Its an Ether ERC20 token.

The AICoin ICO ended on the 28th of August. At that point Wintermute the AI was long pretty much everything and it took a 4% profit out of the market in the first week. Then it went flat/negative all cryptos right before bitcoin started coming off so we are sitting on a big pile of USD, out of almost all cryptocurrency.
So, during the ICO 1 BTC bought you 100,000 XAI. Since Wintermute got out and we are now sitting on this big pile of cash, with bitcoin trading at 3,000USD, 1 AICoin is not worth 0.00001 it is worth 0.000013 or 30% more than when we started 18 days ago. And your one bitcoin instead of buying you 100,000 XAI, will now only get you 78,000.
Trading of AICoin will start this Sunday at noon UTC on the AICoin dashboard. If you want to try to buy some you need to register an account and deposit your cryptocurrency on the site so you are ready to trade. It can take several hours for the display on the dashboard to update with your deposit. So do it early to get on board.
If you have any questions please email support@firstglobalcredit.com

Soon. If your request is genuine. We are checking the entries and 30-40% are duff data. So everyone legitamite has to wait while we sort through the garbage. But the people that really helped will get more tokens in the end because we are not paying for garbage.

First week's performance Wintermute is up over 4%
https://www.aicoin.io/2017/09/11/official-valuation-week-ending-8th-sep-2017/
You will be able to buy AICoin from sellers on the aicoin dashboard (register at account.aicoin.io) starting Friday the 15th of September.
Good luck traders.

As soon as we can possibly complete the work. It needs to be by Friday because I have people dying to buy AICoin from bounty hunters wanting to sell.

Wintermute the AI started trading on Monday 4th of Sept. On Friday 8 of Sept up 4.5%. This is a great start but remember no market or profit stream moves in a straight line! This is a volatile market and we expect down weeks as well as up weeks. That's reality.

Post ICO Timeline of actions with Crypto Trading to start Monday September 4.
https://www.aicoin.io/2017/08/23/post-ico-timeline/
Join our slack channel to become part of the collective. You will be able to buy and sell XAI directly from the dashboard with trading routed through the First Global Exchange.
Buyers will have no commissions until December 15, 2017.

I haven't the faintest idea of what you are talking about?

Read the incentive page which is quite explicit about the distributions. These cannot be determined until the final audit of subscribers. Also there are swathes and swatches of phoney bounty requests for Youtube videos of cooking shows, blank blog URLs. Each one of these has to be reviewed and rejected slowing down the process of awarding real contributors to the campaign. But we are all working as hard as we can to bring this to a successful conclusion. this has been a GREAT ICO and we have done 1.5 times what would have been a win for us. Not the hard cap, but a realistic requirement. We have attracted a really engaged, smart set of token holders and this promises to be a success moving forward as well.
Marcie D Terman

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Hi there. Only dumb question... the unasked question. Getting hold of crypto in this day and age takes time unless you go to a meetup and make a face to face trade. The ICO is over tomorrow night at midnight, (28 Aug) However, register an account (account.aicoin.io) Two weeks after the ICO is over you will be able to buy AICoin through the portal from people that want to sell their AICOIN, like bounty hunters. We cannot say what the price will be at that point, but First Global will not charge commission on BUYING AICoin for the next 3 months.
Hope this helps and I'm glad you like the tokenised investment collective model.
Marcie

Step one: amassing capital IS SUCCESSFUL. https://www.aicoin.io/number-aicoins-issued/
The next step is to let Wintermute the A.I. loose again. We'll all be able to watch the profit in real time. And the trades with a delay. That's going to be exciting.
Plus a bunch of start-ups have already started to contact me on Linkedin.
Everything is looking really good.

August 17, 2017    Singapore

AICoin, a new type of investment vehicle that works as a collective combining the power of artificial intelligence with the wisdom of the crowd is nearing the close of its ICO subscription period.
The Collective follows an investment strategy that provides profit potential from two interrelated revenue streams designed to accelerate return on investment.  The first stage uses the funds collected during the ICO to make short term trades in multiple cryptocurrency markets using  proven artificial intelligence models. The second stage takes trading profits and makes seed investments in promising young companies in the fields of artificial intelligence and blockchain. These investments can be taken in the form of a traditional equity stake or in the purchase of ICO tokens.

As part of the governance process, an Investment Board will be created. The primary responsibility of the Board will be the preliminary review of investment proposals presented to the Collective for funding. Their goal will be to narrow the number of proposals down to no more than five every quarter. These finalists will then be presented to the token holders of the Collective to vote which of the proposals will receive funding that quarter.

The Investment Board is made up of five members; two appointees’ will be selected from the developers of the trading models (First Global Credit). One appointee will be an independent representative with knowledge of the world-wide start-up market – Jon Matonis, one of the original founders of the Bitcoin Foundation has agreed to take on this role; and two appointees’ will be elected from the population of AICoin token holders.

