RedPill is an AI model aggregator that integrates several well-known AI models (ChatGPT, Llama, Claude, Huggingface) into a single RedPill API, and tokenizes AI resources to launch AI resource encapsulation tokens. You can imagine RedPill as several In the intermediary layer of the well-known AI model, users do not interact directly with the AI model, but through RedPill's API. The cost of going through a layer of intermediary seems to be higher, but it also brings several benefits:
Faster and more stable : automatically use the most suitable model when processing AI requests, aggregate thousands or tens of thousands of APIs provided by nodes, and break through the original API limitations
More friendly to AI application developers : single interface, single technical support, and resources can be flexibly expanded according to needs
Prices are more transparent : encapsulated tokens will be uploaded to the chain for every call and payment, and encapsulated tokens can be traded in the trading market
More secure : The process is executed in a TEE environment, which ensures data privacy and verifies the authenticity of AI content.
Fairer : No restrictions on user level or region, anyone can purchase AI through encapsulated tokens
The computing power and TEE (Trusted Execution Environment) behind RedPill are provided by Phala Network. Phala Network is a DePin + AI project. It can be simply understood as a decentralized infrastructure project that aggregates computing power resources through DePin and uses it in AI applications. .
TEE is an isolated computing environment that ensures that calculations are performed within the scope and that sensitive information such as data is not leaked to the outside.
RedPill does not provide AI models, but is a decentralized AI aggregator that integrates several major AI models and puts AI usage, billing, payment, records, etc. on the chain through $wGPT's token economy.
Similar to the concept of DeFi aggregator, DeFi aggregator itself does not provide liquidity, but provides the best transaction path after integrating the liquidity of other AMMs. AI aggregator itself does not provide AI models, but integrates several major AI models to provide the best calling options. , combined with $wGPT the token economy puts all this on the chain, acting as a decentralized AI aggregator that aggregates centralized AI models into the web 3 world.
Solve account restrictions through RedPill intermediary, without restrictions on user level, credit card or other payment channels, regional restrictions, etc.
For applications that require more flexibility, a large number of APIs can be connected in series, breaking through the limitations of the original API, automatically selecting a more suitable model, and adjusting computing resources according to needs.
For applications that require privacy or verification, they can be executed in a TEE environment to protect data privacy. There are also traceable data and operation records to verify the source and reasoning process of AI.
role in ecology
In addition to RedPill, there are two other roles:
People who provide APIs on AI nodes can earn income (currently they can also earn points)
Anyone who is an AI user can use AI services through encapsulated tokens (such as $wGPT)
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Earn $PILL! How to participate in the RedPill early points event
$Pill point is a point launched to reward early participants and implement governance. $Pill points may be converted into platform token $Pill in the future.
You can currently participate at zero cost, and you can get a minimum of 40 points for a fairly simple task. The following is a tutorial on the task:
Log in directly with your Google account. It is currently an invitation-only system and you need to fill in an invitation code. You can use the following sets of invitation codes, or enter the official Discord invitation code channel to obtain them.
RedPill Invite Code – List of invitation codes
V3v86
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wxya
4J9v
After entering the invitation code, connect to the wallet. It supports many kinds of wallets and can use Metamask. It currently operates on the BASE chain, but the guarantee task does not require on-chain interaction. It does not matter if there is no money on the BASE chain .
If you want to get more points beyond the guarantee, there are three ways:
Invite others to join by sharing an invitation code
The API that provides GPT becomes a node. Every node that accumulates 10 USD of usage can get one point. Non-GPT paying users can skip this part and get the guaranteed points first.
Providing liquidity is liquidity mining, and the liquidity reward is points, which is LP Quest. The interface here is a bit convoluted and you have to click a few times. Press GO first and you will be directed to another page. Click Claim Rewards, and then click Add Liquidity. It will be directed to Uniswap.
Adding liquidity to Uniswap is a general operation. Set the price range and injection quantity, authorize each and send the transaction, and the transaction is completed.
The points calculation is 0.0002 points per 1 U of liquidity per hour, which is liquidity mining, and the liquidity reward is Pill points.
The above is the point airdrop tutorial, and the following will give a more complete introduction to RedPill.
RedPill profile
project name
RedPill
Token name
$PILL (not yet listed), $wGPT (ChatGPT encapsulated token that is billed based on usage), and there will be different model encapsulated tokens such as $wLLaMA and $wClaude in the future
Ecology or public chain to which it belongs
AI ecosystem, working closely with Phala Network, operates on the BASE chain
team member
Marvin Tong｜Founder & CEO, is also the co-founder of Phala Network (DePin + AI project), and has served as product manager in Didi and Tencent.
The relationship between RedPill and Phala Network can be simply described as Phala Network provides the computing resources and TEE environment behind it. RedPill is an aggregation protocol that operates on Phala to support user-facing AI applications.
Financing history
2024/July - $5 million seed round: led by Animoca Brands and DFG, with participation from Hypersphere Ventures, IOSG Ventures, LD Capital, Jsquare, Outlier Ventures, PAKA, Sanctor Capital, MathWallet, Gate.io Labs, M- Ventures, TKX Capital, and Polkadot founder Gavin Wood, Manta co-founder Victor Ji, Moonbeam founder Derek Yoo
critical timeline
Established in 2024
According to contract records, $wGPT was launched around mid-May and has processed more than 400 million unit outputs in the past thirty days.
