Overview: Project Pai (PAI) the Personal Artificial Intelligence (PAI) on the PAI Blockchain Nutshell Pai is an open-source, blockchain-based platform designed to allow everyone to create, manage, and use their own Personal Artificial Intelligence (PAI) The PAI blockchain enables a decentralized AI economy where application developers can create products and services that will angage with PAI avatars. The ultimate aim is adecentralized humanistic information economy is one in which all individuals are compensated for the contributions they make on the platform. Usage and Tokens PAI Coin is a Bitcoin derivative, and is currently compatible with the Bitcoin mining algorithms and follows nearly the same in terms of technical details. Crating PAI avatar is free, as is training and improving them. Miners and authenticators who serve to authenticate PAIs and PAI transactions will be compensated with PAI Coin, so authenticating PAI may require a small payment in PAI Coin. Applications developed on the PAI blockchain may require payment via PAI Coin. As for the actual usage of the PAI blockchain they are basically trying to develop a blockchain world where PAI avatars interact with eachother. Development Project is developed by ObEN which is a K11, Tencent, Softbank Ventures Korea and HTC Vive X portfolio company from California, USA. They have 66 employees and are focusing on AI and VR Currently working apps are the wallet and PAIYO which is very simple app that allows you to create your own PAI and see them dance or sing. It is currently in the beta. According to the roadmap the team is currently working on the smart contract implementation as well as more use cases for the coins and more apps working with the ecosystem which will be crucial Availability and price PAI is listed on few bigger exchanges: Huobi Global (49% of volume), LBank (47%), BitForex (3%) also on Bitfinex but no volume there. 24 hour volume is around 6M Tether is the most popular pairing but also paired with BTC and ETH Current price as of 26th of February is around $0.03 with PAI being ranked on 82nd place in terms of the market capitalisation and market cap of around $42M. Around 1.4B of tokens out of almost 1.6B of tokens are currently in circulation so some extra will be introduced (around 160M) Current valuation: $0.02 Mcap: $42M Mcap position: 82nd PAI lost a lot of value since the exchange listing in July 2018 and the price has been steadily falling for a long time since it was overpriced intially. Other aspects The team is looking for almost 40 new employees so they seem to be expanding really quickly which could mean they have a lot of available capital. They do have several available videos demonstrating their developments so they do have ongoing developments happening. Currently however the project is at a very early stage of development and still doesn't have many real life use cases for the actual technology. The whole idea is super ambitious and very sci-fi so it might be very long since it is actually adapted and used in real life. My verdict Pai is a difficult project to review because of how complicated it is. It has a lot of potential and seems to be well managed but it is also very ambitious and the potential demand for coins is still unclear. The team behind the project is super promising and they are doing quick progress with the project. The potential is also huge and unlimited imagine if you could see AI doctors or consult mechanics that would know as much as real people. But on the other hand it will take a long time until we are at that stage and it is unclear if the demand for Pai Coins can be sustained until then. If you love the idea and think it has true real life application then investing is a no brainer but the current valuation is high and demand unclear.