Alpaca Network Announces Dec. 6th Token Offering on TrustSwap Launchpad

Onuora Amobi ·December 5, 2024

TrustSwap

Alpaca Network, a decentralized AI research and development lab, has announced the upcoming $PACA token offering on the TrustSwap Launchpad starting December 6th, 2024 at 5:00 PM UTC.

Note: This Launchpad Event includes a 48-hour Refund Policy.

Introducing Alpaca Network

AI needs a home. That's where Alpaca comes in. Alpaca Network is designed to serve as the premier hub for tokenized AI Agents. It serves as a comprehensive ecosystem that connects developers, researchers, and investors to resources such as computing power, funding, and token launch support. The network is built around the Paca Token, which powers its decentralized services, including governance, marketplace transactions, and incentivization mechanisms.

At its core, Alpaca Network enables:

Transparent and decentralized funding through Initial Model Offerings (IMO).
Collaboration between AI tools, researchers, and users via the AI Coordination Layer.
Access to scalable infrastructure for AI innovation and commercialization.

Alpaca Network leverages the synergy of blockchain and AI to create a transparent, scalable, and decentralized ecosystem for AI development. Its innovative IMO model, comprehensive AI coordination layer, and resource-rich environment make it a unique player in advancing AI and Web3 technologies.

Alpaca Network addresses critical challenges in the AI and blockchain spaces by creating a decentralized, transparent, and collaborative environment for AI innovation. Its impact goes beyond technology, influencing how AI is developed, accessed, and monetized, with a focus on the ethical and equitable distribution of resources and power.

Alpaca Network Ecosystem

Alpaca Network represents a paradigm shift in how AI is developed, funded, and applied. It empowers developers, investors, and businesses while addressing global challenges such as accessibility, equity, and transparency.

AI Coordination Layer: The Alpaca Network operates as a bridge between AI models, tasks, and funding. Through tools like ChatPaca and TaskPaca, users describe tasks in natural language, and the system matches them with suitable AI solutions.
Decentralized Marketplace (Paca Marketplace): Developers list AI Agents, AI models, and AI tools on the Paca Marketplace, making them accessible to users and businesses. This marketplace serves as a hub for discovering, monetizing, and deploying AI technologies.
Decentralized Funding (IMO via Paca Launch): Paca Launch introduces the concept of Initial Model Offerings (IMO), where AI projects raise funds transparently. Investors back these projects through tokenized funding models that automate revenue distribution at the smart contract level.
Paca Lab: A decentralized R&D framework where researchers collaborate to create innovative AI solutions. The lab connects contributors with mentorship, compute resources, and technical expertise to develop scalable AI models.
Token Utility: The PACA Token governs the network and provides incentives for participation. Users earn tokens through staking, governance, and task completion while benefiting from premium access and discounts.

Problems Solved by Alpaca Network

Siloed AI Development:

Problem: AI applications are often isolated and lack interoperability, limiting their full potential.
Solution: Alpaca Network’s AI Coordination Layer connects AI tools, models, and users, enabling seamless collaboration and unlocking the full power of AI ecosystems.

Barriers to Entry for Developers:

Problem: High costs of compute resources and lack of funding prevent many developers from innovating in AI.
Solution: By providing access to up to $1M in compute resources, $50K in seed funding, and mentorship through PacaLab, Alpaca Network democratizes access to AI infrastructure.

Opaque and Centralized AI Funding:

Problem: Traditional funding models are centralized, lack transparency, and are often inaccessible to smaller players.
Solution: The Initial Model Offering (IMO) model revolutionizes AI funding, enabling transparent, decentralized, and community-driven investments that align incentives between funders and developers.

Fragmentation of AI Tools:

Problem: Businesses and users face difficulty finding and deploying suitable AI tools due to fragmented platforms.
Solution: The Paca Marketplace consolidates AI solutions into a single platform, offering access to a curated directory of models and tools.

Limited Public Access to Ethical AI:

Problem: AI is often controlled by a few centralized entities, creating ethical and accessibility concerns.
Solution: Alpaca Network’s decentralized framework promotes transparency and equity, ensuring that AI benefits are distributed across society rather than being monopolized.

Underutilization of AI in Real-World Tasks:

Problem: Many existing AI systems are not effectively integrated into real-world use cases, leaving their potential untapped.
Solution: TaskPaca connects users with AI agents to solve real-world tasks, incentivizing developers to create practical AI solutions and enhancing adoption.

