Rice Robotics will launch RICE token for AI data market on TokenFi Launchpad

According to CoinDesk, Rice Robotics, the company behind the RICE AI platform, has announced that it will begin selling its RICE tokens through the TokenFi Launchpad on August 5th. RICE will provide a decentralized data marketplace for artificial intelligence robots, as part of a broader effort to tokenize robot data and scale up DePIN. The pre-sale amount of $750000 accounts for 10% of the total supply of 1 billion tokens, with a valuation of $7.5 million. The launch partners include BNB Chain, DWF Labs, and Floki. The company's indoor delivery robots have been deployed at SoftBank Tokyo headquarters, Mitsui Real Estate properties, and 7-Eleven stores in Japan, and integrated with the 7-Now delivery system. RICE tokens will be used to incentivize data contributions, subscribe to AI models and platform governance, and achieve deflation through fee buybacks. At the beginning of this year, the company received a Pre-A round of funding of $7 million from institutions such as Alibaba Entrepreneur Fund.