January 24-th held an Ask Me Anything session at ICOSpeaks telegram chat. From the AiTech side there were:
Before we go to the first set of questions, could you please do a short self-intro?
Will | Head of business development |@letthegainsbegin
Paul | CEO | @blockchaindevelepers
Liam | Advisor | @silent_one128
Hey I’m Liam I was the business and strategy advisor for the parent company Solidus Technologies during the inception stages and also advised on Solidus AI Tech. I helped raise the initial capital to get Solidus Technologies started.
Im from London, England and My back ground is finance and structuring financial instruments to raise capital for marketing and business growth.
I have been involved in the crypto scene for many years after my good friend Paul introduced me to the market, I became hooked on the possibilities of blockchain
Let’s get started!
Q: What is Solidus ai tech and how are you different
A: Let me give you the background on both companies
The parent company of Solidus Ai Tech Limited, “Solidus Technologies” were founded in December 2017 as a cryptocurrency mining firm with a particular focus on mining Ethereum (ETH) via GPU-based mining rigs.
Before Solidus Technologies launched they teamed with software development company Soft Galaxy International. Soft Galaxy assisted the establishment and maintenance many large-scale cryptocurrency mining projects throughout Europe.
Solidus Technologies raised around $5.7 million via their network of investors during the cryptocurrency market downturn of 2018. The bulk of the investment was used to GPU’s to mine Ethereum.
During the financial crash of April 2020, the demand for AI services rose significantly due to COVID-19 restrictions. Across every industry, the adoption of AI has exceeded predictions for growth. AI is creating new products, boosting revenues, reducing costs and drastically improving efficiencies. The inexorable evolution of technologies has reached the point where there is an urgent need to solve problems with high computational requirements, the solution of which cannot be provided by a single computing unit. To meet these requirements, Solidus Ai Tech has implemented heterogeneous distributed systems of unparalleled computational capacity and has secured a number of partnerships with governmental authorities and corporate entities.
Solidus Technologies’ joint venture partner, Soft Galaxy International have been approved via the European Union for a $3.5 million grant to help towards completing the existing data centre infrastructure and to scale up operations.
Solidus Ai Tech Limited were established in January 2021 as the Artificial Intelligence arm of the parent company Solidus Technologies.
Solidus Ai Tech is building an Eco Friendly High Performance Computing (HPC) Data Centre & an Infrastructure-as-a-Service (IaaS) platform where Governmental Authorities, Megacorps, SMEs and Professionals will be able to purchase Artificial Intelligence services seamlessly via the worlds first Ai utilities token AITECH token.Best thing to fully understand what we are doing is to watch our short video https://youtu.be/Bm6GLWUNXpA
Q: What makes you stand out from others? Also, what benefits do users get when joining your platform?
A: Essentially we can do it faster and cheaper due to being around 40% more efficient, we also pay less for our electricity being located in Bucharest
By using our token to purchase our AI services or super computing power you will receive a 10% discount
Q: Who are basically your direct competitors?
A: Companies like Microsoft (who we are also partnered with) Amazon or NVidia are the big providers of IaaS the AI market is forecasted to reach £389bn even 1% would be more then enough but we already hold letters of intent to use our services from government authorities and companies such as Sanofi and The Romanian Space Agency
Q: Could you share a bit about security and also what benefits you provide to investors who chose to invest in your project?
Our cyber security is currently military grade and was written by the same individual in who wrote the cyber security protocols for the Romanian Military
We have also teamed up with cyber smart defence who are one of the top cyber security companies in Europe
We are also being audited by Certik
https://www.certik.com/projects/solidus-ai-tech
Q: What specific problems you’re solving in Crypto space? AI field is very vast what specific area you’re targeting?
A: We’re providing blockchain as a service for governments and large companies
Their is a massive lack of HPC centres in Europe by completing the internals of our data centre we will solve this issuesSolidus AITECH is building a blockchain operating system for the public sector. This government enterprise solution uses smart contracts, asset management solutions, identity management solutions, and process automation.
