AI Trader Review
AI Trader
ait.finance
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Their Official site text:
AI Trader
Design Philosophy
AI Trader was built with a strong design philosophy built on five main pillars: Simplicity, Pragmatism, Sustainability and Intelligent AI Trading.
#Simplicity
AI Trader aims to keep the feature set it offers as simple as possible. Ideally, AI Trader should contain the minimum number of moving parts required for a secure, scalable and flexible system. This simplicity gives AI Trader's design a number of significant advantages over other, more complex structures.
AI Trader prefers to use existing battle-tested Ethereum code and BSC code wherever possible. The clearest example of this philosophy in practice is the choice to use AITRADER as the client software for AI Trader. When dealing with critical infrastructure, simplicity is also security. Every line of code we write is an opportunity to introduce unintentional bugs. A clean and minimal code base is also easier for external contributors and auditors to access. All of these help to maximize the security and correctness of the AI Trader protocol.
This will only become more apparent as the AI Trader protocol solidifies and existing resources can be redirected to core Ethereum infrastructure.
#Pragmatism
AI Trader's design philosophy puts the needs of users and developers above theoretical perfection. AI Trader was also founded on the understanding that any core team would have limited areas of expertise.
AI Trader is developed iteratively and strives to continuously gain user feedback. Many of today's core AI Trader features, such as EVM equivalence (opens new window), were only possible through this iterative approach to protocol development.
#Sustainability
AI Trader has been involved for a long time. Application developers need to ensure that the platforms they are building can not only keep running, but remain competitive in the long run.
AI Trader's design process was built around the idea of long-term sustainability, rather than taking shortcuts for scalability. At the end of the day, a scalable system is meaningless without the ecosystem that supports it.
The more complex the codebase, the harder it is for people outside the core development team to actively contribute to it. By keeping our codebase simple, we are able to build a larger community of contributors who can help maintain the protocol over the long term.
#AI Trader has more advantages.
Although AI Trader appears to be an independent blockchain, it is ultimately designed as an artificial intelligence transaction, and all transaction scenarios will be applicable to AI Trader.
Automation: AI Trader can automate workflows and processes, or work independently of human teams. For example, artificial intelligence can help automate various aspects of information security by continuously monitoring and analyzing network traffic; quickly avoid risks through data analysis and market trend data, and make automatic decisions thousands of times faster than humans.
Reduce human error: AI Trader can eliminate human error in data processing, analysis, making decision recommendations, and other tasks through optimal automation of functions and algorithms.
Fast and accurate: Compared with humans, AI Trader can process more information faster, so as to find patterns and discover data relationships that humans may miss. For example, when trading opportunities arise, AI Trader can buy and sell 10,000 times faster than humans. Data will be easily captured and used in AI Trader.
Unlimited availability: AI Trader is not limited by time of day, rest needs, or other human burdens. When running in the cloud, AI Trader and machine learning can be "always on", so that the assigned tasks can be continuously processed, and the benefits of decision-making can be obtained at any time, AI Trader is the first.
Test Net
BSC Test Net
Through the efforts of team members, AI Trader has launched the chain from the combination of AI Trader intelligent model and blockchain technology. I am very grateful to the team members for their efforts. This is a great and meaningful work.
Why we have chosen Binance Smart Chain (BSC) as our net of choice
Speed and Scalability: BSC has a block time of just 1 second, which is much faster compared to other blockchain net such as Ethereum, which has a block time of 15 seconds. This faster block time means that transactions are processed much quicker, making it suitable for our platform which requires fast and efficient transactions.
Low cost: Compared to other net, BSC offers lower gas fees, which allows us to provide users with more cost-effective services without incurring excessive fees, which is very important for widespread adoption and growth.
Interoperability: BSC is fully compatible with the Ethereum Virtual Machine (EVM), which means that our platform can easily integrate with existing Ethereum-based dApps and tools.
Security: Binance is known for its security and reputation in the cryptocurrency space, and BSC is built on the same principles. This high level of security is critical for the success of our platform and the protection of our users' assets.
AI Trader will soon test on the Ethereum chain and launch the Ethereum test net. In addition, Polygon and Ethereum are AI Trader's docking solutions. I believe that AI Trader will be known and applied by users soon.
