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VAIOT
VAIOT offers a portfolio of blockchain-based AI Assistants for businesses and consumers to provide automated services and transactions. Easier, cheaper and faster.
Key Metrics
Ticker: VAI
Blockchain network: ETHEREUM, COSMOS
Project token valuation: €40,000,000
Token Supply: 400,000,000
Tokens for Sale (total): 128,000,000
Tokens for Sale (SHO): 2,500,000
SHO date: 10-Feb
Hardcap (Total USD raised in all rounds): €7,100,000
Hardcap (SHO): €250,000
Blockchain network: ETHEREUM, COSMOS
Project token valuation: €40,000,000
Token Supply: 400,000,000
Tokens for Sale (total): 128,000,000
Tokens for Sale (SHO): 2,500,000
SHO date: 10-Feb
Hardcap (Total USD raised in all rounds): €7,100,000
Hardcap (SHO): €250,000
Strong Holder Offering
1. Project Overview: What is VAIOT?
VAIOT, the first-ever regulated crypto project in Malta, was founded in 2018, and launched the Proof of Concept project in collaboration with IBM during Q4 2019 – Q1 2020.
VAIOT combines AI & Blockchain to develop IVAs – Intelligent Virtual Assistants, for both consumers and businesses. The main difference between VAIOT and Siri or Alexa is that VAIOT was created to digitise business processes such as buying insurance or creating legal agreements.
The project offers a brand new digital channel for the distribution of products and services and communication with consumers and the building of personal AI legal, contracts and transaction assistants providing legal services, including digital, blockchain-based contracts.
The blockchain plays a vital role in both the solutions offered by VAIOT and the overall ecosystem with use cases ranging from recording contract and insurance policy data on-chain in addition to using the VAI Token economy to incentivise the utilization of such products. As a result, VAIOT solutions are supported by a token economy based on VAI Tokens, encouraging the use of Intelligent Virtual Assistants due to incentives such as the Payback Program fueled by VAIs.
VAIOT combines AI & Blockchain to develop IVAs – Intelligent Virtual Assistants, for both consumers and businesses. The main difference between VAIOT and Siri or Alexa is that VAIOT was created to digitise business processes such as buying insurance or creating legal agreements.
The project offers a brand new digital channel for the distribution of products and services and communication with consumers and the building of personal AI legal, contracts and transaction assistants providing legal services, including digital, blockchain-based contracts.
The blockchain plays a vital role in both the solutions offered by VAIOT and the overall ecosystem with use cases ranging from recording contract and insurance policy data on-chain in addition to using the VAI Token economy to incentivise the utilization of such products. As a result, VAIOT solutions are supported by a token economy based on VAI Tokens, encouraging the use of Intelligent Virtual Assistants due to incentives such as the Payback Program fueled by VAIs.
2.A. Go-To-Market strategy
The VAIOT Platform will offer the market business solutions focusing on two areas:
VAIOT has designed three business lines:
- AI-based legal services.
- A novel, intelligent service distribution channel.
VAIOT has designed three business lines:
- Virtual AI Sales Assistant - A new digital intelligent sales channel.
- Virtual AI Aggregator & Broker (Recommendation and Sales Assistant) - A new digital intelligent customer service tool.
- Virtual AI Legal Assistant and AI Legal Oracle - A new digital intelligent legal assistant with the capability to generate contracts and conclude secure transactions.
2.B. Product Viability
VAIOT has already developed a working software beta for insurance companies that is already used to secure deals with the first clients in few sectors. The Beta was tested by a group of 50 community testers selected from VAIOT's community. A client can use VAIOT's technology to have their own AI assistant delivered to consumers via a mobile app to potentially increase sales, revenues, or to reduce costs. These are not simple chatbots; and VAIOT allows the consumers to use a Natural User Interface, including speech recognition for voice conversation with the AI assistant that for example, suggests suitable products or services based on customer requirements. This can work as an Intelligent, digital sales channel or a customer service tool.
The MVP and BETA versions which have already been released were built by the VAIOT team based on the PoC project conducted jointly with its partner IBM.
The BETA is already used to pitch first clients in the insurance, and also pitching HR and Voice Commerce clients.
The product BETA has been available on the VAIOT website since the end of September for closed beta testing.
The MVP and BETA versions which have already been released were built by the VAIOT team based on the PoC project conducted jointly with its partner IBM.
The BETA is already used to pitch first clients in the insurance, and also pitching HR and Voice Commerce clients.
The product BETA has been available on the VAIOT website since the end of September for closed beta testing.
