Aitheon

Aitheon intends to use AI and robotics to automate backend processes that are time consuming for businesses on a single, simple platform.

About Aitheon

Aitheon aims to provide a digital ecosystem connecting businesses with AI and robotics (devices and virtual bots), specialists (remote workers assisting AI in learning), and technicians (who supervise operation), so as to streamline business process automation. The platform will also operate a Creators Program enabling innovators to design and develop new bots and devices for use with Aitheon while serving as an easy path to market. Aitheon Tokens (AIC) will be used for access to AI/robotic services on the platform, and also for voting on community issues (such as migration to another blockchain, consensus algorithm, and scaling solutions).

Token Sale Use of Blockchain

Product

3.2
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.

Product

* Services include: Mechbots & Devices​, Digibots (virtual robots), Specialists (for security monitoring, document reviewing or remote customer service), Robot Pilots Program (for device operators and supervisors), Creators Program (for developers), and a Bug Bounty (1000 Aitheon Tokens for finding a bug). The company’s revenue will be based on fees and service charges.
* Use cases presented in the whitepaper include: restaurant operation (reservations, orders, inventory, etc.), retail (fully automated warehouse), data entry and retrieval, remote piloting of specialized vehicles, automated parking, job recruitment, and others.
* Competition is high in the field of AI and robotics as well as integration of these with blockchain. This is addressed in the whitepaper with regard to major corporations in the market sector, along with the statement that “The fourth industrial revolution is being led by Aitheon. Aitheon will not only sell its own software, hardware, robotics, and AI solutions; Aitheon will also serve as a marketplace for all AI, Robotics, Control software, and control hardware from all companies and competitors… We are interested in serving the greater good and making AI accessible to all.”
* No MVP or github repo available. However, according to this post, “Aitheon is demonstrating a self-driving Jeep Rubicon SUV on the North American Bitcoin Conference. An Aitheon pilot already took the Rubicon for a “test-drive” on the well-known Rubicon Trail off-road course in California’s Sierra Nevada mountains, Burleson revealed. He described the Rubicon Trail as one of many hardest off-road programs.” And, according to this post, “Artificial Intelligence leader Aitheon is partnering with CarSmartt, a one-of-a-kind ride-sharing app and package delivery service connecting drivers and riders across the United States.The alliance will allow Aitheon and CarSmartt to test and launch a package delivery service that will use a fleet of blockchain-operated, driverless vehicles controlled by artificial intelligence.In the months ahead, the partnership will roll out domestically in Las Vegas, Nevada, followed by Miami, Florida, then internationally in Italy.”

Product Whitepaper

Use of Blockchain

3.4
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

* AIC is an ERC20 token. “In later phases, Aitheon will perform regular checkpoints to examine whether or not Aitheon should migrate to its own blockchain and native digital currency… The checkpoints and the transition will be placed in the hands of Aitheon Token holders.”
* “Utilizing smart contracts, Aitheon will provide contracted solutions to a distributed cluster of customers, agents, and devices that use our token as a method to exchange services. Businesses and individuals can deploy these agents, services and devices to perform work on their behalf and also to barter with and pay humans, robots and deep learning agents on the platform for work performed directly and without managerial involvement needed.” — This becomes more concrete in light of the existence of a live platform and partnerships such as the one with CarSmartt.

Use of Blockchain Roadmap

Whitepaper

1.4
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

1.0
N/A
1 - I still don't get it.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

1.0
N/A
1 - Deliberate obfuscation.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

2.0
N/A
2 - Missing critical information.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

1.0
N/A
1 - Severely lacking.

Whitepaper

The whitepaper is 33 pages long and is organized and phrased in such a way that makes it difficult to understand how the platform operates in terms of both the technology and the business/token model. (Also, the graphs and pictures do not relate to the text in any meaningful way.) It is also stated that “Due to the complexities involved in Robotics and Artificial intelligence this paper will not be delving into the intricacies of the underlying neural networks and deep or machine learning algorithms, but will be presenting a more palatable broader definition of understanding. Aitheon will be releasing a Tech Paper in Q2 covering the underlying functionality of Aitheon and its subsystems in technical detail.”

