Solidus AI Tech Raises $4.35M in Private AITECH Token Sale
[PRESS RELEASE – Please Read Disclaimer]
Solidus Ai Tech is a computation network that distributes computing power to organizations working on complex AI projects requiring high computing power. The company’s signature AITECH token offering swiftly raised $4,354,795 million in a private sale and is now poised to enter the second and third phases: the pre-sale and public sale. AITECH tokens can be bought, staked, or held.
Founder Paul Farhi said: “The vital role of Solidus Ai Tech is to finalise the Artificial Intelligence infrastructure of our new high performance computing Data Centre that will be used by Government Authorities, Megacorps, SMEs and Professionals for AI services. Our AITECH token will enable purchasing of AI services via our soon to launch Infrastructure-as-a-Service platform.”
Solidus Ai Tech expects to raise $42.8 million in total to purchase hardware, ventilation, cooling systems, internal parts, racking systems, CCTV and security as well as to develop, design, build and market its new Infrastructure-as-a-Service (IaaS) platform. Eventually, additional Data Centres in Europe will be built on land identified by joint-venture partner Soft Galaxy International. All Data Centres will follow the company’s unique protocol which runs at around 40% more energy efficient vs. the industry standard.
Solidus Ai Tech’s tokenomics rewards stakeholders in a variety of ways.
- Staking via our staking pool will pay token holders an estimated 7.5% per annum in the AITECH utility token, which can be used to purchase AI services when the IaaS platform launches. Alternatively, the tokens can be held or sold in exchange for liquidity.
- Lottery Air Drop – where stakers will be entered into a lottery each quarter and the winners will be airdropped AITECH tokens. The lottery will be live up until the point of when the IaaS platform launches
- Burn program – where tokens from the launch that have not have been purchased will be burnt. The company will burn additional tokens from the circulation supply every quarter up until the point of when the IaaS platform launches. In addition to this, the company will burn a percentage of the AITECH tokens that are used to purchase AI services on the IaaS platform to further decrease the circulation supply
- The team and developers’ token allocation will be locked in a smart contract for four years with a small proportion being released each year on the anniversary of the launch date
To buy AITECH tokens, visit www.ai-tech.io
About
Founded in December 2017, Solidus Technologies started as a cryptocurrency mining firm with a particular focus on mining Ethereum (ETH) via GPU-based mining rigs. In the wake of the 2020 financial crash and the significant boost in demand for AI services, the company shifted its core focus to Artificial Intelligence and incorporated Solidus Ai Tech to become the AI arm of the business. Solidus’ Artificial Intelligence infrastructure will enable Government Authorities, Megacorps, SMEs, and Professionals to purchase AI services using the world’s first AI utility token AITECH. AITECH can be bought, staked, or held.
OhNoRipple via https://www.ohnocrypto.com/ @Press Release, @Khareem Sudlow