A new cryptocurrency project, Peculium, aims to harness the power of machine learning and artificial intelligence to build wealth for savers and investors. The team behind it, based in France and led by entrepreneur Rashid Oukhai, believes in transparency, and to this end will apply blockchain technology.
Peculium comes from the word Latin “pecul,” which means savings. The artificially intelligent program behind the project is named “AIEVE” (Artificial Intelligence, Ethics, Values, and Equilibrium). AIEVE, regarded as an “advisor,” uses complex algorithms to diversify investments to minimize risk and maximize gain. The program will assist individuals, brokers, and companies manage their cryptocurrency assets in a similar way to how traditional assets are managed. According to the Peculium whitepaper, AIEVE builds on decades of research into artificial intelligence to profitably manage cryptocurrency assets.
Peculium will offer various services for investors to meet their needs. These services vary in their level of autonomy of management, and will allow for real-time monitoring by investors. The most basic service offered by the project is Singulus, which emphasizes stability and security. Investors can add features to this service by subscription, and can self-manage it or call brokers or partners for assistance. With the option to add AIEVE as an advisor, the service is referred to as Singulus+.
The First Solidus Contract (FSC) will be a self-managed “smart contract” that will run for a period of six months. A quarter of the funds collected during the crowdsale will be put into this contract. Investors in Peculium will be able to witness the power of AIEVE to manage cryptocurrency assets. Investors in the FSC will receive 50 percent of the profits, and the other half will be reinjected into Peculium to allow the project to grow. Similarly, the profits of other contracts will evenly be split between investors and Peculium. The profits will be distributed in the form of Ether (ETH), the cryptocurrency of Ethereum.
Alterus is a smart contract that will be available for businesses and financial institutions. This service will provide greater options for businesses and institutions to meet their needs. Those using the Alterus service can decide how much management will be delegated to AIEVE.
As a platform running on top of the Ethereum blockchain, the Peculium tokens (PCL) will be ERC20 compatible, so that they can be securely stored in standard Ethereum wallets. A maximum of 20 billion PCL tokens will be issued, and up to 15 percent of those will be held by the team and advisors to manage the project. These tokens represent shares of the project, with profits distributed to token holders proportional to their ownership of PCL.
The crowdsale will be running from November 1, 2017 to March 1, 2018. The presale runs from November 1 to November 25, 2017, and the initial coin offering (ICO) will run from November 26, 2017 to March 1, 2018. After March 1, 2018, the project will continue its marketing to attract institutional and big investors.
*I am receiving Peculium tokens for the growth of the community.