Rice AI (Rice Robotics) (RICE)
Rice AI is a decentralized AI data network developed and backed by the robotics company Rice Robotics. It builds a crypto-powered reward system that incentivizes users to contribute valuable data for the AI robotics industry, which companies can then leverage for their own applications.
$RICE is a utility token of the platform used for paying for usage of the protocol, rewarding data providers, and governance. What’s more, $RICE will be subject to regular token burns using Rice’s generated revenue.
Since launching in 2019, the startup has raised over $7M from investors like Alibaba Entrepreneurs Fund, Soul Capital Limited, and received backing from Floki DAO and BNB Chain. Now, it aims to raise an additional $750K via its $RICE ICO on TokenFi, targeting a $7.5M FDV.
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