With so many ICOs flooding the cryptocurrency market, it is becoming more and more difficult to find a real gem. The ICO I am going to review today really grabbed my attention to an extent that I consider it as the most promising ICO currently on Neo blockchain. So let’s get started.
Quick Facts:
Name: DeepBrain Chain
Symbol: DBC
Token Type: NEP-5 (NEO token)
Total Supply: 10,000,000,000
Hardcap: $15 Million
Crowdsale Date: 15th December
Crowdsale Price: Early investors will get discounts based on below criteria:
1 NEO = 3000 DBC at 1st hour
1 NEO = 2900 DBC at 2nd to 6th hour
1 NEO = 2800 DBC at 6th to 12th hour
1 NEO = 2700 DBC at 12th to 24th hour
1 NEO = 2600 DBC at 1st to 3rd day
1 NEO = 2400 DBC at 3rd to 8th day
1 NEO = 2200 DBC at 8th to 30th day
What is DeepBrain Chain?
DeepBrain Chain is a decentralized neural network which aims to leverage AI on blockchain technology by developing a decentralized, low cost and private AI computing platform.
Why DeepBrain Chain?
Artificial Intelligence products require neural network calculation in order to train models. In order to do so, data model training process consumes a large amount of computing resources. In order to achieve better product index, AI products needs massive data to train and as a result more computing resources are resources are required.
This leads to the fact that many manufacturers have to invest a lot of money to purchase GPU, FPGA, and other hardware resources, directly causing the artificial intelligence chip provider's, e.g. NVIDIA's, share price to rise rapidly.
By the use of Blockchain technology, DeepBrain Chain aims to provide a low-cost, private, flexible, secure and decentralized artificial intelligence computing platform to artificial intelligence products.
What does DeepBrain Chain offer?
- Low cost: DeepBrain Chain aims to reduce the cost of hardware input as the GAS fee each enterprise needs to pay is far less than the intrinsic fee.
- Optimization: DeepBrain Chain is currently optimized on CUDA GPU and plans to dock the current mainstream deep learning framework, such as TensorFlow, Caffe, CNTK, and so on.
- Highly concurrent: DeepBrain Chain uses unique load balancing technology, each node container can cooperate with each other to share concurrent pressure.
- Privacy: By using the smart contract, the blockchain technology makes it possible to separate data ownership and usage rights.
- Flexible computing: Frequency at the time of peak hours can be 10 times more when compared to non-peak hours. DeepBrain Chain can adjust itself automatically by fast replication to multiple idle nodes at the peak hours.
Future Roadmap
Q4 2017
- Complete Pre Token Sale Roadmap.
- Token Sale and complete Token Sale recruitment.
- DeepBrain set up a joint laboratory with Shanghai branch of Chinese Academy of Sciences.
- Invited to participate in the "First Global Financial Technology and BlockChain China Summit 2017" on October.
- The first phase of the DeepBrain chain is completed based on the NEO, and the tokens are issued.
- Support to charge and withdraw coins, DBC assets to be launched on the third-party exchange.
- The second phase of the R & D of the associated artificial intelligence operating system module combined with the blockchain application is completed.
- Project quarterly key information disclosure.
- DeepBrain chain promotion and manufacturers are accessed.
Q1 2018
- DeepBrain chain team annual summary conference.
- DeepBrain skills store supports DBC purchasing skills and services.
- The third phase of the R & D of the associated artificial intelligence operating system module combined with the blockchain application is completed.
- DeepBrain chain platform is officially on the chain, with all open source codes, and the mining software is released.
Q2 2018
- Building blockchain technology research laboratory jointly with international first class universities.
- DeepBrain Chain innovation application competition is expected to launch.
- Project quarterly key information disclosure.
- DeepBrain Chain promotion and vendor access.
- Help access to artificial intelligence business global Token Sale based on DeepBrain Chain.
Positives
- Working Product: DeepBrain introduced its AI cloud platform in May and offered more than 1,000 semantic skills on it by the end of June with a focus on audio and childhood education.
- Under the Radar: This project is still under the radar of most of the western investors. Therefore, it can grow rapidly once the marketing kicks off.
- Low Cap: The total cap of $15 Million is very low as compared to the scope of the project. Also, $6 million already went to VC's which includes Neo, GSR Ventures Management Co., Gobi Partners Inc. and more.
- Existing Clients: The client base of DeepBrain Chain is huge when compared to other ICOs running in the market which barely have any existing clients. Some notable clients include: Microsoft, Siemens and Samsung.
- Unique Market: AI on blockchain is something which is still to be explored, only a few projects are currently working in this space, so DeepBrain Chain might get the early mover advantage with a very less competition to deal with at the moment.
Negatives
- Individual Cap: Individual cap of 1000 NEO is too high and will allow whales to enter the market and possibly manipulate it at later stage.
- Market Awareness: Being under the radar can be a positive sign for early investors, but then it could possibly be a downside of the project as well if they are not able to market their product. We all know how important hype or FOMO is in cryptocurrency markets.
- Supply: The total supply of DBC tokens is 10 Billion which is on the higher side and many investors just stay away from investing in coins with such a large supply. However, 85% of the tokens will be locked intially and only 15% will be available for sale.
Recommendation
DeepBrain Chain is a promising project in my opinion. The most important element of DeepBrain Chain is that it is unique and not merely trying to do something which others have already done. The ICO conditions and token metrics looks good to me, it is not one of those ICOs who wants to grab loads of money with just a whitepaper to offer. The working product and existing clients makes it even more investable.
Overall Ratings: 9/10
Investment Advice: Highly Recommended
For Flipping: Good
For Long Term: Good
Quick Links
Official Website: https://www.deepbrainchain.org/
White Paper: https://www.deepbrainchain.org/pc/DeepBrainChainWhitepaper.pdf
Twitter: https://twitter.com/DeepBrainChain
Reddit: https://www.reddit.com/r/DeepBrainChain/
Telegram: https://t.me/deepbrainchain
Image Credits: https://www.deepbrainchain.org/
I wish you massive profits.
Disclaimer: This is not a financial advice. I am giving my personal opinion, do your own research before making any investment decision. Do not invest more than you can afford to lose.
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What kind of benefit does a token holder have?
Tokens will be used as a utility token on the platform
Fantastic summary! Thanks.
Great commentary. Let's see where this project takes the AI space. There are some tectonic plates moving in China with regards to AI. I hope this Google AI China play - leads to a strong partnership https://techcrunch.com/2017/12/12/google-opening-an-office-focused-on-artificial-intelligence-in-china/
AI is definitely an emerging industry, if they are able to pull it off, I see this as a billion dollar project.
@sagarthukral Nice analogy, thanks for educating us!
Thank you @krystall
Thanks for info!
You're welcome...
Nice post! Very interesting! (=
Thanks @stabrowski
Just submitted my KYC documents, expecting a lot from this project.
All the best :)
interesting project
It is indeed, if you have any doubts regarding the project, feel free to ask me.
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