Whitepaper

Introduction

AugmaCoin Whitepaper

Version 1.0

Released on 20 December, 2024

Project Information

Project Name: @AugmaCoin

Leverage the AI computation power to boost people's productivity.

Date of publication: 20 December, 2024

Abstract

In an era where artificial intelligence is rapidly evolving, the potential to enhance human productivity through AI technology has never been greater.

Executive Summary

@AugmaCoin is designed to revolutionize the accessibility of AI technology, addressing the significant barriers that currently exist in the market.

The project is rooted in a vision where AI is not just a luxury for tech-savvy individuals or large corporations but a readily available tool for everyone.

As we approach our target launch date of January 20, 2025, @AugmaCoin aims to establish a thriving ecosystem that connects AI developers with users worldwide.

Project Introduction

In today's fast-paced world, productivity challenges persist across various sectors, with significant inefficiencies in how work is conducted and resources are allocated.

AI has emerged as a transformative force with the potential to enhance productivity significantly. Recent studies indicate that AI implementation can increase productivity by up to 40% in certain industries.

@AugmaCoin aims to bridge this gap by providing an affordable AI-computation token that democratizes access to advanced AI capabilities.

Problems We Are Facing

Recent examples highlight the challenges in current AI implementation. For instance, a major tech company invested heavily in an AI recruitment tool that ultimately failed due to inherent biases in its algorithm, leading to significant losses.

Moreover, a global oil and gas company sought to streamline its procurement operations but struggled with implementing AI solutions due to the high costs and complexity of available options.

@AugmaCoin aims to resolve these inefficiencies by creating a platform that connects individual developers with enterprises, ensuring high-quality, cost-effective AI solutions.

Solution Overview

@AugmaCoin is poised to revolutionize the way AI services are accessed and monetized, addressing critical market inefficiencies while fostering innovation.

By leveraging blockchain technology, @AugmaCoin ensures secure transactions and transparency throughout the ecosystem.

  • Tokenized Transactions: All payments for AI services will be conducted using @AugmaCoin tokens
  • Developer Incentives: The platform will reward developers with @AugmaCoin tokens for each service
  • User-Friendly Interface: The AI Open Platform will feature an intuitive interface

Tokenomics

Smart Contract in Base Mainnet

Total Supply: 2,000,000,000 tokens

Token Allocation (Initial)

  • 25% for Private Sale, Available to initial stakeholders, Lock-up period of at least 183 days
  • 40% for Public Sale
  • 25% for Reward Pool, Used for staking rewards, Incentives for individual AI service providers
  • 10% for Founding Members, To encourage innovation, Supports platform maintenance

Initial Token Offering – Public Sale

Token price: 0.1 USDC

Tokens will be available for buy/sell on Uniswap DEX in the first phase.

This will create a decentralized exchange for easy trading.

Future Roadmap

The roadmap for @AugmaCoin outlines our strategic milestones and goals for both short-term and long-term development.

Past Achievements

  • Q3 2024: Concept development and initial team formation
  • Q4 2024: Smart Contract creation, and Development
  • Q1 2025: Grand Launch the Initial Token Offering (ITO) at a price of 0.1 USDT per token

Upcoming

  • Q1 2025: List @AugmaCoin on Uniswap DEX for trading
  • Q2 2025: Launch the AI Open Platform

Long-Term Goals (2025 and Beyond)

  • Q3 2025: Expand the platform to include a wider variety of AI services
  • Q4 2025: Establish partnerships with major corporations
  • 2026 and beyond: Continuously enhance the platform based on user feedback