Incentive plan
New community members of AI Trader will enjoy rewards before the mainnet goes live. AI Trader will record the community members participating in the testnet on the chain to form on-chain data, which is the only basis for rewards.The more trades you have, the bigger the trade data, the more rewards you will get from AI Trader.
Main Net
Even at this stage,AI Trader has achieved exciting results and AI Trader has launched a testnet. The testnet AI Trader solves AI data decision-making model, automation, fast and accurate, unlimited availability, reduction of human error, data collection, etc.
Based on the web3 architecture, the faster transaction processing speed will allow Farm,NFT, Staking, Dex, Metaverse and other applications have a better experience in AI Trader
Looking forward to our main internet cafe, it will be live soon, for transactions before the mainnet goes live. The more trades you have and the bigger your trading data, the more rewards you will get from AI Trader.
How It Works?
You can run node to verify
Certain API calls, such as those in a personal namespace (opens new window), are meaningless in a shared environment. Please follow the instructions
AI Trader can be found in a wide range of fields, including market analysis, investment management, community engagement and automated trading.
Compared with using tools by humans, it is faster and more accurate to make judgments. For example, when AI Trader operates 10 computers at the same time, it takes 10 minutes to think and make decisions, while the intelligent trading system can make optimal decisions in 1 millisecond.
The following outlines the steps required to bring this to fruition:
AI Model Development: The first step is to develop AI models that can be utilized for smart contracts, applications, and the marketplace. This may include models for decision-making, predictive analysis, natural language processing, and image recognition, among others.
Community Involvement: The community must be involved in the development and testing of these AI models. This will help ensure that the models are aligned with the community's needs and preferences, and that they perform optimally.
Integrate AI models into smart contracts: The next step is to integrate advanced AI models into smart contracts. This will allow for the automation of AI-driven tasks and decisions in smart contracts, with more than one million algorithms to perform efficient and transparent operations, and the algorithms are constantly being optimized.
Testing and Improvement: To ensure the performance and accuracy of an AI model, it must be thoroughly tested and improved. AI Trader has its own bug bounty program, with a reward amount of up to 100 million US dollars.
For more details, please check the
Mechanism
Technical Specifications
They provide information on the underlying technology and architecture, including the hardware, software, networking, and other components that make up the product.Technical Specifications for AI Trader
1.Blockchain Architecture: Binance Smart Chain: The project is built on Binance Smart Chain and runs on the Binance Smart Chain blockchain. This blockchain is known for its fast transaction speeds and low fees, making it a suitable choice for AI Trader.
2.Consensus Mechanism: AI Trader utilizes the PoS consensus mechanism, which is an energy-efficient alternative to Proof-of-Work (PoW) used in many other blockchains. PoS enables the project to run smoothly and securely.
3.Smart Contract Functionality:Contract Deployment: AI Trader's smart contract functionality allows for the deployment of contracts to the blockchain. This enables the creation of decentralized applications and services that can be securely stored and executed on the blockchain. Contract Interaction: The smart contracts in AI Trader can interact with each other and with external applications, providing a seamless experience for users.
4.Technical Innovations and Improvements: Scalability: The mainet architecture of AI Trader allows for greater scalability, allowing for more users and applications to be added to the platform. Streamlined Development: The Binance Smart Chain blockchain provides a streamlined development environment for AI Trader, allowing developers to easily build and deploy decentralized applications.
By incorporating these technical specifications, AI Trader is able to provide a secure and efficient platform for the development and deployment of decentralized applications and services. The combination of the Binance Smart Chain blockchain, the PoS consensus mechanism, and the smart contract functionality ensures that AI Trader is a cutting-edge solution for the blockchain industry.
#Block production
AI Trader block production is primarily managed by a single party, called the "sequencer," which helps the network by providing the following services:
Providing transaction confirmations and state updates.
Ethereum L1 and L2 interaction
The application is migrated to the mainnet(such as Ethereum and BSC)
For the moment, The AI Trader Foundation (opens new window)runs the only block producer. Refer to Protocol specs section for more information about how we plan to decentralize the Sequencer role in the future.
