AngelBlock X MeAI | Next Raise Coming September 5th

30 Aug 2024 · 5 min read

What is MeAI & How Does It Work?

$MEAI Utility & Tokenomics

MeAI Roadmap & Current Status

AngelBlock X MeAI Raise Details

AngelBlock X MeAI Milestones

We are excited to announce our upcoming fundraising round on our protocol, MeAI. The raise will begin on the 5th of September, at 1pm CEST. MeAI is the first AI-driven Web3 lifestyle app designed to enhance both your health and wealth through GameFi and SocialFi. With MeAI, you can create a unique avatar that evolves alongside you.

In the article below we will get into all the details and info about MeAI and how you can participate in the upcoming raise.

What is MeAI & How Does It Work?
MeAI Highlights
$MEAI Utility & Tokenomics
MeAI Roadmap & Current Status
AngelBlock X MeAI Raise
AngelBlock X MeAI Milestones
How to Participate In The Raise?

What is MeAI & How Does It Work?

It’s the first AI-driven Web3 lifestyle app - boost your health and wealth with GameFi and SocialFi. MeAI’s app modules are designed to seamlessly integrate into users’ daily routine, encouraging healthier choices and fostering community connections, while having fun and being rewarded:

MeDiet - take pictures of your meals, let AI analyze your plate, stay healthy and earn
MeExplore - explore the world, complete quests solo or in a team, be active and get rewards
MeSocial - get in touch with other players, share experience, challenge your friends, socialize and grow together
MeGrowth - develop yourself, expand your career, let AI guide you towards a better life

Me module is the core startup module launched with the application. It shows a virtual representation of the user, similarly to a popular game in the 90s called 'Tamagotchi'. Upon the first launch, the application requires the user to create their unique avatar and provide some basic info. Each character has statistics like in an RPG game.

Those points are manually assigned by the user and can be remapped in the future if needed. Base points determine experience gained while using certain modules, i.e.: high 'stamina' = more exp. gained from the 'MeExplore' module. Aside from the initial points, users gradually increase their statistics just by using modules in the app. Me module will have the following features:

Integration with major blockchains
Character creation (generic assets, NFT assets, premium assets)
Character evolution and development
Integrated and external crypto wallets
Two custom tokens: internal (used only in the app), external (tradeable, main token)
Token staking mechanism: staking of internal and external tokens, variable APR, different lock periods with different rewards
Integrated custom NFT marketplace connected with popular external markets

MeAI app is being developed for Android and iOS systems, and will be fully integrated with major blockchains. You can explore more about the MeAI App and its modules here.

MeAI Highlights

Pre-Seed closed with $200,000 raise
60K+ followers on X
Team of 16 people
30+ partners in Web3 space
Confirmed CEX: Gate.io, MEXC
Confirmed launchpads: Enjinstarter, BullPerks
180+ KOLs
Company established in Dubai: LIFESTYLE AI LABS - FZCO
MeAI app design completed, demo ready, MVP & Telegram Mini App development in progress
Upcoming first MeAI NFT collection
Project intro video.
App demo video.

$MEAI Utility & Tokenomics

MeAI has 2 types of tokens:

External: publicly tradable main token $MEAI
Internal: only used in the app, primarily earned for player activities

Internal can be exchanged to External in the app, and only one way exchange is possible. Both tokens can be staked.

Details:

Name: MeAI
Ticker: MEAI
Max. supply: 1,000,000,000
Total supply: 1,000,000,000
Initial market cap w/o liquidity: ~$500,000

MeAI Utility

Single-sided staking in the app
Subscription/premium NFTs purchases in the app
App tiers unlocks (combined with staking)
Special quests/missions/achievements (combined with tiers and staking)
Minting of new NFTs
Rewards for users/prizes in competitions
Possible form of governance in the future

MeAI Roadmap & Current Status

They have already started working on the MVP for the MeAI app Development Progress which consists of two modules: MeAI App and MeDiet.

If you want more info on the above you can check here:

On top of that, they are also working on their Telegram Mini App, which will be released in September 2024.

Useful links to learn more:

AngelBlock X MeAI Raise

Price at launch for $MEAI is set at $0.01. However, investors on AngelBlock will be able to access it at Seed Round price which is set at $0.007.

AngelBlock Raise Goals

Soft Cap: $25,000
Hard Cap: $50,000

Raise Details

The maximum token supply stands at 1,000,000,000.
The circulating supply of $MEAI at the time of launch will be 86,056,240 $MEAI.
The initial market capitalization(w/o liquidity) of $MEAI is set at $500,000 with the fully diluted market cap at $10,000,000.
The minimum investment to participate in the MeAI raise is set at $500.
For investors who have not completed KYC, their maximum contribution in the raise is set at $999. You can read more about that in the KYC process we have implemented below.
Investors will be able to participate in the raise with USDT on ETH mainnet. The token claim however will be on the BNB chain.
TGE is scheduled to take place in October.
TGE unlock is set at 7.5%.
The Seed Round vesting plan is: Cliff: 2 months Linear Vesting: 12 months

AngelBlock X MeAI Milestones

Our approach to governance is a distinctive feature of AngelBlock, setting us apart from the competition, each project listed on AngelBlock, a set of milestones is established before the fundraising event begins. Each milestone includes clear deliverables, timelines, the proportion of the budget to be unlocked for the projects, and the amount of tokens to be released.