Any AICoin token holder is eligible to put themselves forward as a board candidate. To fulfill their duties they must have the time needed to review proposals presented to AICoin. The board will engage in online meetings to discuss the merits of the individual proposals and jointly come to a decision on the opportunities to be presented to the Collective. Some token holders have already stated their intention to apply for board positions and the process will commence directly after the end of the subscription period. Candidates will be provided with a forum where they can present their qualifications and state why they would be good candidates to become an integral part of the start-up selection process. There will then be an on-blockchain election where token holders vote for the candidate they favour.  Following the vote, the candidate with the highest number of votes will be appointed for a two year term and the candidate with the second highest number of votes will be appointed for a one year term.

After the initial candidates are elected there will be follow on elections every year for one of the two posts.

All token holders are entitled to apply for a board position. To apply send an email to board@aicoin.io with the registered username on the site. A full list of applicants will be compiled before kicking off the formal process two weeks after the close of the ICO. The vote will take place 2 weeks later using the smart contract voting mechanism.

Learn more about AICoin at – aicoin.io
Learn more about First Global Credit
Setup an account at – account

If you go to the home page and scoot down to the table there is a chart icon which leads to a live feed of subscription total. We're getting down to the wire. Time to join the collective!

When the ICO closes you will be able to use an online MIST wallet First Global will host or you can transfer the tokens to your own wallet and Ether node. In both cases you will control the private keys. If you want to use XAI as trading collateral for the FGC site then after you set up a FIrst Global account you can transfer them there. If you want to use another exchange and sell them we will publish a list after the ICO.
After the ICO no new tokens will ever be offered. To obtain more you will have to buy them in the after market.

by Marcie D Terman

AICOIN, the world’s first investment collective that grants and manages voting rights of token holders through the ethereum blockchain is rounding the bend towards the home stretch in its Initial Coin Offering (ICO.) AICOIN is the first passive investment product being offered by blockchain industry regular First Global Credit, a cryptocurrency capital markets company that has been serving the crypto-ecosystem since 2014.

In response to the opinions of a significant number of AICOIN subscribers, First Global Credit management has made a decision to revalue the token from its initial price of 100 AICOIN’s (XAI) to 1 bitcoin to 100,000 XAI to 1 bitcoin. This brings the price of an individual XAI token from approximately $37 US dollars (based on where bitcoin is trading on the 12th of August) to 3.7 US cents. Once the post ICO, after-market for XAI is established, the underlying asset value plus market demand will set the price of the token.
First Global Credit CEO Gavin Smith and one of the strategists who designed the coin’s unique 2-stage profit building approach had this to say during a recent REDDIT AMA event to discuss the finer points of AICOIN. “By implementing this, effectively, as a coin split it will not adversely impact existing subscribers who will simply have the same subscribed value through a much higher number of tokens with a price still linked directly to the price of bitcoin.”

Though this change has no tangible impact on the value of the token which is linked to the market price of bitcoin during the ICO, the logic behind the change is that it will make the token more attractive post ICO when the token starts trading on various exchanges including First Global Credit’s multi-asset trading platform.
“Since AICOIN is a functioning investment collective with underlying assets plus a potential revenue stream from day 1 and not a start-up whose value is driven only by potential profit at some point in the future, AICOIN will trade on the asset’s value plus potential, not just potential alone in the open market,” stated First Global’s Chief Operating Officer Marcie Terman. “But a market is still a market, and we have a responsibility to token holders to create an environment where they can trade the coin should they wish to. This speaks to setting the price initially at a level that will encourage participation of speculators that did not choose to buy-in during the ICO.”

The AICOIN ICO will continue until the market cap of one billion coins are spoken for or until the 28th of August after which there will be a brief pause to finalise the details governing the Singapore based holding company that has been formed to hold assets on behalf of token holders. The token will be tradable on the First Global site where it also can be used as collateral to trade over 500 stocks, futures, FX and cryptocurrency contracts. Other exchanges that will support trading the token will be announced shortly.

Thank you Chefironside, We are glad to have you on board. I CANNOT wait to get started.

FYI This is not funding the development of a project. We have already built the tech. A few days after the ICO closes we will start trading and generating a profit for token holders. 100% of the assets collected during the ICO go into market trading.... profit generation. NO SPENDING to build artificial intelligence. FGC has paid for that already.

It absolutely depends on the proposition and it is very short sighted to think that there won't be profitable and profit making ICOs. Look at innovations like AICOIN (aicoin.io) an investment collective that takes 100% of the money collected and immediately starts trading with very profitable AI models. The value of that token will be driven by the assets collected plus profit plus also the plan to invest in start-up companies with the trading profit.