Source: ACT official website, Binance announcement, X compiled by Jinse Finance
On November 11, 2024, Binance announced that it will launch Act I: The AI Prophecy (ACT) at 18:00 and open the USDT spot trading pair. The deposit channel is currently open, and the withdrawal channel is expected to be opened at 18:00 on November 12. After the announcement, ACT experienced a surge, with an increase of 422.54% within 1 hour, and the market capitalization rose from $20 million to $240 million, with the token price increasing by more than 10 times in 10 minutes.
What is $ACT: AI Community Token?
$ACT represents the "AI Community Token", whose story is about the journey of resilience, unity, and growth, aiming to connect the cryptocurrency community. The original intention of the $ACT project is to create a decentralized community focused on promoting AI research, education, and collaboration. Through $ACT, enthusiasts, developers, innovators, and community members gather together to promote AI knowledge, making AI more widespread and empowering people to understand and participate in this transformative technology.
How does Act I: The AI Prophecy Project (ACT) work
Act I: The AI Prophecy Project is an interactive platform where people and AI chatbots can converse and collaborate in real-time. The project was initiated by a group of developers, hosted on the Discord server Cyborgism, allowing users to interact with multiple chatbots simultaneously, handling a range of issues from simple questions to complex storytelling, role-playing, and character-building activities. This approach differs significantly from the typical goals of chatbot creators like OpenAI or Microsoft, who usually aim to make AI assistants "useful, harmless, and honest". Act I focuses on a more creative and open-ended approach, allowing users to freely push the boundaries of AI and explore its potential beyond the usual constraints.
Getting started is easy. Users only need to input "@" followed by the chatbot's name to "ping" or mention the chatbot. This feature allows users to call one or more chatbots at a time, and if requested, they can also respond to each other, creating dynamic conversations. Each channel on Discord serves as a separate conversation space, providing enough contextual information for the chatbots to engage, but they do not retain memory across the entire server.
Act I also allows users to guide the conversation in unique ways, such as by prefixing messages with a period to hide the bot's responses, or by continuing the bot's response when interrupted midway. Some bots, like certain Claudes, even have multimodal capabilities, meaning they can "see" the images sent, while other bots may creatively interpret images they cannot actually see.
Users can "star" their favorite messages and share them publicly, adding another community layer to the experience. By using emojis, unique formatting, and other techniques, Act I encourages users to explore how chatbots can "go out of distribution" (OOD), meaning breaking out of their typical responses and uncovering new AI potentials.
Ultimately, Act I: The AI Prophecy Project allows people to creatively explore AI interactions while providing a novel collaborative environment, opening up new possibilities for the use of AI beyond the familiar one-on-one assistant model.
The story of AmplifiedAmp and ACT I
The creators of Act I are known by online aliases such as AmplifiedAmp and AIHegemonyMemes, who share a vision of building a decentralized AI ecosystem. AmplifiedAmp is seen as a leading figure, often providing insights on how to maintain decentralized control and promote community engagement. Many other contributors in the community, including AndyAyrey, YagamiTailor, and NeptuneSailor0x, have contributed by supporting new ideas, guiding AI model development, and exploring technological advancements.
Amp promised the community that the project would aim for a decentralized, community-driven ecosystem. As a funding source for the project, Amp held 6% of the total $ACT tokens. However, as the project progressed, Amp's behavior began to deviate from the original intent, frequently selling $ACT tokens for personal gain, leading the community to believe that he was more focused on his own interests. Ultimately, Amp sold all of his $ACT tokens in a single transaction, disappointing the community and leaving many members feeling betrayed.
At the time of Binance's announcement to list ACT, the co-creator of The AI Prophecy, Amp, publicly posted on Twitter stating: "The ACT project has not been approved by me, and I do not want it to be listed on any exchange."
The mission of $ACT
After Amp's departure, the $ACT community became more united and embraced the opportunity for self-development. Despite the setbacks, ACT I ultimately received over $1 million in funding support, providing a stable financial foundation for the project. Community members enthusiastically took on leadership responsibilities, collaborating to make $ACT a hub for global AI enthusiasts and learners.
Today, the $ACT project has evolved into a decentralized AI community, with the core mission of democratizing AI knowledge and making it accessible to all. Through various initiatives, resources, and community-driven content, $ACT is committed to breaking down the barriers to AI knowledge and helping the public understand AI. The community focuses on supporting AI education, encouraging ethical discussions, and supporting research and development in this field.
Key components of the $ACT ecosystem
Education and awareness: $ACT is dedicated to helping people understand the potential and risks of AI, ensuring widespread knowledge.
Decentralized community: After Amp's exit, $ACT became a fully community-driven project, with all decisions made collaboratively by community members. Anyone can join the $ACT community, participate in the crypto and AI ecosystem, and support related educational efforts.
AI project support: Through ACT I and other initiatives, $ACT supports AI development efforts, driving innovation and learning opportunities.
Future development vision
Due to Amp's departure, the $ACT community is no longer subject to centralized control. This "betrayal" has become an unexpected advantage, granting the community complete autonomy and providing ACT I with millions of dollars in funding. The community members have embraced this new starting point, expressing pride in their self-governance and resilience.
Today, $ACT is more than just a token or a project; it represents the power of the community, education, and a shared vision. After breaking free from Amp's influence, the community has come together to drive the widespread adoption of AI knowledge, committed to leaving a positive impact on the technological future. $ACT represents a self-owned, self-managed, and self-inspired AI-driven cryptocurrency community.
