Introducing TokenAI: Driven by the blockchain community and powered by AI

Sam
TokenAI Blog
Published in
2 min readAug 2, 2017

Cryptocurrency is the money of the future. Those of us involved in this community can see evidence of that every day. While we’ve witnessed this technology evolve and grow, Wall Street hedge funds have also been eyeing cryptocurrency as a new source of income. Wall Street has been using Artificial Intelligence (AI) and sophisticated algorithms to interact with markets and identify opportunity for years and they will be applying these proprietary tools in the token market as well.

Enter TokenAI — the first decentralized, democratized, permissionless investment platform. TokenAI is driven by the community and powered by AI. Bringing Wall Street level tools to the crypto community and to the masses.

TokenAI is developing an AI platform that will allow anyone who wants to take part in the token market to take advantage of sophisticated AI algorithms. These algorithms are designed to identify and provide insight to market and individual cryptocurrency performance and to create index baskets optimized to achieve the best gains over time.

These tools interact with smart contracts that are set up as decentralized and democratic organizations that exist solely on the blockchain and direct the future of how these AIs learn, grow and interact with the token market and the community. Think of it as Wall Street tools that are essentially directed and run by the community.

In order to do this, we are generating TAI tokens that will power this mechanism and the AI platform and will be used to create our first index product — the Total Market Token — TMT.

TMT will allow more people who are currently overwhelmed by the diversity of choice and opportunity in the token market to participate by owning it all at once, and will increase the amount of real people involved in this market to reduce the effects of the Wall Street algo trading.

We will also be using the same process for creating additional index products in the future.

Here’s an example of how this will all work: a proposal is brought up to create a new index focusing on storage tokens and optimized and managed by the AI.

The community votes on this proposal using TAI and the proposal is accepted. The contract is executed and the AI is directed to create the new index using TAI.

The index is then created and offered to the general public.

TokenAI’s vision is to create advanced self learning tools that are directed by the community and powered by artificial intelligence so that more people can take part in this new economy. TokenAI is using AI combined with blockchain technology bring a democratized ownership of cryptocurrencies to the world delivering the future of money to today.

Visit us at www.tokenai.io for more information.

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