Cen is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$400.00 minimum investment

Cen

Democratizing AI with Blockchain

Small OPO
La Jolla, CA
Technology
Accepting International Investment
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Knowledge Market

Invest in Cen

AIs are becoming the new media. As artificial intelligence celebrities such as Siri, Alexa, and Sophia emerge, they are becoming a primary media in themselves. We are gradually moving from reading text and watching videos to having conversations with AI agents to gain our knowledge of the world.


Despite their popularity, we believe the way AIs are built today is wrong. Because they lack human understanding, AIs often fail to communicate with people smoothly and efficiently. Ask your favorite AI a question outside of its core knowledge and see what happens. We need to source knowledge from the crowd. But there is a problem for people giving their knowledge. Because AIs act as ‘blackboxes’, it is hard to reward the original human authors. Large corporations solve this by taking full ownership of the knowledge base but this is not a democratic way to solve the problem. And, it's not just factual knowledge we need to be concerned with. Corporations will have large quantities of personal data saved in siloed AI systems.


Our solution at Cen is the Basic Intelligence Token (BIT) network, an AI system that uses blockchain to run an efficient collaboration between machine and human experts while distributing fair rewards to knowledge givers. The system works by sending questions that are difficult for an AI to human experts, “Minders”, around the world. As these experts interact with the users and answer questions,  knowledge is added to a distributed, blockchain-powered knowledge base.  User's knowledge is kept with the user in a secure personal store that makes it available to answer questions in the future.


Basic Intelligence Tokens (BIT’s) are awarded to those who provide information to our knowledge base. The value of their rewards is judged by the relative value of the knowledge they provide. Our users and partnering businesses will spend the tokens to access either the general knowledge base and can pay extra to talk to human experts for more professional information. 


 

Our team at CEN involves experts and entrepreneurs who are ready to disrupt the AI industry and knowledge market. Our founders have made various groundbreaking accomplishments in the field of technology, a few examples being: inventing the touchscreen, delivering the first mobile VoIP call and developing the eSIM that allows mobile devices to automatically configure themselves for low cost service in a new country. These effort have resulted in the granting of hundreds of patents. We are confident that our team can revolutionize the way our society accesses, provides, and trades knowledge.


By investing in us, you can be a part of our movement!

Development Stage

Cen has built several pre-production systems to demonstrate the power of an Artificial & Human Intelligence hybrid system. Some of these alpha prototypes are available on the Web or via messaging applications such as Telegram. We have full Avatar lab versions that measures emotion and integrates with the Sophia Bot, Google Home, Dialog Flow, & Amazon Alexa.  With the funds raised, we will harden and scale these systems as well as implement a knowledge authoring user interface suitable for non-programmers, complete the token design including the ERC-721 tracking integration, and develop the Minders interface tools to allow for large-scale human intervention.  Cen’s roadmap is illustrated below. We expect to release  Alpha prototypes over the coming months and launch the network in Spring of 2019.


The Offering


Investment: Class B Common Stock & BIT Tokens


$4/share of Class B Common Stock│When you invest you are betting the company’s future equity value will exceed $36.5M.


Perks*

BIT Tokens (or "BIT")

An investor shall receive the right to receive 75 BIT Tokens (if and when developed and issued) for each shares of Class B Common Stock purchased in the Offering. In addition, the following bonuses will apply:

  • Invest $1000-$4,996: You will be recognized by the Cen by name and you will receive a bonus of 1 tokens per share.
  • Invest $5,000 - $24,996: You will be recognized by the Cen as a Cen Contributor and you will receive a bonus of 2 BIT Tokens per share.
  • $25,000 - $99,996: You will be recognized by the Cen as a Cen Ambassador and you will receive a bonus of 5 BIT Tokens per share.
  • $100,000+:  You will be recognized by the Cen as a Cen Fellow and we will build a Cen prototype to introduce to you or your company and you will receive a bonus of 10 BIT Tokens per share.

*All perks and tokens will be delivered after the campaign is completed, and upon availability of the Tokens.  See Offering Summary below for additional terms.


