How this market will be regulated? It'll be stricktly self-regulated, or the founders will have some role too?
We create platform with self-regulated pricing, high demand increase pricing and low demand - decrease. But first time our team will moderate it and change source code to do the best machine learning service |
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Machine learning is now being done by such monsters as Google and Microsoft. I think it will be difficult to collect a lot of crypts to compete with them.
You are right, but their prices is absolutely crazy, 1 machine learning instance may costs about 1200 USD/month , and we want to send this money to GPUs miners |
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1.1M for Private sale is huge. Its a very strong stsrt, keep it up!
Thank you, but it wasn`t private sale, it was common venture invests to make MVP and establish ICO |
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But how did you raise money if ICO haven't stsrted yet? Private sale?
We have raised first money from private Chinese venture capitalists, it is described in Whitepaper |
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How about buy back program?
Buy back program is quite simple: 15% of Myriads.IO profits from commissions will be used to fund buybacks and burn(destroy) tokens |
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Ok, all GPU owners will be happy. What do you offer to common investors?
We expect MRDS price growing because tokens are strictly limited and burnable, tokens that are not sold during the token crowdsale will be burned (destroyed). All end-users have to buy tokens to use machine learning network. |
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And how many end users you suppose will use it?
Market of machine learning (AI) is really huge and it is growing every year. We expect to expand business to Europe and Asia markets where american companies are not very strong. It is about 20-30% of world market of AI services |
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Your team is rather small right now. How many people you're going to hire?
Currently we have 3 high qualified directors and 7 tech experts, but we are going to hire more qualified programmers, it will depend on ICO results, we expect to rise minimum 2000 ETH |
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hmm i signed up for testing but all i did was fill out the form nothing in my email  I understand you are confusing  . We do not send email for testing registration, we will provide link to download testing software later with ready to use and testing soft |
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How to get a KYC??
1) you have to register here for whitelist: https://myriads.io/app/login.php2) then click "Start Verification", fill the form and upload your docs That`s all  |
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You say in the interview that there's more than $1M invested, but how?? Ico haven't started?
Yes, we have received 1.1 mln USD from private Chinese venture capital fund, you can find information about it in whitepaper |
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And when you'll make a fully working product?
We expect to release first tested alpha version (MVP) before July 2018 |
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Thanks, our team will check it and verify in 24-48 hours  |
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If the working alpha version will be ready to use this summer, it's totally great. Hope you'll be on time.
Our programmers work hard to implement all features and test network, currently they are working with test blockchain with our own miners |
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How can you apply it to create even stock trding recommendations? Anyway, sounds great!
It depends on developers and researchers (end-users) who will use Myriads network, they can try different algorithms, data, thresholds. We provide tool and masters can use this tool as they want. |
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How are you going to solve the security issues?
The most important security problem is verification of prediction results, anyone can send to nodes fake results with incorrect predictions, so we add verification nodes:
Verification Nodes used for checking and verifying work done by Machine Learning Nodes and Prediction Nodes. It is critically important to verify work because miners can send fake results, fake predictions and get rewards for nothing. Miners should get rewards for useful job, for models creation and verifications according to special Ethereum smart contract. Verification Nodes use combination of PoW + PoS, we add proof-of-stake acting as a second authentication mechanism to prevent fake verifications. The incentive of the miner is only to maximize their own profits. So anyone of verifications miners could send illegal fake approves for machine learning work. But stake holders not interested to make fake verifications to prevent MRDS coins price drop. Also we add algorithm that can use the set some circumstances under which a bad validator might lose their deposit. It is the most advanced protection technology. End-Users can assess predictive performance and Verification Nodes adjust rewards according to ML model that End-Users use.
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So your tokens will be used to purchase network power? Anything else?
Yes, all trade inside Myriads.IO network will be based on MRDS tokens, it will increase demand and price of tokens |
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What's the soft cap? I honestly can't see it anywhere.
We do not set soft cap, because have a great interest to project and high loaded whitelist with great number of high-volume token buyers, so we are confident that all tokens will be sold |
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You plan to be listed on Crypia, Evercoin, Coinexchange.. How about Binance and bitrex?
We are currently negotiating with Bitrex and Binance, they are very slow |
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