Whitepaper Compliance

Roadmap

3.4
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

2.0
N/A
2 - Very ambitious.
Vision

Is there a larger, long-term vision?

5.0
N/A
5 - Paving the way for the future.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.

Roadmap

* Road Map:
Q1​-2018: Public Launch, Pre Sale, North American Bitcoin Conference, World Government Summit, International upcoming project & partnership meetings tour, Marketing campaign begins for community awareness of Aitheon capabilities.
Q2​-2018: ICO Launch, Tech Paper Published, Aitheon Established in Estonia, Begin beta testing for Aitheon Creators Program / Small to Medium Sized Businesses / Specialists Program with eligible token holders, Development Kits for Beta Creators available for purchase.
Q3​​-2018: Launch the Aitheon Community’s new structure, POS device available for Beta businesses, Creators Program fully operational, Specialists Program public launch, Small to Medium Sized Businesses able to utilize platform in select categories.
Q4​​-2018: Begin beta testing for Aitheon Pilots Program with eligible token holders
2019: Aitheon Community votes on whether to remain on Ethereum or convert to an independant coin; Rollout of Specialists Academy, college accredited training programs; Aitheon Pilots Program fully operational.

* “We expect to onboard businesses/clients in a sequential way, starting with small businesses that have a low barrier to entry, high returns and large scale markets, then expanding to more complex businesses with larger impact.”
* “The onboarding of additional staff for the company will happen as the AI predicts the necessary workflow in the pipeline.”
* The Lightpaper states that “Under a signed agreement with CarSmartt, Aitheon will be producing a fleet of driverless vehicles, set for completion in late 2018. Other public partnerships include the United Nations, Nvidia, Quanergy, Smart City, IF&LS, Masdar Institute, Future Society, AI Initiative, ABB, Universal Robotics and more to be announced. Aitheon is also currently working with multiple governments to integrate their systems onto the Aitheon platform.” (The partnership with Carsmartt is also covered in this post).
* The whitepaper states that “Aitheon’s Year 1 goal is to get robots and systems available for the public to use. With the funds from the tokens sold, Aitheon will add additional staff to improve the user interface and flow of the platform… [In] Year 2, We plan to take a socially responsible role by reaching out to people in need through no fault of their own, by creating mobile offices with a shipping container design. Through these mobile offices, people can become part of the Aitheon solution for good and no longer need to rely on local fiat for sustenance. The first of these mobile offices is expected to be transported to a country that is underdeveloped, where a significant portion of the population is highly educated. Aitheon will work to provide them with certifications, and then these skills can be used to help AI with various aspects (bookkeeping, reservations, etc.).”

Roadmap Company and Team

Compliance

2.2
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.

Compliance

The whitepaper opens with a general disclaimer absolving the company of any liability and stating that the token is not a security, and contains a “Legal Classification” section stating the same. The whitepaper, lightpaper, and website make various statements regarding KYC/AML, but the overall procedure remains unclear. In one instance it is stated that “Aitheon complies fully with all KYC and AML regulations. KYC verification is inherent in the Aitheon system, whereby simply creating an account on the Aitheon platform will alert you in real time as to your status of KYC compliance. Given instant approval, you are verified to buy tokens. We are accepting purchases from all regions including U.S. and Japan.”, whereas in another it is stated that “Aitheon neither offers or distributes the Aitheon Tokens nor carries on a business (activity) in any regulated activity in Singapore, in People’s Republic of China or in other countries and territories where transactions in respect of, or with use of, digital tokens fall under restrictive regulations or require Aitheon to be registered or licensed with any applicable governmental authorities.” The FAQ also states with regard to KYC verification that “the back-end verification runs your name, birthdate and email to automatically complete this process. Your ID is not required.”

