BlockAIp Innovative Technology
A Decentralized Social Networking and Media Platform
BlockAIp will be a decentralized social networking and media platform powered by blockchain and backed by cryptocurrencies. First of all it is a social networking website with an encrypted messenger which will function in co-operation with an Artificial Intelligence (Felix). Secondly, the BlockAIp platform will be a true democratic media hub. There will not be an editor, the decision what’s fit to print is made solely by the community. Moreover all high-quality contents published by users will be paid by BlockAIp. Thirdly, the platform will work as a payment gateway with options to store and exchange cryptocurrencies, so that users will be able to pay for various goods and services, exchange money (crypto-fiat and vice versa) and withdraw it to bank accounts or payment cards around the world without limitation. And the last one, the BlockAIp platform will run a fully automatic personal loan service where users can borrow money (fiat) collateralized with several cryptocurrency assets.
A Decentralized Social Networking
and Media Platform
- • Based on its own Blockchain
- • High-level privacy and data security
- • Encrypted messenger
- • Secured, transparent and efficient
- • No editor, community decides what’s fit to publish
- • High-quality content is being paid
- • No limitation to freedom of speech
- • Multiple Cryptocurrency Wallets
- • Exchange
- • Personal Loan Service
- • No wallet fee
- • Bitcoin, Ethereum, Litecoin, Monero, Bitcoin Cash
- • Own cryptocurrency BAIP
- • Withdraw fiat to bank account or payment card
- • Only 3%/year interest rate
- • No requirement for credit scoring or verification of assets
- • Automatic confirmation of the loan within a couple of seconds
- • Up to $25 000
- • A P2P exchange for all cryptocurrencies
- • Low Exchange Commission 0.01%
- • Track and block all suspicious activities
Our team is working hard to create the next generation blockchain network which will open to public to participate as node freely. The BlockAIp Blockchain will be scalable to over 80 000 transactions per second, hundreds of millions of users and petabytes of storage while maintaining security, double spend protection and decentralization. It means that all data holds on our blockchain is highly secure, due to the cryptography which is inherent in its filing system in comparison with WhatsApp or FB Messenger where operator stores data of all conversations including images, videos and files. Moreover, nobody will be able to block user account due to a decentralized nature of the platform. Thus, the BlockAIp aims to make it convenient for non-tech individuals as well as for professionals (individual or business) to take an advantage of the true blockchain technology by serving as the user-friendly layers on top of the P2P network.
BlockAip will operate in conjunction with a self-taught Artificial Intelligence called Felix. It will be serving as a personal assistant like Siri or Cortana. Felix will be able to make an appointment, book and buy tickets, reserve dinners in restaurants, purchase virtual goods and pay users‘ regular bills. Furthermore, AI will be able to type messages, write stories or news, search for friends, groups, events, popular articles, videos, make calls, etc. Yet, Felix can become a friend to whom users can talk privately. Finally, Felix will not collect or store any information; its algorithm will allow it to work with data while it is still in encrypted state in cases when a private key-permission for AI was generated by users. Therefore, there is no contradiction to decentralized nature of the platform.
Social Networking Website
Simple user-friendly interface via Web App and Smartphone App. A High-secured encrypted messaging service (with inability for developers to read user messages). There is no way to block user account by operators. High-level privacy and data security will allow users to have an absolute control over their personal information that cannot be shared to third parties (see Facebook’s data breach) or stolen by hackers as a result of blockchain.
Felix can be your personal assistant as well as a best friend. AI can listen, talk, support, suggest, make appointments, book hotels, tickets, etc. It will be able to type messages, search for popular articles and offer interested subjects. Its algorithm will allow it to work with data while it is still in an encrypted state in cases when a private key-permission for AI was generated by users.
No an editor, the decision what’s fit to print is made solely by the community. Media Content is being paid. Users can earn cryptocurrency and fiat for their posts, pictures, music and videos. Users will be able to report on matters they deem important and wish to communicate to the public.
No centralized storage for any part of the User Data. All User Data is stored in the Blockchain (decentralized) in comparison with WhatsApp of FB Messenger where operator stores Data of all conversations including images, videos and files. The BlockAIp blockchain will interact with various blockchains, so that users can monitor their balances, send money and conduct other operations.
Multiple Cryptocurrency Wallets
Convenient and secured cryptocurrency wallets for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Monero and BAIP (BlockAIp Token). Ability to buy/sell, store and send a multitude of cryptocurrencies. All private and public keys of other blockchains will be kept in the BlockAIp Blockchain in the encrypted state. This means that nobody has any power over users’ data.
An Encrypted messenger. Pay online and offline for your bills or regular payments. Send money to any bank accounts and payment cards around the world, without limits or restrictions.
A decentralized lending ecosystem. Users will be able to take a personal loan in fiat (USD, Euro, British Pound) up to $25 000 collateralized with several cryptocurrencies assets. Automatic confirmation within a couple of seconds. No requirement for credit scoring or verification of assets. An option to withdraw borrowed assets to bank accounts or payment cards.
