We were delighted to welcome our guest from Solidus. The AMA took place on December 2nd, 2021 and our guests were @letthegainsbegin @blockchaindevelepers @silent_one128 @towerbilionaire @yaanurag.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Solidus! Welcome to Satoshi Club😀 Solidus
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Solidus! Welcome to Satoshi Club😀
Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community!
Gold Rocket | Satoshi Club: Today our guests are
@letthegainsbegin
@blockchaindevelepers
@silent_one128
@towerbilionaire
@yaanurag
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club ❤️
Paul: Hey guys
Mary | Satoshi Club: Hello, happy to see you here 👍
Liam: Hello everyone
Mary | Satoshi Club: Welcome to Satoshi Club 👏
Mary | Satoshi Club: Let’s start our AMA guys 🚀
Liam: Perfect
Gold Rocket | Satoshi Club: Nice to e-meet you
@letthegainsbegin
@blockchaindevelepers
@silent_one128
@towerbilionaire
@yaanurag
Mary | Satoshi Club: Could you please introduce yourself and tell us more about Solidus 🔥
Anurag Yadav: Thanks, so much!!
Mary | Satoshi Club: Hello, happy to e-meet you 👍
Gold Rocket | Satoshi Club: Tell us please about your position in Solidus
Paul: Hi, I’m Paul
One of the founders of Solidus AI Tech
A passionate entrepreneur and established himself as a successful investor very early on in his career. His main focus was on Property and Fine Art until he was introduced to Bitcoin in 2015 and since then has never looked back. During his career Paul has built a solid network and was instrumental in securing the partnership between Solidus Technologies and Soft Galaxy international. Paul is a forward thinker and identified very early on that Ethereum will be moving from proof-of-work to proof-of-stake which means that mining would no longer be the future for Solidus Technologies and began his research into Artificial Intelligence. Since then he has studied Artificial intelligence at the London Business School and has identified key areas that will be significant for Solidus Ai Tech in the near future. Paul also owns a Fine Art Company who are taking a serious look at the NFT space. Paul also oversees the overall Marketing efforts of Solidus Ai Tech.
Mary | Satoshi Club: 👏 great background
Mary | Satoshi Club: What is Solidus? Tell us about main goals and milestones for your project 😀
Liam: Guys u happy with this
The parent company of Solidus Ai Tech Limited, “Solidus Technologies” were founded in December 2017 as a cryptocurrency mining firm with a particular focus on mining Ethereum (ETH) via GPU-based mining rigs.
Before Solidus Technologies launched they teamed with software development company Soft Galaxy International. Soft Galaxy assisted the establishment and maintenance many large-scale cryptocurrency mining projects throughout Europe.
Solidus Technologies raised around $5.7 million via their network
of investors during the cryptocurrency market downturn of 2018.
The bulk of the investment was used to GPU’s to mine Ethereum.
During the financial crash of April 2020, the demand for AI services rose significantly due to COVID-19 restrictions. Across every industry, the adoption of AI has exceeded predictions for growth. AI is creating new products, boosting revenues, reducing costs and drastically improving efficiencies. The inexorable evolution of technologies has reached the point where there is an urgent need to solve problems with high computational requirements, the solution of which cannot be provided by a single computing unit. To meet these requirements, Solidus Ai Tech has implemented heterogeneous distributed systems of unparalleled computational capacity and has secured a number of partnerships with governmental authorities and corporate entities.
Solidus Technologies’ joint venture partner, Soft Galaxy International have been approved via the European Union for a $3.5 million grant to help towards completing the existing data centre infrastructure and to scale up operations.
Solidus Ai Tech Limited were established in January 2021 as the Artificial Intelligence arm of the parent company Solidus Technologies.
Solidus Ai Tech is building an Eco Friendly High Performance Computing (HPC) Data Centre & an Infrastructure-as-a-Service (IaaS) platform where Governmental Authorities, Megacorps, SMEs and Professionals will be able to purchase Artificial Intelligence services seamlessly via the worlds first Ai utilities token AITECH token.
