We see the Mindfire white paper as a document that explains the ongoing story of what we are developing with the Mindfire program, the background, the details, and the way forward. We were very fortunate to receive the feedback from Mindfire Talents, advisory board members and investors. Currently, we are integrating a number of changes into the white paper. We are planning to release the new version of the white paper by mid-August 2018. The new version won’t be a completely new paper and it won’t be a pivot either. However, it will add clarity, depth and detail to the main ideas laid out in the earlier versions.

Here is an overview of the changes we are currently working on:

Business case:

We are integrating new revenue models in addition to the licensing revenues form the intellectual property as underlying value for the token. New revenue streams will include a concept that enables corporates to innovate at speed in collaboration with selected Mindfire talents. Another stream will provide global citizens access to cutting edge thought leadership and education in AI.

We are integrating new revenue models in addition to the licensing revenues form the intellectual property as underlying value for the token. New revenue streams will include a concept that enables corporates to innovate at speed in collaboration with selected Mindfire talents. Another stream will provide global citizens access to cutting edge thought leadership and education in AI. Tokenomics and Roadmap:

From early August to the end of October we will accept private placements. In November we will launch the Mindfire Initial Token Offering. We increase the available amount of Mindfire Tokens during the presale to 400,000,000 and lowered the available amount for the ITO to 400,000,000. We also added token-burning events: if proposals from Mindfire Token holders are rejected, the Mindfire Tokens will be burned. Moreover, unsold Mindfire Tokens will also be burned.

From early August to the end of October we will accept private placements. In November we will launch the Mindfire Initial Token Offering. We increase the available amount of Mindfire Tokens during the presale to 400,000,000 and lowered the available amount for the ITO to 400,000,000. We also added token-burning events: if proposals from Mindfire Token holders are rejected, the Mindfire Tokens will be burned. Moreover, unsold Mindfire Tokens will also be burned. Rewards Program:

The Mindfire Foundation is starting a rewards program in order to reward its supporters with MFT tokens. A total of 10,000,000 tokens will be allocated to the Rewards Pool.

The Mindfire Foundation is starting a rewards program in order to reward its supporters with MFT tokens. A total of 10,000,000 tokens will be allocated to the Rewards Pool. Revenue Sharing:

Mindfire Token holders participate in the revenues arising out of the commercialization of the intellectual property created within the Mindfire framework.

Stay tuned for the release of the next version of the Mindfire white paper. In the meantime, join our sub-reddit (https://www.reddit.com/r/Mindfire/) to discuss the various challenges facing the development of human-like artificial intelligence and our Telegram group (https://t.me/mindfire) to get all the updates on the Mindfire Token.