These milestones serve as progress checkpoints and provide reassurance for investors. Upon reaching a milestone date, the startup submits a delivery report. As an investor, you then vote to approve or reject the progress based on this report. This system ensures the startup's progress and the release of funds become a shared responsibility between the startup and its investors.

In our Milestone process, we recently introduced two new-hardoced- milestones, Milestone 0 and Milestone 1 set as standard presets for most fundraises.

Milestone 0: This milestone involves unlocking liquidity immediately after the fundraise. This liquidity is crucial for the project to secure early liquidity necessary for processes such as CEX/DEX listings and protocol expansion. It enables the startup to progress more swiftly through subsequent milestones.

Milestone 1: This milestone is hardcoded for all fundraises and marks the Token Generation Event (TGE) — essentially, their token launch. Milestone 1 will be tied to each project's first unlock, allowing investors to claim their initial batch of tokens upon milestone approval. For example, if a project has a 3-month cliff period, then Milestone 1 will occur 3 months after their TGE . This milestone is designed to protect our investors by ensuring startups cannot delay their launch indefinitely or until they run out of funds, thereby aligning milestones with tangible project progress.

A specific framework has been implemented dictating how Milestone 0 and 1 will work on each start-up raising dependent on the total amount raised, investment round & start-ups development phase.

MeAI Milestones

Milestone 0 Delivery date: End of the fundraise Funds released: 50% Deliverables: Initial release of funds to kickstart the startup's activities.
Milestone 1 Delivery date: on TGE Funds released: 50% Deliverables: TGE and funds reception by investors. AngelBlock investors will receive 1st unlock of tokens(released on TGE).

How to Participate in the raise?

Staking Tiers

At AngelBlock, we've instituted a distinctive staking tiers system designed to create a fair and rewarding environment for investors. By staking $THOL tokens, you are placed into specific tiers which each have their own level of priority access and ticket sizes to the fundraising projects. Here's a detailed look at our staking tiers:

Standard User (Tier 0): Users who've staked 0 – 20k $THOL fall into this category. Standard users can invest up to $2k, and they gain access to the fundraise after the first three tiers have had their opportunity.
Value Investor (Tier 1): Users staking 20k – 100k $THOL become Value Investors. These users have the opportunity to invest up to $10k and gain early access to fundraises after the first two tiers have participated.
Angel Investor (Tier 2): With 100k – 500k $THOL staked, investors fall into the Angel Investor tier. These investors have access to larger investment ticket sizes of up to $25k, along with the privilege of second priority access for the given fundraises.
Institutional Investor (Tier 3): Our top-tier users, staking 500k+ $THOL, are labeled as Institutional Investors. These individuals enjoy the most substantial benefits, being able to invest up to $50k and gaining first priority access to fundraises.

Note: Each tier enjoys a 2-hour window of priority to invest in the project, starting with Institutional Investors, followed by Angel Investors, Value Investors, and lastly Standard Users. The raise will be live for 7 days or until sold out.

You can learn more about our staking tiers here.

You can get THOL here:

Visit Uniswap and swap your preferred tokens for THOL
Visit MEXC and get THOL through the USDT/THOL trading pair.
Visit BitMart and get THOL through the USDT/THOL trading pair.

You can stake your THOL here. Learn more about staking here.

KYC

The KYC process Participation in MeAI raise for contributions exceeding $999 requires completion of a Know Your Customer (KYC) process. This process is designed to prevent fraud and illegal activities. The KYC process is managed by Fractal ID, an identity solution provider for the web3 space. Completing the KYC process prior to the raise can help avoid potential delays that may occur due to high demand during the raise. For more information about the KYC process and how to complete the identity verification check out our dedicated article.

Participating in the raise

After completing your KYC and acquiring the required amount of THOL for the staking tier you desire, participating in the raise is a straightforward process. You can see the process of participating in a raise on AngelBlock with ourstep-by-step guide here.

Post-Raise Governance

On AngelBlock, the role of an investor extends beyond merely contributing capital. Upon making an investment, the contributor is assigned a Badge, a unique, non-transferable ERC-1155 token. This Badge symbolizes the investor's voting power during milestone voting, thus participating in critical project decisions. Due to their non-transferable nature, these Badges ensure only the original investors can take part in milestone voting, upholding the integrity of the project's development direction. It is essential for investors to vote from the wallet that initially received the Badge. You can learn more about badges and how they work by visiting our blog here.

Reminder: Keep the wallet you plan to invest in safe at all times. If anything happens to your wallet, there is no other way to claim your tokens or vote during the milestone process.

Ready? It’s important to familiarize yourself with AngelBlock's unique features prior to the start of the raise once the date is officially announced.

As a reminder our goal is to cultivate a transparent, equitable, and investor-focused environment in digital asset fundraising. It's essential to recognize that we're not merely providing an investment platform but an opportunity to actively engage in the growth and success of innovative startups within the web3 ecosystem.ups within the web3 ecosystem.

For any further queries or support, don't hesitate to reach out to us. You can do so by joining our community:

Written by: Nikos Fratzeskos