Monday, February 14, 2022

Invest in Europe’s Largest Eco friendly Data Centre targeting the AI industry.

Invest in Europe's Largest Eco friendly Data Centre targeting the AI industry.
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Solidus Ai Tech Ltd were established in January 2021 as the Artificial Intelligence arm of their parent company Solidus Technologies Ltd.

Solidus Ai Tech Ltd is building an Eco Friendly High Performance Computing (HPC) Data Centre & an Infrastructure-as-a-Service (IaaS) platform where Governmental Authorities, Megacorps, SMEs and Professionals will be able to purchase Artificial Intelligence services seamlessly via our AITECH token.

The Problem:

A significant problem is the lack of European HPC facilities in the global top 10. The EU consumes one-third of HPC resources while only producing 5% of computer power. European scientists and engineers rely on expensive U.S. supercomputing facilities more than those in the EU by a factor of 10.

The Solution:

At Solidus Ai Tech Ltd, we have completed the main build of our data centre and are ready to commence the installation of our HPC infrastructure which is based in Europe (Bucharest), which will significantly help to bridge this gap and will enable European companies to obtain their supercomputing power within the EU. We expect this facility to be more efficient and of lower cost than in most of the U.S. By operating in Bucharest, we have the benefit of low-cost electricity and fast internet speeds as well as our Intellectual Property (IP) and expect to run at around 40% less power consumption than the industry average.

We have the capacity to scale up our operations and, as we do so, we expect to quickly become the top EU HPC centre and in the global top 10 HPC centres.

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The Opportunity

Reports indicate that AI computational power double every three months. From 2012, computing power required to train AI models has grown over 300,000 times. This shows that no single entity can manage the demand for HPC power. We aim to build the largest eco friendly data Centre and IaaS infrastructure in Europe targeted at High Performance Computing Consumers. We are a decentralized platform built on the Ethereum block chain that provides eco-friendly data centers for the purchase of AI services.


Our Target Market

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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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Funds Raised

We have been approved for an EU Grant of €3.5 million from the European Union to be used to commence the installation of our AI infrastructure.

We target to raise $42 Million for completing the whole project. It is to be raised in 3 stages.


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