Solidus Ai Tech, also known as AITECH, is a deflationary Artificial Intelligence utility token. It is the core token fueling the Solidus AI Tech ecosystem, which strives to provide a solution for procuring all services available on the platform. Solidus Ai Tech has constructed an environmentally conscious, state-of-the-art High-Performance Computing (HPC) Data Centre, which is strategically situated in a secure European location. The AITECH token serves as a payment gateway for licensing Artificial Intelligence as a Service (AIaaS), Blockchain as a Service (BaaS), and accessing HPC resources via their Infrastructure as a Service (IaaS) platform.

Solidus Ai Tech operates by facilitating token payments for services on its platform, while also accepting traditional payment methods. The conversion of fiat currency transactions to AITECH occurs seamlessly on the backend, with the entire process conducted on the Blockchain utilizing AITECH tokens. As an integral component of the deflationary token economy, a percentage ranging from 5% to 10% of AITECH tokens utilized for acquiring services on the platform will be systematically burned. This process ensures transparency, as the precise number of tokens subjected to burning can be readily monitored through a dashboard.

AITECH tokens can be used to license Artificial Intelligence as a Service, Blockchain as a Service, and rent High Performance Computing Power. Solidus Ai Tech also strives to establish a marketplace catering to software developers, enabling them to launch Artificial Intelligence software applications for end-users to license. Developers can partake in a profit-sharing model. Additionally, AITECH tokens can be used for rewards on the staking platform and for DAO governance, with voting power proportional to the amount of tokens staked.

Solidus Ai Tech was launched in December 2017 as an Ethereum Mining entity. The Solidus team anticipated that Ethereum would likely move from ‘proof of work’ to ‘proof of stake’ and would no longer be mineable due to pending updates and developments in the Ethereum roadmap. In response, they opened up channels of communication with international clients, including Governmental Authorities and Corporations who would likely require AI & HPC services in the future. Solidus Ai Tech now seeks to provide services to these entities, as well as SMEs and professionals, once their data centre and IaaS platform is complete.