AI is disrupting the global technology, finance, and innovation landscape with unstoppable momentum. Since the release of ChatGPT, generative AI has become a mainstream narrative within a year, sparking great investor interest in large language models (LLMs) and AI applications. According to data from the International Finance Forum (IFF), as of 2024, global AI startups have attracted over $120 billion in funding, with $35 billion raised in the first half of 2024 alone.
This AI craze is gradually impacting the Crypto market, especially in the field of AI-related crypto projects and tokens. Currently, the total market capitalization of AI crypto tokens has exceeded $43 billion, far exceeding other tracks. For users, AI Memecoin PvP has become the most intuitive way to engage with "AI+Crypto". From the "Self-talk about Meme" published by Truth Terminal on the X platform, to the phenomenal success of the Meme coin GOAT, to the emergence of projects like ACT, ai16z, ELIZA, and Virtual Protocol, AI Meme has driven innovative applications of AI Agents in on-chain token issuance, community governance, DAO management, and autonomous trading.
At the same time, industry giants are also moving quickly. For example, OpenAI plans to launch a tool called Operator, an AI Agent that can autonomously complete computer tasks based on user instructions, marking the formal entry of AI Agents into the crypto ecosystem. ACT and ELIZA have explored new possibilities for on-chain governance, while ai16z and Virtual Protocol have become industry highlights with their innovative autonomous trading capabilities, further driving the development of the on-chain AI agent narrative.
Nevertheless, the narrative of on-chain AI Agents is still in its early stages. Similar to the eve of the DeFi Summer in 2020, the fusion of AI+Crypto faces many gaps in infrastructure and technology. As a pioneer in this field, REVOX is committed to building a decentralized AI Agent infrastructure, playing the role of an operating system to connect AI developers with decentralized computing resources, and driving the deep integration of "AI+Crypto" towards the next technological wave.
I. The On-chain Operating System for the AI Agent Era: REVOX's Visionary Outlook
In the current AI ecosystem, the well-developed centralized ecosystems of models like ChatGPT and Runway dominate, while decentralized AI projects like Bittensor and IO.net, though highly anticipated, have seen limited real-world application. REVOX has identified this pain point:
Web3 needs an AI Agent infrastructure as a shared interface to connect developers and decentralized computing resources.
"AI is like the iPhone back then, LLMs are the factories manufacturing the hardware, and REVOX is the operating system, providing developers and users with a seamless AI-Agent experience," said Troy Hua, co-founder of REVOX.
On-chain AI agents require a lot of infrastructure to fill the gaps, and REVOX is committed to being the protocol for AI agent infrastructure, changing the creation of decentralized AI applications through autonomous agents. REVOX supports the creation of customizable AI agents to address various scenarios and challenges. Adhering to the principle of decentralization, REVOX can provide developers, organizations, and individuals with an independent environment to develop and deploy any data source and API.
(1) Centralized AI, Integration Difficulties, and Lack of Incentives: The Existing Pain Points of AI Agent Protocols
Currently, executing AI agents on the blockchain is complex and incomplete, but on-chain AI agents are also the key to realizing decentralized AI applications. Many dApps rely on off-chain AI services to handle complex computations and data management, effectively introducing centralized elements into the decentralized ecosystem, which also brings potential vulnerabilities. This not only goes against the spirit of decentralization but also limits the security of AI when directly interfacing with assets and financial-related functions.
Furthermore, basic dApp components such as wallet integration, transaction management, and smart contract execution are still largely disconnected from the rapidly evolving AI, hindering the seamless integration of AI and dApps, and affecting their innovation, adaptability, and intelligence. More importantly, decentralized AI protocols currently lack a strong and reliable incentive mechanism, leaving developers without sufficient motivation to explore and build the potential of an interoperable AI Agent ecosystem.