Business Model

The Alpaca Network is a Decentralized Ecosystem that operates as an AI research and development lab powered by a token-based economy, promoting scalability and innovation across Web3.

The Alpaca team has recently put out a call for AI researchers and engineers to join their Mentor Lab program. By fostering collaboration and innovation, Alpaca Network is poised to shape a future where AI serves humanity at large.

Unique Features

Innovative IMO Model: A decentralized funding mechanism that brings transparency and accessibility to AI projects, empowering developers and investors alike.

AI Coordination Layer: A unique system that seamlessly connects AI tools, tasks, and users, fostering collaboration and driving innovation across the Web3 ecosystem.

Comprehensive Support: Access to $1M in compute power, $50K in seed funding, and mentorship to enable scalable and impactful AI solutions.

Target Market

AI Developers, Researchers, and Engineers: Professionals seeking access to compute resources, funding, and collaboration tools to build and scale innovative AI solutions within a decentralized framework.

Web3 Investors and Funding Entities: Venture capitalists, angel investors, and retail investors looking for transparent, decentralized opportunities to support promising AI projects through the IMO model.

Businesses and Enterprises: Organizations aiming to integrate cutting-edge AI solutions from the Paca Marketplace to solve real-world problems efficiently and cost-effectively.

Non-Technical Users and Enthusiasts: Broader audiences seeking accessible AI tools and solutions for applications across industries like healthcare, finance, and education without requiring technical expertise.

Revenue Streams

Transaction Fees (Paca Marketplace): Alpaca Network earns fees from transactions on the Paca Marketplace, where developers list AI tools, and users purchase or license them.

Token Sales (IMO Model): Revenue is generated through Initial Model Offerings (IMO) on Paca Launch, where AI projects raise funds by selling tokens to investors.

Subscription Plans (Premium Services): Users and developers pay for premium features such as advanced compute resources, mentorship, and exclusive access to resources within the ecosystem.

Staking and Governance Participation: The network benefits from token staking fees, which incentivize long-term engagement and governance participation.

Partnerships and Ecosystem Integrations: Revenue through collaborations with enterprises, blockchain ecosystems, and AI innovators who integrate their solutions with Alpaca Network’s platform.

Bounties and TaskPaca Solutions: Fees from TaskPaca, where users post bounties for AI-powered solutions and Alpaca Network facilitates the collaboration.

Competitive Landscape

Alpaca Network's main competitors currently include:

Fetch.ai: Offers a decentralized platform for AI-powered autonomous agents performing real-world tasks focused on efficiency and resource optimization for sectors like supply chain, transportation, and energy.

Ocean Protocol: A data exchange protocol that enables the monetization of AI models and data in a secure, decentralized way. It targets organizations looking to leverage AI without exposing sensitive data.

ORA Protocol: Aims to bring AI and complex computation fully on-chain using its Onchain AI Oracle (OAO) and Initial Model Offering (IMO) model. Focused on tokenizing open-source AI models to incentivize sustainable contributions.

Bittensor: Provides a platform for collaborative machine learning, allowing developers to create, train, and deploy models while earning cryptocurrency rewards.

Unlike their competitors who are focused on single aspects (data sharing, oracles, or agent systems), Alpaca Network integrates multiple components:

Paca Marketplace: A directory of AI Agents for discovering and monetizing AI tools.
- Here is a link to the AI Agent Directory Product Reveal
PacaLaunch: The first launchpad focussed on Initial Model Offerings (IMOs) - already 70 projects have applied for the Q1 cohort.
TaskPaca: Fiverr for AI Agents - driven by a bounty system that enables AI-human collaboration on tasks.
PacaLab: A decentralized R&D lab focussed on creating specialized AI coordination agents.

Alpaca Network brings together the best features connecting AI and Web3 including:

Access to Resources: Provides $1M in compute power, $50K in seed funding, and mentorship—directly addressing barriers to entry for developers. These resources are bundled into a user-friendly, incentivized environment, ensuring rapid adoption.

Unique IMO Implementation: Alpaca Network’s Initial Model Offering (IMO) aligns closely with ORA’s IMO model but differentiates by offering a more collaborative and task-integrated approach. Focuses on decentralized funding mechanisms that benefit developers, investors, and token holders alike.

