Original source: Odaily Planet Daily Original author: CryptoLeo
AI is disrupting the global technology, finance and innovation landscape with unstoppable momentum. Since the release of ChatGPT, generative AI has become a mainstream narrative in just one year, attracting great attention from investors to large language models (LLMs) and AI applications. According to the International Financial Forum (IFF), by 2024, global AI startups have attracted more than $120 billion in financing, of which $35 billion was raised in the first half of 2024.
This AI craze is gradually affecting the Crypto market, especially in the field of AI-related crypto projects and tokens. At present, the total market value of AI crypto tokens has exceeded 43 billion US dollars, far exceeding other tracks. For users, AI Memecoin PvP has become the most intuitive way to get in touch with "AI+Crypto". From "Self-talk about Meme" released by Truth Terminal on the X platform, to the phenomenal popularity of Meme coin GOAT, to the successive appearance of projects such as ACT, ai16z, ELIZA and Virtual Protocol, AI Meme has driven the innovative application of AI Agent in the directions of on-chain token issuance, community governance, DAO management and autonomous trading.
At the same time, industry giants are also moving quickly. For example, OpenAI plans to launch an AI Agent tool called Operator in early 2025, which can complete computer tasks autonomously according to user instructions, marking the official entry of AI Agent into the crypto ecosystem. ACT and ELIZA have explored new possibilities for on-chain governance, and ai16z and Virtual Protocol have become industry highlights with their innovative autonomous trading capabilities, further promoting the development of on-chain AI agent narratives.
Despite this, the narrative of on-chain AI Agents is still in its early stages. Just like the eve of DeFi Summer in 2020, the integration of AI+Crypto faces many gaps in infrastructure and technology. As a pioneer in this field, REVOX is committed to building a decentralized AI Agent infrastructure, connecting AI developers with decentralized computing resources in the role of an operating system, promoting the deep integration of "AI+Crypto", and moving towards the next wave of technology.
1. On-chain operating system in the AI Agent era: REVOX’s forward-looking vision
In the current AI ecosystem, the centralized ecosystem with perfect large language models (LLMs) such as ChatGPT and Runway dominates, while decentralized AI projects such as Bittensor and IO.net have attracted much attention but have few practical applications. REVOX has seen this pain point:
Web3 requires an AI Agent infrastructure as a shared interface connecting developers with decentralized computing resources.
“AI is like the iPhone back then. LLM is the factory that manufactures hardware, while REVOX is the operating system that provides a seamless AI-Agent experience for developers and users.” — said Troy Hua, co-founder of REVOX.
On-chain AI agents require a lot of infrastructure to fill the gaps, and REVOX is a protocol dedicated to AI agent infrastructure, changing the creation of decentralized AI applications through autonomous agents. REVOX supports the creation of customizable AI agents to cope with various scenarios and challenges. Based on the principle of decentralization, REVOX can provide developers, organizations, and individuals with an environment to independently develop and deploy any data source and API.
(1) Centralized AI, integration difficulties, and lack of incentives are the existing pain points of AI proxy protocols
At this stage, executing AI agents on the blockchain is very complex and incomplete, but on-chain AI agents are also the key to realizing decentralized AI applications. Currently, many dApps rely on off-chain AI services to handle complex calculations and manage data, which is equivalent to introducing centralized elements to the decentralized ecosystem and also brings potential vulnerabilities. This not only violates the spirit of decentralization, but also limits the security of AI when it directly contacts assets and financial-related functions.
In addition, basic dApp components such as wallet integration, transaction management, and smart contract execution are still largely out of touch with the rapidly developing AI, which also hinders the seamless integration of AI with dApps, resulting in their lack of innovation, adaptability, and intelligence. More importantly, there is currently a lack of strong and reliable incentive mechanisms for decentralized AI protocols, resulting in insufficient incentives for developers to explore and build the potential of an interoperable AI Agent ecosystem.
