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What Is Koios?
Koios (KOI) is a project that seeks to build an Artificial Intelligence (AI) ecosystem for the global customer using blockchain. In the current technological landscape, Artificial Intelligence and Machine Learning technologies have only been the realm of large firms all over the world. This is mainly due to the inherent complexity and huge capital costs that are involved in the process of research, development, and production of these technologies. To address this issue, Koios aims to provide a highly distributed and planet-scale ecosystem of products that will accelerate the process of AI development and hence remove barriers for the entry of the global consumer. This ecosystem will contain three distinct products: AI Lab, Titan Protocol, and Neural Net. AI Lab is a development platform with a library of tools that developers can use to accelerate the creation of AI algorithms. Titan Protocol is a decentralized system that enables users to rent their computational power to the platform and earn money in the form of KOI tokens in return. Finally, Neural Net is an intuitive marketplace with a library of Artificial Intelligence and Machine Learning models which users can buy from developers and use in their various activities. By integrating these three pillars, Koios will be able to provide a globally accessible development environment for the global AI community.
Koios AI Main Features
- Efficiency – Koios has efficiently integrated all the necessary tools, datasets and computing power that are required in the development and deployment of Artificial Intelligence. This will enable both beginner and seasoned developers to easily develop AI algorithms and constructs without having to invest in acquiring these necessary resources.
- Highly trustworthy – All Machine Learning and Artificial Intelligence models undergo technical inspection and review by the Koios team to ensure they are functional and that they adhere to industry standards before they can be posted on the marketplace. Furthermore, the Koios platform is built on the Ethereum blockchain and smart contracts which ensures all transactions and data on the platform carry a high level of security.
- Intuitive – Koios has developed its range of products in such a way that users can easily navigate and use them. For instance, the Neural Net marketplace has been optimized such that users can easily view and purchase various AI and ML models and constructs advertised by developers.
- Highly scalable and reliable – All the products developed by Koios are highly scalable and dynamic which means they can be specifically tailored to serve a range of user needs all over the world. The user-driven nature of Koios coupled with the high expertise of its team members makes it a reliable platform for accessing Artificial intelligence technology for use in various industrial operations.
- Artificial Intelligence for all – If successful, Koios will be able to harness the power of millions of AI developers all over the world and connect them to individuals and organizations in need of these technologies.
Koios ICO Communication Channels
Koios ICO Team
Marcus Bowles – Founder/ CEO
Marcus is the founder of this project, and he currently serves as the CEO of Koios AI. Prior to founding Koios, he served as a Cloud Engineer at Google Australia. He has also worked as a District Manager and Enterprise System Engineer at Commvault Australia from 2012 to 2017. He also worked as a Senior Presales System Engineer at Data#3 from 2011 to 2012 and as a Senior Systems Engineer at Thomas Duryea Consulting from 2009 to 2011. He is a Google Certified Professional – Data Engineer, AWS Certified Solutions Architect – Associate and Google Certified Professional – Cloud Architect. He has deep experience spanning nine years working as a software engineer in various firms. He has an Advanced Diploma in Computer Systems from Box Hill Institute of TAFE, Australia.
James Liu – CTO
Prior to working at Koios, James served as a Customer Engineer at Google Australia. He has also previously worked as a Cloud Architect and Senior Consultant – Azure and Datacentre at Diligent Australia from 2015 to 2017. He also served as Cloud Platform Specialist and Infrastructure Consultant at Datacom Systems from 2014 to 2015. He is well experienced in cloud engineering especially working with Microsoft Azure and AWS.
Zoe Konikkos – Chief Marketing Officer
Zoe is a seasoned sales and marketing professional with experience spanning over 15 years in the field. She currently owns a business known as Yo Mami P/L in Australia. She has also worked as a Sales and Marketing Director at SportzBuz from 2015 to 2016 and as the Sales and Marketing Manager at Adidas Combat Sports from 2003 to 2015. She holds a Bachelor of Arts Degree in Sociology from La Trobe University.
Braiden Judd – Platform Development Manager
Braiden is a talented engineer and software developer with over 5 years’ experience in the field. Prior to joining Koios, he served as a Software Development Manager from 2015 to 2017 where he majorly worked on Amazon Web Services. He has also worked as a Software Developer at REA Group from 2014 to 2015 and as a Cloud Consultant at Suncorp Group from 2012 to 2014. He studied Information Technology and Software Development at the Queensland University of Technology.
Loren Stewart – Full Stack Developer
Levgen Legorochkin – Blockchain Developer
Levgen currently serves as the Blockchain Developer at Koios. Prior to joining the Koios team, he served as the Application Security Engineer at Veracity. He has also previously worked as a High-load Backend C/C++ Developer at Touchtab from 2015 to 2017. He has more than 15 years’ experience working as a Backend Developer for various organizations on contract and permanent basis.
ICO Scam Check
In order to check for any potential signs of a scam, we cross-examined the social media accounts of the various team members and also checked what other cryptocurrency related websites said about the Koios ICO. Well, our findings indicate that the team is credible and experienced in the field of AI and the promises laid out on the Koios website are realistic and achievable. Moreover, the general feedback from the cryptocurrency community is positive which strongly indicates the ICO is a legitimate venture. The KOI tokens that will be available for sale during the ICO will be secured in the Ethereum Smart Contracts for transparency and security. Therefore, investors can go ahead and invest if they have the required funds.
