Flock is an AI model training platform. This project has completed 2 fundraising rounds with a total of $9 million raised. So what is special about this project? Let's explore it through this article!
What is Flock (FLOCK)? A decentralized AI model training platform
What is Flock?
Flock is a community platform that helps create private AI models on the chain. This platform is designed with federated learning as the focus - a method of training AI models where no one can see or access user data.
Flock's approach improves data security and privacy by leveraging blockchain technology to distribute the training process across multiple nodes. As a result, there is no single entity that controls or can manipulate this process.
This AI training platform supports various applications by developing models for areas such as finance, healthcare, and gaming. Specialized AI models can also be applied to blockchain applications in validation, investment analysis, operational support, and more.
What is Flock?
Flock's Products
AI Arena
AI Arena is Flock's decentralized AI training platform. Users can participate and earn staking rewards through the AI Arena gateway.
The components involved in operating AI Arena:
Task Creator: Defines the desired models and submits tasks to the platform
Training Node: Develops or refines models according to the task creator's requirements
Validator: Evaluates the models submitted by the training nodes
Delegator: Delegates tokens to training nodes and validators, helping to increase reward distribution
AI Arena
FL Alliance
After AI Arena optimizes the model parameters, they are further refined in FL Alliance with exclusive data.
FL Alliance will create a decentralized and secure environment for federated learning. By using random functions to allocate roles and a staking mechanism to ensure commitment, the system fosters trust and reliability among participants.
AI Marketplace
AI Marketplace is a space where people build, improve, and use models.
It focuses on decentralized work and community engagement. It allows users to propose models, contribute data, and use these models in various applications.
Basic Information about the FLOCK Token
Token Name | Flock |
Ticker | FLOCK |
Blockchain | |
Token Standard | ERC-20 |
Contract | 0x5ab3d4c385b400f3abb49e80de2faf6a88a7b691 |
Token Type | Utility, Governance |
Total Supply | 1,000,000,000 |
Circulating Supply | 130,654,952 |
Token Allocation
FLOCK Token Allocation
- Community: 47%
- Team and Advisors: 17%
- Ecosystem: 19.7%
- Investors: 16.3%
Token Release Schedule
FLOCK Token Unlock Schedule
What is the FLOCK Token Used For?
The FLOCK token has the following uses:
- Voting on governance proposals;
- Rewards to incentivize participants in creating, training, validating, and delegating tasks;
- Staking.
FLOCK Token Storage
You can store this token in wallets such as MetaMask, Trust Wallet, Rabby Wallet, and more.
Investors
Flock has completed 2 fundraising rounds with a total of $9 million raised. The investment funds that participated in these 2 rounds include: DCG, Animoca Brands, Fenbushi Capital, GSR, Lightspeed, ...
Investors
Conclusion
Flock is a decentralized AI training platform with 3 main products: AI Arena, FL Alliance, and AI Marketplace. Through this article, you should now have a basic understanding of the project.
Note: The information in this article should not be considered investment advice. Coin68 is not responsible for any investment decisions you make.
