BasedAI BASEDAI

1. Summary

Ranks

Liquidity

95

Developer

-

Social

-

Momentum (beta)

0

Stack Rank™

-

Price

$3.44 +1.7%

Market Cap

$122.61M (#432)

Supply

35.67M / 35.67M

Tags

Ethereum Ecosystem Artificial Intelligence (AI)

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Price
52W High price	$10.86
52W High date	12th Apr 2024 (7 months ago)
All Time High (ATH) Date	12th Apr 2024 (7 months ago)
ATH Price	$11.12
% From ATH	-80.63%
All Time Low (ATL) Date	5th Aug 2024 (3 months ago)
ATL Price	$1.61
% From ATL	33.8%

Supply & Trading Volume
Trading Volume (24h)	$2.30M
Total Supply	35.67M
Circulating Supply	35.67M

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Description

BasedAI is a Layer-1 Network designed for zk-LLMs (Zero-Knowledge Large Language Models) and smart contracts, focusing on addressing data privacy and security challenges in artificial intelligence (AI) applications. This network empowers the execution of complex computational tasks associated with large language models (LLMs) in a distributed manne...

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BasedAI is a Layer-1 Network designed for zk-LLMs (Zero-Knowledge Large Language Models) and smart contracts, focusing on addressing data privacy and security challenges in artificial intelligence (AI) applications. This network empowers the execution of complex computational tasks associated with large language models (LLMs) in a distributed manner. Key components include:

Decentralized Infrastructure with FHE Integration

BasedAI integrates Fully Homomorphic Encryption (FHE) with any LLM connected to its network, ensuring data privacy throughout the network’s operations. The novel framework embeds a default mechanism called "Cerberus Squeezing" into the mining process, which transforms standard LLMs into encrypted zero-knowledge LLMs (ZK-LLMs).

Processing and Security Mechanisms

The network employs advanced cryptographic techniques like zk-SNARKs and ring signatures to secure transactions, ensuring user anonymity. The "Cerberus Squeezing" mechanism proactively optimizes calls between users, miners, and validators, significantly improving performance degradation caused by quantized functions in current FHE-compliant computing environments.

Participant Roles and Governance

The BasedAI ecosystem includes various participant roles such as Brains (processing nodes), miners, validators, and users, each with distinct responsibilities. Additionally, the network incorporates tokenomic incentives and governance structures to ensure the continued development and maintenance of the platform.

Token and Governance

BasedAI has issued tokens to facilitate network operations and incentivize participation. Detailed tokenomic structures and governance mechanisms are embedded within the network to ensure transparency and community involvement.

Overall, BasedAI combines the power of decentralized networks with advanced cryptographic techniques and AI capabilities to provide a secure, private, and efficient platform for complex computational tasks.

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