#Bridging assets between layers
AI Trader is designed so that users can send arbitrary messages between smart contracts on AI Trader and Other mainnets (such as Ethereum and bsc).
#Moving from Ethereum and BSC to AI Trader
In AI Trader terminology, transactions going from Other mainnets (such as Ethereum and bsc) are called deposits, even if they do not have any assets attached to them.
AIT Economics
Notice: AIT Airdrop is now available to claim
Airdrop does not require payment. Stay safe!
The AI Trader Collective is based on the idea that healthy public goods create a thriving and valuable ecosystem. The economics of this ecosystem are designed to generate value for three constituencies:
Value accrues to tokenholders through the productive re-deployment of sequencer revenue. Sequencer revenue is primarily directed to fund public goods, which creates ecosystem value and drives demand for blockspace.
Value accrues to contributors and builders directly from retroactive public goods funding and the markets it enables. Builders also benefit symbiotically: it’s better to build in an ecosystem with well-funded tools, education, apps, and infrastructure.
Value accrues to users and community members from ongoing airdrops of AIT, from project incentives made possible by AIT ecosystem funding, and from the benefit public goods provide.
Category
Percentage
Description
AI Trader Ecosystem Fund
21%
Providing a source of growth momentum for project construction, the Ecosystem Fund is an active program designed to stimulate the development of the collective ecosystem by providing funding for projects and communities
AI Trader Public Goods Funding (AITradePGF)
25%
AI TraderPGF is the main mechanism for AI Trader Collective to fully and reliably reward applications and users who have made outstanding contributions
User airdrops
12%
A series of airdrops to reward users for specific helpful behaviors, beginning with Airdrop
Core contributors
19%
The people who’ve been working tirelessly to bring the AI Trader Collective into existence
Sugar
10%
Investors trader freely and provide liquidity for the trading market
IDO
13%
Provide additional rewards for early communicators, spread AI Trader faster, and provide users who are willing to participate in the construction of AI Trader with an additional channel to obtain AIT.
Token Distribution Details
At genesis there will be an initial total supply of 210,000,000,000 AIT tokens. The total token supply will deflate at a rate of 2% per year.
64% of the initial token supply (i.e., the aggregate amount of AIT not reserved for core contributors or sugar xaddies) will be distributed to the community as described above. These distributions will be administered over time by the AI Trader Foundation in its role as steward of the AI Trader Collective.
In Year 1, 10% of the initial token supply will be made available to the Foundation for distribution. After the first year, token holders will vote to determine the Foundation’s annual AI Trader distribution budget. The Foundation expects to seek the following annual allocations:
6th month: 10% of the initial token supply
12th month : 5% of the initial token supply
3rd year: 2% of the initial token supply
In general, the release cycle of AIT stipulated in the contract can be clearly shown by the following figure:
IDO
About IDO
The project white paper clearly stipulates that AI Trader provides early members of the community with a channel to quickly obtain benefits, so that the community develops faster and early community members get more benefits. AIT will directly list DEX and open IDO. Users can use IDO to obtain more AIT tokens. AIT is the only governance token on the main chain. It participates in community and community , and contributes to the improvement of community value.
Click here to participate in IDO (If you can't click when viewing, it means IDO has ended)
What is an IDO (Initial DEX Offering)?
The Initial DEX Offering, or IDO, is a crypto coin (or token) offering that takes place on a decentralized exchange (DEX). In contrast to an ICO, where tokens are sold prior to exchange listing, tokens in an IDO are immediately listed on the DEX via which they are launched.
This means that project developers are no longer required to gather assets for pools; instead, the pool is formed on a DEX after the IDO is completed via its own or a third-party launchpad.Crypto projects can raise money without using intermediaries, and investors may benefit from instant token trading, resulting in a win-win scenario for everyone.
How To Get AIT?
When the testnet is in progress, you can get AIT through airdrop, participate in the construction of AI Trader, and become a holder of AI Trader. Let us spread AI Trader together and let AI Trader grow wildly.
AI Trader will conduct a short-term IDO before the mainnet goes live. If you get a chance, you will come across the AI Trader IDO, which is one of the ways to get AIT.