A P2P exchange for all cryptocurrencies available on the platform. Once a certain cryptocurrency turned into fiat, it could be sent to bank accounts or payment cards either through the system or its mobile application. The exchange fee in amount of 0.01% for all cryptocurrencies of the platform except the BlockAIp Token (BAIP).
1 000 000 000
TOKEN ON ICO SALE
700 000 000
$38 000 000
$4 000 000
PRICE PER TOKEN
PRIVATE SALE START
- To build better products for the industry and the people in it;
- To provide users with a decentralized social networking and media platform with highly-encrypted messenger;
- High-quality content will be duly paid by BlockAip;
- To create convenient and secured multiple cryptocurrency online wallets;
- To create an exchange service which will make it easier to convert cryptocurrency to fiat within a few seconds;
- To make available a personal loan up to $25 000 for each ‘bona fide’ user;
- We are planning to attract more than 20 million potential users by the end of 2019;
- To invent the platform for freedom of expression, access to information and privacy is fundamental human rights that should be respected on the Internet as well as in real life. Through BlockAIp, we want to demonstrate that it is possible to achieve this by enshrining basic human rights in code and approaching things differently;
- To achieve up to $38 000 000 in a Token sale;
- To negotiate the BAIP token listing on leading crypto-trading platforms;
- To create the most convenient and secured platform ever existed;
What investors will get?
Token holders will benefit from the token growth. Token will be listed on several exchanges simultaneously, which will increase the price of BAIP due to growing demand.
of all Revenue
Token holders will receive 50% of the revenue derived from all income of the system such as exchange fees (crypto-fiat), income from advertisement cost and commission on personal loans (except loans from other users). Dividends on BlockAIp Tokens (BAIP) are to be distributed among their holders based on the quantity of tokens owned.
BlockAIp guarantees the token buyout from its holders (see buyout guarantee in whitepaper).
The Birth of the BlockAIp Idea
Assembling the Team and Developing Initial Idea
Started researching blockchain technology
Team Expansion and Detailed Concept Creation
Preparation for Platform Development
Created the First Draft of Whitepaper
Final Preparations of the Token sale
Whitepaper Public Release
Start Token Pre-Sale
Starting of Blockchain Testnet and Optimizations
Starting of Blockchain Mainnet
Presentation of MVP
Platform Release. Full-Functionalaty Operating Platform in cooperation with AI
Building of Custodial and Other Banking Relationships with Financial Services and Institutions
Release of BlockAIp Mobile Application for IOS and Android
Marketing of the Platform and Customer Attraction
Starting BlockAIp Personal Loan Service
Frequently Asked Questions
BlockAIp is a decentralized, innovative social networking and media platform where anyone can chat privately, write a new story about a topic of their choice and read news on the issues they care about. The platform has no editor deciding what’s fit to print and the decision is made solely by the community. In addition, the BlockAIp platform will offer various services such as multiple cryptocurrency wallets and personal loans.
What does name BlockAIp mean?
BlockAIp is an abbreviation of Blockchain Artificial Intelligence Platform.
What AI does?
As a personal assistant, Felix will be able to make appointments, manage schedules, book and buy tickets, reserve dinners in restaurants, buy goods online and pay users‘ regular bills (once it’s provided with a private key-permission from users). Furthermore, apart from organizing users‘ life, AI will be able to type messages, search for friends, groups and events. Felix will also search for popular articles, videos and write stories or news on user’s behalf.
The next generation blockchain network which will open to public to participate as node freely. It will be scalable to over 80 000 transactions per second, hundreds of millions of users and petabytes of storage while maintaining security, double spend protection and decentralization.
What are the BAIP tokens?
BAIP is the exclusive token of the BlockAIp platform based on the Delegated-Proof-of-Stake (DPoS) algorithm. Inside the platform it will be used for rewarding content contributors and paying for various goods and services. Our blockchain will have to generate a 5% natural inflation per year. This will be distributed to the platform’s block producers in connection with their confirmation of transactions on the platform. Therefore, transactions in the BlockAIp network will not have a commission and will be quickly implemented within a second.
When will the crowdsale begin?
The crowdsale will start in September 2018 and last until the earlier of 90 days, or until $38M are collected.
How much is Hard Cap and Soft Cap?
The crowdsale goal is to reach $38M (Hard Cap), with a minimum goal of $4M (Soft Cap). If $4M isn’t reached, the transferred funds will be returned to buyers and early investors.
What currencies are accepted in the Token sale?
The accepted currencies are Bitcoin and Ethereum.
What will the funds be used for?
The money is expected to be used mainly for the platform development, team and marketing; the rest of the funds will be used to cover administrative and legal expenditures (see ICO terms).
Why don’t we use a smart contract?
At the moment, we made a decision do not implement smart contracts for the following reasons:
Human factor: People write the code and can make mistakes. If the smart contract is in the Blockchain, it doesn’t change. A good example of a human error is The DAO. Thus, developers’ mistakes in the code proved costly for the users and some hackers exploited errors and stole about $60 million.
Flexibility: Smart contracts do not have the flexibility. The technology of the blockchain is built in such a way that it does not allow changing the data. The previously created blockchain smart contract cannot be replaced any data or edited.