We have an Intellectual Property We are committed to reducing the power consumption in our data centers. Currently our infrastructure consumes 40% less power than the industry average- making it one of the most eco friendly data centers in the world. The AITECH Token is the primary way to get access to most of the core AI services on the IaaS platform. These benefits are otherwise 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. We incentivise clients to use the AITECH token rather than use Fiat by offering discounts on the price of the services they purchase using the AITECH Token. We will also burn a proportion of tokens every quarter until our IaaS platform is live. The AITECH token is deflationary. One of our main objectives is to limit and reduce the token supply over time. The key is using 25% of our quarterly profits to buy-back and burn tokens. This process will go on until the Total Circulating Supply comes down to 5 billion Tokens. We will offer Staking right after we complete our token sale, once again limiting the supply and supporting the price. As a deflationary token we expect the price to increase over time which will benefit the AITECH token holders. We have a total token supply of 10 billion, out of which we are selling 4 billion in our crowdfunding campaign. The remaining tokens are dedicated to the project with the majority being development, marketing, community building. Tokenomics incorporates a deflationary mechanism and includes buyback and burning to support the overall token growth with time. So, there are a multitude of benefits for the token holders. We understand the importance of building a solid community who will support us throughout our journey to success and will reward loyal community members. Our community will be rewarded with the following: Staking: Following our successful launch we will offer a staking pool which will pay token holders and estimated 7.5% per annum in our AITECH utility token which can be used to purchase AI services when our Infrastructure-as-a-Service platform launches or alternatively the tokens can be held or sold on an exchange for liquidity. Lottery Air Drop: Stakers will be entered into a lottery each quarter and the winners will be airdropped AITECH tokens until our platform launches Burn program: Tokens from our launch that have not have been purchased will be burned. We will then burn additional tokens from the circulation supply every quarter untill our platform launches. In addition to this we will burn a percentage of the AITECH tokens that are used to purchase services on our platform to further decrease the circulation supply. Lock up: The team & developers token allocation will be locked in a smart contract for 4 years with a small proportion being released each year on the anniversary of the launch date. |
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