AMA RECAP : CRYPTO MALLU CLUB x SOLIDUS

Venue : @CryptoMalluClub

Date : 4th January 2021

Time : 3:00 PM UTC

GUEST : TEAM SOLIDUS

SEGMENT 1 : INTRODUCTION SEGMENT

CHISTINA | CRYPTO MALLU CLUB

1) Can you briefly describe what is ‘SOLIDUS’ ?We would like to know more about it and how it works.

TEAM SOLIDUS

The parent company of Solidus Ai Tech Limited, “Solidus Technologies” were founded in December 2017 as a cryptocurrency mining firm with a particular focus on mining Ethereum (ETH) via GPU-based mining rigs.

Before Solidus Technologies launched they teamed with software development company Soft Galaxy International. Soft Galaxy assisted the establishment and maintenance many large-scale cryptocurrency mining projects throughout Europe.

Solidus Technologies raised around $5.7 million via their network of investors during the cryptocurrency market downturn of 2018. The bulk of the investment was used to GPU’s to mine Ethereum.

During the financial crash of April 2020, the demand for AI services rose significantly due to COVID-19 restrictions. Across every industry, the adoption of AI has exceeded predictions for growth. AI is creating new products, boosting revenues, reducing costs and drastically improving efficiencies. The inexorable evolution of technologies has reached the point where there is an urgent need to solve problems with high computational requirements, the solution of which cannot be provided by a single computing unit. To meet these requirements, Solidus Ai Tech has implemented heterogeneous distributed systems of unparalleled computational capacity and has secured a number of partnerships with governmental authorities and corporate entities.

Solidus Technologies’ joint venture partner, Soft Galaxy International have been approved via the European Union for a $3.5 million grant to help towards completing the existing data centre infrastructure and to scale up operations.

Solidus Ai Tech Limited were established in January 2021 as the Artificial Intelligence arm of the parent company Solidus Technologies.

Solidus Ai Tech is building an Eco Friendly High Performance Computing (HPC) Data Centre & an Infrastructure-as-a-Service (IaaS) platform where Governmental Authorities, Megacorps, SMEs and Professionals will be able to purchase Artificial Intelligence services seamlessly via the worlds first Ai utilities token AITECH token.

Its best to add to this answer with our 2 minute 3D video

Here is the link:https://youtu.be/Bm6GLWUNXpA

CHISTINA | CRYPTO MALLU CLUB

2) What are your main features that distinguish you from other projects and what competitive advantages do you have?

TEAM SOLIDUS

Solidus AITECH HPC data centre infrastructure will run highly efficient algorithms. From the initial consultation, we will be able to clarify how we can optimise for maximum effectiveness for each application and how our customised HPC environments would work for the clients’ needs. At the core of our business, we ensure reliability and security to our clients and do so in a cost-effective and environmentally friendly manner.

Our secure, sustainable computing environment is the perfect solution for anyone prioritising climate goals and carbon targets — we utilise evaporating air cooling technology. The advantages of evaporative cooling are well documented.

This energy-efficient, environmentally friendly technology consumes 80% less energy than compressor air conditioning, can lower the air temperature by up to 12 degrees, improves air quality by removing dust, fumes and unpleasant odours and does not require the closing of doors or windows . HPC is already consuming large portions of the world’s available energy, with various air-cooling solutions consuming up to 30%–40% of the total energy deployed.

Hence, there is an urgent need to deploy sustainable solutions.
By using a special software algorithm and customised hardware architecture, one high-performance AI GPU uses similar power to a household light bulb, and all the materials are renewable.

The heat generated by the machines will be channeled to our production facility to provide warmth during the cold season.

CHISTINA | CRYPTO MALLU CLUB

3) What and all partnerships or marketing initiatives are you working now to help build awareness for your platform?

TEAM SOLIDUS

We have many partnerships in place ready to utilise our AI Services when live

Right now we are raising funds via our AITECH token

Marketing — we are doing AMAs pretty much daily and have both YouTube & Twitter influencers about to go live

We also have a few more articles going out

So we are doing a lot to get our name out there :)

CHISTINA | CRYPTO MALLU CLUB

4) Can you share us the Tokenomics of the project?

TEAM SOLIDUS

Yes slightly long one but you need all the information.