Description:  The BIT Token represents the use of human knowledge and skill in a human/artificial intelligence market. Minders (human expert authors) generate knowledge which will be recorded using ERC-721 (cryptokitty-styled) smart contracts on the Ethereum blockchain. When their knowledge is used, subject to applicable securities laws, Minders will be rewarded with BIT Tokens.   As currently contemplated, advertisers - really service providers in the Intelligence Economy - will hold and spend BIT Tokens  to gain access to the users of the BIT knowledgebase. Initial prototypes have been built on the Ethereum blockchain. Most knowledge is encoded on sidechains as Ethereum itself is not fast enough to service real-time communications and AI. We may migrate to a newer blockchain if the roadmap for Ethereum does not fix these issues in a timely manner.


The right to receive BIT Tokens is contingent upon the successful development of the BIT Platform, BIT Tokens and to the extent applicable, the blockchain upon which they function.  There is no guarantee that successful development will ever occur.

Why Invest in CEN?

The Rise of AI and the AI Market

From chatbots like Chatterbot to personas like Siri, AIs are becoming more sophisticated and popular day by day. Speech recognition is now reaching above 95% accuracy [Meeker 2017], and humans today spend more of their time conversing in messaging applications than watching videos or reading on social media platforms [Economist 2016]. Increasingly, these conversations are with computers AI agents and chatbots rather than fellow human beings.


CEN will be at the forefront of the rapidly growing AI market. PwC estimates that AI will increase the world GDP by 14% by 2030, representing $15.7 trillion dollars of value creation [Rao 2017]. More and more businesses are anticipating the continual rise of the AI market. McKinsey estimates that a range of companies invested between of $26 billion and$39 billion in 2016 across all forms of AI technology [Bughin 2017]. Market Research Future predicts that the chatbot industry will also grow, at 37% per year to reach $6 billion by 2023 [MRF 2017].

Our Revenue Streams

We intend to operate a freemium model. Users who register with us can access a range of crowdsourced information and services free of charge.  As currently contemplated, once users are on board with our system there will be four main ways we generate income. 


  • While using our free service users will purchase products and services. We take a percentage on these transactions.
  • Users (or indeed, partnering businesses) will be able pay to access our premium general service on a time or task basis. For example, a user could pay per hour to have Cen accomplish a task for them or teach them something. Commonly, services that offer a human virtual assistant charge $60 per hour but we believe the combination of AI and HI will allow us to provide this service for less. 
  • Users or partners who want specialized professional knowledge will pay considerably more. Once a high-value task is created by the knowledge builders, it can be consumed within a premium package.
  • 3rd Parties will use our knowledge base and APIs to power their AIs.

We Offer a New Way to Advertise

Our advertising market is different from the abrupt interruptions we are used to. An AI is a conversation with a knowledgeable friend. It's rather like talking to a stock broker. A broker must offer fair advice, but they can also receive compensation. 


The same model applies to an AI. For instance, if a user is looking for a way to fly from Los Angeles to New York, our AI would announce this to advertisers and solicit offers for its user. It would then pick the best offer from advertised offers. It might also give answers where it received no compensation if these were the best answer.

Our Product

The Bit Network

Our network will introduce a new breed of decentralized AIs called Cens (Cognitive Entities) – AI avatars 'Cens’, and chatbots ‘Cenbots’. Cen will act as our primary interface AI and as a reference design allowing custom Cens to be built.

Our AI network will be different from other popular AI systems like Alexa or Siri. Our BIT network will lack a central corporate owner. Instead, all services will be provided by the decentralized, global network of people who choose to participate.


The BIT network will protect user data. We will record user information securely in their device or encrypt it in a distributed system so that users can provide their data to services as needed rather than storing data in a central store. 


The BIT network will connect computer and human experts smoothly to provide the most efficient knowledge service. The system will work by sending questions that are difficult for an AI to human experts around the world. Many experts 'Minders' are available at any one time so the human intelligence merges seamlessly into the AI sessions.


The BIT network will reward authors fairly. We are creating a system where authorship of knowledge is recorded securely keyed to a blockchain so that their influence is rewarded fairly.

There will be Three Main Actors in our Ecosystem

Users


  • Our registered members will consume the BIT knowledge base. They will have access to the basic services of Cen and Cenbot. They can can also reach partner services or purchase native BIT services, such as training and consultancy.


