Peculium: Building Wealth with AI

Peculium uses artificial intelligence for investing.

The Peculium project, based in France, aims to use artificial intelligence and machine learning to help savers and investors build wealth while leveraging blockchain technology. The token, PCL, is ERC20 compliant and thus runs on top of the Ethereum blockchain.

The name of the project comes from “pecul,” which in Latin translates to savings. The artificially intelligent program from which the project is largely based is referred to as AIEVE (Artificial Intelligence, Ethics, Values, and Equilibrium). AIEVE is programmed to use a multitude of data points to make predictions about the future and hence build wealth. AIEVE will manage cryptocurrency assets for individuals, brokers, and businesses, who in turn will decide the level of autonomy of AIEVE with which they feel most comfortable. As stated in the Peculium whitepaper, AIEVE is based on many years of research and development in artificial intelligence.

AIEVE manages wealth with artificial intelligence.
AIEVE is an artificially intelligent wealth manager.

By using the Ethereum blockchain, Peculium transactions will be stored immutably on a global ledger. Blockchain technology will allow for superior transparency and security for users of the platform. The Ethereum blockchain features self-executing “smart contracts” that allow parties to transact without middlemen, thus reducing the costs for the parties involved. Like the Ethereum blockchain, Peculium software is open-source and transparent. Due to the importance of security for building trust among users of the platform, the project will allot substantial sums to invest in security and will hire outside firms to analyze the security of the platform.

A quarter of the funds from the crowdsale will go into the First Solidus Contract (FSC), a self-managed smart contract that will run for six months. Besides building wealth for investors, FSC is meant to showcase the power of AIEVE to investors. 50 percent of the profits of FSC will go to investors and the other 50 percent will be used to maintain the project and fund its expansion. The profits of future smart contracts will also be evenly split between investors and the project.

In total, 20 billion PCL tokens will be created, and roughly three billion will be held by the project to keep it running smoothly. As an ERC20 token, PCL can be stored in popular Ethereum wallets. Profits of the project will be distributed to PCL token holders in the form of Ether (ETH), depending on how many tokens they own.

The presale of the project will take place from November 1 to November 25, 2017, and the ICO will take place from November 26, 2017 to March 1, 2018.  The project aims to attract a minimum of seven million euros and will regard the crowdsale as a complete success if 50 million euros is reached. Investors will be able to get better bonuses the earlier they purchase PCL tokens. After the ICO, the project will seek more investors to allow it to grow.

Author: pushups44

Datum DAT Cryptocurrency

Datum DAT token.A new cryptocurrency, Datum (DAT), promises to allow users to securely manage their own data and share or sell it if they choose. Datum is having an initial coin offering (ICO) allowing investors to purchase DAT tokens from October 17 to November 17, 2017.

According to Datum, the amount of data stored is growing exponentially, leading to social and economic disparities with those possessing or controlling the data having a clear advantage. This has led to the erosion of privacy as well as unchecked surveillance. Among the companies known for collecting user data and using it for marketing in exchange for offering “free” service are Google, Facebook, Instagram, and Twitter. The erosion of user privacy has become so rampant that many users have simply resigned themselves to surrending privacy.

By contrast, Datum aims to establish a secure, decentralized network on the Ethereum blockchain where users can create smart contracts to determine who will be able to view their data. In this network, users will be able to profit from their own data. DAT tokens will be used to store and share data, which in turn can be easily converted to other cryptocurrencies or fiat currencies at major exchanges.

In total, there will be three billion DAT tokens on the market, ensuring liquidity and the preservation of value. About half of these will be available for sale during the ICO. Unlike many cryptocurrencies on the market, DAT is not minable and does not have an inflating supply, which potentially leads to greater volatility and a reduced value for cryptocurrency owners. DAT is ERC20 compatible, which will allow users to store it in many popular Ethereum wallets.

Over time, DAT tokens will be destroyed as they are exchanged for privileges on the network, leading to an increase in value of the tokens for holders. Those who choose to become a storage node on the network are paid fees for storing and transferring data.

The Datum DAT mobile app is user-friendly.

The Datum client will be available for Android and iOS phones, desktops, and other devices. It will be user-friendly with a focus on security and convenience. Users will be able to view a summary of their data, their ownership of DAT tokens, privacy settings, and detailed reports. Users will be able to view data that is sent to other parties and to view who has viewed their data.

At first, Datum will be managed by Datum Network GmbH, a company based in Switzerland, but the ultimate goal is for the network to function as a decentralized autonomous organization (DAO) managed by users and stakeholders through a non-profit foundation in Switzerland.

By empowering users with their own data, Datum can potentially play a revolutionary and transformative role in bringing privacy back to the people. This is a momentous change in consciousness coinciding with technological innovation. Just when the advancement of technology made it easy for big corporations to exploit personal data, further advancements, notably the blockchain and decentralization, have put the users back in charge of the platform.

Bitcointalk user: pushups44

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