We’re building a Deflationary Token Economy, one of our main objectives is to limit and reduce the Token Supply long-term. Towards that, we’ve planned to take several steps. Key being using 25% of our Quarterly Profits to Buy-back and then burn tokens. This process will go on until the Total Circulating Supply comes down to 5 billion Tokens. We’re also, of course, going to offer Staking right after we finish our Token Sale Campaign, once again limiting the supply and supporting the price.

The token is Deflationary in nature and therefore the Price increase benefits, among others will accrue to the holders.

We have a total token supply of 10 billion, out of which we are selling 4 billion in our crowdfunding campaign. The remaining tokens are dedicated to the project with the majority being development, marketing, community building. Tokenomics incorporates a deflationary mechanism and includes buyback and burning to support the overall token growth with time.

So, there is a multitude of benefits for the token holders.

Our mission is build solid community who will support us throughout our journey to success. Our community will be rewarded with the following:

Staking
Following our successful launch we will offer a staking pool which will pay token holders and estimated 7.5% per annum in our AITECH utility token which can be used to purchase AI services when our Infrastructure-as-a-Service platform launches or alternatively the tokens can be held or sold on an exchange for liquidity.

Lottery Air Drop
Stakers will be entered into a lottery each quarter and the winners will be airdropped AITECH tokens until our platform launches

Burn program
Tokens from our launch that have not have been purchased will be burned. We will then burn additional tokens from the circulation supply every quarter untill our platform launches. In addition to this we will burn a percentage of the AITECH tokens that are used to purchase services on our platform to further decrease the circulation supply.

Lock up
The team & developers token allocation will be locked in a smart contract for 4 years with a small proportion being released each year on the anniversary of the launch date.

CHISTINA | CRYPTO MALLU CLUB

5 ) Can you mention the future plans for ‘SOLIDUS’ and share us the roadmap for the coming quaters..?

TEAM SOLIDUS

Q1 2022

- AITECH token distribution to all ICO investors
- Staking platform live
- Lottery Airdrop for everybody who decides to stake their AITECH tokens
- First order placed to purchase AI GPUs and materials
- Power grid upgraded to support HPC
- Ventilation upgraded to support HPC
- Software development commenced for customer Infrastructure-as-a-Service (IaaS) portal
- Software development commenced for Enterprise Blockchain
- Token listing on Exchanges

At the end of Q1:
- Lottery Airdrop for everybody who staked their AITECH tokens
- First quarterly payment for everybody who staked their AITECH tokens
- First AITECH token quarterly burn

Q2 2022

- Second order placed to purchase AI GPUs and materials
- All hardware and GPU clusters set up
- Software optimisation for hardware set up
- Hardware monitoring tools set up
- Cybersecurity policies implemented
- Tier 4 Data Centre requirements implement
- Additional AITECH token listings on Exchanges

At the end of Q2:
- Lottery Airdrop for everybody who staked their AITECH Tokens
- Quarterly payment for everybody who staked their AITECH tokens
- AITECH token quarterly burn

Q3 2022

- Third order placed to purchase AI GPUs and materials
- Customer IaaS portal finalised
- Enterprise Blockchain for Governmental Authorities finalised
- AI infrastructure services marketing campaign commenced
- Additional AITECH token listings on Exchanges

At the end of Q3:
- Lottery Airdrop for everybody who staked their AITECH tokens
- Quarterly payment for everybody who staked their AITECH tokens
- AITECH token quarterly burn

Q4 2022

- Forth order placed to purchase AI GPUs and materials
- Additional AITECH token listings on Exchanges

At the end of Q4:
- Lottery Airdrop for everybody who staked their AITECH tokens
- Quarterly payment for everybody who staked their AITECH tokens
- AITECH token quarterly burn

SEGMENT 2 — TWITTER SEGMENT

CHISTINA | CRYPTO MALLU CLUB

Q1) Solidus AITECH mentions that their intelligence is more than artificial. And that its deep and useful knowledge ecosystem will change the world more than anything in human history. More than electricity. So, take this into account, how will they differ from regular AI?

TEAM SOLIDUS

Solidus AITECH is building a blockchain operating system for the public sector. This government enterprise solution uses smart contracts, asset management solutions, identity management solutions, and process automation.

The solution provides a private enterprise chain developed specifically for governments. It features the ability to assign different levels of access to authorised users, ensuring the independent validation of transactions and operations that establish full security and accountability while complying with relevant privacy standards.

