability challenges, especially considering the potential high demand for AI services on the platform and the scalability limitations often associated with blockchain networks? Thanks and hope you guys make it. <3
Cool, another blockchain AI project... Intrinsically, what does BAI bring to the table that other projects haven't? The premise of smart contracts + AI sounds good in theory, but in reality things always go different. Many tokens promise that they will change the world, only to die a few months later as tokenomics takes over. What can the BAI team ensure that their token doesn't suffer the same fate? I see questions (and answers, I suppose) relating to the use of this token in the services mentioned, but could you please explain and elaborate further?
Will the price in $BAI for subscriptions modulated to reflect a fixed price in $USDT or it will be exclusively in $BAI?
Do you have a list of precompiled AI services on offer, and/or will you allow users to design their own? Will there be an opportunity for users to leverage their own AI compute to generate BAI?
BAI project burned 2,100 moons to host this AMA. Transaction: https://nova-explorer.arbitrum.io/tx/0xcd38b25a7553ac41be17d1f11e476cc110424606b3b8df0137679dbfbe935968
BAI project burned 2,100 moons to host this AMA. Transaction: https://nova-explorer.arbitrum.io/tx/0xcd38b25a7553ac41be17d1f11e476cc110424606b3b8df0137679dbfbe935968
BAI project burned 2,100 moons to host this AMA. Transaction: https://nova-explorer.arbitrum.io/tx/0xcd38b25a7553ac41be17d1f11e476cc110424606b3b8df0137679dbfbe935968
BAI project burned 2,100 moons to host this AMA. Transaction: https://nova-explorer.arbitrum.io/tx/0xcd38b25a7553ac41be17d1f11e476cc110424606b3b8df0137679dbfbe935968