A Recap of EpiK Protocol AMA in Đecentralized Člub

Section I

Q1. Can you provide some details from the founding team of Epik Protocol?

Elizabeth: Our founder James Lim, graduated from the National University of Singapore, with 4 years of international blockchain technology experience. He served as senior director of a well-known public chain, responsible for leading the international expansion of BD. He was the former head of Singapore mine. Also the former Head of the Blockchain Association of Singapore.

The team is built up by blockchain veterans with years of industrial practice and talents from top universities. And the CTO, Leo Wang, Master of Computer Science from Tsinghua University, former chief architect of a well-known public chain project, with 3 years of blockchain technology research and development experience, has led the development of public chains, digital wallets, Bounty platform, and many well-known DApps.

For the CMO, Eliza Yan, a friend of the founder, graduated from Singapore Management University, She had helped establish a blockchain community of 100,000 people in 2019. The market cap of the project had ranked top 20. Early investors had a return rate of about 200.

Q2. Can you tell us what problems the Epik Protocol is planning to solve?

this could be a complicated one, let me try my best to clarify. The core of enabling machines with cognitive intelligence is to enable machines with the ability to understand things. The realization of this ability is inseparable from large-scale, structured background knowledge. The current industrial solution for structured background knowledge is the knowledge graph, KG in short. It can be said that the realization of machine cognitive intelligence relies on KG technology. However, KG construction — processes such as modeling, acquisition, extraction, disambiguation, fusion are difficult to be automated, thus immense manual intervention is needed. Large Internet/AI enterprises are able to build their own KG base, while SMEs can only access others’ API services. To challenge the status quo, EpiK envisions building a decentralized KG using blockchain technology, which creates a trusted, multi-party collaboration platform, where all trusted contributors are rewarded fairly.

Q3. On your way to achieving your goals, what is the biggest obstacle you faced, and what is the most significant milestone you achieved?

One of the obstacles is designing the EpiK collaboration mechanism, which includes Domain Experts, Bounty Hunters, Knowledge Miners, and Knowledge Gateways. the other one is building the 4 core capacities: trusted storage, trusted finance, trusted governance and trusted incentive. Only by establishing the underlying logic, we will ensure the robust growth of the EpiK ecosystem.

For the achievements, we have now entered the final stage of testnet, where we have distributes 5 million $epk rewards by today. There will be more rewards for premining before the mainnet launch, 10,000 $epk each day. We are enthusiastic to see that over 9,000 miners have participated in the premining and more are joining up.

We have seen our community’s support by the token price lol! It has gone up by 40% recently. could check out in the wallet app. Also, we have just finished our first product Knowledge Mainland v1.0, the alpha will be released soon and we are recruiting more ambassadors/volunteers to give a try and give back feedback for refinement! They could sign up to the admin in our tele group: https://t.me/EpikProtocol

Q4. What are the Epik Protocol plans for this year?

We are going to release the Knowledge Mainland v1.0 soon. The mainnet is going to launch soon after all the problems in the premining are solved. We have approached CEX and EpiK will be listed after the mainnet launch. More products will be released this year, including Knowledge Congress v1.0, Knowledge Mainland v2.0, etc.

we could have a look at the Knowledge Mainland v1.0

Moreover, we have initiated our first batch of Domain Experts and Bounty Hunter Recruitment Plan, come and apply for it!

Be a domain expert to sort out the knowledge or a bounty hunter to complete the data tasks!

Domain Expert:

https://docs.google.com/forms/d/e/1FAIpQLSdvyInslFIZ9vuS-O0kKX_CkCi4mLZZPc2klksdTiBOHq0f2w/viewform

Bounty Hunter:

https://docs.google.com/forms/d/e/1FAIpQLSfrxhCaf4iyqm9PfcK2IvNKMPkE9UOQTGPYtG6NcCtzdrPffw/viewform

Section II

Q1: The motto of your project is “Building a vault of eternal knowledge”, but could you really tell us what is related to “eternal knowledge”? Will it be based on the knowledge that lasts in Time or Unlimited knowledge?

The way of human knowledge inheritance has evolved from word of mouth to inscriptions, then bamboo slips, papers, before finally to the Internet today. However, traditional forms of human knowledge such as text, pictures, and videos are difficult to be understood by machines.

