Rice Robotics, the company behind the RICE AI platform, announced that it will start selling its RICE token on Aug. 5 via the TokenFi Launchpad.
RICE will facilitate a decentralized data marketplace for AI-powered robots, forming part of a broader initiative to tokenize robotics data and expand decentralized physical infrastructure, the Hong Kong-based company stated in a release.
The $750,000 presale represents 10% of the total 1 billion token supply, with a valuation of $7.5 million. Launch partners include BNB Chain, DWF Labs, and Floki, a memecoin ecosystem with over 700,000 holders and its own tokenization platform, TokenFi.
Rice Robotics is recognized for its indoor autonomous delivery robots, deployed at Softbank’s Tokyo headquarters, Mitsui Fudosan’s Tokyo Midtown Yaesu property, and 7-Eleven Japan stores, where they work with the 7-Now delivery app.
The company is part of the Nvidia Inception program and was selected for MVB Season 10, an accelerator co-hosted by BNB Chain, CoinMarketCap Labs, and YziLabs.
In April, Rice Robotics and Floki announced the launch of the Floki-branded Minibot M1, an AI-powered consumer robot that operates on the RICE AI platform.
800 Minibot units sold out within 24 hours during a presale held in May. Owners will be eligible for a RICE airdrop at token generation.
The token will support Rice’s decentralized robotics foundry, enabling companies and individuals to contribute real-world robotics data and receive token rewards. This data will be sold to companies or labs requiring specialized training sets.
In-house foundation models trained on this data will be available on a subscription basis, with discounts for payments made in RICE. The token will also function as a governance asset and include a deflationary mechanism through token burns funded by platform fees.
Earlier this year, the company secured $7 million in pre-Series A funding from investors including the Alibaba Entrepreneurs Fund, Soul Capital, Audacy Ventures, Sun Hung Kai & Co., and Cyberport HK.
It also received top honors at a BNB Demo Day event in Dubai, where Binance founder CZ served as a judge.
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