jiang: AI District

AI District

The vision of AI District is to be a leading player in the AI and cryptocurrency space, known for its slice- edge AI systems, its vibrant community, and its innovative use of blockchain technology. The design aims to bring together the stylish minds in AI and blockchain to produce a platform that drives invention and growth in the AI community. Technologies used AI quarter is erected on the Binance Smart Chain( BSC) network, which provides a fast, secure, and low- cost platform for decentralized operations. The design uses a combination of smart contracts,non-fungible commemoratives( NFTs), and a voting system to manage community relations and decision- timber. The design also uses a suite of AI analytics tools to help members make informed opinions about AI systems and investments.

AI District began from a group of AI and blockchain suckers who saw an occasion to combine the power of these two technologies to produce a new and innovative platform for the AI community. They envisaged a community- driven platform where members could come together to unite, partake knowledge, and invest in AI systems. What’s its charge? The charge of AI District is to produce a vibrant and cooperative ecosystem for the AI community, where members can share in AI exploration and development, earn prices through staking and investment, and enjoy a range of community- driven benefits and services. The design aims to give a platform for knowledge sharing, collaboration, and invention, and to help bring innovative AI systems to request through incubation and acceleration services.

Why BSC? Why we’ve chosen Binance Smart Chain( BSC) as our network of choice. Speed and Scalability BSC has a block time of just 1 alternate, which is important faster compared to other blockchain networks similar as Ethereum, which has a block time of 15 seconds. This briskly block time means that deals are reused much hastily, making it suitable for our platform which requires presto and effective deals. also, BSC has the capability to reuse 100 deals per second, allowing for a scalable result that can accommodate our growing stoner base. Low Cost BSC offers lower gas freights compared to other networks, which allows us to give further cost-effective services to our druggies.

This low- cost structure means that our druggies will be suitable to interact with the AI District DAO platform without incurring inordinate freights, which is important for wide relinquishment and growth. Interoperability BSC is completely compatible with the Ethereum Virtual Machine( EVM), which means that our platform can fluently integrate with being Ethereum- grounded dApps and tools. This interoperability allows us to work the being ecosystem and bring inventions to the AI community. Security Binance is known for its security and character in the cryptocurrency space, and BSC is erected on the same principles. This high position of security is critical for the success of our platform and the protection of our druggies’ means. AI perpetration The integration of Artificial Intelligence( AI) into the AI District platform has the implicit to revise the way we interact and use the platform. The use of AI can ameliorate the effectiveness and delicacy of colorful operations and features within the AI District, leading to a further streamlined stoner experience. One of the crucial ways AI can be integrated into AI District is through the use of decentralized operations( dApps) and smart contracts. Decentralized AI models can be stationed on the blockchain to give decentralized, secure, and transparent AI services. This will allow for AI- powered operations and services to be handed to the community without the need for a centralized authority, performing in bettered sequestration and security.

Token Details :

Involves specifying the token’s supply, distribution, and value proposition, as well as its role within a larger ecosystem.

Token Issuance: AI District will launch its native token, the AID token, with a maximum supply of 100,000,000 tokens. No private sale will be conducted and only a presale will be conducted before the launch of the token.

Distribution: The distribution of the AID token will be divided into different phases and will be launched on Pancakeswap, with the potential for listing on centralized exchanges in the future. The following is the planned token distribution schedule:
Presale allocation: 36.9% of the total supply to be sold during the presale

Liquidity Pool allocation: 17.35% of the total supply to be sold during the initial launch on Pancakeswap

Programs & Rewards allocation:

22.5% of the total supply is to be sold or distributed over the next 12 months through various community incentives and rewards programs DAO, Voting & Index Fund: 22.5% of the total supply is to be locked up for the AI District Index Fund to provide stability to the token’s value.

Token Supply: The total supply of the AID token is 100,000,000 and no additional tokens can be minted as the token contract is immutable.

Inflation Rate: The AID token will have a built-in tax of 4% that will be applied to every transaction and redistributed back to token holders as an incentivized reward program.
Incentivised Reward Program: The back-to-holder system will be implemented in the smart contract.

Governance Model: The governance model of the AID token will be transparent and community-driven, allowing token holders to vote on key decisions related to the development and growth of the AI District ecosystem.

AI District Index Fund: The AI District Index Fund will consist of 22.5% of the total supply of the AID token, locked up for stability and to provide liquidity for the token. The fund’s composition and rebalancing will be transparent and subject to community governance.

AI District Index Fund Lock-up: The lock-up period reserved for investments will have a lock-up period of 24 months with 4 unlocking periods for the period of 12 months

Release Schedule: The entire 100,000,000 AID tokens will be released into circulation over the next 24 months through the different distribution phases as outlined above.