Neuromation’s Neurotoken (NTK) has been added to the Yobit exchange. The Neuromation platform uses distributed computing along with blockchain proof-of-work tokens, revolutionizing AI model development. It combines all the components necessary to build deep learning solutions with synthetic data in one place. Neurotokens allow users of the platform to buy and sell services, including data generation & labelling and model training & purchase.
The price of each Neurotoken is set at 0.001 ETH, and Neuromation has a token burning policy where they will gradually burn the tokens out of circulation. 30% of tokens will be burned in 2018, a further 20% in 2019, and 10% in 2020. Neuromation believes this strategy will create a demand for tokens that will be 90 times higher than supply.
Neuromation’s ICO has been a huge success, selling out of its issued Neurotokens in just eight hours of public sale. The sale, along with the preliminary sales period, resulted in 60 million Neurotokens sold for a total of $50MLN.
