GAINS Associates
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GAINS Associates

Solidus AI Tech — Telegram AMA — December 10

On Friday, December 10, we had the pleasure to welcome to our Telegram chat:

Anurag
Paul
Liam
Will

We asked them questions about the development of Solidus AI Tech.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

Using its full stack of enterprise tools, Solidus 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 authorized users, ensuring the independent validation of transactions and operations that establish full security and accountability while complying with relevant privacy standards.

Solidus AITECH constantly innovates and utilizes new technologies, and they will grow securely. This requires an end-to-end cyber risk strategy driven by our executive leadership team. The strategy balances the requirements to be secure, vigilant, and resilient with strategic objectives. Solidus AITECH implemented their NATO-compliant roadmap and governance model to support security priorities in an era where cyber is everywhere.

Solidus AITECH has put significant effort into the tokenomics and token model. As such, the token has been designed to reflect the success of the platform and to incentivize a healthy ecosystem, bringing together token holders and AI platform clients. Solidus will distribute the profits evenly to all investors staking their tokens up until our (IaaS) platform is live. The profit accrued will be based on each investor’s holding.

AITECH token holders will maximize the value of their tokens by staking for an efficient factor (EF). A user’s EF will be directly proportional to the amount of AITECH tokens that are staked multiplied by the number of months (m). Staking will occur via smart contract. While staked, AITECH tokens cannot be traded, sold, or used in any way. To stake AITECH tokens, users must submit a request and wait for a certain amount of time. Users can reclaim all staked tokens.

Introduction

Q — Ayeley from GAINS: Please tell us about yourself. What did you do before crypto and did you have any other previous venture in crypto?

A — Liam from Solidus: Hey I’m Liam. I was an 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.

My background is in finance and structuring financial instruments to raise capital for marketing and 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

A — Paul from Solidus: Hi I’m Paul Farhi & one of the founders of Solidus AI-Tech. I have very high standards in everything I do. My main focus was property and fine art until I was introduced to Bitcoin in 2015. Since then I have built a strong network in the cryptocurrency sphere and secured the partnership between Solidus Technologies and Soft Galaxy International.

I am a forward thinker and identified very early on that Ethereum would be moving from proof of work to proof of stake meaning that Ethereum mining for Solidus Technologies would no longer be possible in the near future. I then studied Artificial Intelligence at the London business school & identified key areas that would be significant for the Solidus AI Tech project.

A — Anurag from Solidus: Thanks for having us here today. I’m Anurag, an Advisor to Solidus AI Tech. Background-wise, I’m the Ex-CEO of BarterTrade, a Crypto Exchange based in Dubai. I’m the Co-Founder & CEO of PrimaFelicitas, a Bleeding-edge end-to-end Blockchain Technology Solutions Development Company, based in San Francisco, London, and New Delhi. Otherwise, I’m an Entrepreneur, sit on the Advisory Board of several Blockchain companies, consult on implementing emerging technologies such as AI, Blockchain, IoT, and am a regular Keynote speaker at Global Technology Conferences.

Overall, I have 19 years of experience and have led Global Organizations. Hold an Engineering degree from the Indian Institute of Technology (IIT) and a Master’s in Business from Stanford University. It is nice to connect with you all here, looking forward to our session today.

A — Will from Solidus: Hi, I’m Will Dyer and have worked with Solidus from 2018 to now and am now heavily involved with Solidus Ai Tech mainly on the marketing side. My core skills are business development, marketing and client retention.

About Solidus AI Tech

Q — Ayeley from GAINS: For those hearing about the project for the first time, what is Solidus AI-Tech about in a few simple sentences?

A — Paul from Solidus: Please watch our video. It will explain who we are & what we doing in 2 min

A — Anurag from Solidus: To add to Paul and the Video below is the synopsis. The EU consumes nearly a third of global High-Performance Computing (HPC) resources that are used in mission-critical applications such as deep scientific research, AI, etc., yet the EU contributes a mere 5% of Global HPC.

Solidus AI Tech is changing this by building a massive HPC facility in Romania in which nearly $10m have been invested through EU Grants and Stakeholders Capital. We aim to be among the Top-3 HPC Facilities in the EU, filling the High-Performance Computing Gap, initially, followed by supplying the excess HPC resources globally.

Solidus has secured significant partnerships with large corporations such as Microsoft for using Solidus HPC resources, the access to which would be provided through a unique Utility Token that has among others Staking, buy-back, and burn features.

A — Will from Solidus: Solidus AI TECH 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 authorized 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 — Ayeley from GAINS: I see that you have partnerships with some government organizations. Can you tell us the scope of this partnership and how it will bring value to Solidus?