Koios ICO token sale
The maximum supply of KOI tokens is set at 1,000,000,000 out of which 400,000,000 will be available in the token sale. The price of one KOI token is currently set at 0.00013 ETH which is pretty decent. Payments are only accepted in ETH currency. Presale allocations are limited to approved applicants only. This means that interested parties who wish to participate in the presale have to register and be approved.
Token Distribution Metrics
- KOI platform Pool: 30%
- Customer Incentives: 10%
- Token sale (Both public and private sale): 40%
- Developer Incentives: 10%
- Crypto marketing: 3%
- Bounty: 1%
- Airdrop: 1%
- Team: 5%
Koios has not listed any bonuses that will be available for early investors. Therefore, it can be assumed that the token price is constant regardless of the time of purchase.
Koios ICO Business Model
The Koios utility tokens (KOI) will be used as a native cryptocurrency for powering the digital economy in the Koios ecosystem products. First of all, developers will be required to purchase KOI tokens in order to use the platform. After this, actions such as developer subscription to AI Lab, Machine Learning training and hosting via Titan Protocol and content purchases done using Neural Net will consume the KOI tokens.
Users can also earn KOI tokens through actions such as selling content on Neural Net, contributing datasets, fog mining via Titan Protocol, Manual data tagging and performing API calls to hosted Machine Learning models. A small portion of all the transactions made on the platform will be allocated to Koios.
The minimum viable product is a platform that can be supported on both browsers and smartphones that will enable developers to develop and deploy AI algorithms. This product is expected to be ready by the first quarter of 2019.
The target for the Koios ICO is to raise 15,000,000 US Dollars by selling a total of 400,000,000 KOI tokens. Considering the revolutionary nature of the project and that the token price is set at an affordable price of 1 KOI = 0.1 USD, one can conclude that the ICO has a huge potential of raising the desired amount.
Comparing Koios ICO with Effect.ai, which is another decentralized platform for Artificial Intelligence, the Effect.ai ICO was able to raise 13,591,000 US Dollars in its crowd sale. This indicates that the Koios ICO is able to raise its target amount as Artificial Intelligence becomes more and more widespread.
ICO Market research
All industries in the global economy are seeking ways to streamline processes, enhance capabilities and automate repetitive tasks by using Artificial Intelligence. These industries include manufacturing, health, financial, travel and hospitality, energy and utilities, and retail. This shows that Artificial Intelligence systems if adopted to the mainstream, have wide-reaching applications in numerous sectors.
The global spending on Artificial Intelligence and cognitive systems are forecasted to reach 57.6 billion US Dollars by 2021 which represents an annual growth rate of over 50%. This indicates that there is aggressive growth in the adoption of Artificial Intelligence solutions into various industries. This adoption is more prevalent in industrialized countries such as China, USA, India, Australia, Germany among others. Analysis points that the major area of investment and global spending in the near future will be in AI technologies.
Potential/ Use cases
Many people in the recent weeks have been in a dilemma of deciding whether to buy KOI tokens or not. Well, the potential of Koios is certainly huge considering the ever-increasing demand for Artificial Intelligence technologies. Usually, the company that is able to make certain revolutionary technologies easily accessible to the common man is the one that reaps huge profits. This can be attested by companies such as Apple which were able to make computers affordable and accessible to virtually everyone in the late 90’s. This is exactly what Koios is doing to Artificial Intelligence. It endeavors to make AI development easier and easily accessible to various users globally. These users can be small enterprises, medium enterprises or large enterprises. The Koios platform is able to scale to their varied needs.
Koios Coin supply and purpose
The Koios coin (KOI) is an ERC20 token. The total coin supply is 1,000,000,000 KOI tokens. Out of this, 400,000,000 tokens will be available in the token sale. All remaining public sale tokens will be burned at the end of the Koios ICO. The ICO has a fundraising goal of 15,000,000 US Dollars and a soft cap of 5,000,000 USD. The token will be listed on various exchanges after the conclusion of the ICO. Funds raised during the ICO will be used as follows:
- 50% of the funds will be used in product development which includes platform development, AI and Blockchain development and IPFS development.
- 25% of the funds will be used in the marketing of the platform to both developers and consumers of AI.
- 15% of the funds will be used in the hiring of staff such as developers, sales agents, and
- 10% of the funds will be used in various administrative and legal costs involved in the project.
The purpose of the token is to buy and sell Artificial Intelligence and Machine Learning content that will be available on the Koios platform. This involves actions such as developer subscription, machine learning training and hosting, and content purchases from the Neural Net marketplace.
Compatible wallets and exchanges
Koios has stated that the KOI cryptocurrency will be available on various cryptocurrency exchange platforms after the token sale is concluded. These particular exchanges will be made public at that time using the various communication channels. The KOI token is compatible with all ERC20 wallets. This is because the KOI token is an ERC20 token. These wallets include MyEtherWallet, Ledger Nano S, MetaMask, Mist among others.
Currently, there are no discussions or rumors pertaining the Koios token sale. Perhaps as the actual ICO token sale approaches, there may be whispers or Koios news circulating around. To be on the safe side, always check on their communication channels for an important message.
Koios ICO is a revolutionary project that has been developed by visionary creators who have the ability to look at the market and determine its current needs. The Koios project is also highly hyped on various social media accounts.
I hope you find our Koios ICO review insightful. You are welcomed to visit our site for more informative content on cryptocurrency related topics.