Compliance Token Sale

Company and Team

2.4
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

1.0
N/A
1 - Severely skewed.

Company and Team

* According to LinkedIn, Aitheon is headquarterd in Las Vegas, Nevada (US) and was founded in 2017, although elsewhere it is stated that the platform has been in development for 7 years and is currently live (registration via the website).
* Aitheon’s website lists 13 team members and 2 advisors, with pictures, position titles, and LinkedIn profile links for most (though not all). Some profiles do not list Aitheon / show involvement in other enterprises / contain little information. Team members do not include any blockchain or technology developers.
* CEO Andrew Archer is also listed as CEO of Fedora Labs, and lists Aitheon as a Fedora Labs subsidiary; he was also previously CEO of Excel Manufacturing (recycling and waste management, exited), and of Robotics Redefined (mobile robotics, now a division of Fedora Labs). Chief Strategy Officer Ryan Burleson is also CoFounder & CEO of Smart City Robotics, co-founder of Boundless Minds (AI platform), and previously VP-Automation/Co-Inventor at Park Plus (automated parking).

Company and Team Product

Token Sale

1.8
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

1.0
N/A
1 - Very greedy (e.g. uncapped).
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

2.0
N/A
2 - Unclear or suspicious.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.

Token Sale

* Token price is $0.35. Aitheon’s crowdsale will begin with a 30% discount ($0.245), which will decrease during the sale. It is stated that the company raised $8,750,000 in the presale – 50 million tokens at the price of $0.175 (50% discount).
* Total supply is 350 Billion. However, the supply for the crowdsale is 250 Million ($61,250,000 to $87,500,000 USD based on edge cases of variable discount), and there will only be up to 335 Million tokens in circulation at the end of the ICO period. “The residual tokens will remain in the mining pool to be awarded to miners for augmentation of the AI and robotic services over the course of the next 60 years (approximately).”
* Fund Allocation: ~60% to development of systems, infrastructure and other IT related to evolving the Aitheon systems; ~30% to marketing, business development, product growth and incidentals; ~10% for community outreach.
* Token Allocation: 68.67% Miners Pool, 10% Aitheon Platform Development, 7.14% Crowdsale, 6% Team, 5% Rewards Pool, 1.43% Presale, 1% Bounties, 0.76% Advisors

Product

* Services include: Mechbots & Devices​, Digibots (virtual robots), Specialists (for security monitoring, document reviewing or remote customer service), Robot Pilots Program (for device operators and supervisors), Creators Program (for developers), and a Bug Bounty (1000 Aitheon Tokens for finding a bug). The company’s revenue will be based on fees and service charges.
* Use cases presented in the whitepaper include: restaurant operation (reservations, orders, inventory, etc.), retail (fully automated warehouse), data entry and retrieval, remote piloting of specialized vehicles, automated parking, job recruitment, and others.
* Competition is high in the field of AI and robotics as well as integration of these with blockchain. This is addressed in the whitepaper with regard to major corporations in the market sector, along with the statement that “The fourth industrial revolution is being led by Aitheon. Aitheon will not only sell its own software, hardware, robotics, and AI solutions; Aitheon will also serve as a marketplace for all AI, Robotics, Control software, and control hardware from all companies and competitors… We are interested in serving the greater good and making AI accessible to all.”
* No MVP or github repo available. However, according to this post, “Aitheon is demonstrating a self-driving Jeep Rubicon SUV on the North American Bitcoin Conference. An Aitheon pilot already took the Rubicon for a “test-drive” on the well-known Rubicon Trail off-road course in California’s Sierra Nevada mountains, Burleson revealed. He described the Rubicon Trail as one of many hardest off-road programs.” And, according to this post, “Artificial Intelligence leader Aitheon is partnering with CarSmartt, a one-of-a-kind ride-sharing app and package delivery service connecting drivers and riders across the United States.The alliance will allow Aitheon and CarSmartt to test and launch a package delivery service that will use a fleet of blockchain-operated, driverless vehicles controlled by artificial intelligence.In the months ahead, the partnership will roll out domestically in Las Vegas, Nevada, followed by Miami, Florida, then internationally in Italy.”

