LAMPIX TOKEN - IMAGE MINING AND BLOCKCHAIN BASED COMPUTER-VISION AND MACHINE-LEARNING | free GIVEAWAY token |
My fellow Steemians after looking at SMARTCONTRACTS in my last article, i discovered a new platform called
https://lampix.co/index.html
Free giveaway celebrating the launch
https://gleam.io/1851e/lampix-token-launch-giveaway
SUMMARY
they are building the first blockchain based ‘image mining’ network for augmented reality or any other computer vision systems, such as the Lampix product. We are creating a new blockchain that will hold {image,description} data-sets of real world objects. This data is a vital prerequisite for augmenting reality systems ranging from smartphones, wearable glasses, or their own Lampix product.
Lampix transforms any flat surface into a smart surface using machine learning and computer vision. Since we started Lampix in 2015, we have acquired paying clients like Bloomberg, PwC, large retail chains, and we have a pipeline of about 200 famous companies inquiring about Lampix. Lampix was among the 2% of companies who were accepted at the Highway 1 accelerator in San Francisco in fall 2016. We also won in March 2017 the best Augmented Reality and Virtual Reality company at SXSW festival, the largest festival of its kind in the world.
To enable Lampix to reach its full potential, we need to build a billion-picture-and-description database.
they will use PIX tokens to grow the data ecosystem through purchases and payments. PIX token usage:
**Spend PIX / Purchases **
Data from the database
A Lampix device
Buy Lampix Apps
Cloud computing service (Lampix GAS)
Earn PIX / Payments (to)
Picture miners
Voters
Develop Lampix Apps
We are doing a crowdsale token launch (CTL) for PIX tokens at the beginning of August 2017. The CTL is a vital component to bring the Lampix and database to fruition, which will play a key role in developing augmented reality applications across many devices.
Our vision is a Lampix in every room, shop, office, and factory.
Lampix for developers - what is Lampix and how does it work
Lampix augmented reality for retail - example
Tic tac toe - showcasing collaboration on a piece of paper
George POPESCU
CEO Lampix
George is an MIT alumni based in New York and has 3 Masters degrees in Computer Science and Electrical Engineer, 3D Printing and Nanosciences. He was the founder of Boston Technologies (BT), the #1 fastest growing company in Boston in 2011. BT was also on the Inc 500/5000 list for 4 years in a row. He built 9+ companies to date. He lives in Hell's Kitchen in New York. He is of Romanian origin.
MihaiDUMITRESCU
CTO Lampix
Mihai is the Founder, CEO and CTO of Rosoftlab. Rosoftlab, since 2006, is a research and development firm in computer vision, augmented reality and related mobile and web apps. Their products and services are used by clients in Germany, Switzerland and many other countries. Employing more than 20 people, Rosoftlab counts among its clients Migros, the largest retailer in Switzerland. Rosoftlab’s continuous research and development has led to the creations of multiple companies, such as VanillaNAV, an easy to set up indoor navigation system.
Why do we want smart surfaces or Augmented Reality?
We believe we can free human computer interactions from digital screens. Think Tom Cruise in Minority Report. Imagine your room in 5 years: you will be able to use any surface around you as if it was a computer. The ability to transform any surface into an interactive computer (augmented reality) is going to unleash applications we have not even conceived of. Think about how much smartphones changed how we live. This is going to be a similar impact. A few examples of many include a retail store being able to have the same information as if you were on Amazon while having the product in your hands. You will be able to remotely collaborate and write with a co-worker’s paper remotely as if you were in the same room. Imagine using any table surface at a restaurant to order or play games. When cooking, you can place ingredients on a table, which would then display recipes and instructions next to them. Take a look at our youtube channel to see some examples in action.
Why do we need a {image,description} database?
Any application that uses computer vision and machine learning (example: self driving cars, Google Glasses, Hololens, MetaGlasses, other augmented reality systems, etc.) needs to be trained. Three types of data are needed: training, validation and testing. It is like training a human baby to talking: you need to show them, say what it is, make the baby repeat and verify that what they said is accurate or correct it. There are two parts in making the perfect computer vision system: a lot of data and good algorithms. It takes a lot of data in different contexts to train a good computer vision system. We believe using crowdsourcing and blockchain is the best approach to build such a database.
Why Crowdsourcing and blockchain?
Existing databases are controlled by the company who built them. Google for example has made such a database available here . However, there are two problems with this approach: Google controls this database and can at any moment forbid their competitors from using it, remove access to it, etc. Secondary, this database includes only the data Google thinks is needed.
We want a world where no single company, and not Lampix neither, will control who has access to the data, and what data should go in the database. No centralized control. This is why we are working on the blockchain. This database will be available to any miners or users to who earn or pay PIX tokens.
What else can the blockchain help with?
We also plan to include on the blockchain a hash of each picture once it is approved and entered in the database. This will address 2 concerns:
We want users to know for certain the picture has not been tampered with
And we want users to know that they used the full data set and no actual picture has been removed or added.
This mechanism increases the security of the data in the database.
Why do we need a billion images database?
Based on experiences of companies like Google with their machine vision database 1-billion-data points seems to be a size that is meaningful and useful for a large set of systems and applications.
