AIC Network Introduces AI Crypto

May 10, 2018

Cryptocurrency called ‘AI (Artificial Intelligence) Crypto’, which is the first South Korean cryptocurrency that combined AI technology with blockchain technology, is going to go through ICO (Initial Coin Offering) globally at the end of this month.
Talented people who received doctorate degrees from Seoul National University and KAIST (Korea Advanced Institute of Science & Technology) have gathered to push for a large-scale project that utilizes AI Crypto as an AI research platform. This cryptocurrency is the first attempt that combined AI technology and blockchain technology.
AIC Network (CEO Lee Sung-jae and Seol Jae-ho) announced that it is going to carry out the first presale of AI Crypto from the 9th until the 16th of this month.
AI Crypto is creating an AI ecosystem based on blockchain. Main purpose of AI Crypto is to reduce costs that are used for research on AI and to collect data that are necessary for such research more easily. AIC Network focused on vitalizing exchanges between AI researchers and data providers through a compensation system using AI Crypto.
AI Crypto provides platforms to researchers so that they can utilize platforms as services or products to apply AI technologies to entire industries such as face recognition, chatbot, and voice recognition.
AIC Network set up a separate AI Crypto Society for this project. This society is composed of AI researchers, AI developers, and startup companies and it will help to distribute compensations fairly amongst qualified people who share their abilities in AI field.

Presale of AI Crypto will start on the 9th. <Presale of AI Crypto will start on the 9th.>

AIC Network has Seol Jae-ho, who has a Ph.D. degree in AI field and has carried out research for more than 10 years, as the co-CEO of AIC Network and it is carrying out its main research with him at the center. “We are going to become a leader in AI and blockchain technologies that are expected to have explosive growths.” said co-CEO Seol Jae-ho.
AI Crypto also has excellent advisors such as Chairman Park Chang-ki, who is the founder of Boscoin that has significant influence on South Korea’s blockchain industry, lined up.
“We have had difficulties with costs and supply and demand of manpower while we were carrying out our research on AI.” said co-CEO Lee Sung-jae of AIC Network. “Support from a separate platform is needed to commercialize AI, and AI Crypto will be the solution to that.”
AI Crypto’s website has gathered 70,000 preliminary investors in just 3 weeks and its telegram chatting room has gathered more than 20,000 people. AI Crypto is recognized of its value from global ICO listing sites such as ICO Markets, Wiser ICO, and ICO Bench that gave AI Crypto 9.6 out of 10, 5.0, and 4.6 out of 5 respectively.
Participation in the first presale is done through Ethereum (ETH) and it requires KYC (Know-Your-Customer) procedures beforehand. When a person becomes a member and finishes KYC procedures, AIC Network notifies that person of his or her application status through a registered e-mail. AIC Network is going to provide 20% additional bonus for those who participate in the first presale. AIC Network’s goal in total amount of Ethereum that it collects during the first presale is 50,000 Ethereum. Total AI Crypto supply will be 1 billion coins.
Official date of AI Crypto is the 30th of May. Beta service and official service are expected to take place in December of 2018 and June of 2019 respectively.
Staff Reporter Gil, Jaeshik | osolgil@etnews.com

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