Geneva based cryptocurrency investment vehicle AICoin has raised $3m through an initial coin offering. AICoin works as a collective combining the power of artificial intelligence with the wisdom of the crowd.
The AICoin Investment Board will be made up of five members; two appointees will be selected from the developers of the trading models (First Global Credit). One appointee will be an independent representative – Jon Matonis, one of the original founders of the Bitcoin Foundation, has agreed to take on this role – and two appointees will be elected from the population of AICoin token holders. Any AICoin token holder is eligible to put themselves forward as a board candidate. There will then be an on-blockchain election in which token holders will vote. After the initial candidates are elected, there will be follow-up elections every year for one of the two posts.