Anurag Yadav: Hi All, Anurag here.
I’m an Entrepreneur, sit on the Advisory Board of several Blockchain companies, consult on implementing emerging technologies such as AI, Blockchain, IoT, and am a regular Keynote speaker at Global Technology Conferences. Have over 19 years of experience, have led Global Organizations.
I’m the Co-Founder & CEO of PrimaFelicitas, a Bleeding-edge end-to-end Blockchain Technology Solutions Development Company, based in San Francisco, London, and New Delhi.
I’m the Ex-CEO of BarterTrade, a Crypto Exchange based in Dubai.
I’m an Engineering Graduate from the Indian Institute of Technology (IIT) and hold a Master’s in Business from Stanford University.
Mary | Satoshi Club: Awesome experience 👏
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
Anurag Yadav: Sure.
Solidus Guru: Hi, Im Will Dyer and have worked with Solidus from 2018 to now and am now heavily involved with Solidus Ai Tech mainly on the marketing side. My core skills are business development, marketing and client retention.
Gold Rocket | Satoshi Club: Dream team👏👏👏
Paul: Yes we are ready
Liam: The main goal is to become or of the top 10 HPC centres in the world, currently their are no HPC centres in the EU that are in the top 10 category even though we consume a third of the resources, we aim to help solve this problem by allowing companies in the EU to purchase their super computing power from a hpc centre in Europe
a: Hi, I am Adrian
Founder & Head of International Operations
Adrian is the President of Optoelectronica and founder of Soft Galaxy. He has the mission to combine the expertise from two different worlds: hardware and software and deliver a new generation of computing and data processing to the World. This will boost the world’s technological progress into the future, opening new doors for R&D, smart devices, changing the way we are currently interacting with technology.
He is well connected within the AI industry, and works closely with government entities. He works as a Managing IT consultant with international experience and a combination of consulting experience, general management experience, leadership skills as well as entrepreneurship and business development skills. Valeriu-Adrian has broad industry exposure with a special focus on Artificial Intelligence, Cybersecurity, Military / Defence Systems, Blockchain Technology and e-government. He specialises in techno politics and alternative models of governance, with a focus on applications and decentralised architectures for Public Administration and e-government. He is also a founder of an international software engineering company, focusing on Artificial Intelligence and working on solutions for Blockchain Technology. This makes “Adrian” a vital part of the team.
Mary | Satoshi Club: Very ambitious 🤩
Q1 from Telegram user @chinyere2020
I learnt that your Private sale which started on the 18th of November is still live. Can you give more information about this Private sale? When is this Private sale round coming to an end? What are the requirements that interested participants must meet to be able to participate? What is the price of the $AITECH token in this round and what is the minimum and maximum amount of investment a single participant can deposit? I also found out that the fundraising goal in this round is $5.1 million. Can you tell how far you have gone at the moment? Are there other sources through which Solidus will receive funds or do you depend solely on the sale rounds for funds?
Liam: Hey I’m Liam I was an advisor for the parent company solidus during the inception stages and also advised on Solidus AI Tech. I helped raise the initial capital to get solidus technologies started. I have been involved in the crypto scene for many years after my good friend Paul introduced me to the market I became hooked on the possibilities of blockchain
Gold Rocket | Satoshi Club: thanks for the presentation
Liam: It is but with the centre we already have built it puts us in a good position to become one of the largest in Europe, so we’re are ahead of the curve as they say
Paul: Hi, yes correct the private sale started on the 18th of November and will run up until the 31st of December unless of course we hit the milestone before hand. The requirements are a minimum $1,000 investment. The only jurisdiction we cannot accept funds from is the USA. The private sale price is $0.006369. Currently we have raised around $3 million. We have an Ethereum mining set up that has been operating since 2017 so we have this source of income.
