AMA June 18th, 2021 | Crypto Players India x aiRight

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aiRight

9 min readJun 22, 2021

On 18/06/2021, the Oraichain team held an AMA on the Crypto Players India community with the attendance of our CEO and SamOrai Ambassador. We are glad that new communities are discovering aiRight and Oraichain. Now, we are pleased to recap the main content of the AMA.

Oraichain team attendees:

Dr. Chung Dao, CEO of Oraichain
Tyree Robinson, SamOrai Ambassador of Oraichain

Introduction:

[Dr. Chung]: I am Chung. I am the CEO and Co-founder of Oraichain, the world’s first AI-powered oracle and ecosystem for blockchains. I received my Ph.D. from the University of Tokyo in 2017. Recently, I have led the technology of Oraichain to the development of aiRight, a complete system for AI x NFT x DeFi. The aiRight system brings multiple innovations to the NFT market including NFT originality proof platform with AI and NFT tokenization launchpad for artists. I am also a co-founder of Rikkeisoft, a top-10 software development company in Vietnam.

[Tyree Robinson]: Hello! I’m Tyree. I received my BFA from Carnegie Mellon University in 2010. I am a business owner, artist, and writer. I have joined the aiRight and Oraichain as a proud SamORAI Ambassador. As an actor, I have shared the screen with some legends, such as Steve Buscemi, Michael K Williams, and Jeffrey Wright. I have been working closely with the team to connect aiRight and all of the great advantages it has to offer to the many NFT artists and collectors that need it. I am looking forward to sharing with your community today!

Q&A with Crypto Players India

Crypto Players India: Please tell us what exactly aiRight is & some of the most noticeable features Oraichain team has packed inside aiRight, in some words!

Tyree Robinson: aiRight is the world’s first complete system for AI x NFT x DeFi. It is launched as of May 31 at https://airight.io/

The current running features on aiRight includes:

1. AI Generator: Creating artworks and instantly securing copyrights

2. Marketplace: Selling and collecting NFTs effortlessly on Oraichain

3. Gallery: Showcasing collections and artistic cultures of multiple artists

4. Farming: Tokenizing galleries and facilitating mining pools

5. AI Oracles: Verifying uniqueness of NFTs with the world’s first largest NFT database and applying for AI Oracle services to integrate into your platforms (link: https://airight.io/original-check)

Oraichain has developed its own AI Oracles to scan for similarity and originality on-chain, preventing inauthentic work from being minted on platforms implementing our oracle services. aiRight has both US and International patents pending. The AI Oracle tools will further enhance the ability of NFT X DeFi platforms to prevent fraud and infringement. We’re dedicated to growing our database, both on and off-chain, and making our AI Oracle services available to all platforms that wish to deploy it.

Dr. Chung: We are crawling all NFT data. We have a 2.5M database of NFTs now.

2. Crypto Players India: How can aiRight compete with other NFT projects? What makes you more outstanding above them?

Dr. Chung: There are several features that make aiRight stand out of other projects:

1. aiRight NFT marketplace ensures the quality of listed NFTs: highly original, not including restricted content such as NSFW. The verification of NFT content is automatically done by AI models.

2. aiRight supports cross-chain swapping among different blockchain networks.

We support BSC and Oraichain mainnet now. But ETH, Polkadot, and Polygon will be supported soon.

3. aiRight NFT Gallery implements NFT tokenization (fractional ownership) by introducing NFT galleries.

4. aiRight provides farming options for NFT gallery owners and AIRI holders.

5. Unlike many NFT projects, aiRight is fun! Try our AI Generators to create artwork and explore all of the possibilities. We will continue to add many models and eventually allow individual data scientists to contribute their models to aiRight.

aiRight will compete with other NFT projects to be the most complete system for NFT services.

Tyree Robinson: I’d also like to add, the aiRight team is ready to lead the adoption of our unique products inviting artists, collectors, and even small businesses to take advantage of our amazing tools. We will be opening submissions for our NFT Tokenization Launchpad soon!

3. Crypto Players India: We heard $AIRI, is the multi-purpose token of aiRight. When will it be available and what is the initial price?

Tyree Robinson: $AIRI will be listed on PancakeSwap tomorrow at 15:00 UTC.

The initial price is $0.0025 per AIRI token.
The initial market cap is $350,000.

The last time I checked price is $0.0053 and the current MC is just $750,000. You can also farm AIRI on aiRight.

Dr. Chung: It was a fair launch. There is no private sale and IDO.

4. Crypto Players India: When can we farm AIRI on aiRight? And what are farming options?

Dr. Chung: You can farm on aiRight: https://airight.io/nft-farming

👉 Farming AIRI/BNB: est. 345% APR

👉 Staking AIRI: est. 145% APR

We have a special gallery token named SamORAI. You can farm it as well (1200% APR). One more thing, there is no lock and you can claim reward (AIRI) in real-time.

5. Crypto Players India: What is the NFT gallery and farming on aiRight?

Tyree Robinson: We consider our gallery an “NFT Tokenization Launchpad for Artists”. The NFT gallery feature helps to tokenize NFTs and make non-fungible assets more tradable and accessible. Users can quickly create an NFT gallery and sell/buy the gallery tokens.

