Step 1: Introduction
Twinci: What is EpiK Protocol, and what is EpiK Protocol’s stats of current development?
EpiK: EpiK Protocol is the world’s first decentralized storage protocol for AI data.
Through the integration of IPFS storage technology, Token incentive mechanism and DAO governance model, it creates a global open autonomous community with four core capabilities of trusted storage, trusted incentives, trusted governance and trusted finance, which organizes global community users to work together at an extremely low management cost, and continuously produce high-quality AI data that can be jointly built and shared.
EpiK Protocol aims to broaden AI’s horizons and usher in the era of the cognitive intelligence.We created EpiK Protocol in the last year.Over the past year, EpiK Protocol has completed 5 intensive rounds of testnet testing. And the main-net launched in Aug.15 this year.
With the launch of EpiK’s main-net, the official economic model will be increased by 10x of the testnet and this will greatly incentive EpiK Protocol’s collection of AI data, increasing it greatly.There will also be more ways for the wider community to participate in EpiK Protocol, jointly contributing and creating future value to the AI and blockchain industry.
Twinci: AI is the future of the world, I think your team is going on the right track
EpiK: Yes. Our team work on it for a whole year.Blockchain is also the future of the world. We are both on the right track.
Twinci: EpiK protocol is the world ‘s first decentralized storage protocol for AI data. Why combine them together and what are the benefits?
EpiK: It’s a real good question. We try to combine decentralized storage technology and AI data because they are both not good enough and facing big challenges now.As for the decentralized storage ecosystem, there is a large amount of physical storage is wasted and the ecosystem lacks valuable data.As for the AI data market, labor costs and management costs are rising very quickly.
Twinci: I see, that’s a wise choice
EpiK: In our opinion, blockchain is a perfect solution to solve the problems of these two. Not only does the EpiK Protocol have the distributed storage capacity (like Filecoin), we added an AI data processing collaboration network, which can continuously deliver high-value AI effective data to the distributed storage ecosystem.EpiK Protocol differentiates itself from the current models of the distributed storage ecosystem by creating a new business model, from providing enterprises with low-cost storage to providing continuously updated AI data.
What’s more, with the help of blockchain technology, compared with traditional AI data annotation, EpiK Protocol transform today’s data annotation industry into a data sharing economy model, and greatly reducing the cost of this process.In the current unoptimized state, our annotation’s efficiency is already 10x efficiency that of the traditional process. Knowledge Mainland, our gamified knowledge crowdsourcing product built on EpiK Protocol, launched a beta version in April this year, allowing users to collect data and categorize data through gamification when answering questions.The truth tells us our choice is right. We believe EpiK Protocol could make something different in blockchain and AI industry.
Twinci: We know that EpiK lays emphasis on collection of knowledge graph in area of AI data, could you please introduce us what is knowledge graph and what is the final products, will you offer services like Wikipedia?
EpiK: Knowledge graph is a kind of data format. Knowledge graph is a medium for knowledge transfer (e.g. text, video, picture and voice).We all know that humans today pass on knowledge through language, text, videos, pictures, etc. (e.g. Teachers educate students by attending classes, compiling books, and recording videos.)However, AIs are unable to be educated in the same manner as they lack cognitive ability to understand these knowledge.We could sit down in a classroom to be educated by our teachers.But AI robots cannot be educated in the same way.We need to find a data format to represent human knowledge that AI robots could understand what it is.This special data format is called Knowledge Graph which is created by Google in 2012. Knowledge graph solves this issue — this format of data allows AIs to understand human knowledge, bridging AIs for everyday’s usage down the road.
E.g. With a medical knowledge graph, we can train an AI assistant to provide intelligent medical consultation services; with an insurance knowledge graph, we can train an AI assistant to recommend the most suitable insurance and underwrite for families.
In short, EpiK Protocol is not established to process data for humans (i.e. Wikipedia), but instead annotate human data for robots in knowledge graph format, for them to understand, before we can tap on AI’s supreme computing power further in creating greater value. Recently, we have a very HOT word called Metaverse. Actually, if we want to create a metaverse similar to our real world, we need to inject a lot of human knowledge into this metaverse. For example, we need to let the metaverse understand the friction of road in sunny days and rainy days is different.
