Over the past year, Substratum’s form of community management has been continuously criticized for being too aggressive and “ban-happy”. In addition to a number of long-time Substratum supporters, I was also recently banned for expressing concern about the upcoming AMPX ICO – Substratum’s second public fundraiser.
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Justin Tabb, CEO of Substratum:
Maybe we will just private sale it. We have enough support to do it.
My thanks to @hodler_krypto for sharing this screenshot from a Telegram channel with Substratum executives and community moderators.
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Over the next 18 months, Huobi Global will be working on the development of Huobi Chain, its upcoming public blockchain platform offering smart contract support, financial value exchange, fundraising capabilities, securitization, and more. Huobi Chain will operate as a DAO (Decentralized Autonomous Organization), and HT (Huobi Token) will provide liquidity, gas, and voting power determination token on the blockchain.
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Project PAI is a blockchain project that’s focused on bringing the concept of a “personal AI”, or PAI, to the masses. A PAI is a cryptographically-verified and intelligent 3D avatar that is designed to “look like you, speak like you, and behave like you in the digital space.” A user’s PAI is tied to him or her via an authentication process called “Proof of You”, and Project PAI envisions a world where PAIs can help their owners perform day to day tasks like scheduling appointments or shopping.
The Project PAI blockchain adopts Bitcoin’s PoW consensus mechanism, with PAI as its network utility token. PAI can be earned and used on various network services, and is currently tradable on Huobi Pro with PAI/BTC and PAI/ETH pairs.
The AI Economy & Project PAI
In the past, services like Automattic’s Gravatar enabled users to create an online digital avatar that could be used as an identity method on many websites. Gravatars are useful for simple tasks like maintaining one’s identity when commenting on multiple blogs, and the service’s dashboard proved useful in centralizing a user’s online interactions for moderation. Project PAI is looking to take this concept of a digital avatar to the next level with cryptographically authenticated PAIs, which can be trained to perform a variety of different tasks on behalf of its owner.
Project PAI, who recently launched its mainnet, envisions an “AI Economy” where a PAI can help its owner with day to day tasks, and even earn an income through interactions and contributions on the blockchain. For example, a celebrity photographer could utilize her PAI to teach a photography seminar, thus freeing up her time in the “real world” to focus on photoshoots for her “real world” clients. In this situation, the photographer’s students could learn the basics of photography through an interactive PAI, and the photographer could choose to do an “in person” Q&A at the end of the seminar.
The AI Economy concept has a lot of potential, and I can envision industry influencers and experts offering advertising and teaching opportunities through their PAIs. On the consumer side, I can see users participating in network activities like performing user authentications and interacting with PAI advertisements to earn passive income through the PAI token.
The Project PAI Team
ObEN, a California-based personal AI company, is leading development of the Project PAI project in conjunction with several other blockchain engineers and developers. In the near future, Project PAI plans to open up its Github repository for public contribution. Alex Waters, a Bitcoin Core developer and a founder of several cryptocurrency-related startups, is currently serving as a technical advisor for Project PAI.
Personally, I find Project PAI to be an interesting project with enormous potential. I think the concept of a Personal AI will be a novelty at first, but has the possibility to play a crucial role in our day to day lives once the technology has had time to mature. Additionally, I hope Project PAI will be able to form partnerships with mainstream social media platforms or current avatar services with adequate user adoption. From a UX perspective, a blockchain-based avatar service would be a tough pitch to the average consumer, and I believe integration into an existing popular service would be beneficial to Project PAI. Lastly, the PAI token, trading on Huobi Pro, could be a worthwhile addition to your cryptocurrency portfolio if you believe AI-enabled avatars could go mainstream in the future.
TRON (TRX) and Ontology (ONT) are currently in the process of preparing for their respective mainnet token swaps. To facilitate the token swap process for its users, Huobi Pro will automatically swap any TRX and ONT tokens that are deposited to the exchange.
What is a Mainnet Token Swap?
In the world of cryptocurrency, many new projects are looking to build their own blockchain platform, but need a temporary token of sorts to raise ICO funds. In order to do this, most developers use Ethereum’s ERC-20 standard, which defines a set of rules for token generation and usage. The ERC-20 standard allows projects to specify their own token economics, and the generated tokens can be stored in an ETH wallet. Similarly, the NEO platform also offers a token standard called NEP-5.
After a project’s mainnet, or live network, has been launched, developers may choose to do a 1:1 swap of the ERC-20/NEP-5 token to tokens that can be utilized on the mainnet. In this case, TRON and Ontology have launched their mainnets. The TRX ERC-20 and ONT NEP-5 tokens won’t have any function on the mainnet, so they will lose all value following the token swap. Thus, it’s important to receive your mainnet tokens, which will retain their value because they can be used on the mainnet for staking, purchases, etc.
Token Swap on Huobi Pro
Huobi Pro, which recently finished its EOS token swap, is now supporting both the TRX and ONT token swaps. Here are two reasons why you should use Huobi Pro to swap your tokens.
Swap TRX on Huobi Pro, and trade against USDT.
- Manually swapping the tokens can be challenging, especially for new investors. For example, manually swapping ONT NEP-5 tokens require sending the tokens to a specified mapping address in addition to one’s private keys. With so many phishing scams at the moment, sending your tokens to an exchange is a safer and more convenient solution.
- If you perform a manual swap, your tokens won’t be liquid during the swap process, which can take up to 24 hours. If you’re an active trader, this means you won’t be able to react to market news because your tokens will be “stuck” during the token swap. On the other hand, if your tokens are on Huobi Pro, you’ll still be able to trade freely during the swap process.
TRON & Ontology in the Future
TRON and Ontology are two of the biggest projects in the blockchain space. Just a few days ago, TRON’s Justin Sun announced an acquisition of Bittorrent, Inc. While not many details were revealed about the acquisition, TRON stated it is interested in building a “decentralized Internet”.
Ontology, while newer in the blockchain space, has made a number of significant accomplishments as well. Recently, Ontology formed a partnership with CarBlock, a blockchain-based transportation solution. Ontology has also formed the Ontology Olympus Accelerator, a program that “invites technology and product experts across fields to collaborate in entrepreneurship and build new distributed business applications.”
Don’t miss out on TRON and Ontology’s exciting future by forgetting to swap your tokens. The swap process will start soon, so sign up for Huobi Pro today, and let them handle the token swap for you.