Today, I have interviewed the Aitheon team, on their ICO and future projects. Aitheon is developing a digital ecosystem simplifying the world through A.I., robotic and human symbiosis. Aitheon is listed to organize a token sale in Q2–2018.

What problem are you solving, why do you need the blockchain technology and what are the main pillars that define your company and differentiate you from your competitors?

At present, backend business processes are labor intensive and all run via different services which are not inter-connected (inventory management, accounting, scheduling, credit card processing, communications, security systems, payroll etc.) The Aitheon platform was created to solve this. By automating all of these processes using AI in one single simple platform, business owners can focus on the front end of the business that they set out to run. We use the blockchain not only to verify financial transactions, but to verify accuracy of work being completed within the system.

2. What value are you adding to your industry value chain and which are the main obstacles to the success of your solution?

We are enabling creators and entrepreneurs alike to be able to build on our platform and share ideas / new technologies within our ecosystem and to expand. Usually with technology you hear of how it takes jobs away from the people but our system will actually create new jobs. This obstacle is being overcome by public education about the reality of the current capabilities of AI and the necessity for human input.

3. Why did you decide to launch an ICO and why do you need a public Token Sale?

The decision to launch an ICO actually came as a way to build the Aitheon community. The larger the community, the stronger the ecosystem. Having the system run on tokens makes more sense being that we are a global entity.

4. How does your token function within the platform and why is it needed? How did you decide the total supply?

Above all, AIC is a utility token. Businesses running on the platform will be required to pay monthly fees using the tokens. Specialists and Pilots (miners) assisting the AI and robots will be paid for their services in AIC tokens. Transaction fees for credit card processing and payments made between businesses will be charged in AIC tokens. In this way the token is a necessity for the utilization of the system. The total supply was based on half of a token for every person in the world. We know that not everyone will have a chance to run a business or work on the aitheon platform, but everyone is represented.

5. Where do you see the value of your token in the medium to long term and the ultimate benefit for the token holders?

Above all, AIC is a utility token. Businesses running on the platform will be required to pay monthly fees using the tokens. Specialists and Pilots (miners) assisting the AI and robots will be paid for their services in the AIC tokens. Transaction fees for credit card processing and payments made between businesses will be charged in AIC tokens. Implementation and upkeep of robotics and warehouse management will be paid using AIC tokens. In this way the token is a necessity for the utilization of the system. At present, we are continually onboarding multi million dollar enterprises who will be required to purchase their tokens for services from current token holders. The token holder benefit is their stake in the Aitheon ecosystem as well as their ability to participate.

AIC Token Distribution (Source: Whitepaper)

6. Thinking about the future, what are your plans after ending the ICO? Are you afraid that the volatility of the cryptocurrency market might affect the economy of your project in any way?

The current state of the cryptocurrency market is unfortunate and we have indeed lost some equity in the funds raised in our presale. Fortunately however, Aitheon is an established business both before and after the introduction of cryptocurrency. We had businesses running on the Aitheon platform before we had a token, and are continuing to onboard many more. The value of our token lies in its utility within the platform, where users are all interconnected. Despite the crypto crash, we are expanding exponentially. From our whitepaper: “Aitheon’s Year 1 goal is to get robots and systems available for the public to use. With the funds from the tokens sold, Aitheon will add additional staff to improve the user interface and flow of the platform. We plan to educate, integrate, and onboard the first Enterprises, Governments, Small to Medium Sized Businesses and Individual Users. We also plan to interact and contract with most robotics and AI suppliers in the world as well as major contributors to the technology space.” The exciting thing about this, is that these were our year 1 goals as we wrote the ICO white paper 3 months ago, due to the outpouring of public interest that we have received, they are already happening faster than we had even anticipated.