The solution provides a private enterprise chain developed specifically for governments. It features the ability to assign different levels of access to authorised users, ensuring the independent validation of transactions and operations that establish full security and accountability while complying with relevant privacy standards.
Governmental complex computation-intensive data analysis tasks can include the following:
1. Asset Management
2. Smart Contracts for Health Care
3. Voting
4. Taxation
5. Supply Chain Traceability
6. Land Registration
7. Identity Management & Process Automation
The governmental enterprise blockchain solution enables citizens, residents and businesses to participate and manage their data, creating a secure system that will streamline government-citizen interactions while securing information against hacking and fraud
Q: Any insights around upcoming and existing partnerships?
A: Where about to announce the partnership with cyber smart defence who are part of the steffani group, we are already partnered with Microsoft
We hold letters of intent from various governmental authorities, they will use our service for things like voice recognition, face recognition, smart cities, border controlled suspicious packaging alerts and many more as explained on the videos.
Romanian Space Agency
We will be downloading satellite imagery to conduct geothermal earth imagery along with helping to predict adverse weather
Sanofi – top 10 Pharmaceutical giant
They will use use our AI infrastructure to analyse medical data to find anomalies to help find new cures and vaccines
Q: Tell us more about Tokenomics?
A: The AITECH Token is the primary way to get access to most of the core services on our platform by holding the Tokens. These benefits are otherwise available to general users. So, in essence, the Utility Token unlocks a lot of value for its long-term and loyal users. In addition, the Platform will offer Staking Rewards.
We incentivise clients to use the AITECH token rather then use Fiat by offering discounts on the price of the services they purchase using the AITECH Token.
We also plan on burning a proportion of tokens every quarter until our I-a-a-S platform is live
We’re building a Deflationary Token Economy, one of our main objectives is to limit and reduce the Token Supply long-term. Towards that, we’ve planned to take several steps. Key being using 25% of our Quarterly Profits to Buy-back and then burn tokens. This process will go on until the Total Circulating Supply comes down to 5 billion Tokens. We’re also, of course, going to offer Staking right after we finish our Token Sale Campaign, once again limiting the supply and supporting the price.
The token is Deflationary in nature and therefore the Price increase benefits, among others will accrue to the holders.
We have a total token supply of 10 billion, out of which we are selling 4 billion in our crowdfunding campaign. The remaining tokens are dedicated to the project with the majority being development, marketing, community building. Tokenomics incorporates a deflationary mechanism and includes buyback and burning to support the overall token growth with time.
So, there is a multitude of benefits for the token holders.
We are selling 4bn tokens across 3 rounds of fund raising
Our mission is build solid community who will support us throughout our journey to success. Our community will be rewarded with the following:
Staking
Following our successful launch we will offer a staking pool which will pay token holders and estimated 7.5% per annum in our AITECH utility token which can be used to purchase AI services when our Infrastructure-as-a-Service platform launches or alternatively the tokens can be held or sold on an exchange for liquidity.
Lottery Air Drop
Stakers will be entered into a lottery each quarter and the winners will be airdropped AITECH tokens until our platform launches
Burn program
Tokens from our launch that have not have been purchased will be burned. We will then burn additional tokens from the circulation supply every quarter untill our platform launches. In addition to this we will burn a percentage of the AITECH tokens that are used to purchase services on our platform to further decrease the circulation supply.
Lock up
The team & developers token allocation will be locked in a smart contract for 4 years with a small proportion being released each year on the anniversary of the launch date.
🚀
Q: Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?
Q: What is projects revenue model? In which ways do you generate revenue/profit?
A: We have a hardware plug and play model that Microsoft will be using they basically will use our Hardware for their IaaS platform clients, we also plan on releasing our own IaaS platform and Blockchain as a service platform
We make £60m profit a year once fully operational
Q: Is your project only for elite investors, what about others with small funds, is it open to everyone?
