Fiat currency transactions are converted to AITECH seamlessly on the backend and are completed on the Blockchain with AITECH tokens. “Blockchain has many advantages, and one key use is for us to have a decentralised fast and efficient payment system.” Solidus will accept traditional forms of payment such as PayPal or Credit Card and between 5%- 10% of AITECH tokens used to purchase services on the platform will be burned as part of the deflationary token economy. The platform is set to go live imminently. Paul, as an early-stage investor himself has been successfully fundraising and to date has accumulated a total of $5,234,835.98, $1,130,926.98 has been seed, with private investments coming in at $1,587,547.00 and a Pre-Public fundraise of $2,516,362.00. “We decided not to go straight to VCs as few investors with a large percentage of the pool can harm even the best of projects, so we decided to go to private investors initially – it was a case of ‘the more token holders we have, the better’. “We worked hard to get everything in place before our ICO launch and then swiftly made connections and our business strategy came together mainly by focusing on what was working and obtaining feedback.” Solidus is now set for an Initial Dex Offering (IDO) and listing in the Summer of 2023 and multiple exchanges have agreed to list our project which include: BitMart, MEXC Global, XT.com, LBank, CoinStore, as well as current in discussions with Kucoin, Gate, Huobi, Bybit and BitGet. The timing must be right for Paul and his team. 2022 and early 2023 so the industry hit choppy waters, but there are now healthy signs for cryptocurrencies as a they are back on the steady rise, with Bitcoin surpassing $30,000 valuation in April – the first time it reached that mark for almost a year. “This market runs in cycles where projects can do very well in a bull market and can get crushed in a bear market, so we need to be well aware of the cycles and adjust accordingly. “We are now hopefully entering a bull market, so I think we are well placed. Combine that with all the developments in web3, and we should be timing this right. I think that companies that ignored the shift to web2 were left behind by companies that adapted. In my opinion, the same will happen with web3 so it is very important for there to be a bridge.” 2023 is set to be a big year for Paul and Solidus, yet in an entrepreneurial fashion, he has one eye on not only scaling Solidus AI but aims to grow several other startups. “My aim is to grow Solidus Ai Tech into a highly successful organisation and also see opportunity to disrupt industry sectors using the knowledge that I have learned. Am I likely to grow another startup alongside Solidus? Undoubtedly, yes.” www.ceotodaymagazine.com 88 VISION & STRATEGY
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