Twinci: Yes. Metaverse has caught on the trend and I think it has every reason for that. Can we expect something relating to it from your side in the near future?
EpiK: We are helping some Digital Twin (a kind of metaverse) companies to collect knowledge graph data now.Digital Twin aims to simulating a real city, such as New York City.We could train our AI driving algorithm in the simulated city. Just like the MATRIX.
Twinci: But that would take a lot of work and effort.
EpiK: But we have saw a lot of achievements. Our partner has simulated a city to train AI driving now. They could simulate driving data of 10,000 hours every day now.
Twinci: We would look forward to that day! Remember to tell us the good news so we can help you spread the words.
STEP 2: Twitter Questions
Twinci: Anyway, let’s get to some audience questions, shall we? There are some questions that we have collected from Twitter and need your answer!
Twinci: Great! The first question is from @sky82581343 on Twitter.
“Marketing is vital for projects to develop faster and achieve set goals. Do you have a strategy to attract new investors to your platform and keep them long term?”
I think it’s a really reasonable question.
EpiK: It’s a good question. After the launch of the main-net, the roadmap of EpiK Protocol will be divided into three phases.
- The first is the consensus phase, which we expect to take 1–2 quarters to let more people understand EpiK and participate in the construction of EpiK through community promotion, so as to provide more AI data storage bandwidth resources and AI data labeling human resources for the EpiK network. This will lay the foundation for the second phase.
- The second is the benchmarking phase, which we expect to take 2–4 quarters to establish a good brand foundation for the third phase by providing all community members with a clear sense of how much value they can generate from the data they participate in labeling and storing in specific AI applications through 1–2 benchmark AI applications.
- In the third phase, we expect to take 4–12 quarters to provide AI companies around the world with a compliance channel to purchase data on the EpiK chain in fiat currency through a large number of knowledge gateway service providers around the world at prices far lower than traditional data companies, so that AI companies, research institutions, and university students can enjoy the value brought by blockchain technology.
Our tech team is working on the second target. And out market team is working on the first.
Twinci: That’s very detailed.
EpiK: As a new EPKer (which is the name of our community member),
a. If you are educated, you could join us to act as a EPK Bounty Hunter helping us to label AI data in Knowledge Mainland App. You will get rewards via finishing tasks correctly. If you could invite more friends to help us to label AI data, you will get more commission rewards.
b. If you have idle machines, you could join us to act as a EPK Knowledge Miner helping us to store AI data in a decentralized manner. You will get rewards via providing storage and bandwidth resources.
c. If you are creative, you could apply for our grants program which will be published in our website http://epik-protocol.io in next week.
Here is our Knowledge Mainland App. https://www.epikg.com/ We have designed mystery box in this App. Users could get some EPKs and NFTs in it. We could explore something new with Twinci in this App.
Twinci: Knowledge mainland application is the only way of getting epik points now, what about the integration with @twinciio aiming at?
Epik: Actually, everyone could get new issued EPK in three methods.
- You could act as a EPK Bounty Hunter via playing Knowledge Mainland App to earn EPK. There are 30k EPK distributed to EPK Bounty Hunters in Knowledge Mainland App. https://www.epikg.com/
- You could act as a EPK Knowledge Miner via setting up a knowledge node following the tutorials https://github.com/EpiK-Protocol/go-epik/wiki/How-to-join-Mainnet. There are 240k EPK distributed to EPK Knowledge Miners based on how many files their nodes have stored.
- You could act as a EPK Domain Expert via designing AI data format, verifying AI data and developing AI Apps based on AI data in EpiK Protocol network to earn EPK. Here is the application form: https://forms.gle/UJ3WiFVuQMyaKjC17. There are 30k EPK distributed to EPK domain experts based on how much data they have produced.
Twinci: …that’s a lot of ways to get some extra EPK for yourself guys.
EpiK: Moreover, EPKers also could get more EPK in other events.
- You could use EPK as votes to support a domain expert in EPK wallet (https://www.epik-protocol.io/wallet). There are 3k EPK distributed to voters based on how many votes they have owned.
