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Artificial Intelligence (AI) has been one of the biggest buzzwords in the tech world for months. Interestingly, it was also a huge point of interest in the world of finance, leading many to start investing in this sector, which is now considered the next big thing.
While AI itself is very promising from the point of view of investors, MindAI decided to take things to the next level and combine it with another profitable business – cryptocurrency exchange.
As it is known, the cryptocurrency industry has been exploding for years now. Although it has had very bearish periods, popularly called “crypto winters,” the levels of adoption, development, new hacks, and the like, have never stopped rising. The cryptocurrency sector is taking over the world, and since the last cryptocurrency winter has just ended, this is the perfect time for a new exchange to emerge.
Why is another crypto exchange needed?
The crypto world already has plenty of exchanges, so wondering why another one is necessary is understandable. However, there are several reasons why MindAI decided that the new exchange was necessary.
The first includes events in the crypto space over the past year. Specifically, the collapse of FTX and its associated companies showed that having a fully compliant, transparent, scalable, and secure platform with products that share these traits is key.
This is necessary to protect users’ assets, provide the best possible user experience, and restore and grow the cryptocurrency space. Moreover, cryptocurrency exchanges are the fastest way to enter the crypto industry, as they provide a way to invest and exchange digital assets with low fees.
MindAI also believes that a new and reliable exchange will drive adoption levels further, help the industry grow, and include more quality projects. It will also focus on building a more secure ecosystem, obtaining more regulatory compliance, and developing innovative features while ensuring better security measures.
Why combine encryption and artificial intelligence?
The AI industry has just exploded, and it is already huge. Its fields and sub-fields are developing rapidly and showing huge growth potential. True, it is still unknown where all this development will take us, and at the moment all this can have a positive or negative impact on human society. However, MindAI believes that the combination of AI and cryptocurrency has a positive impact, as both emerging technologies have countless real-world use cases.
Incorporating them could provide AI-powered fraud detection algorithms that monitor transactions in real time and detect suspicious activity. It can provide advanced image creation from text and speech prompts or custom forms to provide automated online assistance. Chain data analysis can provide detailed insights into monthly and yearly transaction details. In addition, the artificial intelligence oracle will send the results of the model to the smart contract, making it more accurate and useful.
What should you know about MindAI?
MindAI is a startup focused on building innovative new systems. It is very focused on making such systems widely scalable in the fields of cryptography and artificial intelligence, leading to the greatest benefits for humanity.
The company also launched its own token, known as the $TMC token, which is being offered at the largest pre-token offering in 2023. The token will help the company bring together and aggregate the AI and blockchain industries with real-world use cases.
As for the company’s plans for the future, it intends to build a world-class crypto exchange and additional blockchain-based products. All of this should help accelerate the world’s transition to digital currencies.
What is TMC?
The important thing to note about TMC is that it is a limited supply utility token at the center of the MindAI ecosystem. It will have a number of different use cases, including offering fee discounts within the project’s cryptocurrency exchange, and will be used for payments for goods and services. It will also offer discount fees for AI-trained models and other fees in the ecosystem.
The token comes with 240 million units minted during the token generation event, while its supply cap is 300 million. 50% of the supply (150 million) will be offered in pre-sale, while 15% (45 million) is intended for use in R&D and the Academy Foundation. Another 5% (15 million) will be locked in the exchange’s liquidity pools for initial listing, and the remaining 30% (90 million) will be reserved for team foundation.
Details about the TMC pre-sale
The pre-sale of TMC will greatly help raise funds that will help MindAI achieve its vision. However, it will also help the token’s value remain stable in the market. Finally, it will provide investors with early access to goods and services while also ensuring that a world-class crypto exchange is built.
All of this will serve as the basis for further expansion of the ecosystem and the aggregation of AI and blockchain technologies.
The presale itself will have 8 stages, and will end six weeks after it started. The project set a minimum purchase price for TMC at $50. As for the price of the token, it will change from one stage to another. The preview will look like this:
First stage: $0.15 – $40 million
The second stage: 0.155 – 20 million dollars
The third stage: 0.16 – 15 million dollars
Fourth stage: 0165 – 15 million dollars
Fifth stage: 0.17 – 15 million dollars
Stage 6: 0.18 – 15 million dollars
Seventh stage: 0.19 – 15 million dollars
The eighth stage: 0.20 – 15 million dollars
MindAI is also set to seek regulatory approval licensing in Italy once pre-sale begins. It is also registered as an innovative start-up in the Italy section of the Registro Imprese. This means that they are committed to using up to 15% of their free cash flow in research and development to continually innovate in the first five years of operation.
How to participate in the TMC pre-sale and token purchase?
If you decide to participate in MindAI’s token pre-sale, there are two ways to purchase tokens. One with USDT and the other with ETH.
In order to purchase tokens from your desktop, you will first need to install Metamask for your browser or another wallet, depending on your preference. In this example, we will use Metamask.
After setting up your wallet, fund it with ETH or USDT, then connect it to a dApp by choosing a provider.
Once this is done and everything is connected, you will see several details, including the address of the connected wallet, the amount you have purchased, and the Buy with ETH or USDT buttons.
Select the preferred option, enter the amount you wish to purchase, and click Transfer. After that, you just have to wait for the transaction to be confirmed. After confirming, click Continue and you will be taken back to the Purchase section. Alternatively, you can just close the form to see how much you have purchased.
If you choose to buy with USDT, make sure you have enough funds to avoid transaction errors. You will need to confirm the transaction twice, the first time for the allowance and the second time for the actual transaction to buy the tokens.
Alternatively, if you want to buy tokens from your mobile device, you will also have to select your preferred wallet and deposit ETH or USDT. It is recommended to use the built-in Wallet Browser when interacting via mobile devices, as it will provide a better experience and connect the wallet to Walletconnect.
After establishing a connection, you will see the same details as desktop users – wallet address, quantity, and options to buy with ETH or USDT.
Select the preferred option, enter the quantity, click Transfer, and wait for the transaction to be confirmed. Then, simply click Continue to return to the Purchase section or close the form to see how much you have purchased.
In the case of buying with USDT, you will need enough allotments on the purchase, as you will need twice the transaction – the first time for the allowance and the second time for the purchase of TMC tokens.
MindAI indicated that the first version of the upcoming cryptocurrency exchange will be released at the end of the second quarter or somewhere in the beginning of the third, so it urged buyers to be patient. Also, the project will start doing more AI research a year after launch.
For more information, follow the project on its social channels, including:
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