Returning from the "runaway": Understanding gm.ai's Solana ecosystem ambitions in one article
Original｜Odaily
Author｜Wenser
In the early morning of April 1st, Beijing time, the AI project gm.ai, which had raised 160,000 SOL, officially disclosed the overview of the token economic model, opened the query of token allocation results, and promised that the mainnet will be launched as soon as this month.(Note: gm.ai is Dexter’s third entrepreneurial project. The first two are Whales Market and Loot Bot.)
Dexter then forwardedgm.ai latest announcement, and said: We are betting that Solana is very likely to become an ecological chain for C-side users in the upcoming market cycle. We are very happy to announce the grand vision of gm.ai as the execution layer of Solanas AI territory and gradually release what the team has been working on. Results. GM is the future of Solana AI.”
Solana + AI + Bot, gm.ai, as the latest masterpiece of Dexter, is full of buffs as soon as it appears. It is determined to play the role of the AI execution layer of the Solana ecosystem and become the underlying infrastructure platform of the Solana ecosystem.
From the very beginning, it took advantage of the Solana Memecoin pre-sale boom to raise US$32 million in less than 24 hours. The 159,800 SOL raised for the new AI project were transferred to Binance and exchanged for stable coins, saying that this move was In order to avoid the sharp depreciation of SOL, and then later announced the name of the project as gm.ai and issued the latest announcement, Dexter can be called a man who understands the market heat. Today, Odaily takes everyone to review the entire process of gm.ai from 0 to 1.
1. Review how the gm.ai project went from 0 to 1
From pre-sale to runaway: the beginning of drama
On March 18, five days after BOME started the Solana Memecoin craze, Dexter, the founder of the over-the-counter trading protocol Whales Market, tweeted that he would launch a pre-sale for his new AI concept project, with a minimum amount of 1 SOL, 24 hour cutoff.
But Dexter obviously underestimated the market enthusiasm at that time. In just half an hour, the project was launched.Raised 155,000 SOL, worth over $32 million. Subsequently, Dexter reached its hard cap of $30 million.Post a messageSaid that it has deleted the previous project fundraising announcement and will return the excess funds within 12 hours, andAlert usersThe hard cap limit will not be increased, so be careful not to be deceived.
Just when everyone was looking forward to Dexters next move, he came up with a coquettish move that made the donation users instantly feel their hearts in their throats.
On March 19, Dexter will raise 159,800 SOLTransfer to BinanceWithdrew about 10% of the funds (15,980 SOL), and thenPost a message to express, partial refunds that exceed the fundraising limit are about to begin. It will transfer the remaining funds to Binance and partially exchange them for stable coins to avoid a sharp depreciation of SOL, and promises that the funds will be allocated reasonably.
For a time, the curse was overwhelming, and many people thought that Dexter was going to run away directly with Rug, and even their original trust in its over-the-counter points trading platform Whales Market was shaken.
GM: Greetings and departure for the new project
In the early morning of March 21, DexterPost a messageAnnounced the name of the new project as gm.ai, the token name as GM, and announced the official account @gm_dot_ai。
At this time, many users who had participated in the project pre-sale were finally relieved. Subsequently, gm.aiPlatformThe pre-sale result query is open on the website, and 9,805 SOL will be refunded. The final fundraising amount of the project has also been fixed at 150,000 SOL.
March 24, DexterPost a messageUpdated the latest progress of the gm.ai project, saying that the project white paper of the token GM will be released next week, and the Whales Market will also open the GM pre-market (pre-market).
On March 26, Dexter againPost a messageWarming up the news related to the gm.ai project, saying gm.ai is the execution layer of Solana AI.
Aiming Bigger: The Future of Solana AI
March 28, Dexter in ChinesePost a messageAsking Who can help me translate the $gm white paper into Chinese? once again aroused discussion among many Chinese community users.
On the evening of March 31st, DexterPost a messageIt was said that the project announcement will be announced in 3 hours and ultimately the appointment was rejected. It wasn’t until the user’s “expectations were full” that he finally arrived at around 2:39 a.m. on April 1.Forward the official account of the gm.ai projectAnnounce and reveal the ambition of the gm.ai project:Betting on the Solana ecosystem, GM is the future of Solana AI.
Looking back,As a veteran Crypto entrepreneur, Dexter’s grasp of market hot spots, gradual disclosure of project information, side response to user emotions and choice of product positioning for entrepreneurial projects can be called a “textbook-level display”, and betting on Solana’s publicity The statement is a clear indication of goodwill to the Solana ecosystem and many projects and preparations for subsequent in-depth cooperation. At present, the gm.ai project is quite promising.