Why do we need tokens?
We are building a crowd-mined on the blockchain {image,description} database of at least one billion sets. We believe this database should be independent of any central control. We believe the right mechanism to encourage mining is to pay miners for their labor. We believe we should also charge users a smaller amount for using the data in the database. PIX tokens can be spend on Lampix devices which will be the simplest way for miners to mine {image,description} set. For all these reasons we need a token, we refer to as PIX, to help tying together this economy.
Why are you doing a crowdsale token launch (CTL)?
We need help to finance the beginning of the mining process for a large enough {image,description} dataset for all augmented reality projects including Lampix. Having a Lampix device will be the easiest way to do the mining but we also need help financing it’s manufacturing at scale.
We hope people will use Lampix not only to mine but also to enjoy it with applications and to develop Lampix apps as well. This will also increase the Lampix user-base which will therefore encourage developers to build more apps for Lampix and its users.
Through this mechanism we enable and accelerate the adoption of augmented reality and smart surface for the entire human population.
What is an ICO or CTL?
Many people refer to a crowdsale token launch (CTL) as an ICO, Initial Coin Offering. A crowdsale token launch is a way for companies to raise capital by issuing their own cryptocurrency, which is usually used on a company’s platform. Each PIX token, in our case, will be used as a form of payment to picture image miners, voters and app developers, or to purchase a Lampix, cloud computing and apps. This has nothing to do at all with an Initial Public Offering (IPO) in which shares are being sold to the public. As you can read in Fortune here : “Renowned venture capitalists like Chris Dixon of Andreessen Horowitz and Fred Wilson of Union Square Ventures now tout ICOs as a new form of corporate financing. “ “In the second quarter [of 2017], ICO issuance was greater than venture capital, with $210 million [invested in ICOs] versus $180 million [invested into startups by VCs]. We do expect that transition to continue; it’s why we’re doing what we’re doing.” From Techcrunch article here.
When does the crowdsale token launch (CTL) start?
The CTL will run on the Ethereum platform and will begin on August 9th, 2017 and run through August 18th, 2017.
What will be the address and block for the crowdsale token launch?
The address and the exact block will be shared a few days before the CTL.
How do you structure your token launch (CTL)?
After reading Vitalik’s paper on initial token pricing we have decided on a structure that is new and we hope will be more fair and will allow more people to participate: We are creating 1,100,000,000 PIX tokens. We will sell 50% of the tokens in the token launch over 3 days.
Day 1 we will sell $20mil worth of tokens with a 15% bonus
Day 2 we will sell $20mil worth of tokens with a 10% bonus
Day 3 to 10 we will sell $20mil worth of token with a 5% bonus
We will put 30% of the token in reserve and we will use 20% of the token for the team, partners. Please see our financial model for full details on the tokens. We need to raise roughly $50mil to make any surface a smart surface in the next 4 to 5 years.
How will the reserve be used?
The tokens set in reserve will be under the following rules:
25% will be locked for 12 months
25% will be locked for 24 months
25% will be locked for 36 months
25% will be locked for 48 months
At each release of tokens
30% will be used for data acquisition costs, development, marketing and other corporate needs.
50% will be allocated to acquire other companies, patent needs and IP needs
10% will be allocated to external partners, if needed
10% will be distributed to all PIX token holders ( air drop) proportionally to their then holdings in PIX tokens.
How much is a PIX at launch?
One PIX is equivalent to $0.12 during the Crowdsale Token Launch.
What will be the address and block for the crowdsale token launch?
We will publish the address and block a few days before the sale.
How does the token scheme take advantage of the distributed/decentralized nature of Ethereum?
We are doing {image,description} sets mining. For each set submitted, we will first run some computer vision algorithms to discard doubles and obviously not correct pictures. We will then ask the distributed user base to vote on the pictures to make sure the image and description match.Both, miners and voters, are paid once the set has been accepted into the database.
Why is there a need for other companies and developers to buy data for machine learning from this database?
Lampix is just one platform among many others in this market. This database can be used for other platforms like HoloLens, Google Glasses and any other AR platform as well.
How do we decide what image classes are needed?
Similar to existing databases, we will create a tree of categories that we are willing to pay for. We will attach a token value to each branch, sub-branch and leaf. Other people can also add branches to the tree and attach PIX tokens bounties on them for the crowd to mine the {picture,description} for the branch.
Why are you doing a CTL?
We need funds to grow the database and distribute Lampix devices. People who own a Lampix can help mine {image,description} datasets, which will make us the epicenter for all augmented reality projects and applications. The CTL will accelerate our growth to bring augmented reality and smart surfaces to every household.
What is the the basic unit of value for the PIX token? (such as user's attention in BAT token or gold used to be for money)
PIX tokens’ value stems from the time/effort put into mining the {picture,description} dataset.
Moreover, the PIX token is the gas to drive your Lampix to do vision and machine learning with the help of cloud computing power. PIX tokens are used to pay for the Lampix cloud computing service (like GAS for Ethereum) at a rate of $9.00 per a month. But you can also use the PIX tokens to pay for data for any other Augmented Reality system.
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