A: No anyone can invest the only stipulation at present is American citizens. Anyone can invest with a minimum of $500
Q: It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make your token more valuable and what’s your plan to maintain token price and supply?
A: We have a burn program where we plan to burn 50% of the supply and a staking platform giving circa 7.5% along with quarterly lottery airdrops
Q: Currently from where I can buy ? Is it possible that I can get only by holding it?
A: www.ai-tech.io
We will list on uniswap in May so it’s a great chance to get involved before the listing at pre sale price
Q: Can you share some Details about Recent Major Achievements done by your project? Also, what are the Future Roadmap & Targets of your project?
A: Q1 2022
– AITECH token distribution to all ICO investors
– Staking platform live
– Lottery Airdrop for everybody who decides to stake their AITECH tokens
– First order placed to purchase AI GPUs and materials
– Power grid upgraded to support HPC
– Ventilation upgraded to support HPC
– Software development commenced for customer Infrastructure-as-a-Service (IaaS) portal
– Software development commenced for Enterprise Blockchain
– Token listing on Exchanges
At the end of Q1:
– Lottery Airdrop for everybody who staked their AITECH tokens
– First quarterly payment for everybody who staked their AITECH tokens
– First AITECH token quarterly burn
Q2 2022
– Second order placed to purchase AI GPUs and materials
– All hardware and GPU clusters set up
– Software optimisation for hardware set up
– Hardware monitoring tools set up
– Cybersecurity policies implemented
– Tier 4 Data Centre requirements implement
– Additional AITECH token listings on Exchanges
At the end of Q2:
– Lottery Airdrop for everybody who staked their AITECH Tokens
– Quarterly payment for everybody who staked their AITECH tokens
– AITECH token quarterly burn
Q3 2022
– Third order placed to purchase AI GPUs and materials
– Customer IaaS portal finalised
– Enterprise Blockchain for Governmental Authorities finalised
– AI infrastructure services marketing campaign commenced
– Additional AITECH token listings on Exchanges
At the end of Q3:
– Lottery Airdrop for everybody who staked their AITECH tokens
– Quarterly payment for everybody who staked their AITECH tokens
– AITECH token quarterly burn
Q4 2022
– Forth order placed to purchase AI GPUs and materials
– Additional AITECH token listings on Exchanges
At the end of Q4:
– Lottery Airdrop for everybody who staked their AITECH tokens
– Quarterly payment for everybody who staked their AITECH tokens
– AITECH token quarterly burn
Q: How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?
A: Madalin also has a continuous contribution reflected into long term Customer relationship, building strategic partnerships with multinational companies and on-going research and development, always considering the cybersecurity market versatility and constant change that came as a requirement for staying relevant in the fight against cyber-criminals who always have found creative ways to hack organizations.
Madalin helped Stefanini Group in creating a global cybersecurity tower, capable of delivering all cybersecurity services on all continents.
Madalin is also a respected commentator on cybersecurity issues and has previously been interviewed by the likes of NBC, Fox, ABC News, Reuters, Aljazeera and USA Today.
Paul Farhi
FOUNDER & HEAD OF UK OPERATIONS
Paul is a born achiever and has very high standards in everything he does. He is a passionate entrepreneur and established himself as a successful investor very early on in his career. His main focus was on Property & Fine Art until he was introduced to Bitcoin in 2015 and since then has never looked back. During his career Paul has built a solid network and was instrumental in securing the partnership between Solidus Technologies and Soft Galaxy international. Paul is a forward thinker and identified very early on that Ethereum will be moving from proof-of-work to proof-of-stake which means that mining would no longer be the future for Solidus Technologies and began his research into Artificial Intelligence. Since then he has studied Artificial intelligence at the London Business School and has identified key areas that will be significant for Solidus AITECH in the near future. Paul also owns a Fine Art Company who are taking a serious look at the NFT space. Paul also oversees the overall Marketing efforts of Solidus AITECH.