According to the official roadmap, the $Pill token is expected to be launched in the fourth quarter. You can complete the tasks now to get guaranteed points.
AI aggregator aggregates multiple APIs of multiple models. The architecture is not complicated and easy to understand. What needs to be explained is the economic model of encapsulated tokens. How to ensure that API providers can make profits?
The features of RedPill are as follows:
Use multiple LLM resources at once: avoid the risk of single points of failure
Ensure privacy is maintained in the use of AI technology through the TEE architecture
As the demand for AI models increases exponentially, RedPill Network will have the opportunity to become an important underlying facility for the AI track.
As shown in the picture, the right side is an API provider from various AI models. It is still in a very early stage and only supports GPT API. In the future, it is expected to support models such as ChatGTP, Llama, Claude, and Huggingface.
After aggregation, a single interface is provided: RedPill API for developers to connect to AI applications.
Users only face the RedPill API, which includes nodes (AI Node = API provider) and RedPill Network (with computing power and TEE support provided by Phala Network).
The billing method for AI models is usually based on output volume. Price information can be found on this page . For the node (API provider), he must pay a fee to the AI model based on the usage of the API, and the user pays encapsulated tokens to the node based on the usage. How to ensure that the fees received exceed the cost and ensure that the node Any profit? RedPill achieves this through a token mechanism.
AI encapsulated token $wGPT
Currently, only $wGPT, a package token for GPT, is launched. Simply put, this is a token that charges GPT API calls.
The picture below is the page of Casting $wGPT:
The API provider provides a usage limit, such as 10U, 20U, 50U, and 100U in the figure, pledges the corresponding Pill Points (it will be changed to pledge $Pill tokens in the future), and mints the corresponding $wGPT.
This is like an upfront payment. The API provider first sets the expected usage, RedPill first pays the corresponding fee (minting $wGPT), and the contract collateral is the pledged asset (currently Pill Points, and in the future $Pill).
From this mechanism, assuming that $wGPT returns to zero, the maximum loss of a node is the usage or pledged assets set at the beginning, and the profit is determined by the market mechanism.
The total amount of $wGPT is determined by the amount of minting. The more nodes are minted, the more circulation will be. Users need to pay $wGPT to use AI, and they have to buy it in the market. Then there is the market mechanism:
Supply is greater than demand> $wGPT Price drops> Nodes are unwilling to mint> Circulation decreases and supply decreases
Demand is greater than supply > $wGPT Price increases > Nodes are more willing to mint > Circulation increases Supply increases
Two ways to obtain $wGPT (including encapsulated tokens of other models in the future):
Become a node casting
Buy on the exchange market
Q: How does RedPill ensure that API providers do not lose money? Will the $wGPT earned exceed the cost of the call?
A: From a mechanism perspective, there is no guarantee that you will not lose money, but you can lock in the maximum loss, and profits are determined by the market mechanism.
RedPill App - AgentWars, combining AI agents and SocialFi
People who use the RedPill API are mainly application developers. Application developers connect the RedPill API to their applications and pay $wGPT to RedPill based on usage.
Generally speaking, public users of AI, that is, people who use these applications, should not actually feel the RedPill API, and they may not necessarily pay $wGPT, but pay according to the respective charging methods of the applications (or even for free).
AgentWars is an application example currently listed on the RedPill official website. The author thinks this is a very interesting application. I will introduce it with this paragraph:
Agent Wars is a bit like a game, with two core elements:
Create an AI Agent based on your Twitter(X) account A chatbot trained with account content, for example, can chat with the Vitalik robot, the founder of Ethereum but V God. Although it is not the person, it is a robot trained through Vitalik's Twitter.
Key mechanism similar to FriendTech Free chats can only be made back and forth five times. Only by holding the other party's key can you chat with the robot without restrictions. The more people buy keys, the higher the price of the keys, and the keys you hold can also be resold.
Currently, the minimum cost to build your own AI agent robot is 400 $PHA. With only 50-60 U, you can have your own AI Clone and experience the fun of chatting with yourself, but of course the Twitter account content must be enough to train the machine. Talents will have a more accurate grasp of personal style.
If you are an individual operator, you can build a robot and work hard to promote it to increase the number of supporters who buy keys; you can also directly buy other people's keys if you don't want to build a robot. If the price of keys rises, you can also make a profit by trading keys.
Agent Wars operates on the BASE chain and needs to hold $ETH (used to pay for gas) on the BASE chain. The purchase key can be paid with $ETH or |_202411111202313_|.
If there are related needs, it is very interesting to apply it in practice. For example, because the author has purchased the key of founder Marvin Tong before, during the process of researching RedPill, many questions were directly asked to Marvin Tong's AI robot.
Just one sentence to explain the relationship between AgentWars, Phala Network, and RedPill:
AgentWars is an application that uses Phala Network resources and calls API through RedPill.
One more reminder at the end of the article: RedPill is currently conducting an airdrop point activity. The guaranteed task is extremely simple. You can get 40 guaranteed points without any on-chain operations. Those who can provide API can also earn extra points.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
