The highly anticipated AiDoge project launched its presale yesterday, with the AI-powered meme-generating platform raising more than $100,000 within its first 24 hours.
Running on Ethereum, AiDoge is planning to raise a total of $14.9 million before it launches its platform and its $Ai token lists on exchanges.
50% of Ai's maximum supply of 1 trillion will be allocated towards the presale, which is in its first stage and is currently selling the token for a price of $0.00002600.
This will rise to $0.00003360 by the 20th and final stage, representing an increase of 29%, and that's even before exchange listings potentially cause Ai's price to surge.
Combining the two popular currents of artificial intelligence and crypto-related memes, AiDoge enables users to harness the power of advanced AI technology in order to create topical and timely memes, for which they can potentially receive rewards in $Ai.
This is the platform's core idea, for which it has already begun attracting significant interest, as indicated by its success in raising more than $100,000 in less than a day.
At the heart of AiDoge's appeal is its simple, user-friendly interface, through which new memes can be created using nothing more complicated than text-based prompts.
In other words, users write a short description of the kind of meme they'd like to see, with AiDoge's algorithms then using this information to design and generate a corresponding image.
Such a streamlined interface will make meme creation accessible to a wider demographic than ever before, with AiDoge's algorithm trained on an extensive dataset of memes and cryptocurrency news.
Importantly, this data will be regularly updated, enabling AiDoge to continually produce relevant and up-to-date memes.
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