Google resolved this by introducing knowledge graph (KG) technology, laying the foundation for today’s Artificial Intelligence (AI) advancement. KG uses structured entities, concepts, relationships, and other elements to represent human knowledge. A KG is very much similar to the bionic system of the human brain neuron system, where the connection of neurons is like the connection of nodes in the knowledge graph — the denser the connection, the smarter it is. Only this way allows machines to understand and explain the data. So that explains the” eternal knowledge”. The KG base will be the knowledge base that lasts for good.

Q2: You point out that the only project in the blockchain industry that applies the token economic model and leaves the money circle, but how does this really affect Epik Protocol and its human knowledge base in a decentralized way?

There are many challenges in creating a large-scale high-quality KG:

Firstly, the documentation of human knowledge across the vast domains is not a job that can be completed independently by an organization, a company or even a country.

Secondly, the process of constructing a quality knowledge graph is highly labor-intensive and time-consuming.

Lastly, the high cost of constructing a KG acted as a high barrier of entry into this industry.

Most companies are unable to construct their own KG for their needs and have to rely on third parties’ KG to build cognitive abilities, subjecting themselves to the risk of maliciously tampered data, which will affect their AI at the end of the day. That’s how EpiK comes into the picture, in our perfect scenario, an immutable, decentralized KG that promotes global collaborative efforts via fair rewards will propel. The evolution of AI from perceptual intelligence to cognitive intelligence.

Q3: I read you decided to build EpiK on a Filecoin Layer2 storage network. Could you tell us why FileCoin will be beneficial for EpiK? Why did you decide to use this storage network and not others like VeChain or Dash that are considered to be its competitors?

EpiK Protocol tapped on Filecoin’s decentralized storage technology to achieve trusted storage. The underlying technology of Filecoin is IPFS protocol, a peer-to-peer network for storing and sharing data in a distributed system. However, IPFS is lacking in an incentive mechanism and an anti-fraud mechanism. In EpiK Protocol’s KG collaboration network, instead of large file storage, most files will exist as small bin-log files for effective and efficient collaboration. To achieve seamless integration between both platforms, EpiK protocol relies on Filecoin core technology to customize a Filecoin Layer 2 storage network for KG collaboration network and collect KG data on Layer 2 through various incentives.

EpiK Protocol Layer 2 network retains the trust of Filecoin Layer 1 network while focusing on the collaborative efforts of constructing KG data of various domains, which are stored as bin-log files in EpiK Protocol network. Anyone can download the bin-log files and execute them to restore a graph database locally. Users can upload the database snapshot to the Filecoin network for rewards as well. The friend who asked this question must be familiar with Filecoin! We want to engage people from the Filecoin ecosystem to together expand the IPFS community!

Q4: You mention in your Medium blog that “the fourth industrial revolution is approaching, and with it various types of AI are entering our lives”, but are there really different types of AI depending on their use? Could you explain to us a little more in detail about the different AI?

The on-chain knowledge graph is the first step in the cognitive intelligent application. Its efficiency in data processing and knowledge processing inference will upgrade existing AI products and provide more effective solutions, potentially even as new forms of commercial products.

According to the Knowledge Graph Industry Whitepaper, at the end of 2020, it is expected that the scale of economic growth driven in China by knowledge graphs will exceed 15 billion dollars. to answer the questions, here are some potential use case scenarios of knowledge graphs: Smart Medical Guidance services for patients.

Educational KG: Continuous, real-time, actionable data that furnishes examination feedback embedded with student progress, envisaged a personal knowledge graph for exercise push and effective tutor.

Smart urban utilization applications such as risk alert, holographic archives, data retrieval, funnel analysis

For more use cases you could check out whitepaper https://www.epik-protocol.io/EPIK-whitepaper-en.pdf.

Q5: I read that EpiK Protocol integrates Ethereum Virtual Machine(EVM), can you tell us more about it and what advantages could this give you your users? Also, will Ethereum Gas Free problem affect you somehow? If so, what plans do you have for this?

EpiK Protocol’s trusted financial capability is derived from Decentralized Financial Technology (DeFi). It is a scenario where mainstream crypto holders enjoy dividends from participating in EpiK Protocol’s decentralized knowledge graph ecosystem.

Firstly, the user converts BTC to eBTC through the cross-chain gateway on EpiK Protocol. Then, he/she shall stake eBTC to borrow EPK tokens through EpiK’s lending service. With the received EPK tokens, he/she may consider the various routes to participate in EpiK’s ecosystem:

• Mine EPK: Stake EPK to become a miner; or
• Be a Domain Expert: Vote for yourself or others to become a Domain Expert to receive continuous EPK rewards; or
• Simply retrieve data: Stake EPK to download any required knowledge graph data.

