Lightchain AI Presale Raises $9M for Decentralized Future
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The emerging Lightchain AI project has raised $9 million during its ongoing presale.
As of writing, the Lightchain AI presale has its native token, LCAI, available for $0.004875. The token goes through regular price increases, reflecting growing demand.
AI Sector Is at an All-Time-High
Everyone invests heavily in artificial intelligence (AI), from businesses to countries. As AI mania sweeps the world, the crypto industry utilizes technology to unlock new possibilities.
The combination of crypto and AI is projected to turbocharge the trend, as seen in the price performance of cryptocurrencies linked to AI. According to CoinGecko, AI has been the most profitable narrative of 2024, recording the highest average price gains of almost 2,940%, surpassing the returns seen by meme coins.
AI’s mindshare is also at its all-time high (ATH) at almost 60%, far beyond any other narrative in the crypto sector, be it meme which only has an 8.16% mindshare, DeFi (6.36%), GameFi (3.81%), DeSci (2.22%), Layer 2 (2.51%), or ETF (1.95%).
Then there’s research estimating that the AI and crypto combo will add $20 trillion to the global economy by 2030. Investors are pouring hundreds of millions into projects tapping into both these technologies.
According to PitchBook, $750 million was invested into AI-linked crypto projects during the first half of last year. And that’s just the tip of the iceberg. Hedge fund Pantera Capital, which plans to invest north of $200 million into this intersection by the end of this decade, states:
“There will be a tonne of AI and crypto opportunities.”
How Lightchain Token Works
LCAI token powers the AI ecosystem of Lightchain and enables a growing decentralized platform for the development of AI while ensuring its sustainability in the long term.
This utility token aims to create a self-sustaining economy that aligns the incentives for all stakeholders. LCAI is utilized by users as well as businesses to access the services the platform offers. These include training and inference, which enable a trained model to conclude new data. Payments made in LCAI for AI services fuel the Lightchain AI ecosystem by compensating nodes for their computation work.
The token can also be staked by its holders, allowing them to participate in decentralized governance., The stakers shape the protocol’s future by voting on important decisions such as ecosystem enhancements, tokenomics changes, and technical updates.
LCAI token holders also get access to Artificial Intelligence Virtual Machine (AIVM). This allows developers and enterprises to stake their LCAI tokens and unlock advanced AIVM features like specialized privacy tools, priority access, and additional resources. In this way, Lightchain AI ensures that LCAI maintains significant demand as the ecosystem scales and evolves.
How Lightchain AI Grows on AI Trend
Lightchain AI is a Layer 1 blockchain designed to make the future of AI decentralized, transparent, scalable, and innovative. It has introduced two new components that make it stand out from other projects.
One of those is a novel consensus system called Proof of Intelligence (PoI), which rewards nodes for performing computations like enhancing the operational efficiency and effectiveness of AI models. Unlike conventional consensus models like PoW and PoS, which are used by Bitcoin and Ethereum, respectively, PoI is specifically used to incentivize meaningful contributions that help develop AI while maintaining network security.
The other component is an AI virtual machine on which the blockchain runs. AIVM is at the heart of Lightchain AI and is designed as a computational layer to perform AI-related tasks seamlessly on the blockchain. The AIVM, unlike static systems, is a living entity and evolves through the collaborative efforts of an active global developer community.
With the help of these two main elements, Lightchain AI addresses some of the most pressing challenges in both fields. Its ecosystem is built to take advantage of these disruptive technologies to bridge the gap between AI’s computational capabilities and blockchain’s transparency and create an efficient framework for advanced AI computations.
Lightchain AI already has a successful presale and has welcomed the new year by launching Lightchain DAO, enabling the community to participate.
The team behind the project is aiming to roll out its testnet this month, with the mainnet going live a couple of months later in March. From there, the focus will be on ecosystem growth, global adoption, open-source innovation, scalability, and iterative evolution.
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