Liam: Adrian the co founder also developed a unique algorithm that is pending a patent which allows the hardware to operate faster while consuming less electricity, which means we can also do the same tasks as anyone else on the market but faster and cheaper
Gold Rocket | Satoshi Club: Sounds great 👍
Mary | Satoshi Club: Adrian is very clever👍
Gold Rocket | Satoshi Club: Сould you tell us please about your tokenomics btw
Liam: Adrian’s other companies have a number of patented technology, the whole team together in ai tech is very strong and in my experience a good team generally leads to a successful project
Mary | Satoshi Club: If you won’t raise as much as you planned what will happen?
Anurag Yadav: We have a total token supply of 10 billion, out of which we are selling 4 billion in our crowdfunding campaign. The remaining tokens are dedicated to the project with the majority being development, marketing, community building.
The tokenomics incorporates a deflationary mechanism and includes buyback and burning to support the overall token growth with time.
Gold Rocket | Satoshi Club: Thanks for sharing👍
Gold Rocket | Satoshi Club: Thanks for your great answers
Gold Rocket | Satoshi Club: Are you ready for the next question?
Anurag Yadav: yes, please
Q2 from Telegram user @Jmagsss
Solidus website is strictly reminding its users and investors that the $AITECH token is designed and intended to be a UTILITY TOKEN only and not a security token. Aside from generating profits from staking and the value of the tokens itself, what are the other utilities that the $AITECH serves? Once your platform went fully live, can users make user of the $AITECH as form of payments or considered to be discounts? Can you please talk more about the utilities and functions of your tokens towards your products and services?
Liam: I don’t think there will be an issue with raising the funds required to complete the data centre but if we were to be unsuccessful with the raise we have an EU grant which would allow us to purchase a portion of the hardware to start the partnership with Microsoft and / or another AI contract that we have pending. Profits would then be used to expand the facility and purchase more hardware to scale up our data centre.
Mary | Satoshi Club: I see, you well thought everything! But i am sure that you will reach hard cap!👏
Liam: We think so too, it’s the first token of its kind and a great team behind it thank you for your kind comment
Anurag Yadav: Yes, besides Profits and Staking. The Token has a number of utilities and key among them being the Token being used as a means to access and use the AI Services. There are several discounts and payment plans that will get activated exclusively to token holders using the tokens on the platform.
Mary | Satoshi Club: Where we can find this plans? Can you share with us?
Liam: It may be good to add we also intend on burning a proportion of the tokens to reduce the supply and organically increase price
Mary | Satoshi Club: Nice idea😀
Gold Rocket | Satoshi Club: burning іs a good idea
Anurag Yadav: Sure. The details are in the White Paper and any more details can be shared individually with interested members as well.
Mary | Satoshi Club: Thank you ☺️
Gold Rocket | Satoshi Club: Thank you very much for your answers
Anurag Yadav:🙂
Gold Rocket | Satoshi Club: Ready for the next question?
Anurag Yadav: Yes, sure!
Q3 from Telegram User @ProwGrowl
Solidus assures to be constantly innovative and utilise new technologies that will lead to security growth. Solidus strategy balances the requirements to be secure, vigilant, and resilient with strategic objectives. The implementation of NATO-compliant roadmap and governance model will support security priorities in an era where cyber is everywhere. Does this roadmap assumes physical security as long as the cyber security? How well are you and your projects protected from hacking attacks? Does it also cover the protection of personal data (of your users for ex.)?
a: I will take Q3
a: The physical security is compliant to Tier 4, we have implemented card-based access control and real-time video surveilance similar to the IT departments of banks. The hardware inputs are disabled, nobody can insert an USB stick for example. There is a 24/7 guard (gated) security on premise as well. We also use our own AI software algo to detect unusual network traffic. The customers data are kept in sepparate encrypted databases.
Mary | Satoshi Club: What about your smart contracts? Are they secure?
Anurag Yadav: Yes, they are secured via 2 different Security Audits.