(2) Decentralized AI Agent Infrastructure: REVOX Fills the Critical Gaps
To address these challenges facing decentralized AI, REVOX has introduced a series of solutions:
1. Scalable On-chain AI Based on Smart Contracts: REVOX can enable smart contracts to directly execute AI reasoning on the blockchain. By keeping key computations on-chain, it has introduced DPrompt, a key component for on-chain AI reasoning across the network. DPrompt achieves smart contract integration in two ways: one is to record AI requests on-chain, then have designated AI providers process the requests and stake REVOX tokens as collateral to receive the requests and return the responses to the DPrompt smart contract; the other is based on zkML (zero-knowledge) and opML, which focuses on creating proofs that allow efficient challenging or verifying of AI computations, reducing the resource consumption required to run them, while also enhancing the trust and integrity of AI outputs, which are essentially also "AI+Crypto" concepts.
2. Seamless Integration of AI Agents into Web3: REVOX transforms basic Web3 components like wallet integration and smart contract invocation into AI agents. These agents are also dynamic, intelligent on-chain participants that can execute complex tasks, make decisions, and interact with other components in the ecosystem, making dApps more intelligent, autonomous, and able to provide users with better personalized experiences.
3. Developer-Friendly Intelligent Agent Framework: REVOX provides a flexible framework for developers to interact with different AI agents, allowing them to coordinate various agents, each with expertise in a specific domain, to collaboratively solve complex problems. For example, for financial applications that require analysis and forecasting, or social platforms seeking intelligent content moderation, REVOX provides the tools to build these solutions.
4. Incentive Mechanisms for Agent Developers and Computing Providers: REVOX places great emphasis on incentive measures for developers and computing providers. Its innovative ecosystem rewards AI agent developers and computing resource providers. Its incentive mechanism encourages the expansion of the agent network to drive the quality and diversity of the services provided, and ensures that computing providers will invest in the development of the network.
II. Key Components of the REVOX Ecosystem
The core of the REVOX ecosystem is various Primitive Agents, each focused on completing specific simple and specialized tasks. The coordination of these Primitive Agents ensures the efficiency, flexibility, and scalability of the REVOX framework. Currently, some classic Primitive Agent use cases are:
· Wallet Agent: Similar to the Metamask interface, but with enhanced AI functionality, ensuring secure interaction with blockchain networks, managing public addresses, and prioritizing user privacy and security.
· Ticker Agent: Using a comprehensive Ticker database and natural language understanding, it can extract token Tickers from user prompts. This agent simplifies asset identification and interaction, as well as the user's dApp experience.
· Chart Agent: Visualizes data into intuitive charts based on user commands.
· Database Agent: Provides personalized database access, allowing users to directly execute custom queries through conversational prompts, bridging the gap between traditional database interaction and natural language processing fluency.
In addition, REVOX also provides extensible plugins that can be applied outside of its own ecosystem, allowing agents to retrieve information, execute transactions, and leverage external services, thereby enhancing the intelligence and practicality of the REVOX platform.
The plugins currently provided by REVOX include: chain node plugin, Ethereum browser plugin, token price plugin, third-party DeFi plugins (currently integrating Pancakeswap, Swap (owlto), on-chain perpetual contracts (kiloex), trading bots), social information plugin, and search plugin.
Through the innovative DPrompt model and zkML/opML technology, REVOX has realized on-chain AI reasoning and efficient verification, ensuring the security and transparency of computations.
The currently important products in the REVOX ecosystem are: RVOX Lense, REVOX SmartWallet, and REVOX Studio.
REVOX Lense
REVOX Lense is more like a "Web3 version of GPT", providing a one-stop information integration and analysis for on-chain assets. Currently, REVOX Lense has attracted 17 million users, making it the largest dApp on opBNB. REVOX Lense can seamlessly integrate with users' wallets, automatically identify assets and display high-quality news, social media trends and discussions related to the wallet assets. By integrating wallet data, REVOX Lense also aggregates information into comprehensive reports, providing users with an overall view of their asset performance, market sentiment and potential future trends. It can also answer users' investment questions in the current market, provide professional answers, and help users make informed decisions about their asset portfolios.
