2024: The Year of AI Tokens? Quick Overview of 10 Small-Cap AI New Projects
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2024: The Year of AI Tokens? Quick Overview of 10 Small-Cap AI New Projects
Can AI and blockchain convergence projects shine in 2024?
Navigating Web3 tides with focused insightsAuthor: Nikyous, Crypto KOL
Translation: Felix, PANews
2024 may be the inaugural year for AI tokens, and crypto KOL Nikyous has highlighted 10 small-cap AI projects.
PANews Note: This article is intended to provide market information only and does not constitute investment or usage advice. Please do your own research (DYOR).
AstraAI (ASTRA)
AstraAI is an AI project leveraging data science, deep learning, and big data to deliver innovative solutions on blockchain. AstraAI’s auditing services will offer comprehensive security and performance analysis for crypto tokens, decentralized applications (dApps), and blockchain networks.
GraphLinq (GLQ)
GraphLinq is a no-code blockchain platform designed for Web3 automation, dApps, and AI. The GraphLinq ecosystem consists of two main components: GraphLinq Chain and GraphLinq Protocol. GraphLinq Protocol is an automated workflow management solution that enables users to easily deploy and manage various types of automation without requiring coding skills. The protocol comprises four key components: Integrated Development Environment, Applications, Engine, and Marketplace.
GraphLinq Chain is a blockchain specifically designed to support the GraphLinq Protocol. Built on a Proof-of-Authority (POA) consensus mechanism, this chain provides a secure and scalable platform for running automations. The GraphLinq Protocol leverages GraphLinq Chain to ensure secure and accurate execution of automated processes.
Otacon (OTACON)
Otacon is the first AI bug bounty hunter, enabling anyone with a computer to claim bounties by reporting software and smart contract vulnerabilities. Holders of OTACON tokens can share in these bounties. Key features of Otacon include collaborative vulnerability discovery, parameterized vulnerability reporting, shared cryptocurrency payouts, and real-time transaction-level security circuit breakers.
Eternal AI (MIND)
Eternal AI combines artificial intelligence with personal digital legacy, aiming to digitize human consciousness to create personalized AI models. By introducing GPT-V—an innovative multimodal AI model—users will be able to upload images of individuals they wish to recreate. Additionally, text-to-speech technology is planned to add another dimension to the AI models.
VaultTech (VAULT)
VaultTech offers AI-powered escrow services, seamless over-the-counter (OTC) trading, and NLP (Natural Language Processing)-driven multi-chain private transactions. The protocol aims to enhance user experience through social dApp integration, AI, and gamification.
Key features of VaultAI's escrow bot include:
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Escrow Services: The bot facilitates transactions by holding funds until both parties fulfill their obligations.
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Multi-chain Exchange: Users can diversify their portfolios by seamlessly trading across different blockchains.
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Over-the-Counter (OTC) Trading: The bot streamlines OTC trades, allowing users to engage in direct, private cryptocurrency transactions.
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Privacy-Enhancing Mixer: The mixer feature ensures greater privacy by blending transactions with others, adding an extra layer of anonymity.
Chainback (ARCHIVE)
Chainback provides free and encrypted file sharing via IPFS, ensuring affordability and accessibility for businesses and individuals. Chainback introduces decentralized document access control powered by the ChainbackSign utility. Users can customize permissions (from viewing and downloading to signing) based on ownership of specific ERC20 tokens, NFTs, or Ethereum addresses. Additionally, the upcoming Chainback Bot is designed to enhance user interaction.
Xend Finance (XEND)
Xend Finance is a global crypto bank and claims to be Africa’s first DeFi project. Built on a smart contract chain, the protocol allows users to earn compound interest and high annual yields, offering up to 15% interest. It also provides open Web3 infrastructure for developers and is supported by Binance and Google Launchpad.
Xend Finance utilizes user deposits by periodically investing them via smart contracts into DeFi lending protocols such as Compound, AAVE, dYdX, and Yearn Finance. All deposits are insured by the decentralized insurance protocol Tidal Finance.
Mozaic (MOZ)
Mozaic offers AI-optimized yield and liquidity strategies. Community-built and powered by AI and LayerZero technology, Mozaic delivers automated liquidity mining. Mozaic’s AI, named Archimedes, aims to eliminate risks associated with yield decay, transaction fees, and position transfers in liquidity mining.
PaLM AI (PALM)
PaLM AI is a multi-platform AI chatbot built around Google’s PaLM 2 large language model, available on WhatsApp and Telegram.
The core concept of the PaLM chatbot revolves around input and output. When a user sends a command, the bot forwards it to processing and filtering modules before sending the final instruction to Google’s PaLM model. The response is then received, further processed for optimal user experience, and delivered as output.
lilAI (LILAI)
lilAI provides intelligent automation for community management. Built on the Arbitrum ecosystem and powered by machine learning and AI, LilAI will deliver intuitive and effective solutions for Telegram and Discord to help communities thrive. The platform offers several key features, including:
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Machine learning-based responses to questions about projects and roadmaps
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Enforcement of community guidelines
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Tracking positive contributions from community members
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Tone calibration under administrator control (e.g., hype, enthusiasm, sarcasm)
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Countering FUD (fear, uncertainty, and doubt)
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Generating memes using daily/monthly analytics for community sharing
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Providing suggestions for community-led marketing campaigns
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