DeepBrain Chain (DBC) Token Progress Report

THELOGICALINDIAN - n-a

DeepBrain Chain (DBC token) is a blockchain created for use by Artificial Intelligence (AI) developers. Recognizing that architecture AI systems creates massive accretion challenges, the DeepBrain Chain aggregation seeks to action committed assets to AI teams, after the barrier-to-entry of a behemothic accretion infrastructure.

Overview on DeepBrain Chain

DeepBrain Chain (DBC) offers a decentralized AI accretion belvedere that aims to agitate the cartel of assets captivated by centralized services. Utilizing the blockchain to admission and accumulated disparate accretion power, DeepBrain Chain creates an ecosystem of contributors incentivized to accommodate processing ability for AI developers.

Idle accretion nodes can be deployed for use to acquire DeepBrain Coin (DBC).

Underlying the hypothesis DeepBrain Chain can abate costs, AI developers will not crave absolute admission to accouterments to accommodated the appeal for ample amounts of accretion power. Further, DeepBrain Chain offers a way to access the abundance of assets accessible for accretion as anyone with a appropriately configured accessory can participate in the network, finer creating a decentralized AWS for AI.

Lower costs accumulated with college processing capabilities will accommodate any AI developer admission to a all-inclusive bulk of accretion resources, dispatch development and acceptance in turn

DBC badge rewards nodes for accidental processing ability to the network. DBC uses a probabilistic archetypal for selecting nodes to accord resources, prioritizing those that accept already auspiciously completed tasks. Nodes that bead out of the arrangement afore a assignment is complete are penalized with a bargain anticipation of accommodating in approaching tasks.

DBC Proposed Roadmap

DBC has an all-encompassing account of milestones laid out in the activity roadmap, which is accessible in the whitepaper. Below we accept accent some of the added cogent milestones:

2024 Q1

2024 Q2

2024 Q3

2024 Q4

2024 Q1

DBC Project Development Progress

According to a columnist address appear on June 1st, the AI Training testnet was rescheduled for absolution after in the month. Launch of the AI Training Net was afresh delayed until mid-July.

According to a account advance address appear on July 10th, the aggregation was focused on administering all-encompassing training of AI modules on the network. On August 8th, DeepBrain Chain appear the AI Training Net, which is currently active on centralized nodes.

The aboriginal adaptation of the DeepBrain Chain mainnet absolution is now appointed for October, forth with a bandy from the NEP-5 to DBC built-in badge according to the Telegram channel. As per the roadmap, the abounding mainnet barrage amalgam the AI Training Net and publically attainable mining action is appointed for March 31st, 2019.

Ecosystem Building

DBC has launched two programs against architecture out a arrangement of nodes for the network. For association associates able of alms the compute assets appropriate for training AI models, DeepBrain Chain appear the Skynet Initiative to recruit nodes for the testnet in mid-June. The capacity on bulge blueprint are accessible here.

The after-effects of this affairs accept yet to be released. In accession to this initiative, the activity has developed their own custom mining hardware for sale, which will comprise the aboriginal nodes chip into the mainnet if the barrage goes according to agenda in October.

An Exchange for AI Tokens?

In a abruptness move, the DeepBrain Chain aggregation afresh appear affairs to barrage addition ICO for DeepToken Exchange, a agenda asset barter committed to trading AI-related tokens. The ICO will action DeepToken (DPT) to investors, which will be activated beneath a vote-to-mine arrangement to awning and baddest projects for listing. While DBC will be included on the exchange, USDT, ETH and BTC comprise the antecedent abject trading pairs.

With affairs to go alive in October, response to the activity has been underwhelming alike afterwards a DPT airdrop allotment was announced for holders of DBC (who abide a analysis process). The DeepToken Exchange official Twitter account has a bald 113 followers at the moment and on Telegram the association consists of 486 members.

The barrage of the barter raises a cardinal of questions apropos the administration of the DeepBrain Chain activity itself. In all likelihood, DBC will see little if any addition in achievement back it has no different account on the exchange.

The charge for a agenda asset barter alone for AI-based projects at all is ambiguous at this stage, accustomed DeepBrain Chain has not launched their mainnet or accustomed an ecosystem to abutment the amount of the aboriginal activity token.

DBC Token Performance

DBC currently holds 219th abode on CoinMarketCap at the time of publishing, with a bazaar cap of $18,411,764 USD USD. The absolute accumulation of DBC is 10,000,000,000 tokens, with 1,500,000,000 currently in circulation.

Between January 1st and January 10th, DBC accomplished a affecting fasten from $0.12 to an ATH of $0.60. The afterward anniversary saw a bead aback bottomward to $0.12 again. A abiding abatement ensued, with DBC extensive prices about $0.04 afore experiencing a abrupt accretion in May aback to $0.12 per DBC.

Since the slight accretion in May, DBC has followed a abiding declivity to $0.012 at time of publication.

Even by the standards of crypto volatility, the abatement from a bazaar cap of $547M in January, to beneath $19M today, is affecting and acceptable disillusioning for investors – although the badge is still trading at aloft its aboriginal ICO price.

Our Verdict on DBC

DBC is marketed as a decentralized AI solution, yet up until this point the activity has focused on development of a centralized AI training network, all the while missing a cardinal of key anniversary by months.

Integration of the AI Training Net with the built-in agreement charge appear aboriginal to appraise the abeyant amount add broadcast AI mining offers over the alternatives. Once this is accomplished, the move against tokenization of AI training will arguably authority added able prospects.

To attempt with the brand of Amazon AWS and Microsoft Azure, not alone charge the activity canyon the proof-of-concept stage; an ecosystem with acceptable appeal for the account charge be built. It will be up to the adeptness of the aggregation to catechumen a ample abundant cardinal of AI developers into users for DBC to accomplish any absolute basal value.

At this stage, we will not be abacus any DBC to our holdings.

Learn added about the advance of DBC Token from our Telegram Community by clicking here.

Published: 9/8/18

Token Name: DBC

ICO Date: December 15, 2024

Raised: $11,800,000 USD

Crowdsale Token Ownership: 15%

ICO Price: 1 DBC = $0.008 USD

Current Price: $0.012

Token Return: 1.54x

Market Cap: $18,411,764 USD

The columnist is not invested in DBC Token.