Image Generation AI

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Discover Image Generation AI's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Image Generation AI?

Image Generation AI (IMGNAI) is a cryptocurrency associated with an AI system that generates images from text prompts. The token is used to unlock premium features, mint user-generated content as NFTs, and participate in decentralized governance. It aims to improve user experience and promote open-source collaboration, integrating Web2 and Web3 technologies.

How is Image Generation AI used?

The crypto Image Generation AI (IMGNAI) is used primarily for its AI-powered image generation capabilities. The platform's flagship product, Nai, is a text-to-image bot that can generate images in various styles, from photorealism to classic anime, using simple text commands. This bot is compatible with both Discord and Telegram, allowing users to access and generate images seamlessly within these platforms.

How do I store Image Generation AI?

To store Image Generation AI (IMGNAI) tokens, you can use various cryptocurrency wallets that support the Ethereum blockchain. Here are some options:

  • Hardware Wallets:

    • Trezor Model One
    • Trezor Model T
    • Trezor Safe 3
    • Ledger Nano X
    • Ledger Nano S Plus
    • Ledger Stax
  • Software Wallets:

    • MetaMask (by importing the IMGNAI contract address)
    • Trust Wallet (for mobile devices)
    • GUARDA

These wallets provide a secure environment to store and manage your IMGNAI tokens. Always ensure you follow the wallet's setup and security guidelines to protect your assets.

How to buy Image Generation AI?

To buy Image Generation AI (IMGNAI) tokens, follow these steps:

  1. Choose a Reliable Exchange: Find a reliable centralized exchange where IMGNAI is listed. You can refer to CoinMarketCap's Markets section to find the list of exchanges that support IMGNAI.

  2. Set Up a Crypto Wallet: Download and set up a crypto wallet like Trust Wallet. Ensure you keep your seed phrase safe and note your wallet address.

  3. Buy a Base Currency: Buy a base currency like ETH using your Binance account. If you are new to Binance, refer to their guide on registering and buying your first cryptocurrency.

  1. Transfer Base Currency to Wallet: Transfer the purchased ETH from Binance to your Trust Wallet. Ensure you set the network to Ethereum and provide your wallet address.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet. For example, if you use Trust Wallet, you can use 1inch.

  3. Connect Your Wallet to the DEX: Connect your Trust Wallet to the chosen DEX using your wallet address.

  1. Trade for IMGNAI: Select ETH as the payment and IMGNAI as the coin you want to acquire. If IMGNAI does not appear, find its smart contract address on Etherscan and paste it into the DEX.

  2. Apply the Swap: Complete the transaction by clicking the Swap button.

Alternatively, you can use exchanges like MEXC, which offers various methods to buy IMGNAI, including credit card, global bank transfer, and peer-to-peer trading.

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History of Image Generation AI

The history of Image Generation AI (IMGNAI) is closely tied to the development of its parent platform, which focuses on generating realistic images from text prompts using artificial intelligence technology. The IMGNAI token is the native cryptocurrency of this platform, and its value is directly linked to the growth and success of the image generation AI product suite.

The IMGNAI token serves several purposes within the ecosystem. It grants users access to premium features and products, such as high-resolution images, upscaling, and minting user generations directly as NFTs. Additionally, the token is used for decentralizing governance on the platform, giving stakeholders voting power and governance control.

In terms of tokenomics, a 3% tax is levied on both buying and selling transactions, with 1% of this tax allocated to the liquidity pool to enhance token stability and liquidity. This approach aims to align the interests of both platform developers and token holders, focusing on creating high-quality products and a seamless user experience to drive platform revenue and enhance the token's value.

Historical price data for IMGNAI is available on platforms like CoinCarp, which provides daily, weekly, or monthly price data since the token's issuance. Other sources like MEXC and CoinMarketCap also offer historical price data and real-time market statistics for the token.

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How Image Generation AI works

Image Generation AI (IMGNAI) is a crypto-native project that leverages advanced AI technology to generate high-quality images from text prompts. The project's flagship product, Nai, is an AI-powered image generation bot that can be integrated into popular messaging platforms like Discord and Telegram. Users can interact with Nai by providing simple text commands, and the bot will generate images in various styles, from photorealism to classic anime.

The IMGNAI platform aims to provide a seamless user interface and offers multiple custom image models with increasing quality. This allows users to bring their imaginations to life, regardless of their artistic capabilities. The project is committed to pushing the limits of what is possible with AI-generated art and is planning to expand its image-generation tooling and provide more innovative ideas to its consumers.

The IMGNAI token is the native cryptocurrency of the platform and plays a crucial role in its ecosystem. The token's value is directly tied to the growth and success of the image generation AI product suite. Token holders can benefit from the platform's expansion through mechanisms like buy-and-burn, which ensures that a portion of the revenues is used to reduce the token supply, creating a deflationary effect. The token also grants users access to premium features and products within the IMGNAI suite, such as pay-gated content, high-resolution images, and the ability to mint user-generated images directly as NFTs.