Gold Rocket | Satoshi Club: Thanks for your answers
Gold Rocket | Satoshi Club: Do you want to share security audits or we can proceed to the next question?
Anurag Yadav: Haha…you mean the audit reports? These are confidential. The final passing of the Audit Test, reports will be put in the Public Domain.
Q4 from Telegram User @Highpee
I saw that Solidus Technologies has partnered with several companies including leading technology giants including Microsoft Inc, SOFT GALAXY ( a Multinational IT company), Crossbar FX (a foreign exchange and international payment services) and many others. Can you drive us through the basis of your relationship with these companies and the extent of your collaborations? How have you adopted the ethos and workability structure in these companies into Solidus and in what way will your protocol be optimised from the service deliverables they offer?
a: I will take Q4
a: My group of companies (mainly focused on high technology development) teamed up with Solidus Technologies as part of a JV contract to use their experience to launch our products globally. They have a very good reputation and skills to take our technology to the moon. Our first project together was a total success and we would like to continue in this format for all our next developments. We’re building one of the biggest supercomputers in the world and I am proud to have them onboard in this journey.
Gold Rocket | Satoshi Club: grand plans👏👏👏
Mary | Satoshi Club: Can’t wait to see results 👍
Mary | Satoshi Club: Thank you for your answers! Ready to proceed to the next question?
a: Sure
Liam: Yes
Q5 from Telegram User @Pavel_Jarosh
One of the use cases raised by Solidus is medicine where you are trying to expain that the most part of today’s actions done in multiple medicine centres can be avoided by personalized, tailored to exact genome reinvented medicine. From
diagnosing brain tumors to deciding which cancer treatment will work best for an individual, AI is positioned to drive the personalized medicine revolution. Could you expand of this part of Solidus studies more? The usage of AI in medicine might cost billions on development stage. Does Solidus possess enough resourses and experience to make a revolution in this sector of daily life?
a: I will take Q5
a: First of all this is exactly our business model, our datacenter services will target the bilion dollars industries where we can bring added value through innovation and help them reduce research costs. The first level of service is HPC (IaaS) where the customers can rent our high performance computing power to speed uo their scientific research. The second level of service is to provide AI software modules to help them even more so they can only focus on the inputs and the outputs. Just as an example we can activate our Machine Learning tools to create a timelapse of vaccine development against various tulpines of viruses and we can predict the tulpine evolution before it starts so they can prepare the vaccines in advance instead of releasing several versions of vaccines which cost time and human lives.
a: We already deliver services to Sanofi, one of the largest pharmaceutical companies in the world, once we have the operation in place we wil onboard them as customers.
Mary | Satoshi Club: Do you have any partnerships with organisations from medical industry?
Gold Rocket | Satoshi Club: this is a very noble and important direction of your activity👏👏👏
a: Yes we are already working with Sanofi
Mary | Satoshi Club: Fantastic!
Gold Rocket | Satoshi Club: Thanks for your answers
Mary | Satoshi Club: Thank you for your answers! Ready for the 6th and last question from this part?🔥
Liam: Yes
Q6 from Telegram user @Asela1112
As a part of volunteering program In partnership with the Ministry of Education in Romania, You hope to plant 128 trees around the building premises & the top 10 national Olympic scientists will be invited to the educational award ceremony. Can you please give a proper introduction about this plantation & the award ceremony? Why did you select number of 128 trees, Is there a reason to select 128? When will this plantation & Ceremony take place & Where? Can we watch it online? What will you expect from this program, What is the main purpose of these events?
a: I will take Q6 and Lee can take over
a: Since the datacenter is built in the scientific area of Romania (Laser Valley) where is also installed the biggest laser in the world, we want to continue with our green mindset and show climate responsability as we also managed to optimize the power consumption by 40%. We decided to include the students because they will be the next generation of engineers working for us and we want to educate them towards green development. GPU cores are generally working on a 128-bit bus and this way we would like to pay a tribute to the GPU-based hardware architectures which is fundamental for the next generation of Artificial Intelligence.
