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VAIOT Price

(VAI)

$0.002634
0.00%(5m)

1m5m15m1h8h1d1W
VAIOT (VAI) Live Price Chart

    VAIOT Live Price Data

    The live price of VAIOT is 0.002634, with a total trading volume of 3651672 in the last 24 hours. The price of VAIOT changed by +0.72% in the past day, and its value has increased by +4.39% over the last week. With a circulating supply of 396,600,000 VAI, the market cap of VAIOT is currently 1046615.32738128701940000000 , marking a +0.72% increase today. VAIOT currently ranks #1881 in market cap.

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    Note: This data is for reference only.
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    VAI(VAI) Profile

    altRank1881
    rate--
    Expand
    $0.002573
    $0.002699

    ATH
    $2.42208355
    Price Change (1h)
    -0.34%
    Price Change (24h)
    +0.72%
    Price Change (7d)
    +4.39%
    Market Cap
    24h Volume
    Circulating Supply
    396,600,000
    Max Supply
    400,000,000

    About VAIOT

    • What Is VAIOT (VAI) Crypto?

      VAIOT leverages the power of artificial intelligence (AI) and blockchain technology to develop Virtual Assistants (VAs) for use by businesses and consumers in multiple applications. The VAIOT personal assistant can be accessed on mobile devices using a convenient and natural user interface.

      Organizations and consumers can use VAIOT’s blockchain-powered AI assistants and on-chain Intelligent Contracts to experience the automation of services and transactions. They can enjoy higher speed, convenience, and cost savings powered by its innovative technology.

      In addition to offering unique mainstream use cases for blockchain and AI technologies, VAIOT-issued AI Tokens benefit from regulatory compliance. They are regulated under Maltese law as Virtual Financial Assets per the country’s Virtual Financial Assets Act (VFAA).

      VAI is the native token of the VAIOT ecosystem and is the platform’s digital currency. It is used to pay for goods and services offered by solutions running on the platform, provide incentives to users and nodes, serve as collateral for the network’s price-stabilizing system VVAS, and more.

    • How Does VAIOT Work?

      VAIOT is developed using a proprietary distributed network concept that merges AI and blockchain. All AI algorithms are processed on-chain, while the consensus mechanism is vital for creating Intelligent Contracts.

      The distributed nature of the blockchain ensures consensus among all nodes about the decisions made using AI. It also protects the VAIOT technology from any potential manipulation or influence from external forces.

      VAIOT’s AI utilizes IBM Watson components to provide machine learning capabilities. The platform leverages IBM Watson and its proprietary algorithms for most of its offerings, including AI Virtual Assistant and VAIOT Code Generation Engine.

      VAIOT was developed using Cosmos SDK and supports blockchain interconnectivity through the Inter-Blockchain Communication (IBC) protocol. In addition to interoperability, using Cosmos SDK for VAIOT’s development provides the platform with higher scalability and modularity. The Tendermint consensus mechanism allows the VAIOT network to keep its applications and data secure even if one-third of the nodes turn malicious or stop functioning correctly.

      The VAIOT Code Generation Engine (VCGE) uses AI technology to automatically convert an abstract description into an executable program on the blockchain. The same technology will then convert this executable code into an Intelligent Contract with high security and efficiency.

    • History of VAIOT and VAI Token

      The idea of VAIOT originated in 2017 among researchers and tech enthusiasts, who came together to found the company a year later. In H1 2019, VAIOT was incorporated in Malta to become a part of the world’s first integrated framework for ICO regulation.

      VAIOT completed its first successful funding round in Q2 2019, raising 1.5 million Euros to develop the project. In the year’s fourth quarter, VAIOT partnered with IBM on a development project to produce the company’s MVP.

      By Q2 2020, the company was ready to become one of the first regulated companies under the VFA Act to conduct an Initial Virtual Financial Assets Offering (IVFAO). In Q2-Q3 2020, VAIOT obtained VFA status, registered its whitepaper with MFSA, and concluded its private token sale.

      The VAIOT IVFAO launched in the third quarter of 2020. In the same quarter, the application on VAIOT and IBM’s collaboration on the MVP was complete.

      The company unveiled its Virtual AI Sales Assistant in Q2 2021 with Intelligent Contracts as a customized mobile app for businesses seeking new digital channels. The Virtual AI Insurance Aggregator & Broker mobile app was launched in the next quarter.

      In Q3 2022, VAIOT launched the Virtual AI Assistant for Consumers to let individual consumers use its solution as a personal legal assistant to create and negotiate contracts in real-time. VAIOT expects to migrate its platform and token from the Ethereum blockchain into a proprietary blockchain solution in 2023.

    FAQ

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    • How to Use VAI Cryptocurrency

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