📄Fundamentals
The core vision and execution of the project laid out.
Last updated
The core vision and execution of the project laid out.
Last updated
The PaLM AI project ($PALM) stands at the intersection of advanced AI technology and blockchain, offering both mass-adoptive utility bots that have the use-cases from everyday life to the deep realm of Web3 and tailored, whitelabeled bot solutions that cater to diverse needs of individuals, groups, businesses and projects.
Our project is about creating practical, customizable AI tools that the forementioned interest groups can integrate seamlessly into their existing modes of usage - namely platforms. This, we will call in this whitepaper 'multiplatform integration'. We view the project as a single entity that adopts to the needs of users, the latest advanced in AI and to ever-changing blockchain-related technologies.
The sustainability of adapting to these needs is secured by a talented team with hundreds of artificial intelligence product developments behind them for multiple platforms, namely the most commonly used platforms for business outreach - X (fmr. Twitter), Discord, Telegram, WhatsApp and Shopify. To gain outreach, the project maintains free-to-use adapted assistant bot solutions on most of these platforms for user growth and showcase - when clients have a reference point that is not only working but also trusted by users already, the deal for a custom solution is halfly sealed.
Secondly, the sustainability of providing these solutions both now and long-term for users is guaranteed by automated pipelines of both deployment & development - users can configure their custom solutions to the accuracy of as if they were writing the source code themselves. The deployments, docker management and customer service pipelines are overwhelmingly automated, allowing anyone to execute their idea in just a few simple clicks within a few short minutes.
Picture 1. PaLM Assistant deployed to a Web-application environment.
Thirdly, the continuance and the overall supported lifecycle of all products solutions by the project is made secure by project funding that is gained from three sources: the revenue generated by taxes of the tradeable $PALM token on Ethereum mainnet; the revenue generated by the business model of PaLM AI and private funding of the developer team.
The core of the project starts at two development branches: the $PALM on-chain utilities and the more comprehensive PaLM AI project business model. As such, the PaLM AI development team is split into two branches: the on-chain development team and the business model development team. The on-chain development team is responsible for the upkeep, deployment and development of the $PALM token and its holder-specific utilities, while the business model development team is responsible for the marketing, strategic decisions and development of the PaLM AI project business model and its products.
. The biggest reason to become a holder - as it in practice makes you an owner in the project. While there is no DAO, half of the overall revenue gained from the business model is distributed directly, with no fees involved for the users, in plain ETH to the holders wallets directly with airdrops, through a special revenue share program. The only eligibility is to be a holder, and your share of the revenue share pool will be distirbuted automatically at unannounced intervals, by a pledge not more than 4 weeks yet not usually less than 2.
Picture 2. PaLM AI Revenue Share Program.
2) Liquidity Pool Staking. You can stake your $PALM LP tokens to earn $PALM rewards. The APR is dynamic, and there is a lock-in period of four days. Developer team buybacks are utilized to replenish the reward pool. The reward pool is replenished on a weekly basis. Commonly (jokingly) known as the '$PALM faucet'. Carries risks, be informed when participating.
3) Direct Holder Utilities. These include utilities on multiple platforms that require you to be a holder of $PALM to use. These include parts the multi-platform bot utilities, especially ones that are deemed exceptionally worthy for the user - the free to use features will also receive less frequent updates, with a good moderation. The unlocked holder-specific utility features are designed to be used by holders for their own benefit, and are not designed to be used for business purposes. The prerequisite for development of such a feature is that it must be legitimately something that a holder would wish to use. $PALM tokens will also be an in-built currency on the custom hardware module adaptation.
In addition, the team has for its Web2 operations a company which processes payments and handles the business model's fiat revenue.
The team has a strong commitment to decentralization, and as a mark of that 5% of developments will be moved on-chain every month, until a respectable threshold is achieved. The project aims in the end to be balanced with about half of all developments and deployments directly on the Ethereum mainnet or Layer 2 scaling networks, such as the SKALE Network. We also want to be at the forefront of fixing issues related to Ethereum mainnets scalability and handling of the large volume it is under - as such, we have developed gasless (for the end-user) solutions that allow more wider adoption of both our utilities and the Ethereum network in general, bringing value directly from the chain to our project.