3. Product Roadmap
4. Revenue Streams
- The company extracts revenue from the products offered to the market across 3 business lines; business line 1 – revenue from commercial b2b contracts + implementation fees; business line 2 – revenue from each transaction made through an assistant (e.g. insurance policy sold); business line 3 – revenue from each transaction and/or each intelligent contract generated/each use of an AI Legal Oracle.
- Transaction fees and contract deployment fees are transferred to the VAIOT ecosystem where they are distributed to the validators.
- Brokerage profit for nodes offering price peg during VAI Token payments in VAIOT Value Assurance System (VVAS).
- Payment for a request to AI Legal Oracle will be gathered in VAI Tokens.
- Token transfers from the Payback Wallet to the VAIOT Wallet generate a fixed percentage fee distributed to the Growth Pool.
5. Technologies Used and Created by the Project
A set of technologies called Intelligent Contracts are being developed, these comprise a cluster of technologies, including:
- VAIBC, AI Virtual Assistant
- IBM Watson components
- VAIOT Code Generation Engine
- Proprietary Blockchain solution based on Cosmos (in phase one VAIOT is using Ethereum-based token)
6. Team
A team of 15 members (with 6 people working in software development; 1 in security; 1 R&D lead; 1 crypto lead; 3 people in Operations & Project Management; CEO; 2 in Marketing and Growth)
Christoph Surgowt – CEO
Over three decades of experience in managing innovative projects and high-profile human resources in the I.T. & Telecom industries. Worked for both big corporate clients, leading the market expansion in different regions and strategy making, as well as for startups – acted as a CEO at Usecrypt, a company he co-founded with Pawel Stopczynski which was sold to a group of private investors. Usecrypt solution was delivered to clients in the financial and legal sector for data protection.
Over three decades of experience in managing innovative projects and high-profile human resources in the I.T. & Telecom industries. Worked for both big corporate clients, leading the market expansion in different regions and strategy making, as well as for startups – acted as a CEO at Usecrypt, a company he co-founded with Pawel Stopczynski which was sold to a group of private investors. Usecrypt solution was delivered to clients in the financial and legal sector for data protection.
Pawel Andruszkiewicz – COO
Solid experience in managing both startup projects and big, high-value I.T. implementation projects for corporate clients; as a Global PM worked for both Atos and BNP Paribas. Managed I.T. development and delivery projects for Aviva, Royal Mail Group, and Nomad Foods. Managed projects ranging from 500k EUR to 50M EUR; leading teams from 5-30 professionals.
Solid experience in managing both startup projects and big, high-value I.T. implementation projects for corporate clients; as a Global PM worked for both Atos and BNP Paribas. Managed I.T. development and delivery projects for Aviva, Royal Mail Group, and Nomad Foods. Managed projects ranging from 500k EUR to 50M EUR; leading teams from 5-30 professionals.
Pawel Stopczynski – R&D Director and Co-Founder
Long track-record of creative and R&D work in the I.T. industry. Inventor and co-founder of cryptographic solutions - Usecrypt Safe and Usecrypt Messenger. Expert in developing I.T. and security solutions for clients in various industries, including the insurance sector. As an R&D Director, he created a concept of the blockchain-based product authentication system for Veriori S.A.
Long track-record of creative and R&D work in the I.T. industry. Inventor and co-founder of cryptographic solutions - Usecrypt Safe and Usecrypt Messenger. Expert in developing I.T. and security solutions for clients in various industries, including the insurance sector. As an R&D Director, he created a concept of the blockchain-based product authentication system for Veriori S.A.
Jakub Kobeldys – Lead Developer, Blockchain Expert & Technical Administrator
I.T. systems architect, security expert, open-source enthusiast. Studied cryptology at the Military University of Technology in Warsaw. Worked with multiple blockchain technologies, including Bitcoin, Ethereum, Hyperledger Sawtooth, and most recently Tendermint. Took part in numerous projects related to public service and blockchain as a developer and architect. Big fan of cloud and container technologies.
I.T. systems architect, security expert, open-source enthusiast. Studied cryptology at the Military University of Technology in Warsaw. Worked with multiple blockchain technologies, including Bitcoin, Ethereum, Hyperledger Sawtooth, and most recently Tendermint. Took part in numerous projects related to public service and blockchain as a developer and architect. Big fan of cloud and container technologies.
7. PARTNERSHIPS
8. Token Economy
9. DETAILED TOKEN METRICS
10. TOKEN DISTRIBUTION
11. TOKEN RELEASE SCHEDULE
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