DeepCloud AI is proud to announce its integration with Binance Chain, a blockchain software system developed by Binance and the community. With the migration to Binance Chain, DeepCloud AI will be converting its ERC-20 DEEP token standard to the BEP-2 standard and submitting a listing proposal on Binance DEX, the decentralized exchange feature developed on top of the Binance Chain blockchain. What attracted DeepCloud AI to issue and apply to launch its DEEP token on Binance DEX is the DEX’s low-latency and high throughput, and more trustless user interface for future holders of the DEEP token
“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system,” said CZ (Changpeng Zhao), CEO of Binance. “With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.”
DeepCloud AI’s CEO, Max Rye, also chimed in regarding the decision for the massive chain migration:
“[Our] commitment to Blockchain adoption can have no bigger supporter than Binance. Moving forward we are excited to announce a lineup of projects in the pipeline that will utilize our cloud fabric and blockchain, thereby seeing the real value of our utility token.”
About DeepCloud AI
Launched in 2017, DeepCloud AI is a decentralized cloud computing platform that uses an Artificial Intelligence matching-algorithm to pair Resource Providers with Network Users. The unique value proposition of DeepCloud AI enables end-users to capitalize (and monetize) their excess computing resources to other users across the world, in return for DEEP Tokens. Additionally, the platform protocol will provide resources for developers looking to build Web 3.0 decentralized applications and platforms for Internet-of-things integrations. More information on the project can be read here and information on the ongoing pre-sale can be read here.
DeepCloud AI team’s been busy establishing partnerships across the world and hosted its first hackathon with Intel earlier this year. In January, the team signed a Memorandum of Understanding with the National University of Singapore (NUS) that highlighted four areas of cooperation. This past month, DeepCloud AI incorporated a legal entity in Mexico as part of a nationwide rollout of its services for the Mexican federal government. DeepCloud will utilize its global network of decentralized cloud computing resources to track government vehicle registration for around 9.6 million automobiles. DeepCloud AI’s CTO, Geeta Chauhan, is a former CTO of Nokia and has recently been recognized by Intel as one of the leading software innovators in the space.
About Binance Chain
Binance Chain, a blockchain software system developed by Binance and the community, is a community-driven development project with developers and contributors from all over the world.
Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain. Visit here for more information on Binance’s mission for decentralization.
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All the best,
The DeepCloud AI Team