AMA Recap AITECH x Vietnam Coin Market Community

13 min readFeb 11, 2022

Mr Hubert: Hello everyone,

Only 15 minutes left and the AMA event of AITECH will be started

The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and AITECH project’s representative is @silent_one128.

@silent_one128

Translator: @nguyetvcm

Vietnam Coin Market Group (VCM) will be locked to make the event convenient.

After Segment 3 of the Vietnam Coin Market group will be opened a chat so that the community can ask the project.

How’s everything going?

Again, it’s been my greatest pleasure to announce today’s special AMA session

“AITECH”

Today’s AMA session is composed of 4 parts:

✔️ Part 1 — Welcome

✔️ Part 2 — Q&A

✔️ Part 3 — Questions on Twitter — Guest will choose the 5 best questions from this Tweet: https://twitter.com/chocoin_vn/status/1488195599153647618?s=21

🏆 Total Prize: $50 USDT

✔️ Part 4 — Free — asking: the guests will choose about 5 good questions to answer:

🏆 Total Prize: $50 USDT

Craving for the question rain ahead after I unmute the group.

Anyway, let’s get the curtain roll-up and welcome @silent_one128.

Mr Liam: Hello everyone!

Mr Hubert: Hello sir! It’s a pleasure to all of you who participated in the AMA today. Could you briefly introduce about yourselves as well as your project?

Mr Liam: Hey I’m Liam I was the business and strategy advisor for the parent company Solidus Technologies during the inception stages and also advised on Solidus AI Tech. I helped raise the initial capital to get Solidus Technologies started.

Im from London, England and My back ground is over 10 years in finance and structuring financial instruments to raise capital for marketing and business growth.

I have been involved in the crypto scene for many years after my good friend Paul introduced me to the market, I became hooked on the possibilities of blockchain

Let me give you the full story of the background of Solidus

The parent company of Solidus Ai Tech Limited, “Solidus Technologies” were founded in December 2017 as a cryptocurrency mining firm with a particular focus on mining Ethereum (ETH) via GPU-based mining rigs.

Before Solidus Technologies launched they teamed with software development company Soft Galaxy International. Soft Galaxy assisted the establishment and maintenance many large-scale cryptocurrency mining projects throughout Europe.

Solidus Technologies raised around $5.7 million via their network of investors during the cryptocurrency market downturn of 2018. The bulk of the investment was used to GPU’s to mine Ethereum.

During the financial crash of April 2020, the demand for AI services rose significantly due to COVID-19 restrictions. Across every industry, the adoption of AI has exceeded predictions for growth. AI is creating new products, boosting revenues, reducing costs and drastically improving efficiencies. The inexorable evolution of technologies has reached the point where there is an urgent need to solve problems with high computational requirements, the solution of which cannot be provided by a single computing unit. To meet these requirements, Solidus Ai Tech has implemented heterogeneous distributed systems of unparalleled computational capacity and has secured a number of partnerships with governmental authorities and corporate entities.

Solidus Technologies’ joint venture partner, Soft Galaxy International have been approved via the European Union for a $3.5 million grant to help towards completing the existing data centre infrastructure and to scale up operations.

Solidus Ai Tech Limited were established in January 2021 as the Artificial Intelligence arm of the parent company Solidus Technologies.

Solidus Ai Tech 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 the worlds first Ai utilities token AITECH token.

Mr Hubert: How wonderful, sir. The VCM audience is also eager to study the AITECH project.

Looking forward to have our audiences to know more about the project and the views.

Let’s get to the first question we’d like to know from you.

What makes the AITECH project stand out more than the projects in the same direction at the moment?

Mr Hubert: Their is none like us we are the worlds first token to be used for purchase of ai services

Our management team are very experienced and worked or advised for governmental authorities

We have a software that lets our hardware run faster and consume less electricity.

Mr Hubert: Thank you, we could give some mins for our audiences to read more about the comment.