A — Liam from SOLIDUS: Yes we have some fantastic partnerships and letters of intent. The Microsoft partnership is for their Azure platform essentially it means guaranteed revenue for the business as they will “rent” our hardware and then resell this at a premium with their IaaS on top to their clients We plan to build our own Iaas (infrastructure as a service platform) increasing profits by 5x We have other letters of intent from governmental authorities and pharma companies we can cover in the question rounds

Q — Twitter user @LadyAnitax: Solidus AITECH is building an infrastructure as a service (IaaS) platform, but I would like to know what kind of customer is interested in the services they offer? Do these customers have to pay in their native token or could they pay for their services in fiat currency?

A — Liam from SOLIDUS: 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 in 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 our AI infrastructure to analyze medical data to find anomalies to help find new cures and vaccines We will also attract SMEs and professionals, all of which can use fiat or use the AI token for a discounted rate

A proportion of these tokens are then burnt to decrease supply.

A — Will from SOLIDUS: In short, our core customers will be: Governmental Authorities, Megacorps, SMEs and Professionals

Q — Telegram user Karla Herrera Pulido⭐️: 💥💥💥 The Solidus AITECH HPC data center infrastructure will run highly efficient algorithms, but will they take specific factors into account to clarify how they can optimize each application? Which factors?

A — Liam from Solidus: We have a unique IP that’s pending a patent that allows the hardware to run faster while consuming a lot less electricity. We are also able to run bespoke designer algorithms based on clients needs via our IaaS

Q — Telegram user So Yeon Han: Can anyone acquire AI services on Solidus? Is it necessary to have AITECH tokens to benefit from artificial intelligence services? Or is there another payment tool?

A — Anurag from Solidus: Yes, our Services can be acquired by anyone for a Fee. This Fee can be paid either in Fiat or in our Native AITECH Token. If the Fee is paid in AITECH tokens then there are discounts available to users.

Q — Telegram user Amina Peter: Anurag Yadav is the Ex-Ceo of Bartertrade exchange. But unfortunately the project is not living to its expectation before you left, even up till now. So how can you convince us that Solidus will go the same way? Also, Being a new project in the space and to remove fear of rug pulled in the mind of the people, How can we trust your project? .

A — Liam from Solidus: Anurag is only an adviser, if you look at some of the other key board members who sit on the board of authorities such as Nato, The EU and the Romanian space agency to much is at stake for them to support a company doomed to fail, The previous company he was involved with is nothing to do with solidus which has been running for 4 years now and with the partners in place we are almost guaranteed to succeed.

We are the worlds first AI utilities token to be used to purchase services from HPC centres. We have a very strong team and we are entering a market forecasted to go in to the trillions

Q — Telegram user Coco T.: Will there be a DAO system in the future where every token holders/stakers can participate in community voting? Can you share some ideas with us? @LetTheGainsBegin

A — Anurag from Solidus: We haven’t considered a DAO, though there will be voting and approvals on a number of aspects of the Platform. People with Stakes will have more say in some of these approvals.

Token

Q — Ayeley from GAINS: What role will the AITECH token play in the Solidus ecosystem?

A — Anurag from SOLIDUS: 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 not 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.

A — Liam from SOLIDUS: We incentivize clients to use the Ai Tech token rather than fiat by offering discounts on the price of the services they purchase

Q — Twitter user @MmgvsTodos: I understand that one of your ultimate goals is to have only 50% of the total tokens in circulation. So, can you explain what plans you have in order to decrease your total token supply? Do they have plans to burn the token? If so, can you give more details?

A — Anurag from SOLIDUS: Yes, as 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.

Q — Telegram user ✨✨LuFFy ⚡️⚡️: Will there be token burning and staking programs in Solidus? Will the Solidus coin be a deflationary token?

A — Anurag from Solidus: Yes, as stated earlier there will be Burning & Staking and the Coin is Deflationary.

Security

Q — Telegram user Patrick: An important point for a company of your type is the security of the data they handle. So, can you explain what level of security you have developed to protect all the sensitive data you may handle? Do they keep themselves constantly updated in terms of security?

A — Liam from Solidus:

Alexandra Galusca — Chief Strategy Officer. Retired Brigadier General with an extensive military background, representative of NATO and EU for cyber security. Heads up the Security side of the Ai tech business.

We have military-grade cyber security

Partnerships

Q — Telegram user anisa fadilah: Solidus open to corporations/partnerships from a new platform in Africa? What kind of company do you expect? Who can I contact directly for partnerships?

A — Anurag from Solidus: Yes, we are here to make a difference and make an impact. Just like our deep commitment to Eco-Friendly development, so is Impact. We would be very open to a conversation and exploring the possibilities of collaboration. Please connect with us over DM and we can discuss further. Thanks for asking.

Funding

Q — Ayeley from GAINS: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?

