Dbrain is a blockchain platform that labels data and builds AI apps, complete with their own local cryptocurrency, called the Dbraincoin (DBR). In breaking news, they are announcing their integration of the Bancor Protocol, a decentralized liquidity network that will facilitate liquidity of Dbraincoins. This will open up a world of options to crypto-traders, in addition to strengthening the Dbrain network.
This integration of the Bancor Network will let users convert DBR into other currencies, such as ETH or BNT (the Bancor Network Token), among others. Token conversions can be done via the Bancor Wallet or, alternatively, any Web3 wallet (i.e. Metamask).
CEO and co-founder of Dbrain Dmitry Matskevich is excited about this new development in the platform. He states:
We are actively working with our Dbrain community to build a personal relationship. As our community grows rapidly, we want to support them in every possible way. The Bancor integration makes Dbrain more accessible. Everyone in our community will be thrilled to have continuous liquidity. It further solidifies our commitment to serve our supporters.
What Is Dbrain?
Simply put, it’s a platform on the blockchain that converts raw data into real-world AI solutions. Whereas traditionally, data scientists expend a lot of time, energy, and resources when it comes to assessing and labeling data, Dbrain utilizes crowdworkers to complete these tasks. Then, with the transparency of the blockchain and the exchange of the Dbraincoin, fairness and accurate monetary compensation is assured for stakeholders. Moreover, Dbrain has a robust community, in which users of the network – a diverse ecosystem of data providers and scientists, crowdworkers, application developers, and businesses – can communicate and interact with each other.
In addition to its DBR token, Dbrain will also release the Relay token. 1.5% of its supply will be released during the first week following the token distribution, with users being able to buy and sell the DBR cryptocurrency via the Bancor Wallet or participating Web3 wallets.
Now that Dbrain has adopted the Bancor Protocol, it has a method of connecting and networking the tokens. The Bancor Protocol will then continuously calculate conversions of different tokens prices.
Dbrain is a platform on an open blockchain platform that collectively builds AI apps. It also serves as a network, linking data scientists with crowd workforce. It converts data into AI solutions, targeting businesses active in the AI industry. Dbrain has a solid foundation and has grown quickly after receiving its initial $2.5 million in funding. Recently, Dbrain reached the long-anticipated milestone of releasing the platform’s alpha version, which encompasses a web app and Telegram bot. To learn more, visit their website at https://dbrain.io.
Bancor is a protocol which creates Smart Tokens™, a standard of cryptocurrency that uses smart contracts to facilitate built-in convertibility. Using a cutting edge token “connector” formula, Bancor enables price calculation and liquidity for all participating tokens, negating the need to match two parties in an exchange. Bancor Smart Tokens then connect to create token liquidity networks, which result in a healthy ecosystem for user-generated cryptocurrencies to succeed. For more information, take a look at the Bancor Wallet or join the Bancor Telegram group.