Mary | Satoshi Club: I see that you really care about nature 👍
Liam: Solidus is also a strong supporter of the ‘Crypto Climate Accord’ which is focused on decarbonising the cryptocurrency industry by 2024. As Adrian has said Our data center will also run 40% more efficient compared to industry standards due to our IP & evaporating cooling methods, evaporating cooling is 80% cleaner then traditional air conditioning methods. The electricity costs in Bucharest are also cheaper & internet speeds are faster than most countries in the EU meaning we can operate at lower costs and also in a more Eco friendly way then our competitors.
Gold Rocket | Satoshi Club: friends! Please share useful links to your social networks with our Satoshi Clubbers
Paul: SOLIDUS AI TECH SOCIAL MEDIA LINKS
*Facebook:*
*Twitter:*
*LinkedIn:*
*YouTube:*
*Telegram:*
*Instagram:*
*Reddit:*
Part 2 — live questions from the Telegram community
Q1 from Telegram user @surendra040
As you mentioned you have a very big supply of token 10 billion. Will there be any burning of tokens in the future? Is it a deflationary token or not?
Solidus Guru: Yes we will be burning tokens quarterly whilst we are building our infrastructure and will continue to burn tokens when live as part of our future eco-system 👌🏼
Q2 from Telegram user @Einsteinyl
I found that Solidus AI have refferal program, could u pls introduce about Refferal program from Solidus? How its work and what benefit i can get?
Paul: When you invest a minimum $1,000 you will receive a referral code which you can share with your contacts. When used the investor will receive a 1% bonus in AITECH tokens and the referrer will receive a 5% bonus in AITECH tokens
Q3 from Telegram user @alicandogan9
Is Solidus AITECH’s artificial intelligence system ready for now, have you published any demo or testnet? Can you explain how Solidus AITECH’s artificial intelligence system can be used by government institutions?
a: Yes it is ready. It can be used to protect civil society against crime and terror for example
Q4 from Telegram user @Alixbella
Are the problems that the Solidus AITECH project would be facing? And what is the solution they offer to the problems of European HPC installations in the world top 10?
Liam: The main solution is we can provide a facility that is based in Europe to supply computing power to companies based in the EU, we use a third of the resources while only contributing to 5%!
Q5 from Telegram user @Alixbella
AITECH is an artificial intelligence utility token …. What types of services can we buy with the AITEC token? can we only use it to buy artificial intelligence services?
a: The token can be used to hold and trade or to use the datacenter services
Q6 from Telegram user @JaviSuBs
How can we acquire artificial intelligence services in Solidus? Is it necessary to have the AITECH token to be able to acquire artificial intelligence services or can we do them with other cryptocurrencies?
Liam: You can purchase services via our Iaas platform with fiat or the token, the token will gain the user additional computing power apposed to fiat
Q7 from Telegram user @Cheriemike
How will utilizing your air cooling technology create a sustainable computing environment for clients prioritizing climate goals and carbon targets? Please explain Thanks
a: We use water cooling instead of freon that is very poluting to the atmosphere
Q8 from Telegram user @messilolz
How old is your project?Can I still participate on your airdrop lottery or is it over? What are the events and priority you will have in the future?
Paul: The parent company Solidus Technologies has been around since 2017. We expect the staking and lottery airdrop will start Q1 2022
Q9 from Telegram user @Nimrabatool2
Sir👉How can I buy this tokens? Is it available on any exchange?
Solidus Guru: Our Private Sale is live and available via our website
Q10 from Telegram user @Nimrabatool2
Are there any upcoming events taking place on your platform? Anything we can be a part of?
Paul: If you purchase AITECH tokens you will be able to stake and will be entered into the lottery airdrops. We expect this to be live Q1 2022
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of Showcase. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
For more information and
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