FAQ
VOSAI Frequently Asked Questions

Stay tuned and watch our website, telegram or twitter feeds.

Please refer to our token economics whitepaper found at https://vos.ai. Also see https://www.sec.gov/files/ib_accreditedinvestors.pdf.

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

http://vos.ai it’s on the front page.

Stay tuned and watch our website, telegram or twitter feeds.

VOSAI – this may change however. We will make the announcement prior to releasing the tokens.

We have no license tokens.

Please refer to our token economics whitepaper found at https://vos.ai

Yes.

Yes you will receive an email notification.

You will be notified with funding instructions upon acceptance.

This is a payment for computational power received by each miner or in our case learner.

You will be notified of all instructions via email.

This is determined before we begin an engagement with 3rd party developers prior to starting work. The same applies to all other contributors.

This is to be announced as it has not launched yet. However, stay tuned to our GitHub repositories as well as https://vos.ai

This is to be announced as it has not launched yet. However, stay tuned to our GitHub repositories as well as https://vos.ai

Please contact us through telegram. We do not provide support for wallets outside of our control.

Please refer to our token economics whitepaper found at https://vos.ai

You have a few options. You can purchase tokens from an exchange, from token holders or from learning / mining. This assumes tokens have been released to the public as a non-security. If the token is still classified as a security then it must follow our public sales.

Please refer to our token economics whitepaper found at https://vos.ai

Please contact us on our telegram tech talk channel.

Please refer to our Blockchain whitepaper found at https://vos.ai

You cannot select the UoW through our software. This is based on the hardware configuration your learner machine has and is determined by VOSAI Learner during benchmarking.

Yes you can provided you are an accredited investor as per US law. Please refer to our token economics whitepaper and funding instructions found at https://vos.ai.

In order to fulfill the accreditation requirements with your crypto-asset holdings, you can either:

– Upload a screenshot from a credible cryptocurrency exchange or wallet showing holdings & valuations worth over $1MM USD. The screenshot should include the date and evidence tying the investor to the account (e.g. your name or the investing entity’s name), or

– Upload a message cryptographically signed using the private key of your wallet or wallets, proving that you own assets worth over $1MM USD.

In either case, you will also need to provide documentation of your debts (e.g. via a credit report or letter from your accountant) in order to qualify.

Documents you upload as evidence of accreditation are kept private and are only used to assess your accreditation status. Our team of licensed attorneys and CPA’s review these documents to ensure that the relevant accredited investor thresholds are met.

If you are providing evidence of your accreditation on the basis of having over $1 million in net assets, the company you are investing in is required to verify your debts in order to confirm that your net assets are greater than $1M. Coin List requests this credit report and includes only total debts (excluding mortgages) when verifying your accredited investor status.

The SAFT was created by VOSAI, Inc. and prepared by Dorsey & Whitney Law Firm.

Through our Pre-sale.

Yes. This Offering is extremely risky and is not an appropriate investment for every investor eligible to participate. The Company does not warrant the Offering’s suitability for any particular Investor.

The Company is in the earliest stages of planning and developing its products. Consequently, many details about the Company’s products, development strategy, and business model are not known, are uncertain, and are subject to change, with or without notice to you. You should review the Offering Materials carefully; however, many details in the Offering Materials may change after you execute the Purchase Agreement, and in some circumstances, quite significantly. You should not participate in the Offering unless you are able to bear a total and complete loss of your investment. You should ask the Company questions about the Offering and you should not participate in the Offering until you have received answers that are satisfactory to you. You should seek out independent accounting, financial, legal, and tax advice before participating in the Offering. Until your Purchase Agreement has been accepted by the Company, you are under no obligation to participate in the Offering.

Because the Tokens and Network are still in development, many of the terms associated with them may change, and additional terms may apply. There is no guarantee that the Tokens or Network will develop as planned. Investors who are considering executing a SAFT should not rely on the terms for the Tokens or the Network described in the SAFT Term Sheet as being a promise or guarantee.

Yes. The Company has little to no performance or operational record with crypto assets, and the Company is in the earliest stages of planning and developing its products. Consequently, many details about the Company’s products, development strategy, and business model are not known, are uncertain, and are subject to change. By participating in the Offering, you are relying completely on the management team for the successful development and operation of the Tokens and Network.

No. The SAFT is a purchase of Tokens for future delivery. The Company anticipates delivering Tokens on the first day of the Company’s first Token Generation Event. This is expected, but is not required, to occur between Q4 2018 – Q4 2019.