Partnering Businesses


  • Partners can either use their own AI and purchase access to our knowledge base or, if they do not have an AI, purchase access to Cen and Cenbot or have a custom version built.


Minders

  • Minders add to the knowledge base. They will encode expert human knowledge in an advanced knowledge representation graph form, to teach, advise, reason, and abstract. They will offer three types of knowledge: static knowledge (long-term facts), live knowledge (digital platforms or agents that hold knowledge), or agents (programs or other AIs that can answer questions programmatically).

  • Verifier Minders will test the knowledge base to determine the quality and uniqueness of the AI knowledge graphs. After authors submit their knowledge, verifiers will check, score, and make modifications to the knowledge. The author will receive their pledged tokens once the verification is passed.

  • Servers Minders will provide computational power to run the network and host our reference implementations, Cen and Cenbot.

  • Moderators Minders will provide human intelligence backup to the AI inference systems, overseeing their use and continuously improving the knowledge base.

Basic Intelligence Token

Our network will use Basic Intelligence Token (BIT), which will encode human knowledge onto the blockchain for use by artificial intelligence (AI).

BIT’s are initially awarded to users who sign up to our system. They are awarded with tokens for proving their identity and inputting their preference and state information that ranges from home shipping address to favorite foods. This information is used to help an AI best serve the user. Gamification will be used to encourage the users throughout the sign-up process.


Token ownership represents the right of membership and access to our service. Having sufficient tokens allows user to access basic Cen services for free and vote on certain community rules. Having more tokens provides discounts on subscriptions and added value services. Signed-on members will receive additional tokens when they invite others to join the network.

BIT Rewards and Costs: Minders will receive BITs for contributing to the knowledge base. We will price the knowledge according to its ‘relative information value’ (RIV), which will be based on how special the knowledge is and how popular it is in the market (when their works get consumed individually or from a pool, they, subject to applicable securities laws, receive additional tokens). Minders will also be rewarded for administrative tasks, such as reviewing and rating new knowledge, performing maintenance tasks and providing computational resources.


Users will be able to spend their BITs to consume works such as educational modules and consultancy or to subscribe for premium services.


Businesses will also be able to spend BITs to gain access to the knowledge base, user profiles and context data. Companies without in-house AI services will also be able to use BITs to access our human oversight and moderation capabilities and AI computational capability.

Offering Summary

Maximum 267,500* shares of Class B Non-Voting Common Stock and right to acquire 20,062,500* BIT Tokens, when and if issued ($1,070,000) 

*Maximum subject to adjustment for bonus shares. See 10% Bonus below

Minimum 2,500 shares of Class B Non-Voting Common Stock and Right to acquire 187,500 BIT Tokens, when and if issued ($10,000)


Company
Cen Inc.
 

Corporate Address
8070 La Jolla Shores Drive, La Jolla, 434, CA, 92037
 

Description of Business
Cen Inc is developing technology to crowdsource human knowledge into a blockchain-based database mediated by the BIT Token which allows the creation of fair AI systems that blend human and artificial intelligence together in real time.
 

Type of Security Offered
Class B Non-Voting Common Stock and the right to receive BIT Tokens, if an when issued
 
Purchase Price of Security Offered
$4.00 per share of Class B Non-Voting Common Stock and the right to receive 75 BIT Tokens, if and when such BIT Tokens are issued
 

Minimum Investment Amount (per investor) 
$400











Perks

An investor shall receive the right to receive 75 BIT Tokens (if and when developed and issued) for each shares of Class B Common Stock purchased in the Offering. In addition, the following bonuses will apply:

  • Invest $1000-$4,996: You will be recognized by the Cen by name and you will receive a bonus of 1 tokens per share.
  • Invest $5,000 - $24,996: You will be recognized by the Cen as a Cen Contributor and you will receive a bonus of 2 BIT Tokens per share.
  • $25,000 - $99,996: You will be recognized by the Cen as a Cen Ambassador and you will receive a bonus of 5 BIT Tokens per share.
  • $100,000+:  You will be recognized by the Cen as a Cen Fellow and we will build a Cen prototype to introduce to you or your company and you will receive a bonus of 10 BIT Tokens per share.