A — Liam from SOLIDUS: Yes we raised £4m privately through high net worth investors which we used to purchase GPU’s for originally mining for Ethereum. We also built an 8,000 sq ft data center and have installed all the electric housing ready for internal installation. We are raising the additional funds from this ICO. We have also been granted €3.6m via a grant from the EU to enhance our HPC center

A — Paul from SOLIDUS: Currently we are in the private sale of the ICO

Q — Ayeley from GAINS: Tell us about the ICO. How can we be a part?

A — Paul from SOLIDUS: So this is the lowest possible price anyone will be able to buy AITECH tokens at. The price per AITECH token is $0.006369

A — Anurag from SOLIDUS: As has been indicated already we have raised a decent chunk of money that has enabled us to go ahead and commence the building of the HPC Facility in Romania. We are now conducting our Token Sale (through 3 rounds) to build the Community and acquire loyal long-term users and investors in the project.

The ICO details can be found on our website. More details can be found in our White Paper also to be found on our Website.

Q — Telegram user Deleted Account: Revenue is an important aspect for all projects to survive and maintain the project/company. What is the way to generate profit/revenue from a token? What is the income model?

A — Liam from Solidus: Revenue is generated from the use of or hardware or hardware and software once Iaas is live. Forecasted profits on just a hardware rent option are £60m a year.

Business Development

Q — Ayeley from GAINS: How far along are you with your roadmap and what should we expect in the next weeks and months?

A — Liam from SOLIDUS:

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 the 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 optimization for hardware set up
— Hardware monitoring tools set up
— Cybersecurity policies implemented
— Tier 4 Data Center 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 finalized
— Enterprise Blockchain for Governmental Authorities finalized
— 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

A — Will from SOLIDUS: The main bulk of our project was building our 8000 square foot data center — this is complete. We are now raising funds to build our AI infrastructure and expect to commence this in the early part of 2022 Re: AITECH token: We have 3 rounds of funding and we will then list — the first exchange we are looking at listing on is Uniswap and will start to roll out across many more during 2022. We are aiming for the entire AI infrastructure to be complete by 2023, where we expect to gain some significant traction into our project.

Q — Telegram user Allah Alhamdulillah: What are your plans for 2021? Can you tell us which exchanges are you planning to list?

A — Liam from Solidus: We plan to first list on uniswap in Q1 and then other reputable exchanges in Q3 & Q4 before Binance in 2023

Q — Telegram user তুমি আস দেখা হবে: Is your platform suitable for crypto beginners? Or does it only limited for professional users ?

A — Anurag from Solidus: We have a very user-friendly platform that is good to use for both Experienced users and new entrants to the crypto space. We’re trying to keep the technicalities and complexities of both AI, HPC, and Core Blockchain & Crypto in the background under the hood. And, letting our users have a seamless experience.

Staking is a Core Service we will be offering to our users. The Staking Platform will Go-Live right after we conclude the Token Sale. Being a Utility, we can’t guarantee any returns on the Staking, however, given our assessment this number should be in line with the prevailing industry average. Holding our Tokens will unlock a whole new set of discounts and Token Benefits to our users. More details can be found on our White Paper.

A — Liam from Solidus: Www.ai-tech.io is suitable for all users to purchase

You can use to hold stake or purchase services from our platform but we have approached other service providers to utilize our payment methods so keep an eye out for updates

Q — Telegram user 💲KING💲: Hello. NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is your approach to the NFT sector?

A — Liam from Solidus: We have discussed entering this space by having NFTs made and distributed to the community members and token holders in the way of rewards. We are exploring the option of NFT’s powered by AI

Q — Telegram user 👫💯EEE💯👫: What is your global expansion plan? At present, which market do you focus on, or on building and developing to win customers, users and partners?

A — Anurag from Solidus: To begin with, we aim to focus on the EU Market. There are a number of reasons for it. We have a strong European focus, we have secured an EU Grant, and most importantly there is a huge need and a great opportunity to build and serve the EU through our HPC Facility. That said, we aim to be a Global Player and not just European. So, while in the Short and Medium Term, we aim to be Top-3 in the EU, in the Long-Term, we aim to be among the Top-5 HPC Facilities Globally.

Q — Telegram user Nico: At the moment your base is currently in Europe to supply computing power to EU-based companies. But, can you explain if among your goals is to expand to other areas of the world such as Asia, America or Africa? If not, can you explain why?

A — Liam from Solidus:We do intend to expand globally but right now we plan to tackled the issue of the lack of HPC power in Europe

Liam, Paul, Guru, Anurag, thanks for coming into our community, and taking the time to answer our questions. Do you have any final words for us? Where can we follow you to stay updated? — Ayeley Commodore-Mensah from GAINS

Thank you for all of your amazing questions,and follow us on socials
Telegram | Twitter | YouTube | Facebook | LinkedIn | YouTube | Instagram | Reddit — Liam from Solidus

Join us now! Enjoy quality articles, daily curated news, insightful infographics, and enter a vibrant, fun, and knowledgeable community!

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