On the 8th of November, 2021 at 16:00 UTC, Decentralized Club had the honor of hosting Feng He, Founder of DeepBrain Chain, for an Ask-Me-Anything session on their Telegram page with a community of over 70,000 people. It was hosted by DC Admin, May.
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2 and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what DeepBrain Chain is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
Segment 1 – Introduction
Hello, 大家好, नमस्ते, Selamat!
I am May and I’ll be hosting the AMA with DeepBrain Chain.
We have a guest from the DBC Team here today.
You’re welcome to the Decentralized Club and it’s an honor to have you here.
Could you quickly tell us more about yourself and your job at DBC?
I am Feng He, the founder of DeepBrain Chain
Glad to have you with us!
Let’s get right into the session.
What is the creation story of the DeepBrain Chain project?
We have been focusing on AI projects since 2011, including voice assistants, smart speakers, and other products. We realized the importance of GPU early, but GPU resources are very expensive and many startups can’t afford it. Blockchain technology can help achieve this goal.
What innovative features is DeepBrain Chain bringing to topple its competitors with similar offerings in the crypto and computing sector?
We believe that the profundity of the team’s knowledge of what they are doing largely determines the success or failure of things. We have nearly 10 years of AI experience and naturally have a profound understanding of AI computing, as well as more than 5 years of experience in blockchain technology; it is impossible to do this well by only knowing blockchain or only understanding AI. After the past four years, we have completed all the development goals on the white paper and commercialized many scenarios in the metaverse, autonomous driving, AI, visual rendering, blockchain, etc.
How is DBC working to become the world’s first blockchain Decentralized AI Cloud Computing Platform? What steps have you taken towards this goal?
We have achieved this goal through hard work over the past four years.
Jul.2017 The DeepBrain Chain was established, defining the objectives and vision as well as the technical architecture.
Dec. 2017 Fund-raising completed.
Jan.2018 DBC launched on Huobi.pro.
Aug.2018 DBC computing power network goes live and the code is open-sourced on GitHub. (https://github.com/DeepBrainChain)
Nov.2019 DBChain, the first cloud platform based on DeepBrain Chain, goes live. (https://www.dbchain.ai)
Jul.2020 The first DeepBrain Chain-based enterprise cloud platform, Congtu Cloud, goes live. (https://www.congtu.cloud)
Dec.2020 DBChain global AI developer users exceed 10,000, serving more than 500 AI-related universities and labs worldwide.
May 2021 DeepBrain Chain node mainnet officially launched. (https://www.dbcwallet.io)
Jun.2021 DeepBrain Chain mainnet browser goes online. (https://dbc.subscan.io)
Jun.2021 The number of GPU cloud platforms based on DeepBrain Chain exceeds 50.
Jul.2021 DeepBrain Chain GPU computing power mainnet starts public testing.
Aug.2021 Congtu Cloud enterprise customers exceed 100.%
Oct.2021 Total number of GPU computing power in the public test exceeds 1200 cards, and the rental rate is over 98%. (https://galaxyrace.deepbrainchain.org)
Nov.2021 DBC GPU mainnet will launch officially.
A minute for the community to read.
How can one acquire the DBC token and what are the utilities?
You can buy DBC on Huobi or Gate exchange. DBC is the only payment credential in the entire DBC arithmetic network, and enterprises need to use DBC to provide arithmetic to the DBC network or rent arithmetic, including pledging.
What is further planned for DeepBrain Chain to achieve this year?
- This month, the DBC GPU arithmetic mainnet will launch, AI+ Metaverse arithmetic infrastructure will be built.
- 25th Nov. 2021, supernode will expand from 31 nodes to 41 nodes
- From 8th Dec. 2021 to 18th Apr. 2022, the whole network meets 5000 GPUs, the Galaxy Race will launch officially.
Let’s now take questions from our Twitter community.
Segment 2 – Twitter Questions
You will reward miners before the mainnet launch that 10% allocation.
How can these possible miners get rewards before the mainnet launch? And after the mainnet launch where this allocation goes?
Twitter Username: @minxzee
To subsidize early miners and AI developers before the mainnet goes online, and to encourage everyone to participate in the mainnet and computing network construction before the mainnet goes online, these rewards have been paid out one after another for the past three years, and have been covered within the 4 billion in circulation, expected to be partly on the exchange and partly in the individual wallets of the computing power providers.
Can you tell us more about the Galaxy Computing Power Competition that DeepBrainChain is conducting? What is the competition intended for? Can we participate in the competition too?
