ELVANO: Genius Token

Genius Token

Overview
Every day, more advanced technologies emerge across the business landscape. They bring innovation and disruption that continues to power growth. Over the past few years, cloud service providers have helped businesses transform their wide-ranging processes. Cloud solutions are a robust industry that has quickly matured and became mainstream. But over time technology advances and developers need better tools and methods to handle the additional processing required for high-volume data processing, which has intensified the need for advanced computing and performance. Although cloud computing resources can support global applications, the centralized architecture introduces the issue of scalability.

Distributed computing solves the issue of scalability by spreading the demand for computing processes across several high-powered machines. To solve this problem Genius Ventures came into the existence.

What is Genius Ventures?

The Genius Ventures system infrastructure serves as a distributed multi-purpose service with a cryptographic payment system that allocates computing resources and integrates them into real-world projects.

Genius Ventures utilizing unused cycles of Compute Devices on computers, mobile devices, and IoT devices, the system processes Artificial Intelligence and Machine Learning data on an end-user device. The end-user is then paid in Genius Crytpotokens that can be reused for In-App purchases or converted back to other currencies. In addition, the entire system easily integrates into Computer and mobile games and applications.

Aim of Genius Ventures

Genius Ventures seeks to implement a scalable, high-performance, secure, and a manageable infrastructure side chain that promotes a new form of distributed management, which includes key leaders in computing, large data, and cloud industries.

Genius Ventures aims at providing a system and method for distributed general-purpose computing with a crypto token payment system. This payment system integrates a slow blockchain crypto token with a fast DAG-based crypto token. This technology is based on smart contracts "Genius Tokens" from Ethereum and allows the creation of a virtual cloud infrastructure that provides high-performance computing services on demand.

Features of Genius Ventures

Works everywhere - Code and SDK ( Software Development Kits) works on all devices, including Windows, OSX, iOS, Android, Linux, Windows Mobile, XBOX, Playstation, Nintendo, and IoT Devices

Customizable - A.I. or Machine learning algorithms can be selected by the customer through a customer portal and data can be uploaded or on customers secure servers

Fast - The hybrid Cryptotoken system uses a fast internal Directed Acyclic Graph (DAG) based blockchain that executes transactions in microseconds.

Always available - stand-alone applications, embedded systems, or games with the SDK integrated can run the processing.

Organic - Growth is organic in two ways. User Acquisition costs are almost zero and Users get paid to process data, enticing them to use your game or app more.

Mobile-first - Development of the SDK( Software Development Kits) is targeted for Mobile devices first and uses the compute devices on any system.

Transaction - Customers request processing of data for Artificial Intelligence or Machine Learning and pay into an account that converts the currency into Genius Tokens. The customer then uploads or references data to be processed.

Data Transfer - The data to be processed is uploaded to an encrypted area in a distributed file system. As part of the transaction, the costs of storage are charged against the deposit. If the customer has storage for their own data then the system data through secure SSL transactions with customers own SSL public key

A.I Processing - Using a distributed networking system the transaction is communicated to participants that have games and or apps installed that can process the A.I. Data. The workload is divided and distributed to individual nodes for processing either in a standalone app or while running a game.

Validate and Add - After processing, all nodes report back results to a fast blockchain that aggregates the results data and verifies that nodes aren’t cheating the system. The data is verified with a parity verification node and encryption verification. The data is then stored in the distributed files system or returned to the customer's data storage area.

Complete - After the data has been validated, a transaction complete is sent to the main blockchain. The blockchain moves the payment in Genius tokens out of escrow ready to be distributed to the individual nodes that processed the data

Payments - Once the process is complete the blockchain contract then distributes 70% of the Genius tokens to all the individual nodes' wallets. The publisher of the app or game will then receive 20% with Genius Ventures receiving 10% The users can convert the tokens to regular currencies or use them for in-app purchases.

What is Genius Token (GNUS)?

Genius Tokens are at the Heart of the Genius Ecosystem. Genius Token (GNUS) is an Ethereum-based cryptocurrency

To use the AI/ML services offered by Genius Ventures, you need to make a payment through GNUS tokens. Payment for the services is converted to Genius Tokens. These tokens in course of data processing below are distributed as follows

. 70% of GNUS will be distributed to people who played the games and gave their computing power to help data
processing.
. 20% will go to the publisher who launched the game or the app played during data processing.
. Genius Ventures receives the last 10%.
. Players who earned Genius Tokens can convert them to other cryptocurrencies or use them to make in-app purchases.