Magic AI is a platform that brings together like-minded individuals passionate about exploring the potential of AI and metaverse technologies. It provides a hub for community members to come together, connect, interact, learn and earn rewards for sharing their knowledge on AI technology, trends, and opportunities.
As a decentralized autonomous organization (DAO), on the Ethereum Layer 2 Arbitrum, Magic AI uses artificial intelligence to guide and power governance. With artificial intelligence helping to keep human emotions and group think in check, it is hoped that better governance decisions be made for the greater good of the DAO, the blockchain community and mankind as a whole. A proprietary AI model will be used for the governance of the DAO. While the initial governance process is likely to be messy, the level of governance is likely to improve over time, and eventually exceed governance purely by humans, as the AI learns and improves over time.
[Features of MagicAI:• Education: Explore AI and meterverse technologies and its applications, stay up-to-date on the latest trends, developments and opportunities through webinars, AMAs, workshops etc.
• Rewards: Magic AI rewards users for their contributions to the community, incentivizing participation and creating a vibrant ecosystem.
• Security: The platform is built on blockchain technology, providing a secure and decentralized environment for users to connect and transact.
• Immersive events: Community members can participate in global events and projects launches that showcase the potential of AI and meteverse technologies.
• Marketplace: Magic AI collaborates with global industry players where members can access to high-value AI and metaverse projects, airdrops and token offerings.
• Resources: Connects members with global industry professionals and offers opportunities for project collaborations, business developments and career advancements.
System OverviewThe system utilizes MAI Token. MAI token holders can also stake to mine. The system mainly provides AIGC related services, including:
a. Prompt text generation and transaction;
b. Image generation via Text2 Image service;
c. 3D character generation with Image2 3D Avatar service;
d. AIGC's Prompt to the generation of questions, answers and accumulation re-learning services;
e. Meta Avatar character information connecting to external service — openMetaAPI. Avatars enters the metaverse and players consume and earn MAI through creating virtual worlds and gameplay.
f. Provides IPFS (distributed storage service) for the ecosystem, earns MAI by providing computing power and through staking.
The Utility Token $MAIThe utility token would be MAI, symbolizing future. It conveys the hopes of a better age that the initiators of the DAO wish to bring to the rest of the web3 community. The token would be used for voting and proposals. There will be 1 billion tokens in total. The token release schedule has yet to be decided.
MAI token also represents membership in the club and facilitates transactions, incentivizes participation and rewards members for their contributions to the community. MAI tokens can be bought, sold, or traded on cryptocurrency exchanges, and used within the club to participate in decision-making process related to the guild's development and growth and access to products, services and contents.
AIGC digital character generation and prompt-based Q&A AI system: Members can utilize Prompt text generation and transaction service, generate 3D characters, participate in Prompt-based Q&A AI service and import characters into various metaverses.
Ecosystem Rewards: Participate in MAI ecosystem projects and get rewarded with MAI tokens.
Participation Rewards: Members earn rewards for participating in community governance and decision-making. Rewards are also given for participating in various community activities such as contributing to forums, answering questions, and sharing their insights on AI and metaverse technologies.
Staking Rewards: AI Guild will offer staking rewards for users who hold MAI tokens. These rewards will be distributed to users who stake their tokens for a specified period of time and participate in community governance activities.
Marketplace Transactions: Members can use MAI tokens to purchase products and services on the Magic AI marketplace.
Partner Rewards: The Magic AI will partner with industry players to offer discounts and other incentives to users who pay with MAI tokens.
Access to Premium Content: Members can access premium content on the Magic AI platform by paying with MAI tokens. This includes exclusive research reports, webinars, and training materials.
Sustaining Token ValueThe goal is to create a sustainable and thriving ecosystem that rewards members for contributing to the community and encourages long-term adoption and growth. It can also help to prevent market manipulation, encourage transparency and trust, and create a fair distribution of tokens.
Token Burn: To ensure the scarcity and value of the MAI token, a portion of the tokens utilized in the ecosystem will be burned, reducing the total supply of MAI in circulation.
Token Buyback: Magic AI will periodically buy back and burn MAI tokens from the open market, using a portion of its revenue to do so. This is intended to further reduce the total supply of MAI and increase its value.
Website:https://magicai.network/Twitter:https://twitter.com/MagicAINetworkTelegram:https://t.me/MagicAINetworkContract Adress:0x20A12e1aeA768ff4cfCBbDE07edB6A8EA2934C34