Twitter Username: @0JeanWayne
For all information about the Galaxy Race, you can check the official website: https://galaxyrace.deepbrainchain.org/
About the contest rules, arithmetic map、 arithmetic details 、 AI server rental, and pledge are explained, everyone is welcome to actively participate. The purpose of Galaxy Race is to let more computing power providers join the DeepBrain Chain network, and at present, the arithmetic is in serious supply, all people are free to join the DeepBrain Chain network as long as the server configuration and storage environment meets the requirements.
In the latest project update, there was a feature interface improvement related to the GPU virtual machine. How many new features were introduced in this update? What is the main advantage that this updated interface will offer?
Twitter Username: @Albe_1602
Every week we are working on a new version update, and the purpose of this GPU virtual machine-related feature interface improvement is to make it easier for users to use. The core purpose of each product update is to optimize the use of the product, meet the needs of users, think and develop the product towards the user’s perspective.
We have added at least 5 new features in this update, and the main advantage of the update is that it is more convenient and easy to use for users.
I read that being a supernode in DBC can have its own benefits. But can you tell us the requirements to be a supernode? How often is the election done? Who all can vote? How are the rewards distributed? Please, explain.
Twitter Username: @albertjaison2
There are currently 100 million DBC per year awarded to supernodes, and there are currently 31 nodes in total. To become a supernode, you need to hold a certain number of DBC and the support of community coin holders, and you need to be able to rank in the top 31 to have a chance to be selected, and you need to have a server that can take care of the blocks. Currently, the election is held every 24 hours, and all coin holders have the opportunity to participate in the voting. The reward will be distributed proportionally according to the rules set by the nodes. You can check the official Twitter announcement and the DBC main network for details. https://www.dbcwallet.io
An interesting feature that caught my attention was your integral cross-chain mining, so could you explain to me what this mining consists of and how beneficial it will be for the users to be able to participate in your mining
Twitter Username: @Ibrahem24254134
The “mining” in DBC is essentially an online reward, where the computing power provider only needs to provide GPU resources to get the reward; these computing power will be used to be rented by customers in AI, cloud gaming, metaverse, visual rendering, autonomous driving, blockchain, and other related fields, and the computing power providers can get both online reward and computing power rental revenue.
It’s now time to take questions from our live audience.
In this 3rd segment, I will open the group for some seconds for the live community to shoot you some pressing questions.
Please pick five original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
As a measure to deter bots and reward hunters, could you please pick an emoji that will be included in the questions so you can tell original questions apart?
—Chat was then opened for the live community to send in their questions—
Segment 3 – Live Questions
Would your token also be stored on NEO wallet and how much involvement and inclined are you to the clients you have on your website? 🙈
The DBC marker moved away from NEO and joined its marker in the Polkadot ecosystem
Do you have a staking platform? If yes then where do we have to stake our tokens? Any websites? 🙈
🙈 On the Backend of the cloud platform website, the account balance inquiry function was completed. I would like to know how this option will work now. How will users be able to consult their accounts quickly and safely? Could you give us a brief example?
How can I buy it?
huobi, gate, uniswap
🙈 DeepBrain Chain’s vision is to become the largest computer network in the world. So, would you like to tell us a little about how your community has worked on the project to make DeepBrain Chain the most important computer network in the world? Talk to us a bit.
On the one hand, we are working hard to develop GPU users, and on the other hand, we develop GPU providers, that is, computing pools and computing workers. At present, we can see that on the Galaxy Competition page, the GPU rental rate is very high.
Almost 3/4 of investors are focused purely on the price of a token in the short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?🙈🙈🙈
When the DBC network reaches 5,000 GPUs across the network, 100% of the rents paid by users after activation are destroyed, which means DBC will enter a deflationary state. So reaching 5,000 GPUs in the DBC network will be an important milestone!
The pledge and destruction of a large number of DBC will drive the increase in the value of DBC
One more question to go! 🎉
Sir, can you please share with Decentralized Club all the links where we can meet up with your events for projects making use of your launchpad scheduled soon as I believe the DBC project has very good potential and I want to be part of it in the early stage. Thank you. 🙈🙈🙈
Aaaaaaand it’s a wrap! 🎉
Thank you so much for your time with us today.
Our regards to the rest of the DBC Team.
Thank you, everyone, for your hard work
Until next time, do have a great evening.
The AMA with DBC is now over.