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.
Product Score:
3.2

Use of Blockchain

* AIC is an ERC20 token. “In later phases, Aitheon will perform regular checkpoints to examine whether or not Aitheon should migrate to its own blockchain and native digital currency… The checkpoints and the transition will be placed in the hands of Aitheon Token holders.”
* “Utilizing smart contracts, Aitheon will provide contracted solutions to a distributed cluster of customers, agents, and devices that use our token as a method to exchange services. Businesses and individuals can deploy these agents, services and devices to perform work on their behalf and also to barter with and pay humans, robots and deep learning agents on the platform for work performed directly and without managerial involvement needed.” — This becomes more concrete in light of the existence of a live platform and partnerships such as the one with CarSmartt.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
3.4

Whitepaper

The whitepaper is 33 pages long and is organized and phrased in such a way that makes it difficult to understand how the platform operates in terms of both the technology and the business/token model. (Also, the graphs and pictures do not relate to the text in any meaningful way.) It is also stated that “Due to the complexities involved in Robotics and Artificial intelligence this paper will not be delving into the intricacies of the underlying neural networks and deep or machine learning algorithms, but will be presenting a more palatable broader definition of understanding. Aitheon will be releasing a Tech Paper in Q2 covering the underlying functionality of Aitheon and its subsystems in technical detail.”

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

1.0
N/A
1 - I still don't get it.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

1.0
N/A
1 - Deliberate obfuscation.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

2.0
N/A
2 - Missing critical information.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

1.0
N/A
1 - Severely lacking.
Whitepaper Score:
1.4

Roadmap

* Road Map:
Q1​-2018: Public Launch, Pre Sale, North American Bitcoin Conference, World Government Summit, International upcoming project & partnership meetings tour, Marketing campaign begins for community awareness of Aitheon capabilities.
Q2​-2018: ICO Launch, Tech Paper Published, Aitheon Established in Estonia, Begin beta testing for Aitheon Creators Program / Small to Medium Sized Businesses / Specialists Program with eligible token holders, Development Kits for Beta Creators available for purchase.
Q3​​-2018: Launch the Aitheon Community’s new structure, POS device available for Beta businesses, Creators Program fully operational, Specialists Program public launch, Small to Medium Sized Businesses able to utilize platform in select categories.
Q4​​-2018: Begin beta testing for Aitheon Pilots Program with eligible token holders
2019: Aitheon Community votes on whether to remain on Ethereum or convert to an independant coin; Rollout of Specialists Academy, college accredited training programs; Aitheon Pilots Program fully operational.

* “We expect to onboard businesses/clients in a sequential way, starting with small businesses that have a low barrier to entry, high returns and large scale markets, then expanding to more complex businesses with larger impact.”
* “The onboarding of additional staff for the company will happen as the AI predicts the necessary workflow in the pipeline.”
* The Lightpaper states that “Under a signed agreement with CarSmartt, Aitheon will be producing a fleet of driverless vehicles, set for completion in late 2018. Other public partnerships include the United Nations, Nvidia, Quanergy, Smart City, IF&LS, Masdar Institute, Future Society, AI Initiative, ABB, Universal Robotics and more to be announced. Aitheon is also currently working with multiple governments to integrate their systems onto the Aitheon platform.” (The partnership with Carsmartt is also covered in this post).
* The whitepaper states that “Aitheon’s Year 1 goal is to get robots and systems available for the public to use. With the funds from the tokens sold, Aitheon will add additional staff to improve the user interface and flow of the platform… [In] Year 2, We plan to take a socially responsible role by reaching out to people in need through no fault of their own, by creating mobile offices with a shipping container design. Through these mobile offices, people can become part of the Aitheon solution for good and no longer need to rely on local fiat for sustenance. The first of these mobile offices is expected to be transported to a country that is underdeveloped, where a significant portion of the population is highly educated. Aitheon will work to provide them with certifications, and then these skills can be used to help AI with various aspects (bookkeeping, reservations, etc.).”

