I recently read an article by Teng Yan @ 0xPrismatic and found that after the comprehensive upgrade of Function X on Upbit and Coinbase in 2019, a total of 820 million old coins $fx will also be replaced, with 100 $fx=1pundiai (a total of 8.2 million coins). ✅ In addition to currency exchange, Pundai will launch a testnet activity on February 20th. You can now apply for a whitelist. The application link and tutorial are as follows: 🔗 Whitelist: https://docs. ((google.com))/forms/d/e/1FAIpQLScuuZWGOICVbod8brwCDMpq5Wq7xRBi50YZzU-959Uer_U32Q/viewform ✅ course: After the whitelist application is successful, follow the following steps: 🔹 Enter the testing network task platform: https://testnet-label-pla9o3irjvhaw86g. (pundix.com)/testnet/ 🔹 Link Wallet 🔹 After completing the basic tasks, the platform will display your potential earnings in the form of test net USDT and FX tokens. 🔹 Tasks will use Google plugins: https://chromewebstore. ((google.com))/detail/purse+/poaokjepbekbiekmjnimmaggegabchmb? hl=en ✅ Pundai Introduction Pundai is referred to as "The OpenSea for Data" by Teng Yan, the most professional researcher in the field of Crypto x AI. Simply put, Pundai is a data trading platform that uses data tagging and validation, as well as on chain incentives, to encourage data providers to continuously contribute high-quality data and earn high returns. Data demanders pay tokens on the Pundai platform to purchase verified deep domain expertise data, ensuring the accuracy of AI output. Before analyzing Pundai, let's first look at a formula: AI=computing power+algorithm (model)+data, which is also known as the three mountains of AI. The three complement each other, and no company can do all three of these, which is also the bottleneck that limits the development of the industry. It goes without saying that in this era of GPU scarcity, building computing infrastructure to train AI models for small and medium-sized companies may not be the optimal solution. Even though Deepseek does not require high computing power for its Large Language Models (LLMs), if there is no good GPU for local deployment, you can only run the distilled water version. We still have computing power http://IO.NET 、 Distributed computing platforms such as Aethir and Hyperbolic provide solutions for AI startups, but what data do AI startups need the most? In today's open Internet data, there are few high-quality data samples. A reality is that the big language model is very good at answering questions in any field, but its performance in the face of problems in professional fields is unsatisfactory, and even sometimes there will be the illusion of "serious nonsense". In order to ensure the diversity, high quality, freshness, and accuracy of data, AI giants often enter into transactional agreements with owners of big data sources. For example, Open AI signed a $60 million agreement with Reddit, with Google building its own data sources through its search queries, YouTube content, and enterprise data, and Meta forming its own faction through social media content. It can be said that the more data these centralized platforms collect, the better their models become. The better their models become, the more users they attract, and more users will generate more data. Pundi AI will decentralize the most critical element of AI - data, adopt better incentives to attract different contributors, diversify contributors to provide higher quality and less biased data, attract more AI developers with better data, and create more opportunities for contributors. This is also the flywheel effect of the platform: ✅ Pundi AI Token Economics The team has been engaged in data construction under Function X. In 2019, they launched the $FX token to promote decentralized payments, and soon launched Upbit and Coinbase. Currently, the FX FDV is $300 million. After the project upgrade, Pundi AI did not launch any new coins, but instead utilized the existing ecosystem to rename FX tokens (total 820 million) as PUNDIAI (total 8.2 million) on February 25th, exchanging 100 FX for 1 PUNDIAI. 61% of FX tokens are entrusted and pledged, and there is basically no selling pressure after currency exchange. If the FX you hold is on an exchange, the exchange will automatically exchange it. If it is on chain, you need to exchange it yourself. PUNDIAI will serve as a dual token model to incentivize data providers, validators, and processors: 🔹 PUNDIAI - Liquid utility token used for trading. 🔹 VePUNDIAI - Voting custody token, consistent with long-term incentive mechanisms, similar to Curve's ve token mechanism, which allows for up to 4 years of lock up. VePUNDIAI holders can receive additional rewards through fee sharing agreements and Pundi Fun from AI proxy launchers.