Rice Robotics to Debut RICE Token for AI Data Marketplace on TokenFi Launchpad

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Rice Robotics, the corporate behind the RICE AI platform, stated it’s going to begin promoting its RICE token on Aug. 5 through the TokenFi Launchpad.

RICE will energy a decentralized information market for AI-powered robots, which is a part of a broader effort to tokenize robotics information and scale decentralized bodily infrastructure, or DePIN, the Hong Kong-based firm stated in a launch.

The $750,000 presale represents 10% of the full 1 billion token provide, with a valuation of $7.5 million. Launch companions embody BNB Chain, DWF Labs, and Floki, a memecoin ecosystem with over 700,000 holders and its personal tokenization platform, TokenFi.

Rice Robotics is understood for its indoor autonomous supply robots, that are deployed at Softbank’s Tokyo headquarters, Mitsui Fudosan’s Tokyo Midtown Yaesu property and 7-Eleven Japan shops, the place they combine with the 7-Now supply app.

The firm is a part of the Nvidia Inception program and was chosen for MVB Season 10, an accelerator co-hosted by BNB Chain, CoinMarketCap Labs and YziLabs.

In April, Rice Robotics and Floki introduced the introduction of the Floki-branded Minibot M1, an AI-powered shopper robotic that runs on the RICE AI platform.

800 Minibot items bought out in a 24-hour presale held in May, CoinDesk reported. Owners will probably be eligible for a RICE airdrop at token era.

The token will underpin Rice’s decentralized robotics foundry, the place firms and people can contribute real-world robotics information and obtain token rewards. That information is bought to firms or labs needing specialised coaching units.

In-house basis fashions educated on this information will probably be provided on a subscription foundation, with reductions for funds in RICE. The token may also function a governance asset and incorporate a deflationary mechanism through token burns funded by platform charges.

Earlier this 12 months, the corporate raised $7 million in pre-Series A funding from traders together with the Alibaba Entrepreneurs Fund, Soul Capital, Audacy Ventures, Sun Hung Kai & Co., and Cyberport HK.

It additionally gained prime honors at a BNB Demo Day occasion in Dubai, the place Binance founder CZ was a choose.

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