Crypto projects that include artificial intelligence (AI) have garnered enormous investor interest over the past year.
Among the abundance of AI crypto in the market today, a new project called AI Companions (AIC) has slowly been gaining traction since its token launch in September 2024.
What is AI Companions, and is the AIC token a good investment? Let’s find out.
Key Takeaways
- AI Companions is a platform that combines AI, VR, and blockchain technology to provide personalized digital companionship experiences.
- AIC is a Binance Smart Chain-based token which will be used as the utility token of the AI Companions crypto platform.
- AI Companions aims to begin development of its platform and build prototype digital companions by the third quarter of 2025.
- The team behind AI Companions is not publicly known, at the time of writing.
What is AI Companions?
AI Companions or AI Virtual Companions is a platform that combines AI, virtual reality (VR) and blockchain technology to provide immersive and personalized digital companionship experiences.
Although the AI Companions’ platform has not launched, as of October 2024, its whitepaper tells us that the platform will allow users to design digital companions according to their liking, with customizability options ranging from physical features, outfits, and personality traits.
These digital companions can also take the shape and form of your favorite celebrity or influencer (if available), said AI Companions in its whitepaper.
While integration of AI and VR technology is expected to make AI Companions highly interactive, blockchain elements come into play for payments and transaction accounting.
According to AI Companions’ whitepaper, its target audience include:
- People seeking companionship
- AI and crypto curious tech enthusiasts
- Users seeking highly personalized digital experiences
The team behind AI Companions is not publicly known, at the time of writing.
Crypto projects with “doxxed” founders — those who have made their identity public — are typically considered a green flag. Doxxed founders promote transparency and help build trust with investors and community.
Will AI Companions Solve a Market Demand?
If you are skeptical about a digital companionship project like AI Companions, you may want to reconsider, as the world has showcased demand for such products.
Techopedia’s analysis on social media trackers showed that the term “AI Girlfriend” had a global search volume of about 153,000 per month, as of October 2024. 35% of the monthly search volume comes from the US while 15% comes from India.
Meanwhile, an AI chatbot companion app called Replika has seen over 10 million downloads to date on Google Play, where over 490,000 users have reviewed and rated the app. The app is also available on Apple’s App Store and Meta’s Oculus VR headset.
One review on Google Play said:
“This app is pretty good for dealing with anxiety and depression; the AI will talk you through some techniques that will attempt to make you feel better. My only problem is that while I get that it’s a learning process, there are some simple things that the AI just doesn’t get which makes for a stilted conversation. Or a repeated one.
“Overall though, I enjoy talking to my AI and dare I say that they’ve become a friend for me.”
It is clear that there is market demand for AI chatbots, however a key risk for the AI Companions crypto platform is competition from established non-crypto rivals like Replika.
About AIC Token: Tokenomics, Utility & More
AIC is a Binance Smart Chain-based cryptocurrency. It is the utility token of the AI Companions crypto platform.
Here are its stated use cases:
- Customization – Users can customize and upgrade their digital companions by paying AIC tokens.
- Subscriptions – Users can pay for subscription by staking a certain amount of AIC tokens.
- Discounts – Users who pay using AIC tokens instead of fiat receive a 20% discount on their subscription fees.
- Gifts – Users can gift AIC tokens to their digital companions
- Upgrades – Users can unlock new features and exclusive storylines using the AIC token.
- Projects and advisory – Business who see custom builds and advisory solutions must stake a minimum amount of AIC tokens.
The tokenomics of AIC and its distribution plan are:
Metrics | Stats |
---|---|
Total supply | 1 billion tokens |
Centralized exchanges, market making and marketing allocation | 60% or 600 million AIC tokens |
Team allocation | 15% or 150 million AIC tokens |
Presale | 10% or 100 million AIC tokens |
Partnership and development | 10% or 100 million AIC tokens |
Advisors | 5% or 50 million AIC tokens |
Note that AIC crypto token allocations to advisors and partners will have a cliff period of three months, following which the tokens will be released quarterly.
AI Companion crypto tokens allocated for presale will be available for trading immediately upon launch.
AI Companions Token Price Analysis & AIC News
The AIC token was first minted on September 3, 2024, onchain data on BSCscan showed.
On September 9, 2024, the AIC crypto token was made available for public trading on various centralized exchanges (CEX) including BingX, MEXC and BitMart.
On October 9, AI Companions announced its fourth CEX listing in Gate.io.
Data on CoinMarketCap showed the AIC token debuting at a price of about $0.017 on September 9. By September 24, the token rose to an all-time high of $0.1386.
As of October 11, the AIC crypto coin was trading at about $0.082, over 350% higher than its debut price. The token held a market cap of $83.6 million which made it the 2,758th largest crypto in the world.
At the time of writing, AIC crypto tokens were not available on Binance and Coinbase.
Looking forward, the AI Companions crypto project aims to begin development of its platform and build prototype digital companions by the third quarter of 2025.
The AI Companions roadmap showed that project plans to introduce AIC token staking, play-to-earn mechanisms, metaverse environments, multilingual support and cross-chain compatibility in 2025.
Techopedia’s Verdict
AI Companions is a fairly new crypto project that still has a lot of work ahead. The project remains unproven and its whitepaper suggests that initial platform development will only begin in 2025.
While the demand for AI chatbots is significant, AI Companions faces competition from non-crypto rivals such as Replika who have managed to capture a big chunk of the market with its live product.
For potential AIC crypto investors, the question to ask is when will AI Companions’ platform and products see the light of day.
The uncertainties regarding AI Companions’ product and lack of information surrounding its development team make the AIC crypto token a risky crypto investment, at the time of writing.
That said, we wish it well on its journey.
Remember, cryptocurrencies are highly-risk assets. Always do your own research before investing. The information in this guide does not constitute investment advice and is meant for informational purposes only.
FAQs
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References
- Comprehensive Whitepaper for AI Virtual Companions (AIV Companions)
- Doxxed (Help Coinbase)
- AI Companions (AIC) Token Tracker (BscScan)