(2) Decentralized AI Agent infrastructure, REVOX fills a key gap
To this end, REVOX has launched a series of solutions to address the challenges currently facing decentralized AI:
1. Scalable on-chain AI based on smart contracts: REVOX allows smart contracts to perform AI reasoning directly on the blockchain. Keeping key calculations on the chain, it launched DPrompt, a key component for all on-chain AI reasoning agents within the network. DPrompt achieves smart contract integration in two ways: one is to record AI requests on the chain, and then the designated AI provider handles the request and stakes REVOX tokens as a guarantee to receive the request and return the response to the DPrompt smart contract; the other is to generate proofs based on zkML (zero knowledge) and opML machine learning calculations. This type of method focuses on creating proofs that allow efficient challenges or verification of AI calculations, reducing the resource consumption required for operation, while enhancing the trust and integrity of AI outputs. zkML and opML are essentially "AI+Crypto" concepts.
2. AI Agent seamlessly integrates Web3: REVOX converts basic Web3 components such as wallet integration and smart contract calls into AI agents. These agents are also dynamic and intelligent participants on the chain, capable of performing complex tasks, making decisions and interacting with other components of the ecosystem. Integration also makes dApps smarter and more autonomous, providing users with a better personalized experience.
3. Developer-friendly intelligent agent framework: REVOX provides developers with a flexible framework to interact with different AI agents, allowing developers to coordinate various agents, each with expertise in a niche area, to collaboratively solve complex problems. For example, whether developers need financial applications for analysis and prediction, or social platforms seeking intelligent content review, REVOX provides them with tools to build solutions.
4. Incentives for agent developers and computing power providers: REVOX pays great attention to incentives for developers and computing power providers, and its incentive mechanism rewards AI agent developers and computing power resource providers. Its innovative ecosystem encourages the expansion of the agent network to promote the quality and diversity of the services provided, and guarantees that computing power providers will invest in the development of its network.
2. Important components of REVOX ecosystem
The core of the REVOX ecosystem is various primitive agents. Each primitive agent focuses on completing specific simple and professional tasks. The coordination of various primitive agents can ensure the efficiency, flexibility and scalability within the REVOX framework. Currently, several classic primitive agent use cases are as follows:
Wallet Proxy: Similar to the Metamask interface, but enhanced with AI capabilities, ensuring secure interaction with blockchain networks and managing public addresses while prioritizing user privacy and security.
Ticker Agent: Extracts token Tickers from user prompts using natural language understanding through a comprehensive Ticker database. The agent simplifies asset identification and interaction as well as the user’s dApp experience.
· Chart Agent: Visualizes data through intuitive charts based on user commands.
Database Agent: Provides personalized database access, enabling users to directly execute customized queries through conversational prompts. It bridges the gap between traditional database interaction and the fluency of natural language processing.
In addition, REVOX also provides extension plug-ins that can be applied outside its ecosystem. Plug-ins allow agents to retrieve information, execute transactions and utilize the functions of external services, thereby enhancing the intelligence and practicality of the REVOX platform.
Currently, the plug-ins provided by REVOX include: chain node plug-in, Ethereum browser plug-in, token price plug-in, third-party DeFi plug-in (currently connected to Pancakeswap, Swap (owlto), on-chain perpetual contract (kiloex), trading bot), social information plug-in, and search plug-in.
Through the innovative DPrompt model and zkML/opML technology, REVOX realizes on-chain AI reasoning and efficient verification, ensuring the security and transparency of computing.
Currently, the more important products in the REVOX ecosystem are: RVOX Lense, REVOX SmartWallet and REVOX Studio.
REVOX Lense
REVOX Lense is more like a "Web3 version of GPT", providing one-stop information integration and analysis for on-chain assets. Currently, REVOX Lense has attracted 17 million users and is the largest dApp on opBNB. REVOX Lense can be seamlessly integrated with the user's wallet, automatically identifying assets and displaying high-quality news, social media trends and discussions related to wallet assets. By integrating wallet data, REVOX Lense also aggregates information into comprehensive reports to provide users with a holistic view of their asset performance, market sentiment and potential future trends. It can also answer investment questions encountered by users in the existing market, provide professional answers, and help users make informed decisions about their asset portfolios.
