Oben pai coin - excited
Singapore
CrossAngle Pte. Ltd.
Profile Report (Public)
Report Date 2021-03-12
Project PAI
(Country or jurisdiction of incorporation) | (Entity Registration Number) |
(Address, including zip code, including area code, of principal executive offices) |
WHERE YOU CAN FIND MORE INFORMATION
Readers and others should note that the company announces material information to the public using the company website, press releases, public conference calls, and webcasts. They may also use the following social media channels as a means of disclosing information about the company, products, planned financial and other announcements and attendance at upcoming investor and industry conferences, and other matters.
| Channels | Address |
|---|---|
| Company Website | https://projectpai.com/ |
| Main communication channel | |
| https://twitter.com/ProjectPai | |
| Company Blog | https://medium.com/project-pai |
| https://www.facebook.com/projectpai | |
| https://www.linkedin.com/company/projectpai/ | |
| Github | https://github.com/projectpai |
| https://www.reddit.com/r/ProjectPAI/ | |
| Telegram | https://t.me/projectpai |
| KaKaoTalk | |
| Custom Link | PAI Forum - https://www.paiforum.com/ |
The information posted through these social media channels may be deemed valid. Accordingly, the public should monitor these accounts and the blog, in addition to following company press releases, conference calls, and webcasts. This list may be updated from time to time and these channels may be updated without notice.
PART I. Corporate Profile
ITEM 1. Basic Corporate Profile
| Official Company Name | Project PAI |
|---|---|
| Establishment Date | |
| Jurisdiction of Incorporation | Cayman Islands |
| Principal Office Location | |
| Address of Official Company Registration | PO Box 1350, Clifton House, 75 Fort Street, Grand Cayman, Cayman Islands KY1-1108, Cayman Islands |
| Company Name for Website Display | Project PAI |
| Description of Company | Project PAI was founded on the belief that everyone should have their own digital avatar, one that looks, talks, and behaves just like their human counterparts. The company enables everyone to create, own, and manage their own Personal Artificial Intelligence (PAI) on the PAI blockchain platform. These avatars will allow users for real-world applications on the PAI ecosystem and conduct transactions using its natural currency, PAI Coin. |
| Company Website | https://projectpai.com/ |
| Whitepaper Link | https://projectpai.com/assets/files/whitepaper/projectpai_whitepaper.pdf |
| Mission and Vision | Project PAI was created upon the vision of everyone should have the ability to create and access their own PAI on the PAI blockchain and everyone who creates a PAI will own, use, manage, and control their own assets on the PAI blockchain. |
ITEM 2. Team
2.1 Executives & Founders
The following sets forth certain information regarding the company's executive officers and founders, their details and positions as of 2021-03-12
2.2 Engineering Team Leaders
The following sets forth certain information regarding the company's development and engineering leaders, their details and positions as of 2021-03-12
2.3 Advisory
The following sets forth certain information regarding the company's advisories, their details and positions as of 2021-03-12
Alex Waters
| Company | J1149.com |
| Role of Advisor | Technical Advisor |
Jascha Wanger
| Company | Tarnover |
| Role of Advisor | Technical Advisor |
2.4 Organization Structure
The following sets forth certain information regarding the structure of the company as of 2021-03-12
| Name of Department/Group/Office/etc. | Number of Full-Time Staff | Number of Part-Time Staff | Head of Department (Maybe left blank) |
|---|---|---|---|
Blockchain Developer | 7 | 0 | |
Blockchain Researcher | 5 | 0 | |
Steering Committee | 1 | 0 | Chuck Ng |
Technical Advisor | 2 | 0 |
PART II. Business Information
ITEM 1. Industry Classification
| Sector | Technology |
|---|---|
| Industry | Software and Services |
| Sub-industry | IT and Blockchain Services |
| Categories | 1. Communication service |
ITEM 2. Industry Description
2.1 Industry Overview
The Artificial Intelligence market is expected to be valued at USD 21.5 billion in 2018 and to reach USD 190.6 billion by 2025 with a CAGR of 36.6% during the forecast period. A few of the most important technologies contributing to the growth of the AI market are Machine learning (MI), Natural Language Processing (NLP), Predictive Analysis, Robotics, and Image Recognition. Software market for AI is expected to hold the largest market share while deep learning to grow at the highest CAGR during the forecast period. North America currently has the largest share of revenue generated from the AI market while the Asia Pacific region is predicted to be the most lucrative in the next 5-7 years. With the increase in automation of various tasks, AI could eliminate around 2 million jobs in the next 5-7 years and more than 3 million jobs by 2030. It is predicted that one person out of five will use AI technology to complete their work. The major players in this market include Intel (US), NVIDIA (US), Xilinx (US), Samsung (South Korea), Facebook (US), Micron (US), IBM (US), Google (US), Microsoft (US), and AWS (US).