Governmental complex computation-intensive data analysis tasks can include the following:

1.Asset Management
2. Smart Contracts for Health Care
3. Voting
4. Taxation
5. Supply Chain Traceability
6. Land Registration
7. Identity Management & Process Automation
The governmental enterprise blockchain solution enables citizens, residents and businesses to participate and manage their data, creating a secure system that will streamline government-citizen interactions while securing information against hacking and fraud.

“AI is going to change the World more than anything in the history of mankind.” — AI Oracle and VC Dr. Kai-Fu Lee

were not providing New AI just a faster and cleaner way for companies to access it

We are regular high level AI and it is up to the governments, megacorps, SMEs and Professionals on how they wish to use AI

CHISTINA | CRYPTO MALLU CLUB

Q2) What is your top priority right now? Can you and your team members share a bit about the strategy that AITECH will implement in the near future? What makes the team feel confident to win in the long run?

TEAM SOLIDUS

Our top priority right now is to market and raise funds

We have raised over $4.3m so far and are in our Pre-Sale round

The strategy is to raise funds and then use the funds to purchase and install our AI infrastructure

We feel confident to win in the long term as we have the expertise and we have AI contracts in place :)

we are the first utilities token in the world that allows purchasers to purchase AI services via HPC centres so were extremely confident we are on to a winner! and so will you if you invest with us today www.ai-tech.io

the contacts and partnership with Microsoft are already their now we just need the hardware to facilitate them!

CHISTINA | CRYPTO MALLU CLUB

Q3)Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project?

TEAM SOLIDUS

Our core team members are:

Paul Farhi
FOUNDER & HEAD OF UK OPERATIONS

Paul is a born achiever and has very high standards in everything he does. He is a passionate entrepreneur and established himself as a successful investor very early on in his career. His main focus was on Property & Fine Art until he was introduced to Bitcoin in 2015 and since then has never looked back. During his career Paul has built a solid network and was instrumental in securing the partnership between Solidus Technologies and Soft Galaxy international. Paul is a forward thinker and identified very early on that Ethereum will be moving from proof-of-work to proof-of-stake which means that mining would no longer be the future for Solidus Technologies and began his research into Artificial Intelligence. Since then he has studied Artificial intelligence at the London Business School and has identified key areas that will be significant for Solidus AITECH in the near future. Paul also owns a Fine Art Company who are taking a serious look at the NFT space. Paul also oversees the overall Marketing efforts of Solidus AITECH.

Adrian Stoica
FOUNDER & HEAD OF INTERNATIONAL OPERATIONS

Adrian is the President of Optoelectronica and founder of Soft Galaxy. He has the mission to combine the expertise from two different worlds: hardware and software and deliver a new generation of computing and data processing to the World. This will boost the world’s technological progress into the future, opening new doors for R&D, smart devices, changing the way we are currently interacting with technology.
He is well connected within the AI industry, and works closely with government entities. He works as a Managing IT consultant with international experience and a combination of consulting experience, general management experience, leadership skills as well as entrepreneurship and business development skills. Valeriu-Adrian has broad industry exposure with a special focus on Artificial Intelligence, Cybersecurity, Military / Defence Systems, Blockchain Technology and e-government. He specialises in techno politics and alternative models of governance, with a focus on applications and decentralised architectures for Public Administration and e-government. He is also a founder of an international software engineering company, focusing on Artificial Intelligence and working on solutions for Blockchain Technology. This makes “Adrian” a vital part of the team.

Alexandru Galusca
CHIEF STRATEGY OFFICER

“Retired Brigadier General (Romanian Air Force), squadron leader in Air Force Staff operational units, Chief of Military Intelligence, Deputy Military Representative to NATO and EU. “”Ducu”” has the mission to assure the technology transfer and share his knowledge into Artificial Intelligence applied in the Defence field but also to promote the HPC capabilities within NATO, EU and the Romanian MoD. He is reponsible in implementing NATO standard cyber security policies within the company.”

Marius Opran
TECHNICAL ADVISOR

Marius is a member of the Board of Directors, Chief Scientist Defence, Security, SSA-Romanian Space Agency / Member, EU Economic and Social Committee, Expert NATO-SPS, EDA-EOST His mission is to promote worldwide state-of-the-art projects and new frontier technologies developed by Romanian scientists using his experience and knowledge.

CHISTINA | CRYPTO MALLU CLUB

Q4) Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on? Please share with us!!

TEAM SOLIDUS

Problem

A significant problem is the lack of European HPC facilities in the global top 10. The EU consumes one-third of HPC resources while only producing 5% of computer power. European scientists and engineers rely on expensive U.S. supercomputing facilities more than those in the EU by a factor of 10.

