Announcement on the Completion of DBC Purchase
Esteemed DeepBrain Chain Community Members:
In a previous announcement, the DeepBrain Chain Foundation announced that we would purchase at least 50m DBC from exchanges in 2 months starting from August 1st (PST) to make it easier for AI companies to buy DBC and subsequently AI computing power on the DBC platform.
We are pleased to say that we have completed purchase of said number and the DBCs will be used for the following purposes:
- investing in AI companies;
- selling to AI companies so that they can buy AI computing power from the DBC platform.
Given the huge demand for DBC, as a result of AI companies raising tokens and the demand from AI companies, the DBC to be unlocked in the future will be used to invest in and incubate AI projects to strengthen our leadership in blockchain + AI and accelerate the development of the “DECO” ecosystem.
The DECO ecosystem is composed of:
- DeepBrain Chain Foundation(core product is deepbrain chain) is the core of DECO and will incubate AI projects;
- DECO AI Ecosystem Fund to invest in incubated AI projects;
- DeepToken Foundation (core product is the DeepToken exchange) that provides a trading platform for AI tokens;
- Incubated projects(the first projects include DeepBrain and VisionX).
The First Projects Incubated by DECO
- DeepBrain（www.deepbrain.ai）—— AI voice interaction system built on top of DeepBrain Chain
DeepBrain provides a “Cloud+Chip” turnkey solution for brands, solutions providers, App developers and chip manufacturers that satisfies all kinds of needs and in particular, children products’ requirements. By providing a cloud brain that designs, customizes and manages services for children products, it enables AI products to help children’s growth.
- VisionX（VNX） — — Industry AI Chain
VisionX starts from visual inspection for industrial products and gradually expands to predicative maintenance, robotics pick and place and information curation across industry…It will provide the best cross-industry AI solutions to lead the development of industry 4.0 and serve thousands of industries with millions of AI solutions and datasets.
The DeepBrain Chain Foundation
September 29th 2018
About DeepBrain Chain
DeepBrain Chain is the world’s first AI computing platform driven by blockchain. It uses blockchain technology to help AI companies save up to 70% of computing costs while protecting data privacy in AI training. Its vision is to build a ‘’Decentralized AI Cloud Computing Platform’’ and become ‘’The AWS in AI’’.