2.2 Recent Trends
(1) Smart Speaker Adoption Scales in China
In 2019, China superseded the U.S. in terms of mainstream adoption and sales of Voice-AI interfaces typically known as smart speakers. This is significant for how companies like Alibaba, Baidu, Xiaomi and others scale their influence. China’s smart speaker trading volume grew by 500% in Q1 2019 to supersede the U.S. and achieve a 51% market share.
(2) Enterprise Adoption of AI Strategies Are Bullish
The enterprises are adopting and piloting more AI-centric tools and features and plan to test more than ever. 73% of senior executives see AI/machine learning and automation as areas they want to maintain or increase investment in.
(3) AI is Becoming More Implicated in Cybersecurity
Utilizing AI for cybersecurity solutions is becoming more viable to help protect organizations from existing cyber threats and help identify newer malware types. Additionally, AI-powered cybersecurity systems can ensure effective security standards and help in the creation of better prevention and recovery strategies.
(4) Trust in AI is Overtaking Many Human Institutions
In an era where people do not trust government, politicians, social platforms and the media as much as they once did, what people are going to trust more is AI. AI will be engineered to be human-centric and helpful to people in all aspects of their lives. AI should be highly trusted by consumers.
2.3 Target Market Size
The Artificial Intelligence market is expected to be valued at USD 21.5 billion in 2018 and to reach USD 190.6 billion by 2025 with a CAGR of 36.6% during the forecast period. North America currently has the largest share of revenue generated from the AI market which is more than 40 percent. However, in the next 5-7 years, the Asia Pacific region is predicted to be the most lucrative market. Many countries have seen growth in the AI market because of the rising trend of automation across various industries, such as banking, financial services and insurance (BFSI), healthcare, gaming, and agriculture.
2.4 Target Customers
Any individual or organization in any industry sector that can benefit from using Personal Artificial Intelligence
2.5 Competitors
2.5.1 Existing Industry Competitors
The following sets forth certain information regarding the company's conventional competitors already established within the industry as of 2021-03-12:
2.5.2 Token Project Competitors
The following sets forth certain information regarding the company's competitors that have implemented Token economics as of 2021-03-12:
ITEM 3. Project's Business Model
3.1 Business Description
3.1.1 Revenue Model
3.1.2 Platform or Application Overview
General platform description
No Input
Functions of the solution
Project PAI is an open-source platform based on blockchain technology developed for users to create, manage, and use their own Personal Artificial Intelligence (PAI). The PAI Blockchain builds on a decentralized AI economy where both application developers and users can contribute to the PAI ecosystem. Developers create products and services while users provide their data to improve and enhance the platform’s AI network. In addition, companies and developers can easily create their own token on top of the PAI blockchain to facilitate interaction and transaction in their own unique experiences. The focal point of all interactions on the PAI blockchain are PAIs - intelligent 3D avatars that look, talk and behave just like their human counterparts, made from the digital profiles of the user’s online behavior.