Adrian Stoica
FOUNDER & HEAD OF INTERNATIONAL OPERATIONS
Adrian is the President of Optoelectronica and founder of Soft Galaxy. He has the mission to combine the expertise from two different worlds: hardware and software and deliver a new generation of computing and data processing to the World. This will boost the world’s technological progress into the future, opening new doors for R&D, smart devices, changing the way we are currently interacting with technology.
He is well connected within the AI industry, and works closely with government entities. He works as a Managing IT consultant with international experience and a combination of consulting experience, general management experience, leadership skills as well as entrepreneurship and business development skills. Valeriu-Adrian has broad industry exposure with a special focus on Artificial Intelligence, Cybersecurity, Military / Defence Systems, Blockchain Technology and e-government. He specialises in techno politics and alternative models of governance, with a focus on applications and decentralised architectures for Public Administration and e-government. He is also a founder of an international software engineering company, focusing on Artificial Intelligence and working on solutions for Blockchain Technology. This makes “Adrian” a vital part of the team.
Alexandru Galusca
CHIEF STRATEGY OFFICER
“Retired Brigadier General (Romanian Air Force), squadron leader in Air Force Staff operational units, Chief of Military Intelligence, Deputy Military Representative to NATO and EU. “”Ducu”” has the mission to assure the technology transfer and share his knowledge into Artificial Intelligence applied in the Defence field but also to promote the HPC capabilities within NATO, EU and the Romanian MoD. He is reponsible in implementing NATO standard cyber security policies within the company.”
Marius Opran
TECHNICAL ADVISOR
Marius is a member of the Board of Directors, Chief Scientist Defence, Security, SSA-Romanian Space Agency / Member, EU Economic and Social Committee, Expert NATO-SPS, EDA-EOST His mission is to promote worldwide state-of-the-art projects and new frontier technologies developed by Romanian scientists using his experience and knowledge.
Madalin Dumitru, Founder & CEO @ Cyber Smart Defence , part of Stefanini Group
BIO: Madalin Dumitru is the Founder & CEO of Cyber Smart Defence with 20 years + in experience cybersecurity Cyber Smart Defence was founded to respond to the growing threats in cybersecurity. During the years, Madalin and his elite’s team of ethical hackers, forming together a united, specialised team that can face any challenge in the cybersecurity field.
Q: Since NFT is popular nowadays, is there a plan for NFT integration?
A: We are planning to release 3 different types of NFT’s in the near future
Q: What is your strongest advantage that you think will make your team leading the market?
A: Solidus is also a strong supporter of the ‘Crypto Climate Accord’ which is focused on decarbonising the cryptocurrency industry by 2040. Our data center will also run 40% more efficient compared to industry standards due to our IP & evaporating cooling methods, evaporating cooling is 80% cleaner then traditional air conditioning methods. The electricity costs in Bucharest are also cheaper & internet speeds are faster than most countries in the EU meaning we can operate at lower costs and also in a more Eco friendly way then our competitors.
We are the worlds first AI utilities token to be used to purchase AI services via HPC centres like we have built. Our IP allows our hardware to operate not only faster but also more efficiently by using less electricity – this is patent pending
We use evaporating cooling systems which are around 80% cleaner then traditional Air conditioning
Crypto Climate Accords main objective is to decarbonise the global crypto industry by prioritising climate stewardship and supporting the entire crypto industries transition to net-zero greenhouse gas emissions by 2040
This will be highly beneficial for the entire crypto industry
Q: Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?
A: Yes it’s amazing how far we have come and I’m proud to have been apart of the journey from the very start
Q: I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ?
A: Any referrals you make that use your code will receive an additional 1% and you will receive 5% in additional tokens
ICOSpeaks hosted an AMA Session with the AiTech Team. That’s all for today.
Thanks to all users who participated.
Thanks, AiTech for being with us
Thanks, all and see you soon😉
Cheers 🥂
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