Our journey of learning about investing in crypto is now at a station called AI crypto presales. Remember that investing in crypto is all about narratives and AI has been one of the most dominant narratives in the investment landscape. This is also true for crypto, hence the need to explore opportunities in this segment.
What Are AI Crypto Presales?
They are presales conducted by projects looking to launch a product or service that is based on an AI approach in the crypto segment. Since they are presale tokens, this means they have not yet hit the mainstream. Therefore, they represent an opportunity for potential investors to buy in earlier than majority of crypto investors.
The main purpose of AI crypto presales is to help projects get off the ground. The projects behind AI projects in the crypto industry can kick off by launching presales to secure initial capital for development, marketing and other operations. This is called seed capital. They also serve an important purpose for investors looking for early opportunities. They benefit from buying into an asset at prices that are lower than market launch prices.
Key Features of AI Crypto Presales
Presales that fall into this category have specific characteristics that allow them to be classified as such. Here are the key features to look out for:
Tokenomics integration
AI crypto presales may incorporate a special form of utility that revolves around AI. For example, a token can be used to provide access to AI-based services.
AI crypto integration
A crypto token may be integrated into decentralized web3 projects in the form of staking and liquidity mining for AI services.
AI can also be incorporated into presales to boost efficiency. For example, the technology can be used for predictive analytics to predict things like token performance, market trends and also for risk assessment. In some cases, AI can be leveraged in project documentation processes such as creating a whitepaper.
Examples of existing projects that incorporate AI
There are already existing projects that leverage AI. Let’s take a look at some examples:
Ocean protocol
This is a decentralized data sharing protocol for AI projects. It is an Ethereum-based project that aims to leverage a decentralized approach to data security. It currently has a $223.37 million marketcap and a $0.356 price tag for its native token, OCEAN.
The Graph
It is one of the pioneers in the decentralized data indexing segment. It leverages AI and data querying to boost efficiency in data retrieval for DApps. The Graph had a $1.29 billion marketcap and its native token exchanged hands at $0.135 at the time of observation.
Delysium (AGI)
This is a project focused on the metaverse and it aims to create a virtual world where humans can interact with AI. This project currently boasts of a $108 million marketcap. Its native token traded at $0.118 at the time of observation.
Challenges and Risks
- Data quality. All AI based systems rely on data to maintain high efficiency and accuracy in decision making. Flawed data thus lead to improper results.
- Lack of regulatory clarity: The crypto industry does not have a proper regulatory framework for AI. Therefore, there are a variety of concerns relating to ethical, security and privacy.
- Project risks: Presales of all types have inherent risks and this is the same for AI crypto presales. Some of the major risks include potential scams, lack of liquidity and project failure.
- Biases in data may be pushed onto algorithms, therefore affecting the decision making.
Examples of currently ongoing AI crypto presales
Nexoyments (NOYMAI)
This is an AI-powered decentralized platform that can be used to create music, voice notes and images. Nexoyments is one of the first of its kind in WEB3, taking a leaf from existing similar platforms in WEB2. It is currently in a presale stage that started ON 15 August and is slated to end on 2 September.
Nexoyments’ current presale stage aims to raise $1 million and almost $428,000 was raised at press time. The project is supported by multiple networks including Ethereum, Binance Smart chain, Base and Arbitrum. It also has a $0.039 and a target launch price of $0.097. The project’s audit report revealed that it will have a low supply at 100 million tokens.
Wienerdog (WAI)
This is a project that aims to rollout as an AI-powered WEB3 trading bot. Just as its name suggests, Wienerdog has a memecoin-like approach but the AI trading bot approach indicates a focus on utility for its WAI token.
Speaking of, the WAI token launched the first presale stage on 10 April and is yet to announce the end of the presale stage. It offers the possibility of passive income through staking. WAI is an ERC20 token with a maximum supply of 69 billion tokens.
Raboo (RABT)
If you are looking for an AI-powered token that also doubles up as a memecoin, then this is it. It aims to grow into an ecosystem for AI-generated memecoins and NFTs. Raboo intends to use its native token RABT as a gateway for early access to NFTs a well as memecoins within it ecosystem.
Raboo’s native token RABT will have 1.134 billion tokens in presale supply. Its presale kicked off in March and is currently ongoing. Its presale price is $0.0048 and has so far raised over $2 million.
EarthMeta (EMT)
This is perhaps one of the most interesting projects you might encounter in this space. EarthMeta is a metaverse project that wants to create a decentralized digital copy of Earth, where users will get to own digital assets. It is also an AI-powered project.
EMT will be the native currency in the digital metaverse version of Earth in this project. It will also be used for governance and staking. The project is in its presale stage priced at $0.013. EarthMeta will have a listing price of $0.03. The token can be purchased using multiple cryptocurrencies including USDT, ETH, BNB and MATIC.
CryptoScanCoin (CSC)
CryptoScan markets itself as an AI-powered innovative platform that analyzes cryptocurrencies in real-time. The idea is to help users assess the legitimacy and quality of a cryptocurrency before investing, as well as to determine which are scams and which are not.
CryptoScan’s native token CSC has a total supply of 250 million tokens. It is an ERC20 token designed for utility within the CryptoScan ecosystem. It is currently in its presale stage which kicked off in April and is slated to end in November.
Conclusion
AI crypto presales present an opportunity to tap into one of the key narratives of 2024’s investment landscape. They may therefore provide robust growth opportunities for early investors. However, there is a lot of risk in putting your hard earned cash in new projects no matter how promising they might seem. Therefore, we cannot stress enough why it is essential to do proper due diligence and do not take on risks that might jeopardize your financial situation.
Next: How to buy presale crypto: The only guide you need