REVOX SmartWallet
REVOX SmartWallet is an AI-driven self-hosted wallet that simplifies DeFi operations, solves complex staking and cross-chain problems, and allows ordinary users to easily enjoy high-yield opportunities. SmartWallet can connect user wallets to multiple blockchain networks to simplify access to crypto assets. As an AI-driven wallet, REVOX SmartWallet can achieve AI-driven:
Multi-Dex Token Swap: Instantly query the real-time exchange rates of most DEXs to ensure the best trading rate;
Perpetual DEX: By screening the best protocol integration to obtain perpetual trading functions;
· Multiple cross-bridge solutions: AI agents provide the most cost-effective and seamless cross-bridge recommendations.
REVOX Studio
REVOX Studio is the core low-code development platform of the REVOX ecosystem. It provides developers with a powerful and user-friendly environment for building, deploying and managing decentralized AI applications. With its diverse plug-in library and integrated agent market, REVOX Studio enables developers to create complex AI agents and applications that can interact seamlessly with Web3 protocols.
REVOX Studio main features are:
Low-code development: Simplifies the creation of AI+Web3 applications, making them accessible to even low-level developers.
Agent Marketplace: Facilitates sharing and monetization of AI Agents.
Integration with Web3: AI agents on its marketplace can perform on-chain transactions and interact with smart contracts.
Rich plugin library: Provides pre-built plugins to speed up development.
For example, users can click into the REVOX Studio interface and search for available AI agents and plugins. In addition, users can also create their own AI agents in the interface.
3. Major milestones and financing background, REVOX's strong rise
In addition to REVOX's products, its financing and background are also good:
In August 2022, REVOX (formerly ReadON) completed a $2 million seed round of financing led by SevenX Ventures, with participation from HashKey Capital and others.
In March 2023, REVOX was selected as the third prize for the best social dApp at BNB Chain Connected 2023.
In June 2024, REVOX announced the completion of a strategic round of financing, with participation from SevenX Ventures, Arweave SCP Ventures, Cointelegraph Acceleration, Skyland Ventures, Taisu Ventures, 0x Consulting, 7 upDAO and other institutions.
In July 2024, REVOX ranked first in the number of independent active addresses in the entire domain, and the second to fourth places were: Raydium, Hot Protocol, Uniswap, and UXLINK. Currently, its total number of users has exceeded 21 million, making it a representative project of the Web3 AI ecosystem and one of the largest AI projects in the BNB Chain ecosystem.
In October 2024, REVOX was selected for the eighth season of the Binance Labs MVB Accelerator Program. REVOX deployed AI encryption applications such as Lense and Smart Wallet in the BNB Chain ecosystem to help users complete multi-chain wallet connection and management, on-chain assets and off-chain data access, complex DeFi process transactions and other operations through AI.
Additionally, REVOX is the winner of the Solana Riptide Global Hackathon Community Award and the first prize winner of the Arweave-sponsored Web3 Infra Hackathon.
4. REX’s Token Economy and Roadmap
Token Economy: Stake-to-AI economic model, providing fuel for AI Agent. Staking REX to obtain AI points, rewarding long-term holders with ecological incentives
Basic information: Governance token REX, total supply: 3 billion
Community airdrop: 10%, unlocked at TGE
Community staking and future incentives: 50%, 6-month Cliff unlock, 4-year linear unlock
Liquidity + Marketing: 5%, unlocked at TGE
Team and Advisors: 15%, 6-month Cliff unlock, 4-year linear unlock
Investors: 20%, 6-month Cliff unlock, 2-year linear unlock
REX can play a core role in platform governance, payments, and ecosystem rewards. Including, for payment of fees, REVOX's core products (such as Lense, SmartWallet, Studio, Agent Marketplace) and third-party products that support REVOX AI payments all accept REX as a payment method. Using REX to pay can enjoy discounts based on dynamic prices.