- You could deposit EPK in CoinWind(https://www.coinwind.com/) to get lending bonus.
- You could provide liquidity of EPK in gate.io to earn GT.
We are happy to explore more EPK scenarios with Twinci.
Twinci: Too much great chances for EPKers to earn EPK. Thanks for the answer! and here comes the next question: From @ansutrickzz, If your Block chain is live Now But How Adopt More Investers in to Epik Protocol if any new promotions planned from the team..?
Twinci: We have a lot of events to attract new investors. In blockchain industry, our knowledge miners help us a lot in the market promotion. They have many HIGH APY products for users to join as a EPK knowledge miner. In AI industry, almost all our partners feel great to help us promote in AI companies. They REALLY lack AI data all the time. They need high-quality AI data to train their algorithm. It’s a very big market and they are happy they could spend less money to get the data from our side.
Twinci: Right, the 4th question comes from @HikariKagami: What’s make Epik Protocol special than other project?
EpiK: Here is a great article to explain why EpiK Protocol is so valuable.
In short, EpiK Protocol bridges blockchain and AI. Moreover, we could find a lot of scenarios being eager for AI data in this information century.
Twinci: Great! Now is the last question of part 2. From @lokesh01539817: What are the security protocols that you have included in your platform to protect all the assets and products of your main commercial partners and users?
EpiK: On August 15, 2021, EpiK Protocol main-net was launched. On the first day, the number of on-chain transactions exceeded 44w and the number of access nodes exceeded 2w. The total value of ERC20-EPK exchange for EPK on the main-net exceeded 3000w USD and achieved zero exchange error. The number of pledged tokens exceeded 2200w, accounting for 50% of the total circulation of the whole network.These achievements are the best answers to the security concern!
Twinci: Yes. We also highly appreciate it. Perfect! Now it has come to the most awaited moment: community questions!
STEP 3: Live questions
Q1: @bevo002, do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
EpiK: Yes, every EPK hoder could participate in the governance of the project. We have a governance whitepaper in our website https://epik-protocol.io. We will publish EpiK DAO in Q4, 2021. Before EpiK DAO is alive, we have EpiK PreDAO open for EPKers to participate in the governance. Here is a detailed introduction about EpiK PreDAO. https://epikprotocol.medium.com/epik-predao-will-be-alive-4b2f59999693
Q2: @luckyboy0305, only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem. What is the problem that your project primarily focuses on? Please share with us!!
EpiK: The real problem is AI data is becoming more and more expensive for AI companies. AI Data labelers cannot get any bonus from AI companies. These labelers could only sell their time to earn money. EpiK Protocol rebuilds these collaboration based on blockchain and make it as a sharing business. AI data labelers not only sell their time to earn money but also get bonus after other AI companies use these data. In this way, the price of the data will decrease and the data could play greater value in the world.
Q3: @bbrooks066, where I can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups? your information will be published in following channels.
EpiK: Twitter: https://twitter.com/EpikProtocol.
Twinci: Congratulations our lucky girl @luckyboy0305, 2 more bullets left, Who are the lucky heart attackers.You drop your question yet?
Q4: @atlanta764, What are your targets in 2022? Will you enter the NFT industry in the future? Are you also thinking about adding an NFT to your portfolio?
EpiK: We will work on making our decentralized collaboration tools better in 2022. We will enter NFT industry. Labeling AI Data is boring. So we build a game to attract EPKers to do it. NFT and metaverse are very good technology to make games more funny. We are open to all kinds of cooperation in this area.
Q5: @AFRICABa, can I buy your tokens right now and also which wallet support your token?
EpiK: EPK is listed on Gate.IO, MXC and UniSwap. Please download our official wallet via https://www.epik-protocol.io/wallet.
Congrats! Here are the 10 winners for AMA acivity with Twinci on Septmber 4th. Thanks supports from everyone!
@sky82581343, @iamAbNks, @Ansu.bit, @HikariKagami, @Lokesg01539817
@bevo002, @bbrooks066, @atlanta764, @ AFRICABa, @luckyboy0305