farsta: AI District

AI District

What it is exactly?

AI District is a decentralized autonomous organization (DAO) built on the Binance Smart Chain (BSC) network, aimed at exploring and investing in cutting-edge AI projects in the cryptocurrency space. The project is designed to offer a seamless and secure platform for community members to participate in AI research and development while enjoying community-driven benefits.

From where it exists?

The idea behind AI District originated from a group of AI and blockchain enthusiasts who saw an opportunity to combine the power of these two technologies to create a new and innovative platform for the AI community. They envisioned a community-driven platform where members could come together to collaborate, share knowledge, and invest in AI projects.

What is its mission?

The mission of AI District is to create a vibrant and collaborative ecosystem for the AI community, where members can participate in AI research and development, earn rewards through staking and investment, and enjoy a range of community-driven benefits and services. The project aims to provide a platform for knowledge sharing, collaboration, and innovation, and to help bring innovative AI projects to market through incubation and acceleration services.

Our vision

The vision of AI District is to be a leading player in the AI and cryptocurrency space, known for its cutting-edge AI projects, its vibrant community, and its innovative use of blockchain technology. The project aims to bring together the best minds in AI and blockchain to create a platform that drives innovation and growth in the AI community.

Technologies used

AI District is built on the Binance Smart Chain (BSC) network, which provides a fast, secure, and low-cost platform for decentralized applications. The project uses a combination of smart contracts, non-fungible tokens (NFTs), and a voting system to manage community interactions and decision-making. The project also uses a suite of AI analytics tools to help members make informed decisions about AI projects and investments.

Why BSC?

Why we have chosen Binance Smart Chain (BSC) as our network of choice.

Speed and Scalability: BSC has a block time of just 1 second, which is much faster compared to other blockchain networks such as Ethereum, which has a block time of 15 seconds. This faster block time means that transactions are processed much quicker, making it suitable for our platform which requires fast and efficient transactions. Additionally, BSC has the ability to process 100 transactions per second, allowing for a scalable solution that can accommodate our growing user base.

Low Cost: BSC offers lower gas fees compared to other networks, which allows us to provide more cost-effective services to our users. This low-cost structure means that our users will be able to interact with the AI District DAO platform without incurring excessive fees, which is important for widespread adoption and growth.

Interoperability: BSC is fully compatible with the Ethereum Virtual Machine (EVM), which means that our platform can easily integrate with existing Ethereum-based dApps and tools. This interoperability allows us to leverage the existing ecosystem and bring innovations to the AI community.

Security: Binance is known for its security and reputation in the cryptocurrency space, and BSC is built on the same principles. This high level of security is critical for the success of our platform and the protection of our users' assets.

AI Implementation

The integration of Artificial Intelligence (AI) into the AI District platform has the potential to revolutionize the way we interact and utilize the platform. The use of AI can improve the efficiency and accuracy of various applications and features within the AI District, leading to a more streamlined user experience.

One of the key ways AI can be integrated into AI District is through the use of decentralized applications (dApps) and smart contracts. Decentralized AI models can be deployed on the blockchain to provide decentralized, secure, and transparent AI services. This will allow for AI-powered applications and services to be provided to the community without the need for a centralized authority, resulting in improved privacy and security.

One approach to implementing AI in AI District is to leverage decentralized applications (dApps) and smart contracts. dApps can provide a secure, decentralized environment for the development and deployment of AI models and algorithms, while smart contracts can provide a transparent and automated means of executing transactions and executing business logic. This can help ensure that the AI marketplace operates in a fair and secure manner, with minimal risk of tampering or fraud.

One potential application of AI within the AI District platform is the creation of AI-powered bots for various communication channels, such as Discord, Telegram, Twitter, YouTube, Web3, and websites. These bots can be trained to provide a variety of services, including answering user questions, assisting with transactions, and providing recommendations and insights based on user data.

Use cases for AI in AI District can be found across a wide range of areas, including market analysis, investment management, community engagement, and event management. For example, AI can be used to analyze market data and provide investment recommendations to members, helping them to make informed decisions about their portfolios. It can also be used to automate various community engagement activities, such as voting and event management, helping to streamline these processes and improve efficiency.

To make the most of AI in AI District, we also need to develop AI-powered bots for popular messaging platforms such as Discord, Telegram, and the web. These bots can be programmed to provide users with a range of information and services, such as data analysis, market insights, and investment recommendations. They can also be used to automate various tasks and functions within the platform, such as tracking investment performance, executing trades, and managing community voting.

Another potential use case for AI within AI District is the integration of AI models into the AI Marketplace. AI models and algorithms could be sold and purchased through the marketplace, providing a valuable resource for developers and researchers within the AI community. AI-powered applications and services could also be developed and sold on the platform, providing new revenue streams for the community.