With the integration of Ethereum Virtual Machine (EVM), EpiK Protocol can not only support Compound-like lending services but also easily interact with other Defi platforms such as Uniswap and Hegic, providing a smooth entry for any interested crypto holders to explore Epik's decentralized knowledge graph ecosystem. After the mainnet launch, users need not worry about eth gas fee. Let’s look forward to it!

Q6: Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Do you have any special plans to attract and expand the community and improve the user experience?

We strongly agreed that community support is very important. We have established a large community with various backgrounds. Epik knowledge community has data annotation service providers, such as ChinaSoft. Open-source data providers, such as Big Data Lab of Tsinghua University, OpenKG, OK Foundation. Data service providers such as DR.SEEK International and academic institutional partners such as Tsinghua University and Tongji University.

Our miner community includes over 9,000 nodes, cloud mining service providers,s and mine partners such as MineDaddy. HU-AN Technology, JadePool Blockchain, and multi-site mine partners. Aside from Chainlink, we are also approaching projects in the big data field and IPFS such as OceanProtocol, Big Data Protocol to increase the common value of our ecosystem.

Host: We have not talked much about your tokens, could you give us some detail of its supply, value, and where we can buy it?

The total supply is 1 billion. For now, it is on uniswap, you could trade it in the epk wallet app https://www.epik-protocol.io/wallet

The premining is still in process. 10k epk rewards for each day!

Live Question

Q1: On your Twitter it says that when the expedition team enters Knowledge Mainland, they will go through several challenges. What’s the difficulty that can be encountered in the wildernesss with each challenge? What are the rewards when surviving alone in the Mainland?

For the upcoming knowledge crowdsourcing app — Knowledge Mainland v1.0, here is some scratch. The user is actually completing simple annotation tasks by playing games in the app. we have a setup like surviving in the wilderness. By completing tasks users are unlocking knowledge fragments. Thus they could finish their own knowledge map.

The rewards will be epk points, which can be converted into epk tokens. the conversion rate is 10:1, 10 points to 1 epk. So play around the game and get money reward is the whole idea.

Q2: Could you please explain about EpiK Protocol governance system? About tokenomics, hardcap & Softcap tokens EpiK Protocol? What are the processes or qualifications to be part of this governance? Do token holders have the right to participate in project governance?

As we mentioned, the total supply is 1 billion epk. 20% which is 200 million is allocated to the investors. 70% 700 million is reserved for miners. EPK holders are the participants of the governance. In epik we believe the power of the people, by the people, for the people. Anyone who stakes 1,000 epk could be the epk miner. To become domain experts, you need to gather 100,000 votes. That makes the system fair and open to everyone. People could elect their domain experts with free will.

Q3: Why did you choose the project called Epik? Where do you get inspiration from?

We’ve been asked this question a lot. People confused EpiK with Epic very frequently. Epik’s mission is to broaden AI’s recognition, by building an everlasting human knowledge vault.

EPIK means Epigraphic Knowledge

which is the knowledge inscribed on stones

So that’s a really interesting metaphor haha!

Q4: Everyone knows, if you want to go fast, go alone, but if you want to go far, you go with your partners, so with Your Project which partners will promote and help Your Project reach and achieve the project’s goals?

Sik has quoted the famous lines I’ve seen with many DAO projects

If you want to go fast, go alone; but if you want to go far, go together.

The DAO implementation — trusted governance is crucial to the decentralized KG collaborative platform. We need to engage more individuals and institutes in the ecosystem so that we could advance the project. Because the work of constructing large-scale KG, never could be done by only one party. With the help of blockchain technology, by introducing a trusted incentive — the token economy, we could then motivate every single one to contribute to the KG world.

For now, we have partnered with academic institutions, data annotation companies, data services companies, and my corporates. We are still looking for valuable partners and always open to more opportunities!!! Lastly, I want to highlight that our Ambassador Program is about to kickstart! Everyone is welcome to join the Knowledge Mainland world and Epik network!

To explore around the KG metauniverse. You can sign up to the tele admin https://t.me/EpikProtocol

· EpiK APP Download

· EpiK Twitter and Telegram Channel (For the latest news)

· EpiK Telegram Community

· EpiK Reddit, Facebook, and Discord

· EpiK Medium (For the latest articles)

·EpiK GitHub (For the full set of code)