Rice Robotics, the firm within the support of the RICE AI platform, acknowledged this may per chance well well commence selling its RICE token on Aug. 5 thru the TokenFi Launchpad.
RICE will energy a decentralized files marketplace for AI-powered robots, which is piece of a broader effort to tokenize robotics files and scale decentralized physical infrastructure, or DePIN, the Hong Kong-based mostly firm acknowledged in a open.
The $750,000 presale represents 10% of the total 1 billion token provide, with a valuation of $7.5 million. Originate companions encompass BNB Chain, DWF Labs, and Floki, a memecoin ecosystem with over 700,000 holders and its own tokenization platform, TokenFi.
Rice Robotics is identified for its indoor self reliant provide robots, which will almost definitely be deployed at Softbank’s Tokyo headquarters, Mitsui Fudosan’s Tokyo Midtown Yaesu property and 7-Eleven Japan stores, where they integrate with the 7-Now provide app.
The firm is piece of the Nvidia Inception program and turned into once chosen for MVB Season 10, an accelerator co-hosted by BNB Chain, CoinMarketCap Labs and YziLabs.
In April, Rice Robotics and Floki presented the introduction of the Floki-branded Minibot M1, an AI-powered client robotic that runs on the RICE AI platform.
800 Minibot devices bought out in a 24-hour presale held in Would possibly per chance presumably also fair, CoinDesk reported. Owners would possibly be eligible for a RICE airdrop at token generation.
The token will underpin Rice’s decentralized robotics foundry, where companies and other folks can make a contribution staunch-world robotics files and gather token rewards. That files is bought to companies or labs wanting the truth is fair correct training sets.
In-rental foundation fashions educated on this knowledge would possibly be provided on a subscription foundation, with discounts for payments in RICE. The token will also lend a hand as a governance asset and incorporate a deflationary mechanism thru token burns funded by platform charges.
Earlier this year, the firm raised $7 million in pre-Sequence A funding from traders collectively with the Alibaba Entrepreneurs Fund, Soul Capital, Audacy Ventures, Sun Hung Kai & Co., and Cyberport HK.
It also won high honors at a BNB Demo Day tournament in Dubai, where Binance founder CZ turned into once a decide.
