OCAI

Onchain AI integrates AI with blockchain for user-friendly dApp development, boasting fast transactions and low fees.

1. What is OCAI ?

Neutral Review of Onchain AI

Introduction to Onchain AI

Onchain AI presents itself as a Layer-1 blockchain network integrated with an AI chatbot module, aiming to streamline the development of web3 decentralized applications (dApps). It’s designed to make blockchain technology more accessible to builders and entrepreneurs, regardless of their coding expertise, by providing tools for easy deployment of smart contracts.

Technical Performance

The network claims high performance, supporting over 120,000 transactions per second (TPS) with a 3-second average block time, which places it among the fastest blockchain protocols, at least in theory. The reported gas fees are less than $0.001, indicating a competitive edge in cost efficiency, which is crucial for developers and users alike, especially for applications with a high transaction volume.

Consensus Mechanism and Environmental Impact

Onchain AI employs a delegated Proof of Stake (dPoS) consensus mechanism, which is generally considered more energy-efficient than Proof of Work (PoW) systems used by some other blockchains. The emphasis on a clean, low carbon footprint aligns with the growing trend towards environmental responsibility in tech.

AI Integration and User Experience

The AI-powered chatbot feature is one of Onchain AI’s standout features, proposing an intuitive development environment for creating BRC20 tokens, NFTs, and other smart contracts. This could potentially lower the barrier to entry for non-technical users interested in developing dApps. However, the effectiveness and limitations of this AI assistance are not detailed and would be a critical aspect for users to consider.

Decentralization and Scalability

Onchain AI’s choice to use a dPoS system usually translates to a more centralized network compared to PoW, as it relies on a limited number of validators. However, it’s a trade-off that typically results in higher scalability and throughput, which Onchain AI seems to leverage for its claim of readiness for mass adoption.

Conclusion

Onchain AI positions itself as an innovative and forward-thinking blockchain solution with user-friendly AI capabilities for dApp development. While its proposed features are promising, potential adopters should consider the practical application and real-world performance of its AI module, the overall security of the platform, and the governance structure related to its dPoS system. As with any emerging technology, thorough research and due diligence are recommended to understand both the opportunities and risks associated with Onchain AI’s platform before full commitment or endorsement.

2. Token Sales and Economics

Presale Address	0x2D85e0037860523eda4B798DA45989CAcee367bf
Token Name	OCAI
Token Symbol	OC
Token Decimals	18
Token Address	0x9a90c73FCb2442dD60f047b1C0F44487d84908C4 (Do not send BNB to the token address!)
Total Supply	100,000,000 OC
Tokens For Presale	67,362,000 OC
Tokens For Liquidity	32,636,889 OC
Initial Market Cap (estimate)	$18,968
Soft Cap	1 BNB
Presale Start Time	2023.11.13 12:00 (UTC)
Presale End Time	2023.11.15 16:00 (UTC)
Listing On	Pancakeswap
Buyback Percent	19%
Liquidity Percent	51%
Liquidity Lockup Time	180 days after pool ends

3. Roadmap and Updates

Quarter 3, 2023

$OCAI token launch (public sale and listing on Uniswap)
Launch marketing
Listing Coingecko
Listing Coinmarketcap
Onchain AI testnet
Onchain AI testnet explorer
Testnet marketing

Quarter 4, 2023

Mainnet
Onchain AI explorer
Onchain AI staking
Developer’s documentation
Mainnet marketing
Strategic partnerships
Bridge and protocols integration
$OCAI 1st CEX listing

Quarter 1, 2024

Onchain AI Wallet
Onchain AI Labs launch
Grant program
Web3 AI alpha release
Test phase
Web3 AI marketing

During 2024

Web3 AI 1.0 version release
Web3 AI mobile app release on iOS/Android
Enabling Onchain AI network adoption
Web3 AI pricing model launch
More CEX listing
Expansion marketing

Lastest Update

For $OCAI holders aiming to be eligible for the $ODEX airdrop, it's essential to bridge your $OCAI to the Onchain AI mainnet. You can find the bridging tutorial here: https://t.co/tOtmuGnMbr (Make sure you’re approving with the default and not inputing the max amount). We'll…
— Onchain AI (@Onchain_AI) November 14, 2023