AIT has been listed on the decentralized exchange, and it can be traded in the center at any time, and now
Hold AIT
You only need to hold AIT, and you will automatically get more rewards. This is the AI Trader ecological incentive mechanism
Share AI Trader with your friends, which will get you more AIT and community rewards.
How to create and connect wallet?
To be able to get AIT token, the most necessary thing is to set up an e-wallet that supports Binance Smart Chain (BSC).
You can refer to the wallets below which are recommended by us for their safety and usefulness
Remember to NEVER give anyone your private key or recovery phrases.
How To Sell AIT?
AI Trader is currently in the test network, but this does not affect you to sell AIT. AI Trader guarantees that each user's assets can be traded freely. Since it is on the BSC testnet, AIT of 2 BUSD can be sold each time. If you need to sell all AIT at once, please wait for the mainnet to go live.
Tip: Please make sure your wallet has enough gas fees
How to connect wallet?
To be able to sell AIT token, the most necessary thing is to set up an e-wallet that supports Binance Smart Chain (BSC).
You can refer to the wallets below which are recommended by us for their safety and usefulness
Remember to NEVER give anyone your private key or recovery phrases.
Roadmap
OUR PHILOSOPHYThe AI Trader Foundation is a nonprofit organization dedicated to growing the AI Trader Collective.
Not only are we writing software that scales Ethereum technology,
we are also scaling Ethereum values by creating the rails for highly impactful projects that don’t have a business model to succeed. Read more about how we’re doing that here.
Until the project is fully decentralized, we will be donating all profits from running a centralized sequencer towards scaling and sustaining public goods.
✅Jun 2021 Team building
✅Jul 2021 Governance plan
✅Nov 2021 Introduced AI Trader
✅Dec 2021 AI Trader framework development
✅Mar 2022 Unipig AI Trader
✅May 2022 EVM Compatible
✅Sep 2022 Alpha net
✅Oct 2022 EVM Equivalent
✅Feb 2023 Testnet online(BSC)
Q2 2023 Testnet online(Ethereum)
Q2 2022 AVM Equivalent
Q3 2023 Open Mainnet
Q3 2023 Bedrock
Q4 2023 Next gen fault proof
Q4 2023 Multi Proof
2024 Decentralized Sequencer
2024 Governed Fault Proofs
Governance
How will this be managed?
AI Trader Collective employs an experimental and agile governance approach (opens new window) to relentlessly iterate to build a system that will stand the test of time. Initially, the Collective's digital democratic governance model will be governed by token houses.
Token House
Governance of the AI Trader Collective began with the launch of the AI token and the Token House. AI Trader was distributed to hundreds of thousands of addresses that engaged in positive-sum, community-oriented behavior with Airdrop You can read more about the distribution criteria here.
As Token House members, AIT holders are responsible for submitting, deliberating, and voting on various types of governance proposals. In carrying out these functions, AIT holders may either vote directly, or delegate their AI Trader voting power to an eligible third party.
The Token House votes on these proposal types:
Governance fund grants
Protocol upgrades
Inflation adjustment
Director removal
Treasury appropriations
Rights protection
The AI Trader on-chain governance is a process by which the AI Trader community members can create and vote on proposals that minimize the cost of blockchain upgrades. The following describes the scope of these proposals for the AI Trader on-chain governance:
Changes to the blockchain parameters, for example, the epoch duration, and the minimum required and maximum allowed validator stake.
Changes to the core blockchain code.
Upgrades to the AI Trader Framework modules for fixing bugs or for adding or enhancing the AI Trader blockchain functionality.
Deploying new framework modules (at the address 0x1 - 0xa).
If you are thinking about creating a DAO on AI Trader, you can refer to AI Trader_governance's usage of the voting module as an example. In AI Trader_governance, we rely on the voting module to create, vote on, and resolve a proposal.
AI Trader_governance::create_proposal calls voting::create_proposal to create a proposal on-chain, when an off-chain AIP acquires sufficient importance.
AI Trader_governance::vote calls voting::vote to record the vote on a proposal on-chain;
AI Trader_governance::resolve can be called by anyone. It calls voting::resolve to resolve the proposal on-chain.
