INTRODUCTION
Genius Ventures is a company that is developing a decentralized platform that will deploy AI/ML and leveraging on the Blockchain Technology to solve myriads of problems associated with the digital world. The problem of scalability, security, privacy and data integrity, and so on, will be things of the past with the emergence of Genius platform.
What is a GNUS Token?
GNUS Tokens are token is used in a unique platform, a secure, smart, and easy-to-use platform that completely disrupts the way businesses do AI/ML Processing. It is the purchasing unit for AI/ML processing requests.
How does the Genius Ecosystem work?
In the Genius ecosystem, we have the customers who are users that will require the services offer by the Genius system, the app publishers that publishes their games and apps in the Genius system and the nodes which provide the computing power to support the AI/ML. This solves the problem of scalability as data is decentralized, that is, processed by thousands of nodes (individual devices who rent out their devices for AI/ML computing in exchange for a reward).
Genius Token Blockchain
Utilizing unused cycles on servers and mobile and IoT devices, the system processes AI and ML data on the target device. The end-user gets paid in Genius crypto tokens that can be reused for in-app purchases or converted back to other currencies. The following workflow demonstrates the way Genius Token blockchain executes:
More on Genius Token (GNUS)
Genius Token (GNUS) is an Ethereum-based cryptocurrency that recently entered the presale period. GNUS isn’t listed in any major exchanges at the moment, but you can obtain the tokens on Uniswap, a decentralized cryptocurrency exchange platform.
Here’s how tokens are allocated:
59% will be distributed during the Initial Coin Offering
15% goes to the team behind the Genius Ventures project
5% is for the bounty and overhead
3% is for partners and advisors
18% goes to the reserves
CONCLUSION
At the core of the Genius platform is the Genius Token (GNUS) that is built on the Etherium blockchain, and which will serve as fuel that powers the Genius Ecosystem. In other words, users who wishes to utilize the services offered by Genius system such as renting processing power, purchasing dataset, will make payments which will be converted to GNUS.
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