We will come to the next question:

Who are some business partners/clients for AITECH?

Mr Liam: Microsoft, cyber smart defence, optoelectronica, soft galaxy international, crowd create, blocksultancy, and many more!

You can see the full list at www.ai-tech.io

Mr Hubert: Thanks for your sharing. We continue to spend some time with VCM audiences. :))

Can’t wait any longer. I think the audience is wanting to learn more about the project:

What are the memorable milestones of AITECH in the research and development process?

Mr Liam: We completed the private sale $4.3m and raised £4m in 2018 to build our centre

The main milestone for R&D is our software I mentioned earlier that allows us to run 40% more efficient

Mr Hubert: Feeling quite excited about this project, sir. I think everyone will love it and support it as well.

We to the last question of the Q-A segment:

What does AITECH plan to do to attract more users in the upcoming time?

Mr Liam: We have quite a few different users that are governmental agencies or big pharmaceutical companies but once we are fully operation we have a sales team who will start marketing our services across the whole of Europe to start with.

Mr Hubert: How wonderful, sir. VCM will make a small contribution to the project support. Nice to do this. 😊

The last question is already done. Thank you @silent_one128 for bringing the above useful information.

We’ll move on to segment 3: Questions on Twitter.

#1. What are the ways is AITECH generating profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both investors and your project ?

We make profit through plug and play where Microsoft will use our hardware for their Iaas platform, we also will release our own IaaS platform and blockchain enterprise services

$60m profit per year

Tokens that are used for the purchase of

Services will be burnt which will push the price of the token up

#2. What is the real target of AITECH ? is it intended only for publications or could it also be implemented in contracts between people? How far do you want to take AITECH ?

The goal is to be the largest data centre in Europe and to have our token in the top 10

Individuals and companies can use our services

#3. Buyback-and-burn programs support long term price stability and value growth. Does #AITECH have plans for these programs? What is your way of increasing the value of token and attract more Investors?

Our mission is build solid community who will support us throughout our journey to success. 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.

Value will increase with the burn program and the lottery airdrops and staking will incentivise people to hold long term

#4. Can you provide us with an overview of your in-house STAKING Program, which is expected in Q1 of your roadmap? What distinguishes it from other staking programs we are acquainted with? Is it currently ready, and what incentives will be provided to program participants?

Q1 2022

- AITECH token distribution to all ICO investors

- Staking platform live

- Lottery Airdrop for everybody who decides to stake their AITECH tokens

- First order placed to purchase AI GPUs and materials

- Power grid upgraded to support HPC

- Ventilation upgraded to support HPC

- Software development commenced for customer Infrastructure-as-a-Service (IaaS) portal

- Software development commenced for Enterprise Blockchain

- Token listing on Exchanges

At the end of Q1:

- Lottery Airdrop for everybody who staked their AITECH tokens

- First quarterly payment for everybody who staked their AITECH tokens

- First AITECH token quarterly burn

Q2 2022

- Second order placed to purchase AI GPUs and materials

- All hardware and GPU clusters set up

- Software optimisation for hardware set up

- Hardware monitoring tools set up

- Cybersecurity policies implemented

- Tier 4 Data Centre requirements implement

- Additional AITECH token listings on Exchanges

At the end of Q2:

- Lottery Airdrop for everybody who staked their AITECH Tokens

- Quarterly payment for everybody who staked their AITECH tokens

- AITECH token quarterly burn

Staking will give you 7.5% and will be live in 3–6 weeks

#5. I read that prior to the launch of Solidus Technologies, they partnered with the software development company Soft Galaxy International. What technological benefits does the association of Soft Galaxy International provide to Solidus as a project? What does Soft Galaxy do?

They already are working with all of the companies and governmental authorities we are and this is because of them and optoelectronica as it made sense for them to use the data centre of someone they are already working with

They build software.

Mr Hubert: The last question is already done. Thank you @silent_one128 for bringing the above useful information.