No. The Company is issuing the SAFTs in part to facilitate the development of the Tokens and the Network. Many factors could influence the success of the Company and the anticipated timeline for the Token Generation Event, some of which are out of the Company’s control. There can be no guarantee that the Company will ultimately be successful in developing the tokens and the Network, and, as a result, there is no guarantee that the Company will release Tokens.

No. The SAFT is not a promise or guarantee that the Tokens will ever be issued. If there is a Dissolution Event or the Company otherwise forgoes its plan for issuing the Tokens, the Company will make commercially reasonable efforts to reimburse Investments received from Investors, but the Company cannot guarantee that sufficient funds will be available for any such reimbursement. The SAFT is not a promise or guarantee that the Tokens will ever be issued. If there is a Dissolution Event or the Company otherwise forgoes its plan for issuing the Tokens, the Company will make commercially reasonable efforts to reimburse Investments received from Investors, but the Company cannot guarantee that sufficient funds will be available for any such reimbursement.

Perhaps. The Company is issuing the SAFTs before the Tokens and the Network are fully developed. As is normal and expected in any research and development cycle, the Company may be prevented from developing the Tokens and Network in the form contemplated at the time a SAFT was executed. Accordingly, the terms and conditions of the Tokens and Network may be substantially different at the time of the Token Generation Event.

Yes. All of the SAFTs in this Offering are being offered and sold on the same terms. The Company anticipates engaging in one or more SAFT offerings in the future. To the extent any such future offering is on more favorable terms, Investors may amend and restate their SAFTs to incorporate such terms.

No. The Company believes there is some uncertainty about the regulatory treatment of the SAFT, and is therefore treating the SAFTs as securities for purposes of their offer and sale with respect to U.S. investors. In compliance with the safe harbor for private offerings in the United States under the Securities Act, and unless another exemption applies, the Company is only allowing non-U.S. persons and U.S. persons who are “accredited investors” to purchase the SAFTs. This means that purchasers of the SAFTs will not be provided the full set of protections that registration or associated regulations under the Securities Act would otherwise give them.

It is possible that a regulator may disagree with the Company’s assessment that the SAFTs are securities and that, instead, purchasers of the SAFTs are required to meet a higher standard of sophistication. Such a determination could negatively impact the Company and could lead to the termination of the SAFTs, Tokens, and the Network.

No. The SAFTs are being offered in reliance upon exemptions from the registration requirements of the Securities Act and, as a result, will fall within the definition of “restricted securities,” as set forth in Securities Act Rule 144. As a result, the SAFTs may not be transferred except in compliance with applicable securities law. Any transfer of the SAFTs made in violation of Securities Act restrictions will be treated by the Company as void. Holders of the SAFT should be prepared to hold on to the SAFT for an indefinite period of time.

Not necessarily. There is no guarantee that the SAFT will hold its value or increase in value, and you may lose the amount of any payment for the SAFT in whole or in part. There can be no assurance that any Investor will achieve his or her investment objective or avoid substantial losses by investing in Tokens through a SAFT. Instruments like the SAFT and the Tokens entail a high degree of risk, and Investors may lose some or all of their Investment. A potential Investor should execute a SAFT and invest in Tokens only if able to withstand a total loss of the Investment.

No. The Company believes that it is not a money transmitter (“MT”) or a money services business (“MSB”). If the Company was deemed to be a MT and/or MSB, it would be subject to significant additional regulation. This could lead to significant changes with respect to the Network, how the Tokens are structured, how they are purchased and sold, and other issues, and would greatly increase the Company’s costs in creating and facilitating transactions in the Tokens. It could lead to the termination of the Tokens. Further, a regulator could take action against the Company if it views the Tokens and the Network as a violation of existing law. Any of these outcomes would negatively affect the value of the Tokens and/or could cause the Company to cease operations.

No. The Company does not intend to operate in states that require a license to conduct a virtual currency business. If you are a resident of a state that requires a license to conduct a virtual currency business, the Company will not allow you to purchase a SAFT, the Tokens, or participate on the Network. Currently, only New York has this type of requirement, but other states may adopt similar requirements.