AI Coordination Layer: A unique feature allowing seamless interaction between AI models, tools, and users, enhancing collaboration and real-world task execution. This layer promotes interoperability across decentralized AI solutions.

User-Centric Focus: Tailors its platform to diverse stakeholders, including developers, investors, and businesses. Offers immediate utility via staking pools, governance, and discounted access to AI services.

PACA Token Utility

The PACA Token powers all transactions, governance, and incentivization mechanisms, ensuring sustainability and user engagement.

Governance:
- Token holders participate in decision-making, voting on platform upgrades, funding allocations, and ecosystem developments.
- Ensures a decentralized and community-driven governance model.
Transactions and Fees:
- The token powers all transactions across the Alpaca Network, including the Paca Marketplace, TaskPaca, and Paca Launch.
- Users benefit from discounted fees when using Paca Tokens for transactions.
Staking Rewards:
- Holders can stake their tokens to earn rewards, incentivizing long-term engagement and network stability.
- Staking also enhances participation rights, such as access to premium platform features.
Access to Resources:
- Unlocks access to premium services like compute resources, mentorship, and advanced tools in PacaLab.
- Essential for developers and researchers seeking to build and scale AI models.
Incentivization:
- Rewards contributors for tasks such as AI model training, completing bounties in TaskPaca, and participating in community activities.
- Encourages active collaboration and problem-solving within the ecosystem.
Revenue Sharing:
- Token holders benefit from revenue-sharing models of AI projects launched via the IMO platform, aligning incentives between developers, investors, and users.

Roadmap

Meet The Team

Joaquim Miro (Web3-native Co-Founder - CEO): is a Founding Partner at GDA Capital, a leading digital asset investment and incubation firm. He is also the co-founder of MLG Blockchain, TrustSwap, and Remote Work Villas, having scaled and raised multiple projects to 100M+ valuations. He serves as a liquidity provider and executive advisor to Holt Xchange, TechStars, Founder's Institute and the Canadian Marketing Association.

Vaughn DiMarco (AI-native Co-Founder - COO): Co-Founder & Investment Partner @ eXMachina 250M AI Holding Fund, Founder of two AI companies with two successful exits, 10+ years as an award-winning dev engineer focussed on machine learning, LP and Executive Advisor to Holt Xchange and other top incubators.

“Alpacadeen” Battikh (Technical Co-Founder): As the technical co-founder of Alpaca Network, Alpacadeen brings extensive experience in multiple dev languages including solidity and move. He has won multiple awards including the ETHcc Brussels DAGI Hackathon.

Craig Edgar (Head of Ops): Craig is a results-driven leader with extensive expertise in Lean and Six Sigma methodologies, overseeing large-scale operations across aerospace, insurance, and biomedical sectors. Known for his strategic approach and successful implementation of cost-saving initiatives, he consistently drives operational excellence and automation to enhance customer satisfaction and organisational performance.

Job T. (Fractional CMO): Job has successfully launched and scaled Chirpley AI, and web3-based micro and nano influencer platform with over 40,000 active users.

John Rafman (Backend Dev): John Rafman is a Senior Blockchain Core & Fullstack Engineer with 11 years of professional experience, specialising in emerging blockchain technologies, cryptography, and decentralised finance (DeFi) protocol development. Proficient in multiple programming languages, he has led projects at notable organisations like Binance Labs and Netflix.

Moe Hussain (Head of Socials): Moe has been deeply involved in the cryptocurrency space as an early investor in projects like ATOM and Binance Coin. He founded two businesses—Astro Marketing Inc., serving 321 clients, and TeslaHits, which grew to 30,000 users and generated over $5 million in revenue—and actively shares insights on crypto Twitter with nearly 10,000 followers while pursuing his Master’s at Ivey Business School.

Jacob Jepsen (Head of Design): Jacob is the co-founder & CEO of Nova Digital Ventures, which is a design venture studio focused on Web 3.0 projects. He has built brands from scratch multiple times and excels in web3 UI/UX design.

Esteban R. (Marketing Specialist): Esteban is a crypto and AI enthusiast with experience leading marketing campaigns for AI startups. Apart from entrepreneurship, he has strategy consulting experience at Accenture, crafting strategies for Fortune 500 companies. With a bachelor's degree in business from McGill, Esteban specializes in social media marketing and marketing strategy.

