AI Crypto
AI Crypto
Token: AIC


Blockchain-based AI Ecosystem

ICO dates
Start date: 2018-05-06
End date: 2018-05-12

Registrated in: Singapore

Platform: Ethereum
Type: ERC20

PREMIUM ICO

HARA

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AI Crypto categories
Artificial Intelligence Cryptocurrency Smart Contract
AI Crypto whitepaper
AI Crypto token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries USA, China
Hard cap 50,000 ETH
Tokens for sale 5,000,000,000
Token distribution in ICO
50 %
50 %
Price 1 ETH = 100,000 AIC
Acceppting ETH
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Table of Contents
Exclusion Clause.................................................................................................................................................................... 1
Foreword................................................................................................................................................................................ 2
Introduction .......................................................................................................................................................................... 3
The Problems of Early Cryptocurrency ..................................................................................................................... 3
Where does value come from? .............................................................................................................................. 3
Limitations with the Proof of Work........................................................................................................................ 4
‘...

ERC20

Embodying the Smart Contract ............................................................................................................... 20
AI Crypto (AIC) Coins ....................................................................................................................................................... 22
ICO Plan........................................................................................................................................................................... 22
Distribution Mechanism .............................................................................................................................................. 23
Proceeds Allocation...................................................................................................................................................... 23
Plans for Additional AIC Coin Issues........................................................................................................................ 25
AIC Ecosystem Use Cases...

Exclusion Clause
This document is intended to provide information to anyone who is interested in AI Crypto,
including the philosophy and technical details of the AI Crypto Ecosystem. The AI Crypto Team
is putting in reasonable amount of efforts to deliver the latest information through updates after
carefully reviewing the material and the technical details. However, the team does not guarantee
any accuracy or completeness of all the contents stated in this document. The contents of this
document were provided at the time that was written, therefore the parts of the contents do not
possess any binding powers or obligations. Therefore, the AI Crypto Team is not liable for any
damages caused by inaccurate or incomplete information, nor using or not using the information
stated in this document. Also, the AI Crypto Team is not responsible for any other activities
involving this document other than its original purpose of providing information. If conflicts exist
between different versions of this document wr...

Foreword
Artificial Intelligence
for What?
Since the appearance of Cybernetics in the early 20th Century, many Artificial Intelligence (AI)
scientists and engineers went through numerous trials and errors to prove, realize, and
sometimes dismiss and fail various theories to understand intellectual behaviors of human.
Regardless of the questions asked and how we answered them, what is the ultimate goal for AI
research? It is not to fulfil the intellectual curiosity but when it comes to serve the mankind, that
is the reason why our AI Crypto Team is dedicated to AI.
Blockchain
is emerging to be the topic of conversation. It is a revolutionary idea as it is shifting
the paradigm of existing technology. Not only blockchain is a technological innovation based
on an open idea, we cannot disregard the fact that people are fascinated over cryptocurrencies
based on blockchain. Are we just going to treat this innovation as the
‘Tulip Fever’?
Artificial intelligence is a technology...

Introduction
The Problems of Early Cryptocurrency
Where does value come from?
Currency has four major functions: a standard of payment, a measure of value, a store of value,
and as a medium of exchange. The role of the currency differs as the function for each, is
performed independently and systematically, but the common implication is the calculation of
the value. In a modern society, economy was run on the gold-exchange standard, in which a
centralized organization (the nation) decided the proportion of the monetary value by force (the
law), using a certain material (gold) as a meaning of proof, therefore, granting value to the
currency. But after the World Wars and with the problems in bloc economy, it became hard to
sustain the gold-
exchange standard. As a result, today’s floating exchange rate system
appeared,
where value is determined according to eac
h nation’s strength, making it easier to transact
capitals between nations. On the other hand, nation enforces curr...

encrypts them and stores them in a distributed form, all by functioning as an independent
currency from centralized organizations. Value is admitted by those who make transactions with
this currency, just like fiat money. Here, what is relevant to the intrinsic value of cryptocurrencies?
Limitations with the Proof of Work
Added value occurs when the value of output is increased by the value of resources put into. If
a certain activity generates few added value or even a loss, it should be reconsidered whether
to keep this activity. On the other hand, if the added value is significantly higher than the invested,
this can be considered as an overheated situation rather than a proper reward. And if it is
determined as an economic bubble, the value will be adjusted to the same level of the invested
by the principle of the market economy. Then, where does the value of cryptocurrency come
from? For existing cryptocurrencies, transaction records were recorded and verified in the form
of distributed ledgers using...

amount of coins mined to keep the value of coins by controlling its scarcity. When coins are no
longer issued by mining, miners must solely rely on the transaction fees that come from verifying
transactions. Thus, the system can only sustain when the value earned by transaction fees is not
smaller than the value of effort for mining, keeping the creation of blocks going. Eventually,
without resolving the current issue on PoW, the cryptocurrency system cannot be sustained.
‘Hardware as a Mining Tool’?
In the early days of Bitcoin, high-performance CPU or GPU for parallel computation were mainly
used to mine Bitcoins. However, in 2013, the Application Specific Integrated Circuit(ASIC) was
developed, enhancing the mining efficiency more than 100 times compared to before, leading
the mining industry of Bitcoin. The smaller the amount of power consumed in the mining process,
the larger the added value of the coins mined, resulting in the motivation of the coin miners.
When the mining is concentrated to a f...

gap between the mining capacities is still over 1000 times, so the demand for ASIC is expected
to be steady for quite some time.
Practical Difficulties in AI Researches
High Cost of Hardware
AI, currently used in industries, is a type of machine learning predicting results through repetitive
training process conducted with numerous data. Machine learning works based on computing
power for recursively calculating massive data. And to develop AI, large amount of logical
operations should be calculated simultaneously, and GPU is the most suitable hardware to
conduct them since it processes operations in a parallel way. Also, the development of ASIC,
which is optimized for a specific calculation is also supporting the computation in AI researches.
However, not only the cost of hardware is relatively high compared to the demand, the demand
in mining industry is also high, making it difficult and expensive for AI researchers to access such
hardware. In fact, many researchers find hardware too expensive, ...

AI Crypto Roadmap

1
03 2018
White paper
2
05 2018
ICO
3
12 2018
AI Crypto API/SDK release
4
03 2019
AI Crypto Ecosystem API/SDK release
5
04 2019
AI Crypto Ecosystem Beta release
6
06 2019
AI Crypto Ecosystem Official release
Jaeho Seol
Jaeho Seol Ph.D, Co-CEO | Chief Scientist

Sungjae Lee
Sungjae Lee Co-CEO

Doguk Kim
Doguk Kim Ph.D, Deep Learning

Gyeongsu Chae
Gyeongsu Chae Ph.D Candidate, Deep Learning | Neuroscience

Ryan Jin
Ryan Jin Ph.D Candidate, UI/UX Evaluation

Jihyun Park
Jihyun Park Data Scientist

Zhao Shuang
Zhao Shuang Service Development

Minwook Yea
Minwook Yea Service Development

Bokyung Son
Bokyung Son Design / Publishing

Heidi Baek
Heidi Baek Community Manager

Hyojung Seok
Hyojung Seok Social Media Manager

Changki Park
Advisor Changki Park Founder & Chairman at GovernTech, Inc

Hankyul Park
Advisor Hankyul Park Building decentralized technologies

Changki Park
Changki Park
Founder & Chairman at GovernTech, Inc
Blockchain & Cryptocurrency Expert
Hankyul Park
Hankyul Park
Building decentralized technologies
Cryptocurrency expert