2. gm.ai project announcement and interpretation
After more than ten days of preliminary preparation and foreshadowing, the gm.ai project announcement was finally released. What does this short announcement say, and how should we interpret it?
Brief introduction to project announcement content
Released according to the official account of the gm.ai projectLatest Announcement, Odaily made a brief translation, the specific content is as follows:
gm.ai is the Solana AI execution layer. gm.ai is the most advanced Solana-focused artificial intelligence system to date. Before going deeper, the token pre-sale allocation result query address is as follows:https://gm.ai/presale-allocation
gm.ai has a deep and comprehensive understanding and insights into the entire ecosystem of the Solana protocol, as well as deep familiarity with their public source code. it can:
Answer the most complex and nuanced questions related to the Solana ecosystem (even those related to meme coins)
Perform on-chain swaps based on user commands (fully trusted and non-custodial)
Execute a series of on-chain transactions against a preset goal
For example:
Swap from asset A to asset B, and pledge asset B on the X protocol to obtain optimized returns
When the yield of Y protocol is higher, the pledged assets are automatically transferred from X protocol to Y protocol
Any other possible on-chain operations, as long as they are on-chain
To sum up, gm.ai can fully understand and operate the Solana ecosystem, provide users with highly flexible and automated on-chain services, and simplify the complex DeFi operation process. It integrates intelligent question answering and automated execution, allowing users to enjoy an unprecedented convenient experience on Solana.
gm.ai is very flexible and adaptable.It can be integrated into different protocols as a chatbot assistant, used in the form of a responsive Telegram bot to provide instant access to its vast knowledge base of data, or embedded in web application interfaces to provide a user-friendly entry.
gm.ai is a pre-trained machine learning model that streams real-time data every second.gm.ai has the ability to provide an in-depth explanation of the Solana meme coin using its ability to aggregate and analyze data from a variety of sources such as on-chain transactions, Twitter posts, images, Telegram chat discussions, and more.
gm.ai aims to be Solana’s “featured” AI.Each transaction executed through gm.ai will incur transaction fees, which will be used to automatically buy back and destroy GM tokens. We envision that the number of on-chain transactions facilitated by gm.ai may reach hundreds of transactions per second in the future, and each transaction will contribute to the economic model of the network.
gm.ai is built for users and developers.During the initial phase of the roadmap, the Foundation will focus on developing the first dApps to kick-start ecosystem activity and increase participation. As it continues to evolve, the vision for gm.ai is to become a universally accessible backend layer that anyone can seamlessly adopt or integrate into their projects. Owning GM tokens means owning a permanent stake in the entire ecosystem.
Because of the importance of decentralizing this powerful model, the majority of GM tokens (total supply: 1 billion) will be owned by the community.
The token economics model set by the gm.ai Foundation is as follows:
55% owned by the community (unlocked within 8 years)
20% is used for pre-sale quota allocation (TGE to be unlocked)
10% belongs to the foundation (unlocked within 6 years)
15% for liquidity and airdrops
Project short-term roadmap:
Beta builds could begin as early as next week.
Mainnet will go live in the third week of April (ideally).
GM token issuance and decentralized distribution will be launched immediately after the mainnet goes online.
Ecological applications will be launched gradually this year.
For more detailed and continuously updated documentation, please visit:https://gm-ai.gitbook.io/gm.ai (will be updated tohttp://docs.gm.ai）
Stay tuned for a more detailed Token Economics Model + Beta release announcement next week.
Currently, GM tokens have not been issued and launched, please be careful to beware of scams.
Interpretation of gm.ai project announcement
Looking at the whole article, there are three key keywords in the gm.ai announcement: Operational + Data + dApps.
1.Operational: The main function of gm.ai is on-chain transaction operations and automated execution.
For example, the replacement of the pledge agreement mentioned in the example. For many people, the operation steps of monitoring the yield of different DeFi protocols and un-pledge-re-pledge are cumbersome and the operation cost is high. If gm.ai can implement asset circulation and other operations at the protocol level in the future, then this function is expected to become a coupling component and infrastructure between many protocols and platforms, thereby driving the growth of gm.ais radiation range and the value of GM tokens.
2.Data: The main advantage of gm.ai is that it can concentrate multiple data on and off the chain for diversified analysis and processing.
