Our mission and the ultimate purpose of AICoin is to enable investors in our token to build wealth through the power of artificial intelligence and the public blockchain.
AICoin is specifically designed to benefit individual investors by allowing them to become part of a collective. This collective is created with the recognition that to hold investments in other companies and hold assets with value, a framework must be built that recognises and respects the rights of all owners of this collective. With that said, our vision for AICoin is to bridge the divide between a conventional trading / investment company and a DAO without formal structure.
We envision a steady flow of profits and reinvestment using a distinctive two stage strategy. Trading cryptocurrencies with artificial intelligence will provide short term gains and the fuel to drive our longer term vision of becoming one of the most successful seed investors in the AI and Public Blockchain space. We believe this bold vision is completely attainable even with a relatively modest starting point because of our unique two stage strategy.
AICOIN Chief Executive
AICOIN Investment Committee
Frequently Asked Questions
Q: Where can I hold my AICoin tokens?
A: You can hold them in your AICoin dashboard account so you do not need to worry about private keys. You can hold them in any ERC20 compliant ether wallet or you can move them to an exchange for trading
Q: How many AICoins are there and is this a fixed amount?
A: There has been a one off issuance of XAI and no more will be created. The Collective may decide to burn tokens in the future but at present the number is fixed at around seventy seven million.
Q: Does everyone have an equal vote when selecting start-up investments?
A: Everyone’s vote is weighted by the number of tokens they hold. An important point to make is that AICoin is an investment collective.
Q: Is it possible to sell my AICoin?
A: Yes. We are working to get the token listed on exchanges though the collective voted not to pay for this during the November 2017 vote. We will post a list of exchanges where you can trade XAI. See the tabs on the right side of the home page for the current list. Also, to ensure a liquid market, part of the mandate documented in the terms allows for up to 10% of the Investment Pool assets to be used to buy back coins at 5% below the current asset value of the coins. This will provide an ongoing opportunity for investors to take profits even if new buyers are not aggressively purchasing the tokens. These tokens held by the investment pool will then be offered to the market at 20% over what they were purchased for and this profit is added to the total value of the investment pool. Because there will be no further issuance of new tokens we believe that, as we build a portfolio of promising seed investments, demand will increase for the token, above its asset value.
Q: What protocol is AICOIN built on?
A: The coins are built on the Ethereum platform and are ERC-20 standard.
Q: What kind of companies can AICoin invest in?
A: AICoin will invest in early stage blockchain or AI companies.