REVOX SmartWallet
REVOX SmartWallet is an AI-driven self-custodial wallet that simplifies DeFi operations, solves complex staking and cross-chain challenges, and allows ordinary users to easily enjoy high-yield opportunities. SmartWallet can connect users' wallets to multiple blockchain networks, simplifying access to crypto assets. As an AI-driven wallet, REVOX SmartWallet can achieve AI-driven:
· Multi-Dex Token Swap: Instantly query the real-time exchange rates of most DEXs to ensure the best trading rate;
· Perpetual DEX: By filtering the best protocols integrated to obtain perpetual trading functionality;
· Multiple Cross-Bridge Solutions: AI agents provide the most cost-effective seamless cross-bridge recommendations.
REVOX Studio
REVOX Studio is the core low-code development platform of the REVOX ecosystem, providing developers with a powerful and user-friendly environment to build, deploy and manage decentralized AI applications. With its diverse plugin library and integrated agent marketplace, REVOX Studio enables developers to create complex AI agents and applications that can seamlessly interact with Web3 protocols.
The main features of REVOX Studio are:
· Low-code Development: Simplifies the creation of AI+Web3 applications, even low-level developers can use it.
· Agent Marketplace: Facilitates the sharing and monetization of AI Agents.
· Web3 Integration: The AI agents on its marketplace can execute on-chain transactions and interact with smart contracts.
· Rich Plugin Library: Provides pre-built plugins to accelerate development.
For example: Users can enter the REVOX Studio interface, search for available AI agents and plugins. Users can also create AI agents on its interface.
III. Milestone and Financing Background, REVOX's Strong Rise
In addition to REVOX's products, its financing and background are also impressive:
In August 2022, REVOX (formerly ReadON) completed a $2 million seed round led by SevenX Ventures, with participation from HashKey Capital and others.
In March 2023, REVOX was selected as the 3rd prize winner of the Best Social dApp at the BNB Chain Connected 2023.
In June 2024, REVOX announced the completion of a strategic round, with participation from SevenX Ventures, Arweave SCP Ventures, Cointelegraph Acceleration, Skyland Ventures, Taisu Ventures, 0x Consulting, and 7 upDAO.
In July 2024, REVOX ranked first in the total number of independent active addresses, with Raydium, Hot Protocol, Uniswap, and UXLINK following. Currently, its total user base has exceeded 21 million, making it a representative project in the Web3 AI ecosystem and one of the largest AI projects in the BNB Chain ecosystem.
In October 2024, REVOX was selected for the 8th season of the Binance Labs MVB accelerator program. REVOX has deployed Lense, Smart Wallet, and other AI crypto applications on the BNB Chain ecosystem, helping users complete multi-chain wallet connection and management, on-chain asset and off-chain data access, and complex DeFi process transactions through AI.
In addition, REVOX is also the community award winner of the Solana Riptide global hackathon and the first-place winner of the Arweave-sponsored Web3 Infra Hackathon.
IV. REX Token Economics and Roadmap
Token Economics: Stake-to-AI economic model, providing fuel for AI Agents. Staking REX to earn AI credits, rewarding long-term holders with ecosystem incentives.
Basic Information: Governance token REX, total supply: 3 billion.
Community Airdrop: 10%, unlocked at TGE.
Community Staking and Future Incentives: 50%, 6-month cliff unlock, 4-year linear unlock.
Liquidity + Marketing: 5%, unlocked at TGE.
Team and Advisors: 15%, 6-month cliff unlock, 4-year linear unlock.
Investors: 20%, 6-month cliff unlock, 2-year linear unlock.
REX can play a core role in platform governance, payments, and ecosystem rewards. This includes using it to pay fees, REVOX's core products (such as Lense, SmartWallet, Studio, Agent Marketplace) and third-party products that support REVOX AI payments all accept REX as a payment method. Using REX for payment can enjoy discounts based on dynamic pricing.
