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Lightchain AI, a venture dedicated to creating a decentralized artificial intelligence platform, has successfully secured over $2.2 million in its current presale. This funding achievement occurs merely a week after the presale commenced.
Source: Lightchain AI channel on Telegram
As stated on the Lightchain AI website, the organization aims to meet the increasing demand for scalable and decentralized AI solutions as the reliance on AI models grows.
By utilizing the transparency and decentralization of blockchain technology, Lightchain AI intends to provide a solution that enhances scalability, privacy, and fairness in the development of AI.
Decentralized AI and Core Innovations
The infrastructure of Lightchain AI is built upon three fundamental innovations:
- Proof-of-Intelligence (PoI) consensus
- AI Virtual Machine (AIVM)
- Transparent AI Framework
The PoI consensus mechanism employs AI to verify transactions, allocating modular tasks—such as training machine learning models or executing inference operations—to participating nodes according to their computational capacity. Nodes receive LCAI tokens as rewards for their contributions, with cryptographic proofs ensuring precision without revealing sensitive information.
The AIVM enables developers to launch AI-driven decentralized applications (dApps) on the blockchain, incorporating advanced computational features to develop data-centric applications. Simultaneously, the Transparent AI Framework guarantees that AI decisions can be audited and clarified, fostering trust and accountability.
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Lightchain AI’s platform aspires to tackle challenges such as scalability, energy efficiency, and data privacy while allowing AI applications to address real-world issues securely and transparently.
Presale Progress and Next Steps
The presale for Lightchain AI’s native token, LCAI, is currently in its sixth stage. At this point, the token is valued at $0.003, with the price expected to rise to $0.003375 in the subsequent phase.
We’re launching our DAO & Staking in less than 24 hours, join the #LIGHTCHAIN today. https://t.co/l5lZ0p57rr pic.twitter.com/MeF2wX6BSt
— Lightchain AI (@LightchainAI) December 15, 2024
The token developers have already submitted requests for listings on CoinMarketCap and Coingecko.
Hi Coinmarketcap this is our Public Verification Request ID 1030258 / 1035602 to add Lightchain AI to CoinMarketcap
— Lightchain AI (@LightchainAI) December 16, 2024
The capital raised will aid Lightchain AI in its mission to create a decentralized AI ecosystem capable of supporting next-generation applications.
As the AI sector continues to grow, Lightchain AI positions itself as an infrastructure provider that merges blockchain transparency with AI’s computational capabilities, aiming to resolve scalability, data privacy, and trust challenges.
The post Lightchain AI Raises $2.2 Million in Presale for Decentralized AI Platform appeared first on Cryptonews.
