Rice Robotics, the company behind the Rice AI platform, said it will start selling its Rice token on August 5 via Tokenfi Launchpad.
Rice operates a decentralized market space for AI-driven robots, which is part of a broader effort to tokenize robotic data and scale-decentral physical infrastructure or depin, the Hong Kong-based company said in a release.
The $ 750,000 Malanche represents 10% of the total 1 billion token supply with a valuation of $ 7.5 million. Launch partners include BNB chain, DWF labs and Floating, a Memecoin -Ecosystem with over 700,000 holders and its own tokenization platform, Tokenfi.
Rice Robotics is known for its indoor autonomous delivery robots implemented at Softbank’s Tokyo headquarters, Mitsui Fudosan’s Tokyo Midtown Yaesu-Ejendom and 7-Eleven Japan stores where they integrate 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-host by BNB Chain, CoinMarketcap Labs and Yzilabs.
In April, Rice Robotics and Floki announced the introduction of the Floki-Branded Minibot M1, an AI-driven consumer robot running on the Rice AI platform.
800 minibot units were sold out in a 24-hour advance sale held in May, Coindesk reported. Owners are eligible for a Rice AirDrop at Token Generation.
The token supports Rice’s decentralized Robotics Foundry, where companies and individuals can contribute the real world’s robot data and receive token rewards. This data is sold to companies or laboratories that need specialized training kits.
Internal Foundation models trained on this data will be offered on a subscription basis with discounts for payments in rice. The token will also act as a steering -acting and incorporate a deflation mechanism via Token Burns funded by platform fees.
Earlier this year, the company raised $ 7 million in the pre-series a financing from investors, including Alibaba Entrepreneurs Fund, Soul Capital, Audacy Ventures, Sun Hung Kai & Co. and Cyberport HK.
It also won Top Honors at a BNB Demo Day event in Dubai, where Binance founder CZ was a judge.
