PrivateAI PricePGPT

What is PrivateAI (PGPT)?

PrivateAI (PGPT) is a secure protocol built to store, process, validate, and sell data assets. It operates as a Peer-to-Peer Data-as-a-Service (P2P DaaS) network that allows data owners and producers to upload, showcase, and monetize high-quality datasets. The protocol uses Semantic Models to capture anomalies and ensure that datasets are Machine Learning ready, while Knowledge Graphs provide visual representations of complex data so that AI systems can understand wider context, develop semantic analysis, and support critical thinking.

PrivateAI is designed for researchers, AI engineers, and institutions. It aims to transform how AI interprets and utilizes research data by turning data into research graphs and fostering innovation across scientific domains. The project's stated ultimate goal is to enable breakthrough discoveries in life extension, with an AI-native distributed data platform intended to build a domain-specific Large Language Model for the longevity industry. PGPT is built on BNB Smart Chain as a BEP20 token with a maximum supply of 100M PGPT and a total supply of 33.33M PGPT. The project launched in April 2024 and has since moved into public market trading and platform development.

Key Specifications & Tokenomics

• Name: PrivateAI
• Ticker/Symbol: PGPT
• Blockchain / Built On: BNB Chain (BNB Smart Chain)
• Token Standard: BEP20
• Smart Contract Address: 0x33a64943a0eaecc2b06b10f89686b797ba75ffad
• Decimals: 6
• Total Supply: 33.33M PGPT
• Max Supply: 100M PGPT
• Self-reported Circulating Supply: 33,333,333 PGPT
• Category: BNB Chain Ecosystem; Artificial Intelligence (AI); Real World Assets
• Official Website: https://privateai.com
• Block Explorer: https://bscscan.com/token/0x33a64943a0eaecc2b06b10f89686b797ba75ffad
• CertiK Rating: 3.6
• Launch Date: 2024-04-01

The PGPT token represents the value of datasets hosted by the PrivateAI ecosystem. Users pay for data using PGPT and earn PGPT for contributing their data to community-sourced knowledge graphs. The CoinMarketCap team has not verified the project's circulating supply.

Who created PrivateAI?

PrivateAI was co-founded by Angel Versetti, who serves as CEO. Versetti is described as a serial entrepreneur and Forbes 30 under 30 Global, and he studied for an MSc in Evidence-Based Healthcare at Oxford University. His stated ultimate dream is to harness collective scientific knowledge and research to enable people to live longer or even forever, which he views as essential for humanity to travel beyond the Solar System and colonize other planets.

The core team includes Kate Ianishevska as COO, Maxim Prishchepo as Chief Technology Officer, Grigory Gonastarev as Cryptoeconomist, and Amir Umaev as Software Engineer. The project is described as led by former executives of Fantom, Filecoin, Dogecoin, and Syscoin, with an executive team that has multiple prior exits in web3 and AI. General contact email is [email protected], and the CEO contact email is [email protected].

How does PrivateAI work?

PrivateAI uses a Privacy-by-design methodology in its core and ensures minimal data retention, strict access controls, and the ability to manage and delete data. The protocol utilizes Fully Homomorphic Encryption (FHE) elements, enabling data security and AI model training while maintaining user privacy. Confidential Machine Learning (ConfML) and Tendermint-based consensus are employed to achieve a decentralized, privacy-preserving AI platform by ensuring secure data handling and consensus among nodes.

Knowledge Graphs give AI-powered systems the ability to understand the wider context of the data fed to the machines, enabling critical thinking, context awareness, and semantic analysis. These graphs become living, perpetually updated entities as the crowdsourcing community of scientists, researchers, and data providers expands the knowledge. The platform thus becomes the backend for longevity-related areas such as AI-based drug discovery, personalized medicine, genomic research, and deep analysis of ageing processes. A Data Marketplace allows anyone to purchase proprietary data found using knowledge graphs and language models, while contributors earn proceeds from sales.

What makes PrivateAI unique and valuable?

PrivateAI differentiates itself through its combination of Privacy-by-design, Fully Homomorphic Encryption, Confidential Machine Learning, and Tendermint-based consensus. This stack aims to deliver a decentralized, privacy-preserving AI platform where data can be processed and validated without exposing sensitive information. The use of Knowledge Graphs and Semantic Models ensures that datasets are Machine Learning ready and that AI systems can understand context rather than treating data as isolated points.