Next, the Vietnam Coin Market Community will open a chat for the community to ask questions to the project. We will have 120s to ask. The AITECH project will then choose 5 questions to answer.

Let’s go!

Now!

Let’s give some mins for @silent_one128 to choose 5 questions to answer.

@silent_one128, you may proceed now.

Question 1. On your website you don’t mention that you have done any internal or external audit of your smart contract, so can you give us details if you have done any audit before? And in case you haven’t, would you plan to perform any review of your smart contract in the near future?

Audit is almost complete by Certik I say it will be done in the next 1–2 weeks

Question 2. Do you have any tutorials video and any…

1. Telegram Group

2. YouTube channel

3. Tiktok ID

4. Website or Twitter

5. Discord

For this project?

From where we can learn something?

Please share with us link..??

https://t.me/chocoin_VN/3130968

Question 3. 🤡 How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project??

Paul Farhi

FOUNDER & HEAD OF UK OPERATIONS

Paul is a born achiever and has very high standards in everything he does. He is a passionate entrepreneur and established himself as a successful investor very early on in his career. His main focus was on Property & Fine Art until he was introduced to Bitcoin in 2015 and since then has never looked back. During his career Paul has built a solid network and was instrumental in securing the partnership between Solidus Technologies and Soft Galaxy international. Paul is a forward thinker and identified very early on that Ethereum will be moving from proof-of-work to proof-of-stake which means that mining would no longer be the future for Solidus Technologies and began his research into Artificial Intelligence. Since then he has studied Artificial intelligence at the London Business School and has identified key areas that will be significant for Solidus AITECH in the near future. Paul also owns a Fine Art Company who are taking a serious look at the NFT space. Paul also oversees the overall Marketing efforts of Solidus AITECH.

Adrian Stoica

FOUNDER & HEAD OF INTERNATIONAL OPERATIONS

Adrian is the President of Optoelectronica and founder of Soft Galaxy. He has the mission to combine the expertise from two different worlds: hardware and software and deliver a new generation of computing and data processing to the World. This will boost the world’s technological progress into the future, opening new doors for R&D, smart devices, changing the way we are currently interacting with technology.

He is well connected within the AI industry, and works closely with government entities. He works as a Managing IT consultant with international experience and a combination of consulting experience, general management experience, leadership skills as well as entrepreneurship and business development skills. Valeriu-Adrian has broad industry exposure with a special focus on Artificial Intelligence, Cybersecurity, Military / Defence Systems, Blockchain Technology and e-government. He specialises in techno politics and alternative models of governance, with a focus on applications and decentralised architectures for Public Administration and e-government. He is also a founder of an international software engineering company, focusing on Artificial Intelligence and working on solutions for Blockchain Technology. This makes “Adrian” a vital part of the team.

Alexandru Galusca

CHIEF STRATEGY OFFICER

“Retired Brigadier General (Romanian Air Force), squadron leader in Air Force Staff operational units, Chief of Military Intelligence, Deputy Military Representative to NATO and EU. “”Ducu”” has the mission to assure the technology transfer and share his knowledge into Artificial Intelligence applied in the Defence field but also to promote the HPC capabilities within NATO, EU and the Romanian MoD. He is reponsible in implementing NATO standard cyber security policies within the company.”

Marius Opran

TECHNICAL ADVISOR

Marius is a member of the Board of Directors, Chief Scientist Defence, Security, SSA-Romanian Space Agency / Member, EU Economic and Social Committee, Expert NATO-SPS, EDA-EOST His mission is to promote worldwide state-of-the-art projects and new frontier technologies developed by Romanian scientists using his experience and knowledge.

Madalin Dumitru, Founder & CEO @ Cyber Smart Defence , part of Stefanini Group

BIO: Madalin Dumitru is the Founder & CEO of Cyber Smart Defence with 20 years + in experience cybersecurity

Cyber Smart Defence was founded to respond to the growing threats in cybersecurity.