In terms of governance, the IMGNAI token is used to decentralize decision-making on the platform. Token holders have voting power, ensuring that the interests of both the platform developers and token holders are aligned. This approach focuses on creating high-quality products and a seamless user experience to drive platform revenue and enhance the token's value.

Overall, IMGNAI combines advanced AI technology with blockchain principles to create a unique and innovative platform for image generation. Its focus on open-source collaboration, censorship-resistant revenue models, and decentralized governance sets it apart from other AI products, making it an attractive option for those interested in AI-generated art and cryptocurrency investments.

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Image Generation AI's strengths

The token Image Generation AI (IMGNAI) has several strengths that contribute to its potential success and value:

  1. Unique Technology: IMGNAI is built on an innovative AI technology that generates high-quality, realistic images from text prompts. This technology has the potential to revolutionize various industries such as gaming, entertainment, and advertising.

  2. Open-Source Approach: Unlike proprietary AI products, IMGNAI's open-source nature promotes adaptability and innovation, creating a collaborative environment that keeps the technology at the forefront of AI advancements.

  3. Decentralized Governance: The IMGNAI token is utilized for decentralizing governance on the Image AI Generation platform. This is achieved by delegating governance and voting power to IMGNAI stakeholders, ensuring that decision-making is distributed and community-driven.

  1. Tokenomics: The tokenomics model includes a 3% tax on both buying and selling transactions, with 1% allocated to the liquidity pool. This enhances the stability and liquidity of the token, aligning the interests of both platform developers and token holders.

  2. Deflationary Mechanism: A portion of the revenues from fiat and crypto transactions is used to buy and burn tokens, creating a deflationary effect. This approach incentivizes the development of high-quality products and a seamless user experience, driving platform revenue and enhancing the token's value.

  3. Growing Demand: The increasing demand for IMGNAI in industries like gaming, entertainment, and advertising, as well as its role in virtual and augmented reality, contributes to its potential growth and adoption.

  1. Long-Term Price Predictions: Various predictions suggest that the price of IMGNAI could rise significantly in the long term, driven by factors such as regulatory clarity, mainstream adoption, and the broad utilization of AI in various industries.

These strengths collectively position IMGNAI as a promising cryptocurrency project with a unique technology and a well-designed tokenomics model, making it an attractive option for investors and users alike.

Image Generation AI's risks

Image Generation AI (IMGNAI) is a cryptocurrency associated with an AI system capable of generating images. The financial risks associated with investing in IMGNAI are significant and multifaceted:

  1. Volatility and Unpredictability: Cryptocurrency prices are known to be highly volatile and unpredictable, making it difficult to accurately forecast future market behavior. This volatility can result in significant losses if not managed properly.

  2. Market Sentiment and Regulatory Changes: The overall sentiment in the crypto market and regulatory updates can significantly impact the price of IMGNAI. Changes in regulatory policies or negative market sentiment can lead to price drops, making investments in IMGNAI risky.

  3. Technical Risks: Generative AI models, like those used in IMGNAI, can be vulnerable to adversarial attacks, which can compromise the integrity of the system and lead to undesirable outputs. This vulnerability can negatively impact the value of IMGNAI.

  1. Data Privacy and Security: The extensive use of data in generative AI applications raises concerns about data privacy and security. Financial institutions must ensure robust measures are in place to protect sensitive customer information from potential breaches or misuse, which can affect the value of IMGNAI.

  2. Bias and Fairness: Generative AI models may inadvertently perpetuate biases present in the training data. In finance, these biases can result in biased decision-making in areas like lending and credit scoring, which can negatively impact the value of IMGNAI.

  3. Interpretability and Accountability: Many generative AI models have complex neural networks that make it challenging to interpret their decision-making processes. This lack of transparency can make it difficult to hold the system accountable for its actions, which can lead to mistrust and negatively impact the value of IMGNAI.

  1. Risk of Manipulation: IMGNAI has been given a high risk analysis based on InvestorsObserver research, indicating that it can be easily manipulated by analyzing the amount of money it takes to shift its price over a short period, along with changes in volume and market capitalization.

  2. Lack of Historical Precedents: In finance, where historical data often informs decision-making, the lack of historical precedents for some AI-generated scenarios adds complexity in predicting and evaluating the potential risks of novel AI-generated insights, making it difficult to accurately assess the value of IMGNAI.

Investors should be aware of these risks and conduct thorough research before making any investment decisions in IMGNAI.

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Did Image Generation AI raise funds?

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Image Generation AI’s team

  • ImgnAI Team: The team behind ImgnAI is crypto-native and focused on pioneering new consumer-grade AI. They are currently working on an AI image generation bot called Nai, which is already functional on Telegram and Discord.

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The fundamental analysis assistant for crypto value investors.

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