Privasea
Privasea is a DePIN network designed to prioritise the privacy and security of data throughout the AI data computation process. To achieve this, it uses an innovative technology called Fully Homomorphic Encryption (FHE), which enables computations to be conducted on encrypted data, producing results that are identical to computations performed on unencrypted data. This ensures that privacy of the data is preserved throughout the entire workflow, including AI model training and evaluation.
Key points
- Innovative Technology: Uses Fully Homomorphic Encryption (FHE) to ensure data privacy during AI computations.
- Robust Tech Stack: Includes Privasea API, Privanetix nodes, and Smart Contract Kit for secure and private data handling.
- Market Success: ImHuman App launched on App Store and Google Play, minting over 240,000 proof-of-humanity NFTs.
- Strong Team & Backing: Expert team supported by $10 million from investors like Binance Labs and OKX Ventures.
- Established a strategic partnership with Zama.
Other useful links:
Team
Funding
Timeline
Partners
The Product
The Privasea AI Network is a powerful system designed to prioritise the end-to-end data security throughout the AI computation process.
The ImHuman app is a Proof of Humanity (PoH) technology that verifies your human activity to protect your digital presence from bots and AI simulations. It uses facial biometrics to authenticate your human identity, generating a unique NFT - your personalised proof of humanity.
FAQ
What is the Privasea Alpha Deal?
The Privasea Alpha Deal includes the purchase and setup of Privasea nodes on investors’ behalf. Investors will receive Privasea Token rewards from these nodes. Rewards will be distributed to investors directly in the SwissBorg app on a monthly basis starting from the launch of the Privasea mainnet which is expected in December 2024.
What is Borger Rank and What Are the Vaults?
The Borger Rank is a ranking within the Borger Journey, a loyalty program designed to enhance the SwissBorg experience for our valued users. Based on your BORG holdings, you are a member of one of the Borger camps which is your rank. The higher the camp, the better the rewards and opportunities.
One of these perks is also eligibility for the Alpha Vaults. Based on your Borger camp you are eligible for one or more of the following vaults - Bronze, Silver, Gold or Diamond. You can find which vaults you are eligible for in the Profile section of your app.
Can I buy a fraction of the NFT?
No, you can only purchase an integer amount of NFTs. The price for one NFT is 0.27 ETH regardless of the vault you are eligible for, however the higher tier vaults allow you to purchase more NFTs.
What Are the Terms for Each Vault?
Can you tell me more about rewards? How and where will I receive them?
By investing in this vault, you become eligible to receive the Privasea token rewards for 3 years after the Privasea mainnet which is expected for December 2024. The Privasea token rewards will be distributed monthly.
The rewards emission schedule is weighed in such a way that ensures a bigger token release in the beginning. Approximately 60% of the total rewards will be released in the first 12 months after the TGE.
The rewards will be distributed every month and will be deposited into your SwissBorg account.
Does SwissBorg retain an operating fee?
SwissBorg’s partner will take the fee according to the fee schedule in T&Cs.
What happens to the node NFT after three years?
SwissBorg will sell the NFTs at the end of the period, and the proceeds will be distributed to the investors. Please keep in mind, however, that we expect the value of the NFTs to be lower compared to today since all the guaranteed rewards will be paid out.
Does a successful investment provide you with the option to host your own node?
No. SwissBorg’s partner will operate and manage all the nodes on investor's behalf.
What return could be reasonably expected across four years?
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