*All perks and tokens will be delivered after the campaign is completed, and upon availability of the Tokens.  See Offering Summary below for additional terms.


Terms of Token


BIT Tokens (or "BIT")

Description:  The BIT token represents the use of human knowledge and skill in a human/artificial intelligence market. Minders (human expert authors) generate knowledge which is recorded using ERC-721 (cryptokitty-styled) smart contracts on the Etherium blockchain. When their knowledge is used Minders are rewarded with BIT tokens. Advertisers - really service providers in the Intelligence Economy - hold and spend tokens in order to gain access to the users of the BIT knowledgebase. Initial prototypes have been built on Etherium. Most knowledge is encoded on sidechains as Etherium itself is not fast enough to service real-time communications and AI. We may migrate to a newer blockchain if the roadmap for Etherium does not address these issues in a timely manner.

  • Initial Blockchain: Ethereum
  • Migration to Alternative Blockchain: Likely for scaling
  • Expected Network Launch date: 2019
  • Total number of Tokens authorized for creation: 3,000,000,000 max tokens until 1 billion users are recruited or the network has been operating for >10 years. At 1 billion users an additional 10% tokens will be generated to provide additional user recruitment bonuses. At 10 years a maximum of 3% additional tokens will be minted per annum to reward "minders".
  • Number of Tokens or Rights to Tokens already issued: 528,000,000
  • Anticipated Distribution of Tokens
    • Investors 33%: 990,000,000
    • Founders 17%: 500,000,000
    • Company 10% 310,000,000
    • Supporters 2%: 60,000,000
    • Foundation 5%: 150,000,000
    • Minders 33%: 990,000,000
  • Will they be listed on Exchanges:  If the BIT Tokens are developed and issued and there exists SEC licensed exchanges for our BIT Tokens, we currently intend to apply for listing on one or more such SEC licensed exchanges. 

Other Material Terms:

  • Voting Rights: None
  • Restrictions on Transfer: 1 year from closing of Offering  
  • Dividends/Distributions: None
  • Redemption Rights: None
  • Other: None

The Company currently does not have a functional distributed ledger based business model nor a blockchain based token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items.  There is no guarantee that successful development will ever occur.  The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.  

Tax Advisory: Investors should consult their tax advisors with respect to the tax basis for each of the Class B Non-Voting Common Stock and the Tokens, since they will trade independently.

Jurisdictions: No Investor who (i) resides, (ii) is located, (iii) has a place of business, or (iv) is conducting business (any of which makes the Investor a “Resident”) in the state of New York will be accepted in this offering.


The 10% Bonus for StartEngine Shareholders

Cen Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date.  This means you will receive a bonus for any shares you purchase.  For example, if you buy 100 shares of Class B Non-Voting Common Stock at $4 / share, you will receive 10 Class B Non-Voting Common Stock bonus shares, meaning you'll own 110 shares for $400.   Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments made to advisors, salary to directors; Administration Expenses, Travel and Entertainment; repayment of directors loans.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$0.00 USD
$0.00 USD
Cash And Cash Equivalents
$0.00 USD
$0.00 USD
Accounts Receivable
$890.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$29,532.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
$0.00 USD
$0.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Funds Disbursement

5 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Cen has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Cen be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

StartEngine's virtual demo day

about 2 months ago

Dear Cen Inc. Community, 


Tune in today at 9:16 AM to watch our pitch live during StartEngine's virtual demo day! Sign up here: http://bit.ly/2xszTMl 


The first-ever StartEngine Demo Day is only hours away, and we couldn't be more excited. Set to feature more than 40 pitches from companies with live campaigns on StartEngine, this virtual event will bring our investor and entrepreneur communities even closer together.


Are you looking to learn more about any StartEngine campaigns? Have you yearned to pick the brain of an ambitious entrepreneur? Do you want to be one of the first to hear about new, potentially disruptive innovations?


If you answered "yes" to any of the above questions, then join us from anywhere in the world with an Internet connection. The StartEngine Demo Day livestream begins today, Thursday (5/31), at 9am PST. To participate, just click the button below. We can't wait to see you there!

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