The project's focus on longevity and scientific research gives it a distinct narrative. By building collaborations with longevity-focused scientific research communities and partnerships with Lifespan.io and Aging Research Drug Discovery (ARDD) scientific consortia, PrivateAI positions itself at the intersection of AI, data ownership, and life-extension research. The platform also offers incubation services for companies building Generative AI, Large Language Models, and AI-powered data analytics, providing access to unique data from the collective scientific hive-mind and a mix of capital and AI tech to accelerate early-stage scientific projects.

What is PrivateAI used for?

PGPT allows users to transact freely on the PrivateAI platform and create demand for their data assets. In-platform payments allow clients to pay fees to access data, with rewards for data storage providers. AI Analytics services are paid via a subscription model, with rewards for data providers. Node Staking requires node holders to stake tokens to ensure commitment and performance, with rewards for maintaining nodes.

Data Tournaments let clients pay fees to access data and solve challenges on the platform to win a fraction of protocol fees. Scientific Articles award tokens to scientists for publishing high-quality research, while DAO Reviewers receive tokens for evaluating scientific articles. Early Participation Incentives include a Retrodrop for early adopters and participants. Bandwidth Fees pay for accelerated data upload and download. Client Incentives include staking for passive income. Token holders gain exclusive access to certain features and services, and loyalty programs are also listed as a token utility category.

How Is the PrivateAI ecosystem developing?

The PrivateAI ecosystem is developing around several use cases. Data Analytics Companies in healthcare can accelerate the journey from research to remedy, with AI-driven insights helping identify potential drug compounds, understand disease mechanisms, and personalize treatments. Research Labs in medicine can advance the frontiers of genetics by decoding complex genetic data and contributing to breakthroughs in gene therapy, genetic disorder research, and personalized medicine. GenAI Companies in astronomy can propel cosmic discoveries by analyzing astronomical data and simulating space missions.

Predictive Modeling in longevity integrates diverse datasets from genetics, molecular biology, and clinical studies to empower researchers with tools to decode the secrets of longevity and foster advancements in therapies and healthspan enhancement. PrivateAI is building collaborations with leading longevity-focused scientific research communities worldwide, having started discussions with research communities at Oxford University. The project has also built partnerships with Lifespan.io and Aging Research Drug Discovery (ARDD) scientific consortia. The platform includes a peer-to-peer data sharing environment and knowledge-intensive crowdsourcing with a dynamic reward system for data contributors.

How to mine PrivateAI?

PGPT is not mined through traditional proof-of-work mining. Instead, the token is distributed through participation in the PrivateAI ecosystem. Node holders stake tokens to ensure commitment and performance, with rewards for maintaining nodes. Data contributors earn PGPT for contributing their data to community-sourced knowledge graphs, and the platform provides a dynamic reward system for knowledge-intensive crowdsourcing.

Scientists can earn tokens for publishing high-quality research articles, and DAO Reviewers receive tokens for evaluating scientific articles. Data Tournaments allow users to solve challenges on the platform and win a fraction of protocol fees. Early Participation Incentives include a Retrodrop for early adopters and participants. Long-term staking is available for passive income, and bandwidth fees can be paid for accelerated data upload and download. These mechanisms collectively support the network and reward different types of participation.

How to keep your PrivateAI Coin safe?

PGPT is a BEP20 token on BNB Smart Chain, so it can be stored in wallets that support BNB Chain and BEP20 assets. Users should verify the official smart contract address before interacting with the token and should rely on the official website for updated information. Because the project uses Privacy-by-design principles and strict access controls, users should also apply standard security practices such as protecting private keys, using hardware wallets for larger holdings, and avoiding sharing sensitive wallet information.

When participating in staking, data contribution, or platform activities, users should review the official documentation and tokenology materials. The CoinMarketCap team has not verified the project's circulating supply, so investors should conduct independent research. It is also important to distinguish PrivateAI (PGPT) from a separate entity named Private AI, a Toronto-based privacy tech startup founded in 2019 by Patricia Thaine, Pieter Luitjens, and Gerald Penn, which is not affiliated with this project.