VAIOT Price

What Is VAIOT (VAI)?

VAIOT is an advanced solution that utilizes both blockchain and artificial intelligence (AI) to offer intelligent virtual assistants (IVAs) based on VAIOT's Intelligent Contracts technology, an upgrade of the blockchain's smart contract. It operates on the Ethereum blockchain and on the Polygon Edge network, and takes advantage of GPT-3 and GPT-4 OpenAI models. These virtual assistants are accessible via mobile devices using natural voice recognition, and are suitable for both individual and business use.

VAIOT’s personal mobile assistant has numerous business applications in many niche sectors. For example, users only need to answer a few simple questions for the AI legal assistant to create secure legal contracts on the blockchain. Its AI-based digital service distribution channel can provide fully personalized recommendations for various insurance and legal services and products, with all transactions recorded on the blockchain. Notably, VAIOT’s VAI tokens are regulated in Malta as virtual financial assets by its Virtual Financial Assets Act, or VFAA.

VAIOT Price

The VAI token was introduced to the market in mid-February 2021 at $1.78, but quickly plummeted to $0.43 by the end of the month. In late March, VAI’s price crossed the resistance level of $0.98 and shot up to its ATH of $3.60 on Apr 2, 2021. However, the token's value then steadily declined, reaching a low of about $0.20 by late July. VAI experienced a slight price increase from August to November, fluctuating between $0.40 to $0.70.

In December, VAI’s value began to fall. After one of its operational wallets was attacked on Jan 31, 2022, confidence in the token's value diminished further, leading to a low of $0.00016 on Mar 9, 2022. Despite VAIOT's promise to reimburse lost funds, confidence in the token didn’t recover, and its value remained below $0.10 for the remainder of the year.

On Jan 9, 2023, VAI’s price rose to $0.10 and remained around this level till April where it dropped under $0.10. It continued its gradual decline in May to trade at around $0.06.

What Is VAIOT Used For?

The VAI token has extensive functions within the VAIOT ecosystem. For example, VAIOT's Payback Program rewards users who purchase a VAIOT solution with VAI tokens. VAI is also used for payment and transaction fees. In addition, VAI tokens can be deposited to the platform to gain preferential terms, pay for security node rewards and enhance price stabilization.

VAIOT Tokenomics

The max supply of VAI tokens is 400 million. The initial distribution of VAI tokens is as follows:

• 32% — token sale
• 25% — staking rewards
• 15% — team
• 12% — partners
• 10% — ecosystem
• 6% — project advisors

Who Is the Founder of VAIOT?

VAIOT was co-founded in 2018 by Christoph Surgowt (CEO) and Michal Szachno (Lead Blockchain Expert).

How to Store VAIOT

You can store VAI tokens in the VAIOT Wallet and in the Payback Bonus Wallet. The VAIOT Wallet is created upon request, while the Payback Bonus Wallet is automatically generated when you create an account with the VAIOT platform. Moreover, as an ERC-777 token, VAI can be stored in a variety of Ethereum-based wallets, including MetaMask, Trust Wallet and Ledger.