[ANN] AICOIN ICO: The Investment Collective that Builds Wealth for tokenholders

[Panxora_COO]

AICOIN (XAI) Revaluation to Stimulate Trading

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.

[AshCoins]

Will the AICOINS be available for withdrawal from the aicoin.io account once they're distributed or will they be sent to the wallet?  I want to know if I can contribute from an exchange or if it needs to be from a wallet?  thanks

[Panxora_COO]

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.

[dingley207]

is there a way to monitor the progres for this ico? i would like to know how people react to this project

Our developers are building a chart that will be accessed from the home page and show deposits. It will be up on the home page in a few days.
Marcie

Has this been done yet ? How much has the ICO raised so far ?

[Panxora_COO]

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!

[Panxora_COO]

AICoin Announces Investment Board Formation

Call Goes Out for Candidates from the AICoin Collective to Select Start-ups for Investment

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

[Panxora_COO]

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.

[alexberezov]

Dev, How much ICO raised at the moment? Is there going to be released on the exchange after the end of ICO?

[maot4]

Dev, How much ICO raised at the moment? Is there going to be released on the exchange after the end of ICO?

I've also tried to find ut how much is raised it would be good to know, the total raised

[arixos]

What's the total number of coins and what is token price at ICO?

[whoeier]

What's the total number of coins and what is token price at ICO?

currently around 61m has been claimed, once the ico is over, there won't be more releases of the token, the price is 0.00001 bitcoin per token.
Maximum hardcap = 1b tokens = end of ico

See here for a nice graph of it ( mouse over and ull see the numbers )

Dev, How much ICO raised at the moment? Is there going to be released on the exchange after the end of ICO?

I've also tried to find ut how much is raised it would be good to know, the total raised

Dev, How much ICO raised at the moment? Is there going to be released on the exchange after the end of ICO?

Hey folks, about 2M - 2,8M USD is my guestimate ( tokens issued * token price * BTC value at moment of purchase = guestimate ), since the price is locked as soon as they receive BTC/ETH or any other currency allowed to use, I can't do give an exact value ( I'm not the dev ).

[arixos]

What's the total number of coins and what is token price at ICO?

currently around 61m has been claimed, once the ico is over, there won't be more releases of the token, the price is 0.00001 bitcoin per token.
Maximum hardcap = 1b tokens = end of ico

See here for a nice graph of it ( mouse over and ull see the numbers )

Dev, How much ICO raised at the moment? Is there going to be released on the exchange after the end of ICO?

I've also tried to find ut how much is raised it would be good to know, the total raised

Dev, How much ICO raised at the moment? Is there going to be released on the exchange after the end of ICO?

Hey folks, about 2M - 2,8M USD is my guestimate ( tokens issued * token price * BTC value at moment of purchase = guestimate ), since the price is locked as soon as they receive BTC/ETH or any other currency allowed to use, I can't do give an exact value ( I'm not the dev ).

I am very puzzled about one thing:
If no dividends are paid out of the AICOIN performance/profit, then can you explain why a successful AICOIN will increase the price of the tokens in the exchange? There is no relation between the performance of AICOIN and the price of token as far as I see in the white paper!!! Why would people buy this coin?

[PJ_L]

Hello, this is a dumb question coming from a noob. Please dont hate. I just found out about the ouraibot blog yesterday, today i found out about the ico, i mean that its still on going. I have no wallet no nothing, can i still manage to participate? My question would be what is tge fastest way to obtain ether (i guess) so i can participate. Im asking because as far as i know it can take days even to get cryptos in your wallet.. i believe in ai and this project, all help is very appreciated

[Panxora_COO]

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

[alexberezov]

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

Unfortunately I met this project late! ICO was finalized and successful, right? Congratulations to all involved, what's left for me is buy some cheap tokens from bounty hunters. 

You can still manage, ICO ends in 15 hours (Although bounty hunters tokens will be cheaper). Successful or not, it is not very clear.

[whoeier]

What's the total number of coins and what is token price at ICO?

currently around 61m has been claimed, once the ico is over, there won't be more releases of the token, the price is 0.00001 bitcoin per token.
Maximum hardcap = 1b tokens = end of ico

See here for a nice graph of it ( mouse over and ull see the numbers )

Dev, How much ICO raised at the moment? Is there going to be released on the exchange after the end of ICO?

I've also tried to find ut how much is raised it would be good to know, the total raised

Dev, How much ICO raised at the moment? Is there going to be released on the exchange after the end of ICO?

Hey folks, about 2M - 2,8M USD is my guestimate ( tokens issued * token price * BTC value at moment of purchase = guestimate ), since the price is locked as soon as they receive BTC/ETH or any other currency allowed to use, I can't do give an exact value ( I'm not the dev ).

I am very puzzled about one thing:
If no dividends are paid out of the AICOIN performance/profit, then can you explain why a successful AICOIN will increase the price of the tokens in the exchange? There is no relation between the performance of AICOIN and the price of token as far as I see in the white paper!!! Why would people buy this coin?

Hi mate,

As the internal value within the AICoin trading pools increase, the investment pool increases along, the holding value increases.
At the moment, there is no dividend payment, but this is merely because it is a choice of the holders, there will be a voting soon after the launch upon this subject and this will be repeated upon request of a user if it makes sense to repeat it. ( Eq. this year voting says "no" to a dividend payment, then next year a user can request a re-vote on the subject. This can be repeated, aswell as the dividend % that is subject to voting.

Hope this makes it more clear, as I'm only a participant in the system I received all my information on the slack channel and the mailing of the FGC.

Greetings,

[Panxora_COO]

[

LASTDAY-
We have reached our goal and the subscription ends at midnight UTC today!
Your subscription must hit the blockchain before then. We are accepting -

BTC
BCH
LTC
ETH
ETC

Our community is so engaged. Such excellent people.
If you have subscribed please read the post ICO timeline blog for information on what happens next.

[bobq]

How will the bounty distribution be ruled?

[Panxora_COO]

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

[Chefironside]

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.

Hello. I need the data for myetherwallet
Add Custom Token 
adress
symbol
decimals


Thank you