Come back with me zorzia this time I invite you to review the interesting Genius Tokens project that will lead you to success
#Genius #GNUS #Geniusventures #ICO #cryptotoken
As our world grows, so does data and the need for efficient data management systems. Large data processing, storage and retrieval requires advance computing tools; hence, Artificial intelligence (AI) and Machine Learning (ML) are projected to proffer the solution we need as their efficient computing power have been demonstrated in various fields of life. Understanding this, big companies such as Amazon, Google and Microsoft have invested billions of dollars into cloud-based computing. However, these are centralized system hence, the problem of scalability comes in. How then do we solve the problem of scalability?
THE GENIUS ECOSYSTEM SOLUTION AND THE GENIUS TOKEN (GNUS)
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. 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).
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. Below is a pictorial view of the Genius ecosystem:
WHAT MAKES GENIUS SYSTEM UNIQUE?
Genius system is unique because it offers a win-win for all users. How? Let me explain. When a customer requires one of the services offered in the Genius system, he will make payments which will be converted into Genius Token and held in escrow. Genius system will deploy AI or ML, which the customer have the option of choosing during service request, to process the data. Upon completion of the computing operation, Genius smart contract will validate and return processed data to the customer thereafter, distribute 70% of the fund to the individual node wallets involved in the computation, 20% of the fund to the publisher of the services rendered (such as app or games) while Genius Venture will receive 10% of the fund. Interestingly, the recipients of the Genius Token have the option of converting their token to other currency or use them for other services rendered on the platform.
SOME FEATURES OF THE GENIUS SYSTEM.
The Genius system contains but not limited to a payment system , proof of work , decentralised file System ,data delivery/storage systems, software development kit and cryptocurrency wallet whose picture is shown below
GENIUS TOKENOMICS
Below is the Genius Token allocation:
• 59% for public during the Initial Token Offering
• 15% for the team of Genius Ventures project
• 5% for the bounty and overhead
• 3% for partners and advisors
• 18% for reserves
Above token allocations shows transparency in the side of the team as they do not hold bulk of the token but the public. Hence, the chances of dumping the token below the public sale price is minimal. This is heady for GNUS and presents a great opportunity for investors.
In addition to the token allocation, GNUS have a wonderful use case which I believe will see the demand soar when the platform is fully deployed.
GENIUS TOKEN SALE
The token sale is live and you can be one of the early investors. To buy the token, kind proceed to Uniswap or visit the website
You can read more about the project and their milestone on the website, whitepaper or social media links attached below.
Website: https://www.gnus.ai/
Whitepaper: https://www.gnus.ai/wp-content/uploads/2021/08/Genius-Tokens-Whitepaper-1.0_Final.pdf
Telegram: https://t.me/geniustokenschat
Twitter: https://twitter.com/VenturesGenius
Facebook: https://www.facebook.com/geniusventures.io/
Linkedin: https://www.linkedin.com/company/geniusventuresio
Author : zorzia
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2283026