Overview: Project Pai (PAI) the Personal Artificial Intelligence (PAI) on the PAI Blockchain

by birtanpublished on August 18, 2020

Hello descriptive cones and welcome to another video in my over V series now in this one I am looking at project pi PI stands for personal artificial intelligence on the PI blockchain update 26th of February 2019 and as always thank you very much for watching and I

Hope it will be useful indeed so first of all some basic information about the project so pi is an open source blockchain based path from that is designed to allow everyone to create manage and use their own personal

Artificial intelligence PI so the PI blockchain enables a decentralized AI economy where application developers can create products and services that will engage with DEP hi avatars now the ultimate aim is a decentralized

Humanistic information economy in which all individuals are compensated for the contribution that make entire platform sounds pretty interesting let's talk more about the actual usage so the pine coin is a bit condor 8 derivative and it

Is currently compatible with the Bitcoin mining algorithm and follows nearly the same in terms of technical details so you can pretty much minded if you want now creating the actual PI avatar is free as is training and improving them

Miners and authenticators who serve to interrogate the PI's on the pipe transactions will be compensated with the PI coins so authenticating your PI avatar may require a small payment of the Piney coin so that's where the

Demand for the coins should be created and also application developers developed on the pipe location may require payment using the Piney coin as well as for the actual usage of the PI blockchain they're basically trying to

Develop a blockchain world where PI avatars interact with each other now that sounds pretty sci-fi but I will talk more about they actually use case in a bit now the actual development is done by the company called OB n hello

How to pronounce them exactly but there are K Levin tens and Softbank ventures Korea and HDC I've export for the companies that means those companies have actually invested in them and they're based in California

USA and they do have six is six employees according to the LinkedIn and they are focusing on AI in VR so pretty interesting company mostly of those new and very impressive technology is not the currently working apps they do

Actually have some and this is obviously the wallet and also app called hiyo which is a very simple app that allows you to create your own pie and see them basically dance or sing so basically a little bit of a gimmick they'll be a

Little fun app to cannot demonstrate how pie actually works and it is currently in the beta version according to the roadmap the team is currently working on this contract implementation as well as more use cases for the coins and more

Apps actually working of the ecosystem which will obviously be crucial because if there's no users for the ecosystem of apps on it nothing will move forward now in terms of the actual token where is it available PI's this isn't few bigger

Exchanges and who are we global it's the biggest one there's also a bank where most of the most developments and those two this is a bit forex and between expose the volume there is quite well not the time for our volume is around

Six million it's a pretty significant volume teller is the most popular pairing but also paired with Bitcoin and aetherium current prices the Nexus of February is around free sense of Pi being around on twenty eighty second

Place in terms of the market capitalization any market cap of around forty two million u.s. dollars now around 1.4 billion of tokens out of almost 1.6 billions are currently in circulation so there will be some extra

Introduced around 160 million so that shit we also considered because that will increase the market cover and as a result could decrease the demand for the existing months so the price graph looks like this as you can see since the

Initial listing on the exchanges the price has been dumped pretty hard but it doesn't seem to be it does seem to be stabilized since then and if we said if we look at the actual market cap has been way too high initially anyway so

That was kind of to happen as we are as we actually see here but as we see their actual price decrease did stop now some of the additional aspects of this project so the team is looking almost 40 years it's

40 new employees so they do seem to be expanding rather quickly which could mean they do have a lot of available capital mostly from the investors that I have mentioned before they do have several available videos demo showing

The developments so they do have ongoing developments happening and they do seem to be moving forward with everything however currently the project is at a very early stage and still doesn't really have many real-life use case

Scenarios most of that one gimmick of an app but the actual technology does seem to be very promising and in my opinion the whole idea is so precious and very sci-fi so it might be very long since it's actually adopted and used in

Reliable I definitely see use cases which I'm going to talk more in the actual verdict so first of all your project is a very difficult project to review because of how complicated it is and we also have to distinguish the

Actual project and the PI coin because if you invest the invest in the coin and not in the project so it does have a lot of potential and seems to be very well managed but it is also ambitious and the potential demand for the coins is still

Unclear and kind of risky because the project needs to go very big for the coins to actually be demanded on the team behind the project is super promising and expanding very quickly and they do it and they are doing very quick

Progress of the project so the potential is also huge and unlimited now one use case I can for example imagine is that you can see the eyes of the actual eyes doctors or consultant mechanics all within one blockchain world so if the AI

Is advanced enough you could not actually need to go with your life specialists you could just consult the eye you can basically have an interaction between two of you two avatars in a blockchain you know fake

World you could call it that way and if they would know as much as real people actual real-life use case scenario there now on the other hand it will take a long time until we are at that stage and it is unclear if the demand for the

Actual pinecones can be sustained since then if you do love the idea and you do sing it has a truly real life application I do think that I think the potential is absolutely huge but it's all very sci-fi but I think if you just

Want to simply support the project I think investing is a no-brainer here but the current valuation is quite high obviously not if you think about the potential about the current market cap is quite high and the demand for the

Coins is also unclear so this is something you do need to remember as an investor but I think as a technology fan it's definitely something you should keep an eye out for that's it I hope that was useful if you want to see more

Subscribe to my channel and I do love e shares and bye

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