Additionally, users can stake REX as sREX to participate in various benefits in the REVOX ecosystem and earn ecosystem rewards. REX and sREX support 1:1 conversion.
The core uses of sREX tokens include:
· sREX holders receive AI service credits daily based on their holdings, which can be used for REVOX's products and partner ecosystem;
· sREX holders can join the staking pool to receive additional rewards: within 180 days after TGE, the staking pool will be directly funded by the REVOX Foundation. After 180 days, the staking pool rewards will come from the Foundation's funding and the deduction of tokens from short-term redemptions;
· Participate in token airdrops. sREX holders will have the opportunity to receive airdropped tokens based on their participation and holdings for projects built on REVOX Studio or distributed on the REVOX Marketplace.
· The design of sREX:
1. Will not directly affect the price of REX;
2. Short-term holders will face higher token deduction rates after unstaking, which can alleviate REX inflation;
3. The deducted tokens will incentivize long-term stakers;
4. 50% of the deducted tokens will be permanently burned, increasing the returns for long-term holders.
According to its official data, REVOX will launch the REVOX AI MEME token tool and the REVOX AI Agent Marketplace in Q1 2025.
V. Airdrop Rules and Claim
Airdrop Rules:
· Complete the KYC verification on the trading platform and provide UID and deposit address;
· NFT holders, NFT snapshot time is December 5, 2024, 3-Star Catto NFT gets basic reward, 4-Star Catto NFT gets enhanced reward;
· REVOX Galxe loyalty points greater than 499;
· ReadON APP participation: ReadON DAO points greater than 99 (ReadON DAO points snapshot time is November 19, 2024); ReadON SBT level higher than 2 (ReadON Points snapshot time is November 19, 2024);
· REVOX Lense, Smart Wallet, Studio and Contenthub: REVOX points greater than 1999 (REVOX points snapshot time is December 7, 2024); REVOX advanced points greater than 0; users who have obtained REVOX AI credits (snapshot time is November 19, 2024).
· Claim: Enter the airdrop website to check the token amount. REX will be sent to the user's bound trading platform account or wallet account.
VI. Conclusion
Balaji Srinivasan, the former Chief Technology Officer of Coinbase, recently wrote that AI has a higher reputation as it originates from academic research and large tech companies, while cryptography has a lower initial reputation as it originates from anonymous forums and internet communities. However, AI makes everything easy to forge, while cryptography makes forgery difficult, and the reputations of the two may gradually converge. Although AI is widely recognized as an important technology with civilizational significance, the value of cryptography is underestimated, and in the future, the two will gradually approach each other in reputation. In addition, AI is essentially centralized power, while Crypto represents decentralization, and there are many points of convergence between the two technologies.
Of course, there are also skeptics who believe that the "AI+Crypto" combination is just a temporary hype, and that cryptography has not yet had a lasting impact or widespread application in the fields of entertainment, gaming, and social media. But this is precisely the problem that "AI+Crypto" can solve - the mass adoption of cryptography. AI agents greatly reduce the threshold for users to enter Web3 and create greater possibilities for cryptography to go mainstream. Previously, Delphi Digital co-founder Tommy predicted that the total market capitalization of AI+Crypto could grow from the current $43 billion to over $250 billion, and many projects that have been in development for years will be launched one after another, especially those intelligent agent tokens that cannot rely on traditional AI platforms (such as ChatGPT) will usher in explosive growth.
The entry of traditional venture capitalists into Crypto+AI, the rapid iteration and integration of OpenAI technology into the mainstream, and the crypto-friendly policies after Trump's inauguration will all drive the development of Crypto+AI in 2025, just like the DeFi Summer of 2020, "AI+Crypto" may be able to usher in the next DeFi Summer.
Therefore, the integration of AI and Crypto will become the core narrative of future technology. As a pioneer in building AI Agent infrastructure, REVOX is gradually building an "operating system" that connects AI and the decentralized world, providing developers and users with revolutionary intelligent experiences.
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