Summary
Artificial intelligence has become a key part of the digital transformation in the world today. However, it requires a lot of High Performance Computing power. The European market has always suffered from a lack of access to cheaper HPC power due to a variety of factors. An insufficient number of European facilities can only provide 5% of the total required resources. The existing system also suffers from latency issues that can create bottlenecks in the communication process. As it stands, many European industry players rely only on expensive U.S. facilities for their computing power.
To put an end to this dilemma, Solidus AI Tech aims to provide unmatched speed, lower costs, and efficiency through large data centers based out of Europe. To improve accessibility, they will accept payments in cryptocurrency and / or fiat currency.
Solidus AI Tech is a computation network that provides organizations with computing power for working on projects that require high performance computing power. The project aims to provide unparalleled sources of computing power to government authorities, corporations, SMEs, professionals, the metaverse, and Play2Earn projects. They have built an 8,000 square foot eco-friendly HPC data center in Bucharest, with future plans to expand them all across Europe.
The goal is to bring forth Artificial Intelligence-as-a-Service (AIaaS) and Blockchain-as-a-Service via licenses using the project’s main utility token, the AITECH token, as a payment gateway. Furthermore, Solidus AI Tech is preparing to offer rental HPC power through its unique Infrastructure-as-a-Service platform.
About the team
Solidus AI Tech has been developed by a team of experts in high-end computing who wanted to solve the gap between the demand for and supply of high-performance computing power. They are launching the World’s first delationary Artificial Intelligence utility token (AITECH).
The parent company of Solidus AI Tech is Solidus Technologies, which is a UK-based company that was incorporated in 2017 as an Ethereum (ETH) mining operation and has since shifted focus into the Artificial Intelligence sector.
The project is headed by co-founders Paul Farhi and Adrian Stoica. Mr. Farhi is a serial entrepreneur and successful investor who played a major role in securing the joint venture partnership between Soft Galaxy International and Solidus Technologies. Mr. Farhi’s expertise is in raising funds and networking to move businesses forward. Mr. Stoica is well connected within the AI industry, and works closely with government entities. He also has broad industry exposure with a special focus on Artificial Intelligence, Cybersecurity, Military/Defence Systems, Blockchain Technology, e-government and heads up the technical arm of the company.
A few other notable names on the team are Jason Hung as the Asian markets advisor, Ian Scarffe as a general advisor, and the recently appointed Amir Yazdi as their Launchpad and KOL advisor.
Project Details Overview
| Name | Solidus AI Tech |
| Website | https://www.ai-tech.io/ |
| Founded on | Jan 2021 |
| Partners | Polygon, CertiK, Galaxy Arena, CoinPayments, Metaverse standards forum and many more. |
| Tokenomics | AITECH |
The above section provides some of the highlights of this project and its main aim, which is to provide high performance computing power at lower costs and faster for entities in Europe. Below is a rundown of some of its salient features, which set it apart from similar projects.
Key Features
- Reduced running costs of HPC data center : AI Tech has an HPC data center based in Bucharest. It is housed in a green energy facility where it can access low-cost electricity and some of the fastest internet speeds available in Europe. The project’s hardware will also operate around 40% more efficiently than industry standards thanks to its Intellectual Property (IP). This will allow them to deliver HPS services at faster speeds and lower price points compared to their peers. Users will be able to pay using the project’s native token, AITECH, to obtain an additional discount.
- Better performance : Compared to all existing services, Ai Tech will provide unmatched speeds and reduced costs thanks to its unique IP software and cloud hosting. Computing services are delivered on-demand or when additional requirements arise.
- Intellectual Property :AI Tech’s research and development team is constantly working to minimize the power consumption of data centers while trying to improve efficiency. They have already achieved a 40% lesser power consumption for their existing hardware compared to the industry average. The project’s AI hardware will operate on the same IP, which will make the data centers very eco-friendly.
- Green computing : All data centers owned by AI Tech will run on highly efficient algorithms. With a secure, sustainable environment, companies can prioritize climate goals and carbon targets when choosing their services. They will use evaporative air cooling technology, which consumes 80% less energy than compressor air conditioning. Also, AI Tech implements special software algorithms and customized hardware architecture, which will make the power consumption of one high-performance HPC server similar to that of a normal household light bulb.
- Level of security: AI Tech will use a Vulnerability Monitoring Platform that automatically discovers the assets in the data center. This is achieved by using a highly secured protocol that does not use IP or MAC addresses. It then compares the hardware and software components with more than eighty different data sources to detect vulnerabilities in real time. The project has also started to apply its NATO compliant roadmap and governance model.
- Building deflationary token economy via burn program : To build a deflationary economy, Solidus AI Tech has limited the total circulating supply. The supply is expected to be reduced by 50% over time to induce long-term growth. This will be done by removing tokens from the circulating supply and burning them. A definite percentage of the AITECH tokens that the platform receives from users will be burned to maintain a deflationary token economy. This way, Solidus AI Tech is not just a speculative investment but rather a project with solid fundamentals and long-term growth plans.
Rise Of AITECH - Metaverse and Play2Earn Game
Uses of the AITECH Token
AITECH is the project’s native token, which is an ERC-20 token running on Ethereum. It has a variety of use cases, which we will discuss below. By utilizing this token, clients can access discounts on computing power supplied through the project’s Infrastructure as a Service (IaaS) platform.
Discount on IaaS Platform
Clients can purchase AITECH tokens to obtain a discount on their services when they are operational.
AI Marketplace
AI Tech is currently developing an AI marketplace for software developers to launch their applications via a profit share agreement.
Staking
After launching their AITECH token, staking pools will be made available. Token holders will get rewards in additional tokens for staking, which can then be used to purchase AI services from the platform. Alternatively, users can hold the tokens and sell them in an exchange for liquidity.
Metaverse and Play2Earn gaming
The AI Tech team is developing their Play2Earn Metaverse ‘Rise of AITECH’ game, which is being developed on the very latest Unreal Engine 5. The AITECH token will also be utilized as P2E rewards in the game.
Hence, the revenue streams for this project are as follows;
- High Performance Computing (HPC) power
- Artificial-Intelligence-as-a-Service (AIaaS)
- Blockchain-as-a-Service (BaaS) and
- Artificial Intelligence marketplace
Features
Use cases
Safety and Security
Customer service
4.5
(Overall Rating)
- Staking will be available on the platform
- The native AITECH tokens serve numerous use cases
- Solidus follows a deflationary economy for long-term growth
- Provide high performance computing power at significantly lower cost
- Web3 projects will be able to purchase HPC services via cryptocurrency
- Electricity costs have risen which will impact profit margins but as they are based in a green electricity location it has not had a significant effect on the business forecast
- There are other HPC providers but AI Tech are working closely with corporations to tailor solutions and will have many unique services available
- Since AI Tech is a fairly new project, it may be a concern for some investors
Conclusion
Solidus AI Tech is on a mission to build one of the world’s finest state-of-the-art infrastructure data centers. The fruition of these centers will allow clients all over Europe to obtain high-computing power at lower costs and faster speeds.
Frequently Asked Questions (FAQs)
What is the maximum supply of AITECH?
The total number of AITECH tokens is 2 billion.
Is there a referral code for AITECH?
Participants need to purchase a minimum of $500 worth of AITECH tokens to obtain a referral code. When a referral uses the unique code and buys AITECH, he or she will receive a bonus of 1% of additional AITECH tokens, while the referral receives 5%.
Is KYC required?
In order to participate in the AI Tech ICO, token holders need to complete KYC.
