Project name：Blockchain of AI and IOT
Project name in Chinese：none
Token name： BAIC
Token name abbreviation：BAIC
Date of project establishment：December, 2017
Project Investor：ZhenFund, Fenbushi Capital, Node Capital, LinkVC, etc.
Product introduction :
BAIC (Blockchain of AI and IOT). It is an open source decentralized-blockchain-platform for IoT and data interaction, transaction settlement and intelligent contract. The BAIC community believes that the big data, which generated and collected by people, will be the reference point for IoT, AI, and the world of the future. The goal of BAIC community is to enable data to be traded and circulated directly among users, data buyers, device vendors, and advertisers through blockchain technology. Thus, the data identifier of an individual block is established and valued. The BAIC digital card is used to settle the data and making the user the real manager of their personal information.
Project progress :
- The BAIC chain is a dual-consensus chain form based on DPOS and underlying consensus, combined with DAG and IoT device data exchange mechanism. It is mostly completed and will be tested online in July 2018.
- The whole-node wallet based on the bottom layer of BAIC chain is, and it has entered the phase of the internal test.
- The Now wallet 1.0 of the BAIC ecosystem has been released and currently supports cross-chain asset storage; it will support cross-chain digital asset management and exchange business shortly.
- The Now Pay 1.0 payment system, which bases on the BAIC ecosystem, has been released to support digital currency payment services in multiple scenarios.
- The IoT layer of the BAIC chain is under development and will be launching the supporting SDK and hardware once the public blockchain is online.
- The underlying layer of BAIC chain is developed based on DPOS and DAG dual-consensus mechanism. It doesn’t require a professional mining machine to mine and can reach above 2000 under TPS test. After the official one is released, the TPS number could reach over ten thousand.
- The BAIC chain will provide all source code after the supernode is selected and the open beta test is completed.
Information of issuance and circulation :
Issuance quantity：21 Billion
circulation quantity：11.55 Billion
Date of private placement：January 1st, 2018
Exchange rate：1ETH = 350000baic
50% Private placement
5% Consultants and Marketing