Solution

At Solidus AITECH, we have completed the main build of our data centre and are ready to commence the installation of our HPC infrastructure which is based in Europe (Bucharest), which will significantly help to bridge this gap and will enable European companies to obtain their supercomputing power within the EU. We expect this facility to be more efficient and of lower cost than in most of the U.S. By operating in Bucharest, we have the benefit of low-cost electricity and fast internet speeds as well as our Intellectual Property (IP) and expect to run at around 40% less power consumption than the industry average.
We have the capacity to scale up our operations and, as we do so, we expect to quickly become the top EU HPC centre and in the global top 10 HPC centres.

Future AI usecase:

Instead of taking regular over the counter medicines…

Medicine could be tailored to your exact genome. AI algorithms will enable doctors and hospitals to better analyze data and customize their health care to the genes, environment and lifestyle of each patient.

From diagnosing brain tumors to deciding which cancer treatment will work best for an individual, AI is positioned to drive the personalized medicine revolution.

We are not trying to venture into medicine ourselves

Big pharma companies will utilise our AI infrastructure and we have a Letter of intent from top 10 pharma company ‘Sanofi’

it gives you an idea of the problems around the world we can help solve.

CHISTINA | CRYPTO MALLU CLUB

Q5)Do you have the infrastructure and ability to provide the data that would be generated if your hpc were used by all European companies as you intend? Do you have a plan on how to modify the existing infrastructure if the demand is high?

TEAM SOLIDUS

We have the ability to rapidly upscale as the business will generate profit of $60m a year even on the lowest form of revenue models. We don’t intend on taking every company in Europe but a proportion will defiantly use us as we can provide the hardware and software for cheaper cheaper because of our IP.

SEGMENT 3 : LIVE Q & A

Q1) from @HELLOHELLSIR

Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness thanks ?

TEAM SOLIDUS

We aim to burn 50% of the supply.

We will start by burning tokens every quarter once we list on Uniswap in April/May until our IaaS platform has been built

We will then burn tokens that are used to purchase the services via the Ai tech token.

Q2) from @Gautham127

Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable???

TEAM SOLIDUS

Our Smart Contract has been built and an internal audit has been completed

Our plan is to then be externally audited by CertiK before we go live.

Q3) from @Rizvi510

Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

TEAM SOLIDUS

Solidus is also a strong supporter of the ‘Crypto Climate Accord’ which is focused on decarbonising the cryptocurrency industry by 2040. Our data center will also run 40% more efficient compared to industry standards due to our IP & evaporating cooling methods, evaporating cooling is 80% cleaner then traditional air conditioning methods. The electricity costs in Bucharest are also cheaper & internet speeds are faster than most countries in the EU meaning we can operate at lower costs and also in a more Eco friendly way then our competitors.

We are the worlds first AI utilities token to be used to purchase AI services via HPC centres like we have built. Our IP allows our hardware to operate not only faster but also more efficiently by using less electricity — this is patent pending

Crypto Climate Accords main objective is to decarbonise the global crypto industry by prioritising climate stewardship and supporting the entire crypto industries transition to net-zero greenhouse gas emissions by 2040

In short we can do it faster, cleaner and greener then anyone else

Q4) from @Nashik12

What is your advantage over other projects? Is it from a security point of view or the technology you are using? Or are there other advantages? What is business model of your project? How it works?

TEAM SOLIDUS

Great question

AITECH — We are the Worlds first AI utility token so are the first to market plus we have our Data Centre built

Here is more insight into the Security side of things:

We will constantly innovate and utilise new technologies, and we will grow securely. This requires an end-to-end cyber risk strategy driven by our executive leadership team. Our strategy balances the requirements to be secure, vigilant, and resilient with strategic objectives. We implemented our NATO-compliant roadmap and governance model to support security priorities in an era where cyber is everywhere.

Q5) from @Athulm1997

What is the most ambitious goal of your project? Could share with us any Upcoming Updates?

TEAM SOLIDUS

We plan to be the largest centre in Europe which would give us a global top 10 spot.

To do this we need your help, you can buy our token at

Www.ai-tech.io

Buy buying now you will make around a 40% gain based on the listing price and after that, they sky’s the limit for a token that will have half its supply destroyed

Follow SOLIDUS here for latest updates;

Website: www.ai-tech.io
Twitter: https://tinyurl.com/aitechtwitter
Telegram : https://t.me/solidusaichat

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