Founded in 2018, VAIOT is at the forefront of combining artificial intelligence and blockchain technology to transform how businesses and consumers access services and conclude legal agreements. Regulated under Malta's Virtual Financial Assets framework since 2020, VAIOT's innovations have been vetted and approved by esteemed bodies like Grant Thornton and the Malta Financial Services Authority (MFSA). Through Intelligent Contracts, VAIOT acts as a personal assistant on mobile devices, offering AI-driven legal services via an intuitive interface. As it provides a novel service-distribution channel that caters to modern customers, VAIOT is reshaping how digital services are accessed and utilized. Discover more at www.VAIOT.ai and delve into the future of intelligent digital services.

The Purpose and Utility of the VAIOT Crypto Token

The VAIOT crypto token is the native digital asset of the VAIOT platform, which offers a portfolio of blockchain-based AI Assistants and on-chain Intelligent Contracts for businesses and consumers to provide automated services and transactions. The token serves as a means of payment and value transfer within the VAIOT ecosystem, enabling users to access and utilize the AI-driven services and intelligent contracts provided by the platform.

Solving Traditional Contract Management Issues

The VAIOT token aims to solve the problem of inefficiency and complexity in traditional contract management and customer service processes by leveraging AI and blockchain technology. The token is designed to facilitate faster, easier, and more affordable automated services and transactions, addressing the drawbacks of existing blockchain solutions such as Bitcoin, which rely on proof-of-work and consume massive amounts of electricity, have low throughput, and slow confirmation times.

By migrating the VAI Token to its proprietary Blockchain solution based on the Cosmos SDK, VAIOT aims to address these drawbacks and provide a more efficient, secure, and user-friendly platform for AI-driven services and intelligent contracts. The VAIOT token thus addresses the specific use case of improving the efficiency and accessibility of automated services and transactions, particularly in the context of AI-driven solutions and intelligent contracts.

Tokenomics and Distribution Model

The VAIOT crypto token has a total supply of 400,000,000 tokens, with 333,528,938 tokens currently in circulation. The maximum supply cap is equal to the total supply, as there is no additional token creation beyond the initial 400,000,000 tokens.

Token Distribution

The token distribution model is as follows:

• Ecosystem: 10% (40,000,000 VAI)
• Team: 15% (60,000,000 VAI)
• Private sales: 30% (120,000,000 VAI)
• Staking rewards: 25% (100,000,000 VAI)
• IVFAO participants: 2% (8,000,000 VAI)
• Advisors: 6% (24,000,000 VAI)
• Partners: 12% (48,000,000 VAI)

Vesting Periods and Lock-Ups

The tokenomics of VAIOT include vesting periods and lock-ups for tokens held by various parties. The token allocation is the percentage of tokens distributed among different stakeholder groups within the crypto project. For instance, the team's tokens are vested for a 10-year period starting from February 2021.

The unlock schedule for VAI tokens is as follows:

• Staking: 100.00mVAI (25.0%)
• Team: 60.00mVAI (15.0%)
• Partners: 48.00mVAI (12.0%)
• Ecosystem: 45.50mVAI (11.4%)
• Private Sales: 120.00mVAI (30.0%)

Mechanisms to Control Inflation

To control inflation, VAIOT has implemented token burning and staking rewards mechanisms. Token burning is a strategy where a certain number of tokens are intentionally removed or "burned" from circulation, reducing the total supply. By reducing the supply, and assuming demand remains constant or increases, the token's price can potentially rise due to basic supply and demand principles. Projects may use this mechanism to control inflation, incentivize certain behaviors, or stabilize the token's value.

Staking rewards are another mechanism to control inflation. Staking rewards are incentives given to token holders who participate in staking, which is the process of holding and securing the network by validating transactions. By providing staking rewards, it encourages token holders to hold their tokens for longer periods, reducing the circulating supply and potentially increasing the token's value.

Unique Features and Benefits

The VAIOT crypto token is a Virtual Financial Asset (VFA) that serves as a utility token for the VAIOT platform, which integrates artificial intelligence (AI) technologies into its operations. The VAIOT platform offers a portfolio of blockchain-based AI Assistants and on-chain Intelligent Contracts for businesses and consumers to provide automated services and transactions.

Proprietary Blockchain

VAIOT is developing its own proprietary blockchain based on the Cosmos SDK, which will be combined with AI algorithms to create VAIBC technology. This will address some drawbacks that existing blockchains have suffered from, such as high energy consumption and low throughput.

Migration Process

The VAIOT project will start by using the ERC-777 standard on the Ethereum network for the Initial VFA Offering. Later, VAI Tokens will be migrated to the proprietary blockchain solution, which will provide improved functionalities and address the drawbacks of existing blockchains.

AI Integration

VAIOT's AI-driven services are designed to provide faster, easier, and more affordable automated services and transactions for businesses and consumers.

Regulation

VAIOT is a VFAA-regulated digital asset, which means it complies with the Virtual Financial Assets Act, providing a level of security and trust for users.

Multi-Chain Compatibility

VAI Tokens are available on both the Ethereum and Polygon networks, providing flexibility and accessibility for users.

The Team Behind VAIOT

The team behind the VAIOT crypto token is an interdisciplinary group of professionals with backgrounds in blockchain, AI, marketing, and legal services. Here are the core team members and their qualifications:

Daniel Lenikus

Daniel is an entrepreneur from Vienna, Austria, who has been involved in the blockchain and crypto space since early 2017. He is an experienced professional responsible for operational activity management and a lawyer specializing in corporate law, personal data protection law (GDPR), and new technology law. Daniel has acted as a proxy and legal advisor to the management board in the joint-stock company Veriori and has supported product development in regards to GDPR at UseCrypt S.A. He also runs his own business, providing legal services, training, management, and consulting services with a special focus on startups.

Gisele Schout

Gisele is a marketing expert from the Netherlands, currently residing in Bogota, D.C., Colombia. She has worked for several blockchain startups as a content specialist and marketing expert throughout her career. Her specializations extend to public relations, digital marketing, and developing marketing funnels. At VAIOT, she is responsible for planning, executing, and