VAIOT leverages the power of artificial intelligence (AI) and blockchain technology to develop Virtual Assistants (VAs) for use by businesses and consumers in multiple applications. The VAIOT personal assistant can be accessed on mobile devices using a convenient and natural user interface.

Organizations and consumers can use VAIOTs blockchain-powered AI assistants and on-chain Intelligent Contracts to experience the automation of services and transactions. They can enjoy higher speed, convenience, and cost savings powered by its innovative technology.

In addition to offering unique mainstream use cases for blockchain and AI technologies, VAIOT-issued AI Tokens benefit from regulatory compliance. They are regulated under Maltese law as Virtual Financial Assets per the countrys Virtual Financial Assets Act (VFAA).

VAI is the native token of the VAIOT ecosystem and is the platforms digital currency. It is used to pay for goods and services offered by solutions running on the platform, provide incentives to users and nodes, serve as collateral for the networks price-stabilizing system VVAS, and more.

VAIOT is developed using a proprietary distributed network concept that merges AI and blockchain. All AI algorithms are processed on-chain, while the consensus mechanism is vital for creating Intelligent Contracts.

The distributed nature of the blockchain ensures consensus among all nodes about the decisions made using AI. It also protects the VAIOT technology from any potential manipulation or influence from external forces.

VAIOTs AI utilizes IBM Watson components to provide machine learning capabilities. The platform leverages IBM Watson and its proprietary algorithms for most of its offerings, including AI Virtual Assistant and VAIOT Code Generation Engine.

VAIOT was developed using Cosmos SDK and supports blockchain interconnectivity through the Inter-Blockchain Communication (IBC) protocol. In addition to interoperability, using Cosmos SDK for VAIOTs development provides the platform with higher scalability and modularity. The Tendermint consensus mechanism allows the VAIOT network to keep its applications and data secure even if one-third of the nodes turn malicious or stop functioning correctly.

The VAIOT Code Generation Engine (VCGE) uses AI technology to automatically convert an abstract description into an executable program on the blockchain. The same technology will then convert this executable code into an Intelligent Contract with high security and efficiency.

The idea of VAIOT originated in 2017 among researchers and tech enthusiasts, who came together to found the company a year later. In H1 2019, VAIOT was incorporated in Malta to become a part of the worlds first integrated framework for ICO regulation.

VAIOT completed its first successful funding round in Q2 2019, raising 1.5 million Euros to develop the project. In the years fourth quarter, VAIOT partnered with IBM on a development project to produce the companys MVP.

By Q2 2020, the company was ready to become one of the first regulated companies under the VFA Act to conduct an Initial Virtual Financial Assets Offering (IVFAO). In Q2-Q3 2020, VAIOT obtained VFA status, registered its whitepaper with MFSA, and concluded its private token sale.

The VAIOT IVFAO launched in the third quarter of 2020. In the same quarter, the application on VAIOT and IBMs collaboration on the MVP was complete.

The company unveiled its Virtual AI Sales Assistant in Q2 2021 with Intelligent Contracts as a customized mobile app for businesses seeking new digital channels. The Virtual AI Insurance Aggregator & Broker mobile app was launched in the next quarter.

In Q3 2022, VAIOT launched the Virtual AI Assistant for Consumers to let individual consumers use its solution as a personal legal assistant to create and negotiate contracts in real-time. VAIOT expects to migrate its platform and token from the Ethereum blockchain into a proprietary blockchain solution in 2023.

VAIOT is an interesting crypto asset in your portfolio, especially if you wish to invest in projects with potential for mainstream use. As VAIOT releases more products for organizations and consumers, investor confidence in its native token is boosted, increasing the VAI to USD price in the market.

The rising interest in technologies like AI shines a spotlight on tokens like VAI, making it a valuable investment. The VAIOT price could increase as markets focus more on AI-related technologies and solutions.

The price of VAI token could also benefit from an improvement in the market sentiment toward cryptocurrencies. A risk-on mood in the global financial markets boosts investor interest in cryptocurrencies, supporting the VAIOT price.

While it is impossible to offer an accurate VAI price prediction over any duration, there are critical fundamentals that drive significant price action and volatility in the VAIOT crypto, including:

Launch of Innovative Products and Services

The $VAI price experiences an uptrend when VAIOT adds new products and services based on AI and blockchain technology. As the use cases for its technology rise, the demand for its platform and native token could also increase.

Level of Adoption

Greater innovation could attract more users - businesses and consumers, to the VAIOT network. This could boost the demand for the VAI cryptocurrency and increase its appeal among investors. Both these factors could also drive up the price of VAIOT crypto in the market.

Future Developments

As VAIOT announces more integrations, partnerships, and investments, the value of VAI token could rise further. Such developments can expand the VAIOT ecosystem, making the VAI crypto a more valuable crypto asset to buy and hold.

Market Sentiment

Market sentiment is one of the most significant factors determining price trends in the VAI token. Positive or bullish sentiment among investors encourages buying activity in the market, supporting the VAIOT price. However, a bearish or risk-averse mood could cause sell-offs that can weaken the price of VAI.

The following are some of the widespread practical applications for VAIOTs technology:

AI Legal Assistant

VAIOTs virtual AI-powered legal assistant can help law firms, businesses, and individual consumers request and obtain certain legal services, e.g., creating contracts. The product depends on a vast database of legal codes and best practices for multiple supported regions. Its users can generate legal contracts automatically in both traditional formats and digital contracts on the blockchain.

AI Crypto Protection Broker & Aggregator

VAIOTs digital asset protection offering and Broker Platform offer investors a more secure way to invest in and hold crypto assets. The VAIOT Broker product adds an extra layer of protection so consumers can store their digital assets in custodial wallets and on CEXs with additional security.

AI Merchant (Sales Assistant)

This AI-backed product lets businesses offer an automated service distribution channel that consumers can use to buy their products and services. The AI assistant takes a customers requests as input data and recommends the right products or services based on their requirements. The whole solution enjoys a higher layer of security thanks to the underlying blockchain technology.

VAI is the native cryptocurrency that powers the VAIOT network. It has the following use cases:

Native Currency

The digital currency of VAIOT, $VAI, is used to pay for goods and services purchased and accessed on the platform.

Incentive Token

Users also receive Payback Bonus in VAI tokens after completing their purchase within VAIOTs solutions. This mechanism is essential for the functioning of the underlying VAIBC feature of the platform.

Node Rewards

Nodes and network participants can earn $VAI when securing the network and contributing to the consensus mechanism. They receive rewards in VAI tokens for their efforts.

Crypto Asset to Trade and HODL

Trade VAIOT against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell VAI or hold it long-term if you believe in the future potential of the VAIOT project. Review the current price of VAIOT, VAI current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the VAI price chart before trading VAIOT in the crypto market.

The VAIOT developers have fixed the total supply of VAI at 400,000,000. Of this, the circulating supply of VAI stands at just under 200,000,000 as of February 2023 - less than 50% of the max supply.

The token distribution of VAI is as follows:

1. 32% of the VAI supply was allocated for the token sale, and 15% of the share was set aside for the VAIOT team.

2. 25% has been kept for distribution as staking rewards.

3. 12% of VAIs supply has been set aside for the partners of the VAIOT project.

4. 10% is allowed to the VAIOT ecosystem.

5. 6% of tokens have been distributed to the projects advisors.