Gallery token holders can benefit from Yield Farming on BSC. aiRight supports Gallery owners to create the gallery token/BNB pair on PancakeSwap and add liquidity to the pair via our Farming feature. The gallery token/BNB liquidity providers receive CAKE-LP tokens and then deposit the LP tokens to the corresponding farming vault to receive AIRI rewards.

We intend to make aiRight’s NFT Tokenization Launchpad the premiere fundraising resource for NFTs. Participants accepted will receive one on one technical support to open their gallery and issue the gallery token, material support in the form of initially locked liquidity to list their gallery token on Binance Smart Chain, and design support to create a unique and impressive gallery interface. We will also regularly feature these galleries on the aiRight homepage.

We will be announcing our first celebrity gallery soon! Stay tuned to Oraichain and aiRight Official Telegram channels for up-to-date information.

Dr. Chung: Our gallery is a combination of NFT and DeFi.

6. Crypto Players India: You offer airless transactions for NFT owners and many possibilities for NFT owners, NFT scores, trustless NFT loans, and NFT income vault. But, how much does it cost on your platform?

Dr. Chung: Yes, our combination of NFT and DeFi can help to open many business opportunities for both artists and NFT holders.

In the beginning, the fee of AI copyright service and gallery is nearly 0. After that, we collect different fees including exhibition fee, NFT lending fee, and viewing fee as well.

A portion of those fees will be used to buy back AIRI and burn.

For artists and celebrities, we will share up to 80% of revenue on our gallery and platform. Our AI request is paid in AIRI or ORAI. The fees will be cheap since it is using our Oraichain mainnet.

Tyree Robinson: aiRight is also offering an exclusive deal to projects that will integrate our unique AI Oracle services to increase the reliability of their platform. So if you are listening, Rarible, now is the time!

7. Crypto Players India: Farming is also trending right now and you’re incorporating farms and NFT’s into the aiRight ecosystem!? This is where a whole other token $SamORAI comes into play. Can you tell us more about why this token is so important and what role and use case it will have within the aiRight ecosystem?

Tyree Robinson: The $SamORAI token is only the first of many tokenized galleries to come and exemplifies the functionality of our Gallery ecosystem. Holders of the NFTs from this gallery have access to exclusive offers, including lifetime aiRight services for free and APY boost for AIRI farming!

The $SamORAI inflation cycle is only 5 weeks, so all tokens of that gallery will be in circulation soon. After rewards will switch to AIRI!

Q&A with Community

What are your upcoming plans and goals? Do you have any top priorities for 2021 in the roadmap?

Dr. Chung: We have here in our whitepaper.

With full features deployed now, we are looking for artists and celebrities who will use our AI copyright and gallery.

NFT price feed is in Q3.

2. How did aiRight survive during the long bear market? What your team strategy to gain more Adoption?

Dr. Chung: We have a complete product that is offering business services now. Service fees on our platform will help us to keep the business.

3. What are your tokenomics? What are the circulation supply and any tokens left for the team?

Dr. Chung:

We use 15% of AIRI emission each block for our development.

4. Do you have a Token Burning plan to increase Token value and attract Investors to invest?

Dr. Chung: AIRI buyback and burn: when the aiRight system operates, a portion of profits which are gained in form of service fees (NFT marketplace, gallery, and farming) will be used for AIRI buyback and these tokens will be burned too. This is to create greater deflationary pressure and value of AIRI tokens.

5. How, or through which big partnerships do you plan on utilizing to pass your product onto the normal — especially non-crypto people?

Dr. Chung: Our Ai filter and gallery services will attract non-crypto people. We are developing a mobile app for aiRight as well. It helps to approach both crypto and non-crypto users.

About aiRight

aiRight is the world’s first complete system for AI x NFT x DeFi. Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.

Oraichain is proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.

Website | Twitter | Telegram

About Oraichain

Oraichain is a data oracle platform that aggregates and connects Artificial Intelligence APIs to smart contracts, serving as a foundational base for the creation of new Dapps leveraging AI technologies. Oraichain is the world’s first AI-powered oracle aiming to revolutionize the AI, DeFi, and Blockchain industries.

Unlike regular oracles that use raw data, Oraichain’s AI oracle uniquely uses AI APIs to consume or create data on the fly via virtual machines on smart contracts. Data quality, reliability, and security are enhanced by using test cases, which help to avoid intermediaries, increase trust and open up unprecedented application functionalities. AI-powered oracles create a new generation of smart contracts.

Beyond data oracles, Oraichain interconnects Artificial Intelligence and Blockchain technologies. With AI as the cornerstone, the Oraichain ecosystem contains an AI API marketplace, a Data & Request Hub, Publisher Service, Training Service, and Dapp Hosting.

Oraichain network provides the infrastructure and consensus mechanisms for Blockchain and AI training. These interconnected ecosystems accelerate the development of Web3, DeFi, enterprise, and academia applications. yAI.finance is the first use case of Oraichain, a DeFi platform using unique AI-based features and strategies. Oraichain AI Marketplace offers AI products and APIs with the goal of becoming the one-stop shop for Artificial Intelligence services.