AiPTP x Crypto Challengers AMA Recap
Dear Crypto Challengers Community,
📍 Here is a recap of the AMA held with AiPTP on 19th June 2023, a session where we got to know more about AiPTP where the team answers the questions from Host & Twitter & Live segment respectively. The AMA session was consisting of Introduction segment, Twitter Segment, Live segment.
On June 19, 2023, AiPTP held an AMA on Telegram with Tanmay, the host of Crypto Challengers. The AMA was attended by over 1,000 people and also by Rose, the guest.
This was an AMA session with the AiPTP team. The aim of this AMA session was to learn more about AiPTP by allowing the host to ask questions and having the team answer them.
Below is the recap of the AMA session that took place on 19th June 2023.
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Tanmay:
Good day everyone and welcome back to Challengers for another wonderful AMA :) Today we’re having an AMA with AiPTP together with Rose to share us more about AiPTP.
Rose:
Hey 👋
Part 1 — Introduction and questions from the host
What prompted your team to start this project?
One of our team members used to be an outsourced supplier of OpenAI and was responsible for managing data proofreading in Africa. At that time, it was still a human proofreading process, but now it has evolved to the point where AI can proofread and then review manually. The average proofreader’s salary is very low, working eight hours a day, and the monthly salary is only about $500. In 2021, he returned to Hong Kong and shared interesting stories about the AI industry. At that time, I was working on a crypto project, so we developed the idea of combining AI and crypto. We formed a team last year, and with the explosion of ChatGPT this year, we realized our idea might be right, or at least worth exploring.
Tanmay:
yea, it’s a low salary
Rose:
Yep
Tanmay:
Great that you’re developing an idea combining AI & Crypto :)
Why did AiPTP design two Bitcoin L2s?
The first step is to filter out the available data from many complicated data, and the second step is to deduce the available data to realize real commercialization. Therefore, from a technical point of view, one main chain cannot meet the demand of AI commercialization, and it is difficult for one main chain to run two operations simultaneously. So, we designed two Bitcoin L2s, and the token between two Bitcoin L2s is available to achieve seamless cross-chain functionality. This allows users to operate almost seamlessly, similar to cross-chain transactions from Ethereum to Polygon or Arbitrum.
What is the main role of $AIB in the ecology of AIPTP?
There are three main roles of $AIB. First, it serves as the gas fee for the AIS Chain of Bitcoin L2. Second, it is used for DAO governance. And third, it is involved in the buyback & burn mechanism. The gas fee is similar to Ethereum’s ETH. In the governance of AiPTP, currently, the tentative proposal requires holding 100 million AIB for voting, and any number of AIB can be held to participate in the voting. Additionally, half of all commercial profits of AiPTP will be used to buy back AIB.
Tanmay:
That’s a great explanation! It’s clear that AIB has three crucial roles: gas fee for AIS Chain, DAO governance, and buyback & burn. The governance requires $AIB for voting, adding transparency, and the buyback step is also positive. Well done! :)
How do you compare your project to the other AI Crypto projects out there?
We started with a long-term airdrop program, what we call UBI (universal basic income). UBI will last for over 100 years, and you can check our white paper for details.
We will be developing a lot of AI tool suites, practical AI tools. We believe in Bitcoin and are against all centralized behavior. This is the only value that guides our project development plan.
Tanmay:
Innovative vision and long-term commitment! 👏
I saw you also have an AI NFT Board. Could you please tell us more about it?
The AI NFT board will be launched after the AIB launch. Everyone can create their own unique artwork through our AI drawing tool, then issue their own NFT through our AI NFT tool, and then earn more AIB by upgrading, staking, etc. More information will be announced on our social media channels soon. You can follow our socials if you’re interested.
Tanmay:
Exciting opportunities for creativity and growth! 👍
Part 2 — Questions from Twitter
Q1. How can AIPTP keep funds secure? Since most of the common problems that often occur in DeFi projects is that smart contracts can lead to loss of funds. What steps has your team taken into consideration to fix this major problem & prevent such occurrences in the future?
First of all, we will use an open-source model, and secondly, we will use a multi-node verification mechanism. Any innovative technology cannot guarantee absolute security, even OpenAI’s ChatGPT and Google’s BARD. Moving forward in exploration is the only criterion.
Q2. About your upcoming apps, does AIPTP.com plan to be more inclusive, expanding and offering the availability of some or all of these to various financial markets other than the crypto market? If so, could you indicate some, and how will you make it sustainable in the long term?
We will try to develop more effective AI tools that would make our community stronger and the project better.
Q3. Are there any age restrictions or legal requirements for participating in the project? How is the project’s community fostered and encouraged among participants? Are there forums, chat rooms, or social media groups for interaction?
As there is no investment of money, anyone can use it. We have Telegram and Discord for chat and engagement.
Q4. Staking is one of the strategies to attract users. So, does your project have a staking program? If so, can you tell us how we can stake on your platform? How high is your APR? And is there any specific amount to stake?
Staking is absolutely coming. More announcements will be made soon about it, so stay tuned.
Q5. AIPTP has launched a BRC-20 token $ATMT recently. What is the role of this token in the AIPTP ecosystem? Also, how will holders benefit by HODLing $ATMT?
BRC-20 is held by the community for demanding and feedback, and those who hold BRC-20 tokens might get an airdrop.
Part 3 : Live Telegram segment
Can you give an overview of Tokenomic and the token’s role in the ecosystem, its use and long-term benefits?
According to the roadmap, what is your most important next priority? Do you have enough funds and strong community to achieve the goal?
We are launching ido next month and more ai tools soon
What does AIPTP do to secure users’ information? Especially the security of the user’s wallet address when there are many projects recently destroyed by hackers?
First of all, we will use an open source model, and secondly, we will use a multi-node verification mechanism. Any innovative technology cannot guarantee absolute security, even Openai’s chatgpt and Google’s bard.
Moving forward in exploration is the only criterion.
Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name? Sir plz help me
One of our team members used to be an outsourced supplier of openai and was responsible for managing data proofreading in Africa. At that time it was still a human proofreading, but of course now it has evolved to the point where ai can proofread and then review manually.
The average proofreader’s salary is so low that you can’t imagine, working eight hours a day, the monthly salary is only about 500 U.S. dollars. In 2021 he returned to Hong Kong, and told us some interesting stories about the AI industry, this is just one of them, at that time I was doing operational work for a crypto project, so we developed the idea of letting ai and crypto combine, so we formed a team last year. until the explosion of chatGPT this year we realized our idea might be right, or at least worth exploring.
Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups? pls Answer question✅
🌐Global — https://t.me/aiptpcom
🇮🇳 Indian — https://t.me/AiptpIndian && 🇹🇷 Turkish — https://t.me/AIPTPTurkey
🇨🇳Chinese — https://t.me/AiPTPCHINA && 🇺🇸 American — https://t.me/AIPTPAmerica
🇦🇪Arabic — https://t.me/AiptpArabic && 🇮🇩Indonesian — https://t.me/aiptpindo
🇰🇷South Korea — https://t.me/AIPTPSouthKorea && 🇻🇳Vietnamese — https://t.me/AIPTPVietnam
🇧🇩Bangladesh — https://t.me/AIPTPBangladesh && 🇪🇺Europe — https://t.me/AIPTPEurope
The AMA is now over. ⚠️