Hemang (Full Stack Developer): Hemang is a full-stack FE developer with 6 years of experience. He specializes in building advanced user interfaces, crafting Telegram mini-apps and mobile applications, and seamlessly integrating UI with smart contracts using Web3 technologies. Over his career, Hemang has worked with top companies like TCS, L&T, and West Coast NFTs. He has also earned multiple awards at ETHGlobal hackathons, showcasing his innovative approach to problem-solving in the blockchain space

Learn More

Learn more about Alpaca Network and the $PACA token by clicking the links below.

Token Offering Details

This offering is for the Public Round of $PACA token launching on the Base Chain (EVM Compatible). This public round offering has no vesting requirements. 100% of your tokens will be unlocked on TGE, which is planned for Dec. 12th, 2024.

Refund Policy: This Launchpad event will include a 48-hour refund policy. Click HERE for details.

Tokenomics

Secure Launch Process

To ensure a smooth launch, the Alpaca Network team has agreed to:

Have their domain fully SSL certified one week prior to the launch date.
Have their domain protected by Cloudflare and share the proof with TrustSwap prior to the launch date.
Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
Distribute tokens to launchpad participants within one hour of exchange listing.
Provide the timeline for token distributions and distribute tokens within a one-hour window of the agreed-upon time.
Have at least one community moderator on each social platform (X, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch.

Participation and Allocation

This Launchpad offering is for a Public Round allocation of the $PACA token.

Anyone can apply for free, but the application does not guarantee an allocation.

As always, anyone with a $SWAP Staking Score of at least 4,000 can receive a guaranteed allocation provided that individuals (and entities) pass KYC (jurisdictional restrictions apply). Token allocation will be split up among eligible participants proportionately based on their percentage of the total combined Staking Scores.

Visit the TrustSwap Dashboard to check your staking score. You can add more SWAP and/or increase the duration of your stakes at any time to increase your Staking Score. To learn more about Staking Scores and the TrustSwap Long-Term Staking Pool (LTSP), read our comprehensive blog post.

For a short tutorial video on how to buy and stake SWAP, click here.

Step-By-Step Guide

Prepare for Launch Day by ensuring that your SWAP stakes are topped up before the snapshot. You can also complete your KYC in advance.

On December 6th, 2024, at 5:00 PM UTC, the application window will open for 24 hours. During this time, go to the TrustSwap Launchpad and click the “Start” button to apply. The snapshot will be taken 24 hours after the launch event begins.
Complete all of the steps required for KYC verification. This can be done in advance at any time for free in just a few minutes. To save time on launch day, complete your KYC registration now.
On December 7th, 2024, at 5:00 PM UTC, the application portal will close, and a snapshot will be taken of all active SWAP stakes. There will then be a waiting period of up to 48 hours as the team finalizes internal processes.
Successful applicants will receive an email confirming their total allocation (the maximum amount they are allowed to contribute to the token offering) and asking how much they wish to contribute. Individual allocations will be either the full allocation or the pledged amount, whichever is lower.
You will have 24 hours to send funds. After 24 hours, your position will be given to the next in line, and you will lose it. Payments must be sent in USDC or USDT on either Ethereum (ERC20), BSC (BEP20), or Polygon (MATIC) blockchain.
Any tokens that are unclaimed after the initial funding round may be offered to those who applied successfully but were not eligible for guaranteed allocations.

How To Prepare

Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens in the Long-Term Staking Portal before the snapshot on 12/7/2024 at 5:00 PM UTC.
Take a photo of your government-issued ID card (Passport, Drivers License, or any other form of government-issued ID card that has your photo in it).*
Take a selfie of yourself holding the ID card along with a note that reads: “PACA 2024”.*
Make sure to follow the TrustSwap Announcement channel for updates and confirmations.
Submit your details and documents at any point during the 24-hour launch window at https://dashboard.trustswap.org/app/launchpads.

Note: Steps 2 and 3 are not necessary if you have an active KYC registration. You can save time by pre-registering at https://dashboard.trustswap.org/app/sekuritance.

Who Can Participate in the $PACA Token Offering?

Anyone not domiciled in the USA or UN-sanctioned countries can participate in the $PACA Public Round token offering.

Disclaimer: Launchpad dates and details are subject to change. This is not an endorsement, partnership, or offer for investment by TrustSwap. Alpaca Network is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.

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