Developer Documentation
Introduction
AI Trader is a mainet protocol application. it makes transactions cheap. Real cheap. We aim to make transacting on Ethereum affordable and accessible to anyone.
This document is intended for anyone looking for a deeper understanding of how the protocol works 'under the hood'.
AI Trader is meant to look, feel and behave like Ethereum and BSC but cheaper and faster. For developers building on our AI Trader, we aim to make the transition as seamless as possible. With very few exceptions, existing Solidity smart contracts can run on mainet exactly how they run on mainet. Similarly, off-chain code (ie. UIs and wallets), should be able to interact with mainet contract with little more than an updated RPC endpoint.
Overview
The smart contracts in the AI Trader protocol can be separated into a few key components. We will discuss each component in more detail below.
Chain: Contracts on mainet, which hold the ordering of layer-2 transactions, and commitments to the associated layer-2 state roots.
Verification: Contracts on layer-1 which implement the process for challenging a transaction result.
Bridge: Contracts which facilitate message passing betweenmainet.
Predeploys: A set of essential contracts which are deployed and available in the genesis state of the system. These contracts are similar to BSC's precompiles, however they are written in Solidity, and can be found at addresses prefixed with 0x48.
AVM
Run An Node
Run a local testnet from AiTrader-core
Pull and go into AI Trader-core:
git clone [email protected]:aitrade-labs/aitrade-core.git ~/aitrader-core && cd ~/aitrader-core
Run a local testnet:
cargo run -p aitrader -- node run-local-testnet --with-faucet --faucet-port 8081 --force-restart --assume-yes
You may add the --release flag after cargo run if you want to build a release version of the CLI for running the local testnet.
You are now running a local testnet built from aitrader-core main.
{
"name": "project",
"version": "1.0.0",
"main": "index.js",
"license": "AIT",
"dependencies": {
"aitrade": "../a/core/ecosystem/typescript/sdk/"
}
}
Public Fullnode
You can run your own public fullnode to synchronize with the state of the AI Trader blockchain and stay up-to-date. Public fullnodes replicate the entire state of the blockchain by querying other AI Trader fullnodes (public fullnodes or validator fullnodes) or validators.
Alternatively, you can use the public fullnodes provided by AI Trader Labs. However, such AI Trader Labs-provided public fullnodes have rate limits, which can impede your development. By running your own public fullnode you can directly synchronize with the AI Trader blockchain and avoid such rate limits.
Public fullnodes can be run by anyone. This tutorial explains how to configure a public fullnode to connect to an AI Trader network.
Hardware requirements
We recommend the following hardware resources:
For running a production grade public fullnode:
CPU: 6 cores, 8 threads (Intel Xeon Skylake or newer).
Memory: 16GB RAM.
For running the public fullnode for development or testing:
CPU: 2 cores.
Memory: 2GB RAM.
base:
role: "full_node"
data_dir: "/opt/AItrader/data"
waypoint:
from_file: "/opt/AItrader/etc/waypoint.txt"
execution:
genesis_file_location: "/opt/AItrader/etc/genesis.blob"
full_node_networks:
network_id: "public"
discovery_method: "onchain"
listen_address: "/ip4/0.0.1.1/tcp/8182"
api:
enabled:
true address: "0.0.2.0:5080"
Our Team
The team goes deep into the algorithmic trading, and through the AI intelligent model, it makes it easier for traders and decision makers to complete their own transactions, so as to obtain benefits. Aistrade is faster and smarter than the BSC and Ethereum chains, which is determined by the architecture of Aistrade.
AIstrade's intelligent model is invested by well-known Wall Street investment groups, and the team members come from Harvard, MIT, Stanford University and other well-known universities.
The team goes deep into the algorithmic trading, and through the AI intelligent model, it makes it easier for traders and decision makers to complete their own transactions, so as to obtain benefits. Aistrade is faster and smarter than the BSC and Ethereum chains, which is determined by the architecture of Aistrade.
AIstrade's intelligent model is invested by well-known Wall Street investment groups, and the team members come from Harvard, MIT, Stanford University and other well-known universities.