Nodepay (N/A)

AI, being an extremely complex technology, requires a lot of computing resources and data to develop and train new models, which is usually available only for the big tech corporations. This gives such companies an unfair advantage over other developers, thus, making the entire process of development of AI technology inefficient and limited only to the tech giants. 

What is Nodepay? 🤔

Nodepay aims to break this monopoly by establishing a decentralized AI network, allowing users to download either node on their computer or on the Nodepay Chrome extension to provide unused computing power while businesses can acquire this power for their own purposes. When AI startups access the computing power of the Nodepay AI protocol, they pay a fee to the protocol, which is later redistributed among the computing resource providers. 

It offers several tools and services to businesses aiming to enhance the platform functionality and improve the efficiency of training new AI models:

• Node Collect: A core component of the platform, gathering, storing, and indexing real-time data from the contributors, the Nodepay app pays specific attention to actualizing and structuring their stored data to potentially deliver higher quality results to the AI protocols. 
• Node Search: A decentralized search engine powered by the same database of data providers. It offers more accurate search results based on the users’ queries if compared to traditional engines like Google. 
• Node Force: Reinforcement learning platform, helping businesses improve their AI models through feedback from real users. With Nodepay users are able to contribute to the platform and earn rewards by leaving feedback to the AI model outputs, thus helping AI startups improve their models. 
• Node Wars: A skill-based web3 telegram game designed to incentivize engagement on its platform while verifying users’ humanity. Throughout completing tasks and earning achievements in the game, users verify their humanity and earn additional rewards across the Nodepay ecosystem.

🪙 Nodepay token: According to the platform’s tokenomics, it will be powered by the native token which will be used to pay usage fees, reward data providers, and governance votings. It has already finished the 0 and 1st phases of its points farming campaign, confirming an upcoming TGE, season 1 airdrop, and soon release of the second phase of its points farming campaign.

Given the rising amount of interest among the crypto community towards the Nodepay crypto project, our team thoroughly analyzed the platform and prepared a list of pros and cons you might want to consider before jumping into the Nodepay season 2 airdrop or investing in its token:

✅ Nodepay pros:

• Large amount of users (over $1.3M);
• While at the moment it is not as hot as was around half a year ago, the AI narrative in the crypto space still has some strength on the market;
• Airdrop and token are confirmed;
• High Growth Marketing performance;
• Above the average Influencer Marketing, Marketing Infrastructure, and SMM scores;
• Strong network of reputable backers;
• One of the co-founders has work experience in the BNP Paribas bank.

❌ Nodepay cons:

• No security audits of the platform;
• No tokenomics even despite the token confirmed;
• The first season of the airdrop has already concluded, so it is very likely that the second season rewards will be lower;
• No publications from the top-tier media;
• Below the average PR performance;
• Very weak SEO;
• Large number of users may be a disadvantage for Nodepay airdrop;
• N/A raise amount;
• The core team members are poorly public, with no Twitter, or aren’t mentioned as a C-level on the company’s LinkedIn;
• Lack of top-tier partners;
• No roadmap.