Koios ICO Review: Democratizing AI Through The Blockchain

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“A year spent in artificial intelligence is enough to make one believe in God.” Alan Perlis, computer scientist and professor, once said.

Artificial intelligence has as many detractors as it does supporters, and both camps provide good arguments to support their positions. Depending who you ask, we’ll all be enslaved to AI one day, or stand at the brink of human evolution the next.

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Irrespective of whose side you choose to believe, the ability to develop, commercialize, and harness the inherent power of AI is currently in the hands of a few powerful corporations worldwide, rendering AI research and development centralized at present.

Koios proposes the decentralization and democratization of AI through a blockchain-based platform.

Koios: AI for the global customer, built on the blockchain

AI products can signify a technological revolution for many industries. From automobile manufacturing, to healthcare, fintech, avionics, weapon systems, all these sectors can be greatly enhanced by this technology.

But the process of research, development, and production of AI models and systems is long and extremely costly. The issue of cost alone significantly restricts who can work in this field of technology.

According to its website, Koios intends to “democratize artificial intelligence for the global consumer” bringing a marketplace through which AI developers can create and monetize their AI models.

The team behind Koios has a good pedigree on AI-related applications, and they have put together their expertise to field a comprehensive AI platform supported by three pillars:

  • AI Lab
  • Titan Protocol
  • Neural Net

Consult the Koios whitepaper for more information about these systems.

Koios in figures & quick facts

  • Token name – Koios utility token (KOI)
  • Total amount of tokens issued – 1bn
  • Total amount of tokens available for sale – 400m
  • Pre-ICO start date – tbd
  • ICO start date – tbd
  • Soft cap – $5m
  • Hard cap – $30m

Notes:

  • Only ETH will be accepted as payment method during crowdsale event.
  • A bonus scheme will be disclosed prior to the ICO.
  • Any unsold tokens at the end of the ICO will be burned.

The Koios token

The Koios token (KOI), which is based on the Ethereum ERC-20 Standard, is intended to function as a means to use the System and access the Services if and to the extent the System is successfully developed and deployed.

Once created, the tokens will be allocated as follows:

  • Crowdsale – 40%
  • KOI Platform – 40%
  • Marketing – 15%
  • Team – 5%

Learn more about the Koios team here.

Social media presence and digital footprint

Here are the SM numbers at time of press:

  • Twitter – 11.3k followers
  • Facebook – 1,200 followers
  • Telegram – 869 followers

Competition

Just as AI is likely to permeate across most aspects of life in the future, many ICOs dedicate their time and efforts to the field of artificial intelligence. Neurochain, OFNOG, Nebula AI, to name but a few.

Nevertheless, Koios does offer a uniquely interesting proposition, insofar as it intends to provide a platform to enable the community at large to create and develop AI models and routines.

Additional information

See Koios review on ICOBench.

Consult the Koios Whitepaper for more information about the platform, additional features and services.

Conclusion

The writer and AI researcher Eliezer Yudkowsky once said that, “the greatest danger of AI is that people conclude too early that they understand it.” Yudkowsky advocates for a human-friendly AI ecosystem.

Koios aims to supporting the spread of AI as a means of developing the human race to new levels, and for that alone, this ICO has a lot going for it.

Koios’ platform will not be ready until later in the year, so it remains to be seen how effective and disruptive it will be.

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