Precipitate Protocol is a decentralized computing platform providing Infrastructure as a Service (IaaS) at the intersection of AI and public blockchains. It offers tools and infrastructure for deploying AI-optimized virtual servers, blockchain validators, and mining operations, focusing on privacy and decentralization. [1]
Precipitate is an Infrastructure as a Service (IaaS) provider focused on AI and public blockchains, offering secure and decentralized Virtual Private Servers (VPS). The platform allows users to deploy "Raindrops," AI-optimized VPS that interface with EVM blockchains. Payments for services prioritize Web3 native currencies, particularly the $RAIN Infrastructure Token. dApps using $RAIN gain access to enhanced AI processing, data rendering, computation, storage, bandwidth, and advanced blockchain read/write access. The $RAIN token is distributed on the open market and enables enterprises and individual users to power distributed apps at the intersection of AI and Web3. [2][3]
Precipitate.ai leverages established technologies to build its decentralized infrastructure, beginning with the Transmission Control Protocol/Internet Protocol (TCP/IP), enabling global network connectivity over decades of development. In contrast, public blockchains, though newer, are growing rapidly, with Precipitate initially focusing on the Ethereum blockchain while remaining open to other emerging chains. The Unification Foundation's UNoDE technology plays a key role, allowing Precipitate’s clients to read and write to blockchains without permission, enhancing the usability of decentralized applications, chain analysis, and data dashboards. Payment processing is a critical aspect of the technology stack. Precipitate utilizes Web3 payments, which differ from traditional financial systems due to their "push" mechanism, as opposed to the "pull" mechanism seen in common subscription services. [2][3]
AI Drops enable deploying AI applications on powerful hardware, adhering to a commitment to permissionless access, Web3 prioritization, and progressive decentralization. They are available through an anonymous system and PrecipitatePay, ensuring open, borderless access. High-end NVIDIA GPUs, including the NVIDIA A16, A40, and A100, support AI Drops, enhancing the development and deployment of AI applications in machine learning, computer vision, and natural language processing. These GPUs allow efficient and scalable AI solutions, such as large language model training, real-time object detection, and chatbot development. [4]
Team Drops is a Web3-based group chat tool similar to Microsoft Teams or Slack. It offers familiar features like individual and group chat rooms organized by channels for communication and file sharing. Key differences include Web3 payments for anonymity, private hosting that ensures exclusive server use, and data sovereignty, allowing users full control over their data. Team Drops is self-hosted on Precipitate's Raindrop VPS, providing a customized private environment for secure and private team communication. [5]
Precipitate provides infrastructure for the rapid deployment of validators, making it easy for users to support and secure their preferred blockchain networks. The platform supports a variety of networks, including Solana (with enhanced rewards through Jito integration), SHDW Drive, Dymension, Celestia, Injective, Kuji, Unification, and SEI. By running validators through Precipitate, users can earn rewards while contributing to the security of these chains. Precipitate actively monitors the Web3 landscape to expand its validator offerings based on user demand, reinforcing its commitment to supporting diverse blockchain ecosystems. [6]
Precipitate offers a Web3-compatible toolkit designed to help startups launch with ease. The toolkit includes "Raindrop" Virtual Private Servers (VPS), web hosting, domain registration, SSL certificates, and other essential infrastructure tools, all provided in a permissionless environment that maintains user privacy. The platform supports pure Web3 payments, aligning with its decentralized and privacy-focused ethos. [6]
Precipitate provides mining infrastructure accelerated by NVIDIA GPUs, featuring an integrated operating system and software environment that includes the NVIDIA CUDA Toolkit, cuDNN, and necessary drivers for immediate deployment. Expanding into Proof-of-Work networks and AI-related initiatives, Precipitate’s mining modules have demonstrated profitability in early private alpha testing, focusing on BitTensor SubNets, Bitcoin nodes, and IO.net CPU and GPU workers. The platform supports Commune AI Synthia Miners and Validators, offering tailored infrastructure for both: Miners serve Validators based on stake, while Validators assess and update the network by evaluating miners. Rewards are evenly split between miners and validators, promoting participation and maintaining the integrity of mining operations. [6][7]
The RAIN token is a public infrastructure token initially distributed during the Rainstorm event and is available for trading on decentralized exchanges. Holding RAIN represents ownership in the Precipitate Protocol, and all profits from RAIN are distributed to RAIN stakers in the form of Wrapped Ether (WETH). The token also serves a governance role, allowing holders to participate in decision-making processes regarding the protocol’s direction and aligning governance with those invested in the system. [1][8]
RAIN has a total supply of 1B tokens and has the following distribution: [2]
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September 12, 2024
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RAIN
USD
RAIN
USD
$0.0031164
3.21%
$3,116,440.00
3.16%
$3,087,503.96
3.16%
$4,637.00
14.85%
$0.0031164
3.21%
$3,116,440.00
3.16%
$3,087,503.96
3.16%
$4,637.00
14.85%