In addition, users can also stake REX for sREX and participate in multiple rights and interests in the REVOX ecosystem to obtain ecosystem rewards. REX and sREX support 1: 1 exchange.
The core uses of sREX tokens include:
sREX holders receive AI service points based on their holdings every day, which can be used for REVOX products and partner ecosystem;
sREX holders can join the staking pool to receive additional rewards: within 180 days after the TGE, the staking pool will be directly funded by the REVOX Foundation. After 180 days, the staking pool rewards will be a combination of the foundation’s funding and short-term redemption of deducted tokens;
Participate in token airdrops. For projects built in REVOX Studio or distributed on REVOX Marketplace, sREX holders will have the opportunity to receive airdropped tokens based on their participation and holdings.
· sREX’s design features enable it to:
1. It will not directly affect the price of REX;
2. Short-term holders will face a higher token deduction rate after unstacking, which can alleviate REX inflation;
3. The deducted tokens will incentivize long-term stakers;
4. 50% of the deducted tokens will be permanently destroyed, increasing the return rate for long-term holders.
Its official data shows that REVOX will launch the REVOX AI MEME token tool and REVOX AI Agent market in Q1 2025.
5. Airdrop Rules and Collection
Airdrop Rules:
Complete the KYC certification of the trading platform and provide UID and deposit address;
NFT holders, the NFT snapshot time is December 5, 2024, 3-Star Catto NFTs receive basic rewards; 4-Star Catto NFTs receive enhanced rewards;
· REVOX Galxe loyalty points greater than 499;
ReadON APP participation: ReadON DAO points are greater than 99 (ReadON DAO points snapshot time is November 19, 2024); ReadON SBT level is higher than 2 (ReadON Points snapshot time is November 19, 2024);
REVOX Lense, Smart Wallet, Studio and Contenthub: REVOX Points greater than 1999 (REVOX
The snapshot time of points is December 7, 2024); REVOX Advanced Points are greater than 0; Users who have obtained REVOX AI Points (the snapshot time is November 19, 2024).
· Receive: Go to the airdrop website to check the amount of tokens. REX will be sent to the user's bound exchange account or wallet account.
VI. Conclusion
Balaji Srinivasan, former CTO of Coinbase, recently wrote that AI originated from academic research and large technology companies and has a high reputation; cryptography originated from anonymous forums and Internet communities, so it had a low reputation at first. However, AI makes everything easy to forge, while cryptography makes forgery difficult, and the reputations of the two may gradually converge. Although AI is widely recognized as an important technology with civilizational significance, the value of cryptography is underestimated, and the reputations of the two will gradually approach each other in the future. In addition, AI is essentially power-centralized, while Crypto represents decentralization, and the two have a lot of technical fit.
Of course, there are skeptics who say that the combination of "AI+Crypto" is just a temporary hype, and that crypto technology has not yet had a lasting impact or widespread application in the fields of entertainment, games, and social media. But this is exactly the problem that "AI+Crypto" can solve - Mass adoption of encryption. AI Agent has greatly reduced the threshold for users to enter Web3, and has also created greater possibilities for encryption to go mainstream. Previously, Tommy, co-founder of Delphi Digital, predicted that the total market value of AI+Crypto may grow from the current $43 billion to more than $250 billion. Many projects that have been developed for many years will be launched one after another, especially those intelligent tokens that cannot be built on traditional AI platforms (such as ChatGPT, etc.) will usher in explosive growth.
The entry of traditional venture capital into Crypto+AI, the rapid technological updates and integration of Open AI into the public, and the crypto-friendly policies after Trump took office will all promote the development of Crypto+AI in 2025. Just like the DeFi Summer in 2020, "AI+Crypto" may usher in the next DeFi Summer.
Therefore, the combination of AI and Crypto will become the core narrative of future technology. As a pioneer in AI Agent infrastructure, REVOX is gradually building an "operating system" that connects AI and the decentralized world, providing developers and users with a revolutionary intelligent experience.
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