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2 January 2025 • 4 min to read

Discover Solidus Ai Tech and the $AITECH Token: A Comprehensive Overview [Watch the Video]

Solidus AI Tech
Founder & Head of International Operations

📃 White paper: docs.aitech.io
🔗 Links: | Website | CertiK | Medium | GitHub

Solidus has built an eco-friendly, advanced High-Performance Computing (HPC) Data Centre covering 8,000 square feet in a secure European location. Alongside, Solidus is introducing the world’s first deflationary AI token, AITECH, to license AIaaS, BaaS, and access HPC resources through their IaaS platform.

Solidus Ai Tech plans to create a marketplace for software developers to launch AI applications for end-users and participate in profit-sharing. AITECH will be the primary token for all services on the Solidus Ai Tech platform, with options for traditional payments as well, converted into AITECH on the backend via the Blockchain. To ensure a deflationary token economy, 5–10% of AITECH tokens used for services will be systematically burned, a process visible on our dashboard for transparency. Solidus strives to bridge the gap between these two revolutionary technologies, leveraging the immutability and transparency of the blockchain with the intelligence and adaptability of AI. The goal is to create a self-sustaining, decentralized ecosystem that can revolutionize various industries, from finance and supply chain to healthcare and education.

$AITECH is the native cryptocurrency of the Solidus Ai Tech ecosystem. This token holds a critical role, serving as the backbone of transactions within the system. The token allows participants to access, interact, and engage with the platform’s diverse range of services.

$AITECH also facilitates the platform’s unique burn mechanism and enables decentralized governance, a vital aspect of the DAO model Solidus Ai Tech employs.

The utility of the $AITECH token is multifaceted. Beyond being the platform’s primary exchange medium, $AITECH plays a significant role in supporting and maintaining the Solidus Ai Tech ecosystem.

  1. Access to Services: $AITECH tokens are used to access the various AI and blockchain-based services offered by Solidus Ai Tech. These services could range from data analytics to AI model training, financial transactions, and more.
  2. Staking: Token holders can stake their $AITECH tokens to earn rewards. Staking also encourages holders to keep their tokens, thus increasing the token’s value over time.
  3. Governance: $AITECH token holders can participate in the platform’s DAO governance system, giving them voting rights on critical decisions about the platform’s future and development.

Solidus Ai Tech employs a token burn mechanism to regulate the number of $AITECH tokens in circulation. Token burning is a strategy used in the cryptocurrency world to reduce the supply of a token, thereby increasing its scarcity and potentially its value.

In the case of Solidus Ai Tech, a portion of the $AITECH tokens used in transactions or paid as fees is burned or permanently removed from circulation. This action not only helps maintain a balanced ecosystem but also protects the token against inflation.

DAO governance provides $AITECH token holders the power to influence decisions and directions regarding the platform. Token holders can vote on various proposals, such as changes to the platform’s protocol, addition of new features, or strategic decisions. This democratic model ensures that the platform stays truly decentralized and provides an equitable stake for all participants.

Solidus Ai Tech, with its blend of AI and blockchain, has an extensive range of potential real-world applications. Here are some key use cases:

  1. Supply Chain: The Solidus Ai Tech platform can offer transparency and traceability in the supply chain, with AI used to predict and manage inventory efficiently.
  2. Healthcare: Patient data can be securely stored and shared on the blockchain, while AI can be used for diagnosis, drug discovery, and personalized treatment plans.
  3. Finance: Solidus Ai Tech could redefine fintech by streamlining transactions, enhancing security, and enabling smarter, AI-driven investment strategies.
  4. Education: AI could personalize learning while blockchain could secure academic credentials and simplify admissions processes.