3.1.3 Product/Service Line Description
⋅ PAIYO
With PAIYO, users can build their own Personal AI and customize it for every mood and occasion. A user's voice, image, and video data are secured on the decentralized platform. The native cryptocurrency of the PAI ecosystem, PAI Coin is used to unlock new customizations and features.
⋅ PAI UP
PAI UP is the wallet for the native cryptocurrency of the PAI ecosystem, PAI Coin. With PAI UP, users can securely store, send, and receive PAI Coin anytime anywhere.
3.1.4 Competitive Advantage
Project PAI is the world’s first initiative that enables people to create, use, and own their Personal Artificial Intelligence (PAI) in the digital world.
3.1.5 Intellectual Property
No Input
3.2 Partnerships
▸ ObEN
| Counterparty Website | https://oben.me/ |
|---|---|
| Counterparty Description | |
| Applicable Dates | |
| Does this partnership has an expiration date? | No |
| Revenue Generation | No |
| Expected Revenue (USD) | N/A |
| Partnership Description | AI company ObEN is Project PAI's first contributing organization that provides the necessary tools for applying personal data into intelligent avatars. |
| Expected Benefits to Project Team | |
| Expected Benefits to Counterparty |
3.3 Project Progress
History
Project PAI was created upon the vision of everyone should have the ability to make and access their own Personal Artificial Intelligence (PAI) and everyone who makes a PAI on the PAI blockchain will own, use, manage, and control their own assets. Several individuals and enterprises are adopting Project PAI's vision and contributing resources to the development of the PAI blockchain protocol including Personal AI company ObEN.
Project Status
Pilot Stage
Development of the platform and business operations have been or will be funded through the following sources
Initial token sale(Public and Private)
Sale of tokens from team's pre-mined or pre-allocated reserves post initial sale
Equity funding
Plan or Strategy to expand platform or token
No Input
3.4 Milestones
| Title | Target Date | Status | Description |
|---|---|---|---|
Token Generation | 2018-09-30 | Completed | Tokens on the PAI Blockchain can be created and transacted in tandem with PAI Coin |
First Mobile Application on PAI Blockchain | 2018-06-30 | Completed | nable the launch of a mobile app by a 3rd-party developer, potentially utilizing KYC via the Authenticator app, facilitated by a PAI Coin data share transaction. |
Android & iOS Mobile Wallet | 2018-03-31 | Completed | PAI Up is a lightweight, decentralized wallet that allows storage, sending and receiving of PAI Coin, plus the ability to create and locally store public/private keypairs. Available for iOS and Android at paiup.com |
PAI Coin Mainnet Launch | 2018-02-23 | Completed | PAI Coin can be transacted, and blockchain activity is visible on paichain.info |
3.5 Use Case
(1) Personal Assistant
| Date | |
|---|---|
| Type | Technology: Implementation and integration |
| Name of main counter-party | |
| Involved companies or organizations | |
| Category | |
| Main Participant | |
| List of others involved | |
| Description of blockchain application | PAI's functions as a personal assistant include: (1) aiding decision-making process, (2) reducing the number of choices a user must decide from, (3) walking people through experiences, and (4) enhancing their online journey. |
(2) Sharing Economy
| Date | |
|---|---|
| Type | Technology: Implementation and integration |
| Name of main counter-party | |
| Involved companies or organizations | |
| Category | |
| Main Participant | |
| List of others involved | |
| Description of blockchain application | PAI shares the owner's idle assets and services with other parties, and mediate transactions. It can also easily manage the exchanges between individual parties and link disparate sharing markets so that sharing any asset becomes seamless. |
(3) Healthcare
| Date | |
|---|---|
| Type | Technology: Implementation and integration |
| Name of main counter-party | |
| Involved companies or organizations | |
| Category | |
| Main Participant | |
| List of others involved | |
| Description of blockchain application | PAI betters the healthcare systems by (1) representing electronic medical records for healthcare stakeholders to interact, (2) coaching patients through recovery and the system, and (3) reminding and advising patients on maintaining health. |