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

2.0
N/A
2 - Very ambitious.
Vision

Is there a larger, long-term vision?

5.0
N/A
5 - Paving the way for the future.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.
Roadmap Score:
3.4

Compliance

The whitepaper opens with a general disclaimer absolving the company of any liability and stating that the token is not a security, and contains a “Legal Classification” section stating the same. The whitepaper, lightpaper, and website make various statements regarding KYC/AML, but the overall procedure remains unclear. In one instance it is stated that “Aitheon complies fully with all KYC and AML regulations. KYC verification is inherent in the Aitheon system, whereby simply creating an account on the Aitheon platform will alert you in real time as to your status of KYC compliance. Given instant approval, you are verified to buy tokens. We are accepting purchases from all regions including U.S. and Japan.”, whereas in another it is stated that “Aitheon neither offers or distributes the Aitheon Tokens nor carries on a business (activity) in any regulated activity in Singapore, in People’s Republic of China or in other countries and territories where transactions in respect of, or with use of, digital tokens fall under restrictive regulations or require Aitheon to be registered or licensed with any applicable governmental authorities.” The FAQ also states with regard to KYC verification that “the back-end verification runs your name, birthdate and email to automatically complete this process. Your ID is not required.”

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.
Compliance Score:
2.2

Company and Team

* According to LinkedIn, Aitheon is headquarterd in Las Vegas, Nevada (US) and was founded in 2017, although elsewhere it is stated that the platform has been in development for 7 years and is currently live (registration via the website).
* Aitheon’s website lists 13 team members and 2 advisors, with pictures, position titles, and LinkedIn profile links for most (though not all). Some profiles do not list Aitheon / show involvement in other enterprises / contain little information. Team members do not include any blockchain or technology developers.
* CEO Andrew Archer is also listed as CEO of Fedora Labs, and lists Aitheon as a Fedora Labs subsidiary; he was also previously CEO of Excel Manufacturing (recycling and waste management, exited), and of Robotics Redefined (mobile robotics, now a division of Fedora Labs). Chief Strategy Officer Ryan Burleson is also CoFounder & CEO of Smart City Robotics, co-founder of Boundless Minds (AI platform), and previously VP-Automation/Co-Inventor at Park Plus (automated parking).

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

1.0
N/A
1 - Severely skewed.
Company and Team Score:
2.4

Token Sale

* Token price is $0.35. Aitheon’s crowdsale will begin with a 30% discount ($0.245), which will decrease during the sale. It is stated that the company raised $8,750,000 in the presale – 50 million tokens at the price of $0.175 (50% discount).
* Total supply is 350 Billion. However, the supply for the crowdsale is 250 Million ($61,250,000 to $87,500,000 USD based on edge cases of variable discount), and there will only be up to 335 Million tokens in circulation at the end of the ICO period. “The residual tokens will remain in the mining pool to be awarded to miners for augmentation of the AI and robotic services over the course of the next 60 years (approximately).”
* Fund Allocation: ~60% to development of systems, infrastructure and other IT related to evolving the Aitheon systems; ~30% to marketing, business development, product growth and incidentals; ~10% for community outreach.
* Token Allocation: 68.67% Miners Pool, 10% Aitheon Platform Development, 7.14% Crowdsale, 6% Team, 5% Rewards Pool, 1.43% Presale, 1% Bounties, 0.76% Advisors

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

1.0
N/A
1 - Very greedy (e.g. uncapped).
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

2.0
N/A
2 - Unclear or suspicious.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.
Token Sale Score:
1.8

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