During the years, Madalin and his elite’s team of ethical hackers, forming together a united, specialised team that can face any challenge in the cybersecurity field.

Madalin also has a continuous contribution reflected into long term Customer relationship, building strategic partnerships with multinational companies and on-going research and development, always considering the cybersecurity market versatility and constant change that came as a requirement for staying relevant in the fight against cyber-criminals who always have found creative ways to hack organizations.

Madalin helped Stefanini Group in creating a global cybersecurity tower, capable of delivering all cybersecurity services on all continents.

Madalin is also a respected commentator on cybersecurity issues and has previously been interviewed by the likes of NBC, Fox, ABC News, Reuters, Aljazeera and USA Today.

Question 4. Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Solidus is also a strong supporter of the ‘Crypto Climate Accord’ which is focused on decarbonising the cryptocurrency industry by 2040. Our data center will also run 40% more efficient compared to industry standards due to our IP & evaporating cooling methods, evaporating cooling is 80% cleaner then traditional air conditioning methods. The electricity costs in Bucharest are also cheaper & internet speeds are faster than most countries in the EU meaning we can operate at lower costs and also in a more Eco friendly way then our competitors.

We are the worlds first AI utilities token to be used to purchase AI services via HPC centres like we have built. Our IP allows our hardware to operate not only faster but also more efficiently by using less electricity — this is patent pending

We use evaporating cooling systems which are around 80% cleaner then traditional Air conditioning

Crypto Climate Accords main objective is to decarbonise the global crypto industry by prioritising climate stewardship and supporting the entire crypto industries transition to net-zero greenhouse gas emissions by 2040

This will be highly beneficial for the entire crypto industry

Question 5. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?

The AITECH Token is the primary way to get access to most of the core services on our platform by holding the Tokens. 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 then use Fiat by offering discounts on the price of the services they purchase using the AITECH Token.

We also plan on burning a proportion of tokens every quarter until our I-a-a-S platform is live

We’re building a Deflationary Token Economy, one of our main objectives is to limit and reduce the Token Supply long-term. Towards that, we’ve planned to take several steps. Key being using 25% of our Quarterly Profits to Buy-back and then burn tokens. This process will go on until the Total Circulating Supply comes down to 5 billion Tokens. We’re also, of course, going to offer Staking right after we finish our Token Sale Campaign, once again limiting the supply and supporting the price.

The token is Deflationary in nature and therefore the Price increase benefits, among others will accrue to the 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 is a multitude of benefits for the token holders.

Mr Hubert: So the AMA AITECH at Vietnam Coin Market (VCM) is also coming to an end. Hopefully in this direct exchange, the community has a basic understanding of the AITECH project. I am the moderator today. Congratulations to the AITECH.

Thanks @silent_one128. for joining AMA with the VCM community today. Wish you much health and success.

Again, don’t forget to join the AITECH community for further assistance. Thanks everyone.

Website (https://ai-tech.io/) | Telegram Group (https://t.me/solidusaichat) | Twitter (https://twitter.com/AITECHio) | Youtube (https://www.youtube.com/channel/UCAoiPKK4VkbngPGw4mHqCKQ).

VIETNAM COIN MARKET COMMUNITY INFORMATION:

Vietnam Coin Market Community: http://t.me/chocoin_VN

AMA channel: http://t.me/amachocoin_VN

VCM Announcement: http://t.me/vcmannouncement

Medium: https://chocoin-vn.medium.com

Discord: https://discord.gg/qCg9K6Hez4

Youtube VCM: https://www.youtube.com/c/vietnamcoinmarket

Twitter VCM: http://twitter.com/chocoin_VN

Email: vietnamcommunity.ccvn@gmail.com

Wechat ID: taitan296

Angel Investors For Crypto: https://t.me/AngelInvestorCommunity

Angel Investors Channel: https://t.me/angelinvestors_ann