Rice Robotics Launches RICE Token Sale on Aug. 5 via TokenFi
Rice Robotics will launch its RICE token on August 5 via the TokenFi Launchpad. Key details include:
- The presale aims to raise $750,000, accounting for 10% of the total supply of 1 billion tokens.
- The company focuses on creating a decentralized data marketplace for AI-powered robots.
- Launch partners are BNB Chain, DWF Labs, and Floki.
- Rice Robotics operates indoor delivery robots used at various locations in Japan.
- The company is part of the Nvidia Inception program and was selected for MVB Season 10.
- In April, Rice Robotics collaborated with Floki to introduce the Minibot M1, which sold out 800 units in a 24-hour presale.
- Token holders may receive rewards through a decentralized robotics foundry, where real-world robotics data can be submitted for token rewards.
- RICE will enable subscription-based access to foundation models trained on user-contributed data, offering discounts for payments made in RICE.
- The token will function as a governance asset and feature a deflationary mechanism through token burns funded by platform fees.
- This year, the company raised $7 million in pre-Series A funding from multiple investors.
- Rice Robotics earned recognition at a BNB Demo Day event in Dubai.