If the Company were deemed to be conducting an unlicensed virtual currency business it would be subject to significant additional regulation and/or regulatory consequences. This could lead to significant changes with respect to the Network, how the Tokens are structured, how they are purchased and sold, and other issues, and would greatly increase the Company’s costs in creating and facilitating transactions in the Tokens. It could lead to the termination of the Tokens. Further, a regulator could take action against the Company if it views the Tokens and the Network as a violation of existing law. Any of these outcomes would negatively affect the value of the Tokens and/or could cause the Company to cease operations.

Perhaps. The regulatory risks described above take into consideration U.S. law only. It is anticipated that the SAFTs will also be sold or resold outside the United States, which could subject the Company or the SAFTs to non-U.S. legal requirements, which could be significant. Non-U.S. regulation could lead to the same types of changes and outcomes described above with respect to U.S. regulation, and any of these outcomes would negatively affect the value of the SAFTs and/or cause the Company to cease operations.

Could changes in international, federal, state, or local laws impact the value of the SAFTs and/or the Company’s ability to develop the Network and Tokens? Yes. Legislative and regulatory changes or actions at the State, Federal, or international level may adversely affect the use, transfer, exchange, and value of the SAFTs. You should be aware that, in addition to the regulatory uncertainty of the SAFTs, the regulatory status of the Tokens and similar crypto assets is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing or new regulation with respect to such technology and its applications, including the SAFTs, the Tokens, and the Network. Further, it is difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications. Regulatory actions could negatively impact the SAFTs, the Tokens, and the Network in various ways, including, for example, through a determination that the SAFTs and Tokens are regulated financial instruments required to be registered with the appropriate regulatory agency. Any of these outcomes could prevent the company from fully developing the Tokens and the Network.

Yes. The nature of crypto assets, such as Ether and the Tokens, may lead to an increased risk of fraud or cyberattack. Hackers or other malicious groups or organizations may attempt to interfere with the purchase of SAFTs using virtual currency in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, spoofing, social engineering, phishing emails, man-in-the-middle, phone hijacking, and ransomware.

Recently, other platforms that sponsor and engage in transactions in crypto assets have been the subject of cyberattacks that have resulted in a loss of crypto assets. Among other things, you could lose your investment of virtual currency due to these types of threats, or the Company could experience a loss of virtual currency in its own wallet, which would undermine core components of the Network and put the Company at financial risk.

You are responsible for educating yourself on protecting your personally identifiable information and on cybersecurity best practices. While the Company will take all steps that are commercially reasonable and customary to prevent or mitigate the impact of cyberattacks, there can be no guarantee that the Company will be successful in preventing all cyberattacks on its systems.

Once the Tokens are distributed, your Token balance is associated with your public key address, which is in turn associated with your private key address. You are responsible for knowing your private key address and keeping it a secret. Because a private key, or a combination of private keys, is necessary to control and dispose of the Tokens stored in your digital wallet or vault, the loss of one or more of your private keys associated with your digital wallet or vault storing the Tokens will result in the loss of your Tokens. Moreover, any third party that gains access to one or more of your private keys, including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your Tokens. The Company and its affiliates will never ask you for your private key address and you should never share them with someone you do not know and trust.

Transactions in virtual currency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable.

Perhaps. The digital nature of the SAFT offering means that any technological difficulties experienced by the Company and its affiliates may prevent the access or use of the Company’s website. While the Company will take all steps that are reasonable and customary to prevent or mitigate the impact of disruptions in the Company’s business operations and services, there can be no guarantee that the Company will be successful in preventing all such disruptions.

No

No. The Tokens and the Network represent a new business venture for the Company’s management team (“Management”). Further, crypto assets such as the Tokens are a new and untested technology. While Management has prior business experience, this is Management’s first business venture focused on developing a crypto asset to be used in connection with a product similar to the Network. Management’s past successes do not guarantee future outcomes or the long-term success of the Tokens and the Network.

It is possible that alternative platforms could be established that utilize the same technology and Protocol underlying the Network, either directly or indirectly through reverse engineering, and attempt to facilitate materially similar services as the Company. The Network may compete with these alternative networks, which could lead the Company to forego the development of the Tokens and Network, leading to the loss of your investment.

Perhaps. The Company will use the proceeds from the Offering net of federal and state taxes to develop the Tokens and the Network, to pay salaries and other expenses of the Company, and for all other lawful purposes. Some of the proceeds of the offering will be denominated in Bitcoin or Ether, and may be converted by the Company into other cryptographic and fiat currencies in its sole discretion. If the value of Bitcoin, Ether, or other virtual currencies fluctuates unfavorably during or after the sale period of the SAFTs, Management may not be able to fund development of the Tokens and the Network in the manner that it intended.