Overall, the integration of AI into AI District has the potential to greatly enhance the platform, providing improved services and new revenue streams for the community. By leveraging decentralized technologies and smart contracts, the community can ensure the privacy and security of AI-powered applications and services.

Key Features

Key Features refer to the most important and distinctive aspects of a product or service that make it unique and set it apart from its competitors.

Community Rank by NFT: Members can purchase a community rank assigned through an NFT, which is mined at their discretion. Ranks provide members with varying levels of voting power and influence in the project.

DAO Voting: Members can participate in DAO voting by staking tokens and owning a community rank through NFT. They can decide on the future direction of the project, including which AI projects to research and invest in.

Treasury Investment: The treasury or tax funds collected through the smart contract are used for potential investment into the delegated AI project. The delegated project must pass a proposal, vote, and AI risk verification before potential reward.

Index Fund Value: The value of the AI District Index Fund is calculated based on the value of all tokens invested and accumulated in the treasury investment wallet. The value of the index reflects the overall performance of the AI projects invested in by the community.

Staking: Members can earn rewards by participating in staking and contributing to the growth of the AI District community.

AI Community Hub: AI District serves as a hub for the AI community, providing a platform for knowledge sharing, collaboration, and innovation. Members can participate in AI-related events and initiatives, such as hackathons, AI tool development, and research projects.

AI Incubation: The project provides incubation and acceleration services for AI startups, helping to bring innovative AI projects to the market. The incubation program is designed to provide mentorship, resources, and support to help startups succeed.

AI Marketplace: AI District operates an AI marketplace where members can buy and sell AI-related products and services, such as data sets, models, and algorithms.

Token Economics

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, vo

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.

Roadmap

Q1 2023

Product Ideation and Development: The development team will focus on conceptualizing and creating the initial product vision, conducting research and development, and finalizing the product design.

Contract Deployment: The smart contract functionality will be deployed and tested on the Binance Smart Chain blockchain to ensure proper functionality and security.

Community Gathering and Fundraising: The project will engage with the community, gather feedback, and raise funds through presale or other fundraising efforts.

NFT and Staking Alpha Tests with Community: The project will conduct alpha tests of the NFT and staking functionalities with the community to gather feedback and make improvements.

Marketing and Partnerships: The project will focus on building partnerships with other organizations and businesses and on developing a comprehensive marketing strategy.

Official Launch: The official launch of the AI District platform will take place, marking the beginning of its journey as a decentralized platform for the development and deployment of AI-powered applications and services.

Q2 2023 - Q1 2024

Expansion of AI Technology: The development team will focus on expanding the AI technology used in AI District, including the integration of advanced AI algorithms and models.

Development of Decentralized AI Applications: The platform will be used to develop and deploy decentralized AI applications, including but not limited to predictive analytics, recommendation systems, and natural language processing.

Integration of Interoperability Features: The platform will be integrated with other blockchain platforms to allow for seamless interoperability between different blockchains and to increase its reach.

Continued Community Engagement and Feedback: The project will continue to engage with the community and gather feedback to ensure that it is aligned with the needs and desires of its users.

Expansion of Marketing and Partnerships: The project will expand its marketing efforts and continue to build partnerships with organizations and businesses to increase its visibility and reach.

Q2 2024

Release of Advanced AI Features: The platform will release advanced AI features, including real-time analytics, machine learning, and computer vision capabilities.

Development of Decentralized AI Services: The platform will be used to develop and deploy decentralized AI services, including but not limited to data storage, data analysis, and model training.

Expansion of Interoperability: The platform will continue to expand its interoperability features, allowing for seamless integration with other blockchain platforms and providing a unified experience for users.

Continued Community Engagement and Feedback: The project will continue to engage with the community and gather feedback to ensure that it is aligned with the needs and desires of its users.

This development roadmap outlines the key goals and milestones for the AI District project from Q1 2023 to Q2 2024. By focusing on expanding its AI technology, developing decentralized AI applications and services, and integrating interoperability features, AI District aims to become a leading platform for the development and deployment of AI-powered decentralized applications and services. With continued engagement with the community and ongoing marketing and partnership efforts, AI District is poised to make a significant impact in the blockchain and AI industries.

Roadmap Disclaimer:

The development roadmap is subject to change based on a variety of factors, including unforeseeable technical difficulties, changes in market conditions, and resource constraints. The project team will make every effort to adhere to the timeline outlined in this roadmap, but please be aware that it is possible that some milestones may be delayed or shifted. The information contained in this roadmap is for informational purposes only and does not represent a commitment or guarantee by the project team.