- \n
- Start Date \u2013 ICO on December 14th (sold out within 1 hour)<\/span><\/li>\n
- Exchange Start Date – After December 25th, 2017<\/span><\/li>\n
- Token Symbol \u2013 DBC<\/span><\/li>\n
- Hard Cap \u2013 1,500,000,000 tokens (1.5 billion)<\/span><\/li>\n
- Total tokens \u2013 10,000,000,000 (10 billion)<\/span><\/li>\n
- Exchange Rate \u2013 1 NEO = 2200 DBC<\/span><\/li>\n
- Accepted Cryptocurrencies \u2013 NEO<\/span><\/li>\n
- Pre-Sale \u2013 600,000,000 DBC Issued in Pre-Sale<\/span><\/li>\n<\/ul>\n
![\"DBC](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/Screen-Shot-2017-12-22-at-2.26.16-PM.png\")
<\/p>\nDeepBrain Chain Community<\/span><\/h2>\n
Although there isn\u2019t much to be found on any \u201cDeepBrain Chain\u201d focused community pages, there are several posts about the ICO on <\/span>Reddit<\/span><\/a> and <\/span>Steem<\/span><\/a>. <\/span><\/p>\n
What is DeepBrain Chain?<\/span><\/h2>\n
DeepBrain Chain is offering a decentralized artificial intelligence computing network and platform for a variety of artificial intelligence products. <\/span><\/p>\n
It\u2019s essentially a platform made for data computation and data trading to distribute spare computing resource. This would ultimately make AI computation demands much cheaper (the project estimates a 70% cost reduction in AI) by protecting against leakage of data, while also securing intellectual property for the products and the data. <\/span><\/p>\n
Beyond that, another critical element is DeepBrain\u2019s semantics library: a library that supports voice interaction applications (similar to Amazon\u2019s Alexa). DeepBrain\u2019s semantics library can also be used to create third-party applications that require voice, image, text, and other inputs <\/span><\/p>\n
Opportunity<\/span><\/h2>\n
The founding team is convinced that DeepBrain Chain has already shown a use case in the existing market, has the potential to scale in a gigantic market, and will be able to gradually grow around its core business of sharing storage and its mechanism of computation capacity of mining.<\/span><\/p>\n
Every DBC token corresponds to the computation value of the service. This means that the token is tied to real value, and if the DeepBrain Chain can pull off this ambitious project, investors would be able to see some pretty substantial dividends. <\/span><\/p>\n
If DeepBrain Chain is able to establish itself as a pioneer in the blockchain-based AI space, it will have some substantial footing in a potentially trillion dollar industry. Experts predict that the role of artificial intelligence will continue to increase with the advent of new AI applications. <\/span><\/p>\n
The AI industry is currently worth around $20 billion a year, with the majority of the cost being spent on computation processing. This is exactly where DeepBrain Chain looks to fit in, as it leverages the blockchain to reduce costs and increase the speed of transactions. <\/span><\/p>\n
The Team<\/span><\/h2>\n
Based in Shanghai, DeepBrain Chain boasts a fairly stacked team. <\/span><\/p>\n
CEO Feng He is considered an expert in the artificial intelligence space and has been known and eventually became a well-respected figure in the Chinese Bitcoin and blockchain technology world since 2014. He once oversaw the development of the world\u2019s first artifical intelligence sound box (Small Zhi), the development of China\u2019s first cloud of the brain system (DeepBrain), and led the research and development of the first Chinese voice assistant (smart 360) with a userbase of over 17 million. <\/span><\/p>\n
CTO Shu Chang is considered an expert in the AI, blockchain, and cryptography space due to his involvement as the Director of Artificial Intelligence Laboratory of Shanghai. <\/span><\/p>\n
CMO Chuanfeng Lee is one of the first of a batch of entrepreneurs in the AI space in China, Bitcoin, and blockchain research. He also led the marketing for smart 360 and helped the project get to a userbase of over 17 million. <\/span><\/p>\n
Some of the team\u2019s notable accolades including winning first place in the enterprise sector of SMP2017, a Chinese man-machine dialogue evaluation. The competition had over 30 national top AI teams.<\/span><\/p>\n
The team plans to distribute the capital accordingly:<\/p>\n
![\"DBC](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/Screen-Shot-2017-12-22-at-2.27.28-PM.png\")
<\/p>\nDeepBrain Chain Pros:<\/span><\/h2>\n
- \n
- Being partnered with the NEO Council and being one of the first notable ICOs to spring out of NEO\u2019s platform. The NEO community has proven to be very vocal and supportive, and have the backing of this community will be a huge asset. It\u2019s also estimated that NEO previously invested <\/span>$6 million<\/span><\/a> into the project.<\/span><\/li>\n
- The industry is worth $20 billion and is expected to continue to grow as more and more AI-based technologies develop. If DBC is able to play a sigificant role in cost reduction, it will help the industry scale (while earning itself a nice profit along the way). <\/span><\/li>\n
- The DeepBrain Chain whitepaper claims there have only been 5,000 AI-based startups since 2012, earning over $22 billion. That puts the average earning of each startup at around $4.4 million. This number, however, doesn\u2019t reflect enterprise investments in AI, which easily boosts the total number of the industry to well over $100 billion since 2012. <\/span><\/li>\n<\/ul>\n
DeepBrain Chain Cons:<\/span><\/h2>\n
- \n
- One of the biggest cons of the project is that NEO is a Chinese project based in Singapore, not only making it a bit more out of reach for United States investors. The ICO had strict kyc\/aml rules and didn\u2019t allow any Chinese or Americans to invest.<\/span><\/li>\n
- With only 9% of the total tokens going in the ICO, it\u2019s far from a decentralized ICO that many investors are used to. However, 50% of tokens are generated through mining, in the same something like Bitcoin\u2019s supply inflates over time from proof of work. Since anyone will have access to this pool, the project still retains some decentralized components. The centralized part is that many of the tokens are held by the team and foundation, which will be released over 10 years. After 1 year, the founders will only have 3.5% of the total supply. <\/span><\/li>\n
- The sites and marketing materials are unusually difficult to get through. I\u2019m sure this can be chalked up to a lag in translation, which to be fair, it doesn\u2019t seem like an easy effort to translate the bold AI-blockchain tech to simple terms and English without a few stumbles. <\/span><\/li>\n<\/ul>\n
Final Thoughts:<\/span><\/h2>\n
- With only 9% of the total tokens going in the ICO, it\u2019s far from a decentralized ICO that many investors are used to. However, 50% of tokens are generated through mining, in the same something like Bitcoin\u2019s supply inflates over time from proof of work. Since anyone will have access to this pool, the project still retains some decentralized components. The centralized part is that many of the tokens are held by the team and foundation, which will be released over 10 years. After 1 year, the founders will only have 3.5% of the total supply. <\/span><\/li>\n
- The industry is worth $20 billion and is expected to continue to grow as more and more AI-based technologies develop. If DBC is able to play a sigificant role in cost reduction, it will help the industry scale (while earning itself a nice profit along the way). <\/span><\/li>\n
- Exchange Start Date – After December 25th, 2017<\/span><\/li>\n
![\"DBC](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/Screen-Shot-2017-12-22-at-2.26.34-PM.png\")
<\/p>\n