MindAi Set to Combine AI and Crypto into a New Exchange, Launches $TMC Token Presale
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Artificial intelligence (AI) has been one of the biggest buzzwords in the tech world for months now. Interestingly, it was also a huge point of interest in the financial world, leading many to start investing in this sector, which is now considered to be the next big thing.
While AI itself is extremely promising from the perspective of investors, MindAI has decided to take things to the next level and combine it with another lucrative business – a cryptocurrency exchange.
As is well known, the crypto industry has been booming for many years now. Although it had extremely bearish periods, popularly called “crypto winters”, the levels of adoption, development, new breakthroughs and the like have never stopped increasing. The crypto sector is taking the world by storm, and since the last crypto winter has just ended, this is a perfect time for a new exchange to emerge.
Why is another crypto exchange needed?
The crypto world already has many exchanges, so it’s understandable to wonder why another one is needed. However, there are several reasons why MindAI has decided that a new exchange is necessary.
The first includes the events in the crypto space over the past year. Specifically, the collapse of FTX and its affiliates has shown that it is essential to have a fully compliant, transparent, scalable and secure platform with products that share these characteristics.
This is necessary to protect users’ assets, deliver the best possible user experience and allow the cryptocurrency to recover and grow. Furthermore, crypto 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 trusted exchange will further increase adoption levels, help the industry grow and include more quality projects. It will also focus on building a safer ecosystem, achieving more regulatory compliance and developing innovative features while ensuring better security measures.
Why combine crypto and AI?
The AI industry has just exploded, and it’s already massive. Its fields and subfields are rapidly developing and showing massive growth potential. Admittedly, it is still unknown where all these developments will take us, and right now everything can have a positive or negative impact on human society. However, MindAI believes that combining AI and crypto has a positive impact, as both emerging technologies have countless real-world use cases.
Combining them can provide AI-powered fraud detection algorithms that monitor real-time transactions and flag suspicious activity. It can offer advanced image generation from text and voice messages or models dedicated to providing automated online assistance. Chain data analysis can provide detailed insight into monthly and annual transaction details. In addition, AI oracles will send model results to smart contracts, making them even more precise and useful.
What should you know about MindAI?
MindAI is a startup that focuses on building innovative new systems. It strongly focuses on making such systems massively scalable in crypto and AI fields, leading to the greatest benefits for humanity.
The company is also launching its own token, known as the $TMC token, which will be offered in the largest token presale in 2023. The token will help the company combine AI and blockchain industries and put them together 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 will 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 tool at the center of MindAI’s ecosystem. It will have a number of different uses, including offering fee discounts within the project’s crypto exchange, and it will be used in payments for goods and services. It will also deliver AI-trained models fee discount and other fees in the ecosystem.
The token comes with 240 million units minted during the token generation event, while its maximum supply is limited to 300 million. 50% of the offer (150 million) is to be offered in the pre-sale, while 15% (45 million) is intended to be used for R&D and the academy foundation. A further 5% (15 million) will be locked in the exchange’s liquidity pools for initial listings, and the remaining 30% (90 million) is reserved for the team’s foundation.
Details of the TMC pre-sale
The TMC pre-sale will go a long way in raising funds that will help MindAI achieve its vision. However, it will also help the value of the token remain stable in the market. Finally, it will give investors early access to goods and services, while ensuring that a world-class crypto exchange will be built.
All this will serve as a basis for further expanding the ecosystem and putting together AI and blockchain technologies.
The pre-sale itself will have 8 stages, and it will end six weeks after it starts. The project has set a minimum cap to buy TMC at $50. As for the token’s price, it will change from stage to stage. The pre-sale will look like this:
Step 1: $0.15 – 40M
Step 2: $0.155 – 20M
Step 3: $0.16 – 15M
Step 4: $0165 – 15M
Step 5: $0.17 – 15M
Step 6: $0.18 – 15M
Step 7: $0.19 – 15M
Step 8: $0.20 – 15M
MindAI is also set to request a regulatory approval license in Italy as soon as the pre-sale starts. It has also registered as an innovative start-up in Italy’s special section of the Businesses Register (Registro Imprese). This means that it is obliged to use up to 15% of free cash flows in R&D for continuous innovation in the first five years of operation.
How to participate in the TMC presale and buy tokens?
If you decide to participate in MindAI’s token presale, there will be two methods of purchasing tokens. One is with USDT, and the other is with ETH.
To buy tokens from your desktop, you must first 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 your dApp by choosing a provider.
Once that’s done and everything is connected, you’ll see more details, including the connected wallet address, the amount you bought, and buttons to buy with ETH or USDT.
Select the preferred option, enter the amount you wish to purchase and click Convert. After that, you just need to wait for the transaction to be confirmed. After confirmation, click Continue and you will return to the Buy section. Alternatively, you can just close the modal to see the amount you have purchased.
If you choose to buy with USDT, make sure you have enough funds to avoid transaction errors. You need to confirm the transaction twice, the first time for the remuneration and the second time for the actual transaction to buy tokens.
Alternatively, if you wish to purchase tokens from your mobile device, you must also select your favorite wallet and deposit ETH or USDT. It is recommended to use the built-in browser in Wallet 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 – the wallet address, the amount and the options to buy with ETH or USDT.
Select the preferred option, enter the quantity, press Convert and wait for the transaction to be confirmed. Then simply click Continue to return to the purchase section or close the modal to see the amount you have purchased.
When you buy with USDT, you will need enough allowance when you buy, as you need the transaction twice – first time for the allowance and second time to buy TMC tokens.
MindAI has pointed out that the first version of the upcoming crypto exchange will come out at the end of Q2 or somewhere in the beginning of Q3, so it urged buyers to be patient. The project will also start further AI research a year after launch.
For more information, follow the project on its social channels, including:
Website: https://officialmindai.com/
LinkedIn: https://www.linkedin.com/company/officialmindai/
Instagram: https://www.instagram.com/officialmindai/
Twitter: https://twitter.com/officialmindai
Telegram:
