The journey to become a traditional decentralized NFT market and lending is still going in the right direction for TrustNFT, which aims to serve its consumers with AI-driven borderless crypto loans.
Being a proprietary project, TrustNFT is still undergoing several changes with a number of new updates announced from time to time. Topping the list, the project has started the private token sale business, which is expected to run until November 29.
According to Mantas Mackevicius, CTO and co-founder of TrustNFT, the private investors They are currently welcome as time to board the moving train is limited.
He noted that early investors can benefit from the discounted price, which is a big deal compared to the swap price.
Registrations are open
The aforementioned update is in line with the project's proposed roadmap for November, which implies that the project organizer strictly adheres to every set goal, which is quite impressive in a field where new projects are popping up. and vanish every month.
While private token sales are still ongoing, applicants can also sign up for the project's presale waitlist, which will also close on November 29.
Members who sign up for the waitlist get unlimited access to the project's unique platform features before it goes live. Likewise, waitlist members will also have access to Telegram's VIP channels, allowing them to meet other people who share similar interests.
Project organizers also plan to go public by listing the network token in an initial DEX offering (IDO) through some yet to be identified exchange protocols by early December.
TrustNFT launch to be implemented in four phases
Speaking of the project roadmap, Mackevicius revealed that the launch of the project will be divided into four parts, the first of which is the loan aspect.
The first line of lending facilitation products is scheduled for the first quarter of 2022, after which subsequent launch activities will be carried out.
In particular, Mackevicius explained that the central aspect of the project, the AI section, will be iterated as a second phase of the launch process. At this point, training of the bot will begin, while the project framework will be tested repeatedly to ensure uninterrupted operation, constituting the third and fourth phase of the launch activities, respectively.
Speaking of training, Mackevicius noted that a lot of data is needed from users to make the AI section of the project work, which is why it will arrive shortly after the product launch itself.
“It needs more data. We need to collect data from our blockchain, our users and the public domain to successfully train our artificial intelligence model, ”said Mackevicius.
Project on the launch pad
When asked about their biggest challenge, he was completely transparent that training and implementing AI in the project's core infrastructure might require special attention to detail.
“Of course, it's not entirely flawless. Having all the data needed to train AI is one of the key challenges. The hardest part will be distributing it to real customers. But I believe that with one year to train and implement the functionality, all these challenges will be addressed ",
For this reason, the team collaborated with Andrius Bartminas, who has extensive experience in this regard, having worked on at least seven blockchain projects with AI integration.
Also, as NFTs are still very much at a crucial stage, a lot of corrections need to be made in terms of pricing, which further makes the AI's job much easier. That said, the project is expected to be fully launched by the end of 2022, barring technical delays.