(4) Social Networking
| Date | |
|---|---|
| Type | Technology: Implementation and integration |
| Name of main counter-party | |
| Involved companies or organizations | |
| Category | |
| Main Participant | |
| List of others involved | |
| Description of blockchain application | PAI serves to be the representation of the user in the virtual world even when he/she is not physically present. It can be used for dating, job search, group chat, and voicemail. |
(5) Entertainment & Media
| Date | |
|---|---|
| Type | Technology: Implementation and integration |
| Name of main counter-party | |
| Involved companies or organizations | |
| Category | |
| Main Participant | |
| List of others involved | |
| Description of blockchain application | PAI can serve as a medium of entertainment provider and social interaction. It allows celebrities and branded experiences to exist where they previously could not, adding value to users. |
(6) Distributed Artificial Intelligence
| Date | |
|---|---|
| Type | Technology: Implementation and integration |
| Name of main counter-party | |
| Involved companies or organizations | |
| Category | |
| Main Participant | |
| List of others involved | |
| Description of blockchain application | A core layer of the PAI Blockchain Protocol is built around supporting the development of AI. This enables not just PAI but also other AI applications and algorithms that can share common structures such as distributed computing on the blockchain, all aimed toward empowering the individual. |
3.6 Legal Concerns
PART III. Financial Information
This section is only accessible by our Partners. Please contact us at direct@crossangle.io to inquire about access.
PART IV. Token Information
ITEM 1. Token Profile
| Token Name | PAI Coin |
|---|---|
| Symbol | PAI |
| Token Economy | |
| Token Usage | PAI Coin (PAI) functions as a peer-to-peer (P2P) virtual currency, transactional medium of the Project PAI ecosystem, and basis for identity management of Personal AI. |
| Short Token Description | PAI is a transactional medium of the Project PAI ecosystem. |
| Token Contract Address | |
| Base Platform | Bitcoin protocol |
| Mainnet Explorer Url | https://www.paichain.info/ |
| Network | No Input |
| Project Type | Platform |
| Tokens were initially available and currently obtainable in the following method(s) | 1. Private offering 2. Mining 3. Payouts to compensate employees, reward users, fund projects, and other direct use from reserve funds |
| Additional Token issuance or minting conditions, including implemented natural inflation. | None of the above is implemented. |
| Trading practices after the Token Sale by Company | 1. Company has not purchased or sold Tokens after the Token Sale 2. Company founders and promoters have not purchased or sold Tokens after the Token Sale |
| Method of allocating tokens during Token Sale |
Token allocation percentage based on Total Supply immediately after Token Generation Event
| name | value |
|---|---|
| Investors (Private Placement) | 35 |
| PAI miners | 30 |
| Developer | 15 |
| PAI Ambassadors | 15 |
| Project PAI Foundation | 5 |
Token Holder Rights
a) Receive payments or other consideration under the following circumstances
No Input
b) Tokens give holders ownership or contractual interest or rights in the following circumstances
No Input
c) Token holders may vote on the following matters
No Input
d) Other information that may be relevant to the Tokens or their sale
No Input
ITEM 2. Token Sales
2.1 Token Sales details
No Input
Percentage of individual investors at initial offering
Terms and conditions for top backers
No Input
2.2 Initial Offering Rounds
No data available
*: Proposed calculation, but not necessarily mandatory, is based on USD equivalent of cryptocurrency received between the start and end date of the Token sale duration calculated by ((High+Low)/2) of market price
ITEM 3. Token Supply History
The following is a manual record Token supply history as of 2021-03-12. Corresponding transactions hashes have not been provided within this report.
| Purpose | Date | Amount | Value (USD) | Post Total Supply | Post Circulating Supply |
|---|---|---|---|---|---|
| No data available | |||||
ITEM 4. Listed Exchanges
PART V. Compliance
This section is only accessible by our Partners. Please contact us at direct@crossangle.io to inquire about access.
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