Lightchain AI Opens Staking Following $2.2M Raised During Presale

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Mao Orillana

Editor for Partnerships

Mao Orillana

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Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.

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December 17, 2024 09:52 EST

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Lightchain AI, a blockchain project integrating artificial intelligence (AI) with decentralized applications, has launched its staking feature after raising $2.2 million in its presale phase.

Lightchain AI combines blockchain technology with AI to enable decentralized AI-powered applications while focusing on scalable performance and data privacy.

The platform uses a Proof of Intelligence (PoI) consensus mechanism and the Artificial Intelligence Virtual Machine (AIVM) to execute AI workloads efficiently.

Lightchain AI Staking Rates

The newly launched staking feature allows token holders to lock their LCAI tokens for fixed returns over varying periods. Available options include:

• 3 months: 2% APR
• 6 months: 5% APR
• 12 months: 12% APR
• 2 years: 30% APR
• 3 years: 70% APR

Early withdrawals are subject to a 40% penalty, with tokens remaining in the reward pool. Participants can also restake tokens for additional periods after withdrawal.

Lightchain AI Presale Raises $2.2M

The project’s presale phase offers LCAI tokens at a discounted price, with periodic price increases planned. The Lightchain AI spokesperson confirmed to Cryptonews that LCAI will be listed on the cryptocurrency exchange Crypto.com following the public launch.

LCAI tokens are used to govern and reward node operators. They also allow access to platform features, including priority task execution and AI tools. The staking rewards, aimed at incentivizing long-term participation, are tied to the presale price and have minimum guaranteed APR thresholds for each period.

The project highlights the growing integration of AI and blockchain, aiming to create a decentralized, privacy-focused platform for AI tasks and applications.