Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][ICO] FACETER – computer vision surveillance technology
by
micz_bjukanon
on 04/04/2018, 07:25:07 UTC
Quote from: bixbem90 on April 03, 2018, 11:40:24 PM
Quote from: micz_bjukanon on April 03, 2018, 07:54:14 PM
Quote from: Arvilaine on April 03, 2018, 07:43:34 PM
Quote from: micz_bjukanon on April 03, 2018, 04:52:27 PM
Quote from: tophe15 on April 03, 2018, 02:01:55 PM
Quote from: micz_bjukanon on April 03, 2018, 12:20:10 PM


$9,99 per camera a month for ordinary people.

This will be a service fee because the software itself will be free.

9.99 usd? This is for people who don't have a camera right? or is this the payment to use the Faceter project to work on your own camera? It's somehow not costly given that it it's a monthly payment.

Yes, USD. This is the monthly fee for using the service. You need to have a camera, but the cameras are cheap and will be even cheaper.
For a price of $ 35-50, you will buy a good CCTV IP 720p camera with night vision etc.

I am just wondering how will it be possible for the Face to be "minable". At first, I thought as long as you use their service you can get more Face token.


FACE tokens are not minable, instead Faceter use GPU power of miners to do "proof of recognition "- calculations that allow to recognize, compare faces, in exchange for FACE tokens, colloquially called "mining".
Lol, someone is really newbie or don't read carefully about Faceter, we can only buy FACE tokens at their ICO ( already end) and exchange, right? Smiley

So far you can only buy tokens but in the end how the whole service will go in the fog will be needed miners for these calculations allowing the recognition of faces, objects.
Miners will receive remuneration in the form of FACE tokens for this work.

So you can earn FACE tokens for renting your equipment but it will be possible until year.

The company will have to repurchase its own tokens from investors every quarter in order to be able to create licenses for users, pay miners and the rest will be burned.

Everything is described in the white paper in the "Faceter token use model" section, on pages 30 - 32.
https://tokensale.faceter.io/Faceter_Whitepaper_en.pdf

Buying tokens and burning parts of them creates deflation, which together with the growing number of users should translate into an increase in the price of FACE tokens.