One of the pain points of the current Web3 industry is that data sources are complex, data statistics are of different calibers, and scam information is flooding them, security incidents occur frequently, and the collection, sorting, cleaning, and output of data on the chain are also a big problem. If the subsequent data processing function of gm.ai can achieve breakthroughs in this area with the help of the power of AI, then the update and iteration of user functions-market functions-product functions at the data analysis level as well as data pipelines, data storage, data services, etc. Features will also be worth looking forward to.
3.dApps: gm.ai will not only link down to the Solana ecological project, but will also incubate more dApps upwards.
According to the announcement and project document information, gm.ai’s API interface and SDK components will also empower many AI Agent-related dApps. Users will be able to create or use related AI products to achieve diversified interactions between humans and AI robots. On the one hand, they can interact with gm The .ai platform shares revenue and on the other hand contributes more UGC content to the platform. It is reported that an interactive character robot dApp called AnotherUs will be released soon, and artificial intelligence-driven intention transactions will also be possible.
Compared with this, the Solana intelligent question and answer function mentioned by gm.ai at the beginning is a little more conventional, but it still looks like a cheap and easy-to-use customer service robot.
3. The possibility of the follow-up direction of the gm.ai project
Currently, the official documentation of gm.ai mentionsPre-trained AI models pageIt is still blank, so the AI model performance and specific function implementation are not yet clear. However, according to existing information, the main follow-up development directions of the project include the following aspects:(Odaily Note: The following is only subjective speculation based on existing information and does not constitute any investment advice. Users are advised to pay attention to asset safety and choose investment targets carefully).
Solana Ecological AI Alliance
gm.ai aspires to become the AI execution layer of the Solana ecosystem. Naturally, it cannot avoid the existing projects of the Solana ecosystem. With the continuous development of the project, different projects or platforms of the Solana ecosystem may form two types:One is to access gm.ai, the Solana ecological AI alliance project that allows gm.ai to implement on-chain operations; the other is to refuse access to gm.ai, and the asset circulation and protocol interaction levels are not connected to gm.ai Solana ecological project.
Based on this, if development goes smoothly, the value of the gm.ai platform token GM is expected to be on par with the tokens of Solana ecological infrastructure projects such as JUP and RAY.
gm.ai’s ecological landscape is gradually improving
According to existing information, gm.ai wants to build not just a tool-type platform, but to gradually improve and enrich its own ecosystem on this basis. On the one hand, it links different projects in the Solana ecosystem, and on the other hand, it links ecological developers and C-side users. In this way, you can not only enjoy the dividends of Solanas ecological development and collect transaction fees on the chain, but also continuously attract new users to use and stay, thereby building a closed-loop flywheel of project-gm.ai platform-user.
The long-term prospects of AI concept coins
In the future, gm.ai will not only be able to achieve growth in the Web3 field, but also be able to capture the AI concept craze, making GM an AI concept currency to attract wider dissemination and promotion. After all, with the emergence of different AI products and the growth in market value of industry giants such as NVIDIA, the AI concept is a natural focus of attention. On this basis, gm.ai can naturally achieve more levels of value capture.
4. The possibility of gm.ai wealth effect
Before publishing,gm.ai official websiteIt shows that in less than 24 hours, 53,950+ email registration applications have been made, waiting for the beta version of gm.ai to be officially launched. It can be seen that the current market sentiment is still highly concerned about this project, so the profit opportunities that gm.ai can provide in the future include the following possibilities:
Whales Market OTC
According to information from Dexter himself and the official gm.ai account, the gm.ai token GM pre-sale quota will be listed on the Whales Market in the future. Therefore, from now to the third week of this month (the ideal situation for gm.ai mentioned in the announcement Mainnet launch time), GM’s OTC transactions may have some room for profit.
gm.ai ecological application development
According to the existing official document information, gm.ais subsequent dApps ecosystem will attract more AI industry practitioners, technology developers and AIGC content creators. Therefore, there are also certain opportunities to make money in this area, and relevant creator incentives may also be passed GM token implementation.
Solana ecological project access
For gm.ai, being able to attract more Solana ecological project connections will bring more transaction operation requirements and a wider range of attention to itself. Therefore, subsequent cooperation in this area will also be an important factor in the development of the project. One of the key points is that the transaction fees charged by the gm.ai platform may also encourage more Solana ecological projects to join.
in conclusion
Starting from the fundraising called pre-sale, but actually investment, Dexter gradually pushed gm.ai from obscurity to the forefront, and successfully realized the creation of the project from 0 to 1. As for whether gm.ai can gradually become the execution layer of Solanas ecological AI, as Dexter expects, and use AI tools to achieve trusted operations on the chain, perhaps only time will tell us the final answer.