It is possible that there will be minimal to no demand for the SAFTs. In such an event, the short-term and long-term viability of the Tokens and the Network will be in doubt, and the Company may terminate the Tokens and cease all operations. Moreover, the cryptoasset market is a new and untested market, the characteristics and behavior of which, in the context of domestic and global markets, is not fully understood.

There is no guarantee that the Company will be successful at developing the Tokens or the Network. Further, a government could even prohibit the commercial or non-commercial use of the cryptographic methods necessary to the release of the Tokens and operation of the Network. Any of these negative outcomes could lead to the Company forgoing its plan to conduct the Token Generation Event and/or otherwise release the Tokens. As a result, the Company may be unable to deliver Tokens pursuant to the SAFT or reimburse the Investment received under a SAFT.

There is no guarantee that the Company or any of its affiliates will continue as viable companies. The utility and value of the Tokens depend on the Company’s success and support of the Network.

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Stay tuned and watch our website, telegram or twitter feeds.

Please refer to our token economics whitepaper found at https://vos.ai

Stay tuned and watch our website, telegram or twitter feeds.

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Stay tuned and watch our website, telegram or twitter feeds.

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Please reach out to us through telegram.

Please refer to our token economics whitepaper found at https://vos.ai

Stay tuned and watch our website, telegram or twitter feeds.

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

We cannot speak for other tokens on the market.

The short answer, we could not create VOSAI without leveraging the world of 500M miners. Furthermore, the premise behind VOSAI is to be completely transparent which includes decentralizing our AI database – PATHWAY.

Please refer to our whitepapers found at https://vos.ai

Stay tuned and watch our website, telegram or twitter feeds.

Our intent is to do a crowd sale. However, this may change. If the company ceases operations and goes out of business, you may lose 100% of the value of your SAFT.

Stay tuned and watch our website, telegram or twitter feeds.

Stay tuned and watch our website, telegram or twitter feeds.

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

Please refer to our token economics whitepaper found at https://vos.ai

The short answer, yes you can contact your VOSAI representative for further details.

Please refer to our token economics whitepaper found at https://vos.ai

Please contact an admin on Telegram.

Please refer to our token economics whitepaper found at https://vos.ai

Stay tuned and watch our website, telegram or twitter feeds

We only have one token.

VOSAI is as successful as the network of learners and clients using the system. Clients will be using this system once it has been released to the public and they need the learners to handle the load for their requests. Therefore, it’s only fair to provide a bulk of the % for the learners who are the ones doing the heavy lifting and computation.

VOSAI is the organization responsible for the infrastructure and AGI as a whole. That may include who gets to use it, why they get to use it, how often they can use it, who can contribute, what they contribute and so on. As part of that effort VOSAI requires a means by which they can operate and function.

For further details please refer to the Token Economics and Blockchain whitepapers.

Please refer to our annual progress plans within each whitepaper.

Yes, we do – they are included in each whitepaper that requires it.

Learners are in control of this. They can choose to perform IQ benchmarking as often as they like through the Learner UI. When the Learner is first installed, it will go through an IQ benchmarking process to inform the operator of their current IQ score.

We advise reaching out to the community to see what others have done to improve their IQ scores. We do our best to understand the potential of your machine as it relates to performing machine learning functions. This changes overtime as technology evolves (both hardware and software). Therefore, it is up to the owner of the machine to ensure they have the most optimal configuration conducive to learning.

Download the VOSAI Learner and install it on your learning machine. The UI is straight forward and will walk you through the process of benchmarking for your IQ score.

Our decision was based on what we found to be the right number tokens for a system like VOSAI. It was calculated and thought out by pattern matching this to how enterprise systems handle API requests and responses.

There could be many reasons for this. One easier reason to understand is that you may either be at an inflection point between learning and identification. Refer to our blockchain white paper for more details. Yet another example may be that there has been new innovation in the hardware or software space with respect to machine learning and computer vision. It may be a new GPU has been created or better algorithms have been released to the network. Also consider there are multiple factors when computing what you can and cannot earn. For example, if you have a slow network connection you may not be able to send your results fast enough to the network.

In all cases, we suggest reviewing the blockchain whitepaper.

Ubuntu and Debian flavors are supported. We always support LTS releases.

Windows 10 or greater.

No.