How to Buy Lightchain AI (LCAI) – Easy Guide
Lightchain AI combines blockchain technology with artificial intelligence to create an ecosystem for decentralized applications with AI capabilities. Whether new to crypto investments or an experienced trader, this how-to-buy Lightchain AI guide provides all the steps to acquire LCAI tokens securely and effortlessly.
Lightchain AI (LCAI) Token: Quick Overview
- Proof-of-Intelligence consensus: Lightchain AI introduces a new consensus mechanism in which nodes that perform AI computations, such as model training and optimizations, are rewarded with LCAI tokens.
- AI Virtual Machine: Via its AIVM computational layer, the project is helping developers seamlessly build AI-based decentralized applications. To access this feature, developers will need to buy and stake LCAI tokens.
- Strong tokenomics: The LCAI token is the lifeblood of the Lightchain AI ecosystem. Its tokenomics has been designed with long-term sustainability in mind. To quickly decentralize the project, 40% of the total token supply has been allocated for the presale and 28.5% for staking and rewards.
How to Buy Lightchain AI (LCAI) – A Simple Guide for Beginners
Buying Lightchain AI tokens is simple. Here’s how to do it in four steps:
Step 1 – Get a Crypto Wallet
You need a crypto wallet to buy and store your LCAI tokens. However, the Lightchain AI token presale works on the Ethereum blockchain, meaning you need an Ethereum-compatible wallet to complete the purchase.
We recommend MetaMask, a multi-chain, non-custodial wallet. It’s also the most popular crypto wallet, with over 100 million users worldwide. Visit the MetaMask website and install the wallet as a mobile app for iOS and Android devices or as a browser extension. MetaMask supports Chrome, Brave, Firefox, Opera, and Edge.
Once you install the extension or the app, create a new wallet if you have none. Add a strong password and write down your seed phrase, also known as private keys, on paper and never share it with anyone.
Step 2 – Buy Crypto
If you already own crypto, either on a different wallet or a centralized exchange like Coinbase or Binance, you can withdraw your USDT or ETH using your MetaMask wallet address.
If you don’t have crypto, you’ll need to buy it. Luckily, MetaMask offers a fiat onramp, meaning you can directly buy crypto with fiat currency within your wallet using a card, PayPal, Venmo, or a wire transfer. Note, not all payment methods are available in every country. However, the card option is typically the most widely accepted onboarding payment method.
Select the “Buy” option within your wallet, and MetaMask will take you to another tab. Enter the amount you wish to spend and select a third-party provider like Banxa or MoonPay.
Follow the prompts, which may require a KYC procedure where you have to provide a valid ID document. Within minutes, you’ll have your ETH in your wallet.
Alternatively, you can buy ETH on a centralized exchange and withdraw your funds to your MetaMask wallet.
Step 3 – Connect Your Wallet to The Lightchain AI Presale
Visit the Lightchain AI presale site and select “Connect Wallet”. Select MetaMask from the options – or select another wallet if you have one.
Approve the connection in the MetaMask pop-up.
Step 4 – Complete the Presale Form
To complete the presale form, enter the amount of ETH you wish to spend and the Lightchain AI website will automatically convert to the current exchange rate.
For example, at the current price of $0.00375, you can buy 90,909 LCAI tokens with 0.1 ETH. Keep in mind, the price goes up with each presale stage.
Step 5 – Buy LCAI Tokens
Check the presale form once again to ensure you’re spending the amount you wish and that everything is in order.
Select “Buy Now” when ready. The MetaMask will launch a pop up for you to confirm the transaction. Approve it if everything looks good.
Staking and Claiming LCAI Tokens
- The LCAI token claiming will be available once the presale ends. Typically, this is within the next day or two. Make sure to follow Lightchain AI on X to get the latest updates.
- Staking LCAI tokens is available during the presale. Once you buy your tokens, visit your account tab and select the staking option from there. Select the amount of your LCAI tokens you wish to stake and choose a duration from three months to three years.
How to Ensure Safety and Avoid Scams When Buying Lightchain AI Tokens
Buying Lightchain AI tokens on their website is safe and straightforward. However, it always pays dividends to follow best practices to have a smooth experience.
Follow Wallet Best Practices
Keep your seed phrase (private keys) safe. Don’t take photos or keep them online. Write them on paper and never share them with anyone. If someone asks for your 12 or 24 words, they are trying to scam you.
Be Aware of Common Scams
- Scammers can use fake names, such as the team’s Discord user names, and send you direct messages. In crypto, team members never write you first. If someone contacts you, ensure it’s the real person and not a scammer.
- Don’t click on random links. Scammers do another tactic such as promising free tokens or token airdrops. All you have to do is follow their link, connect your wallet and approve the transaction. If it’s too good to be true, it most certainly is.
- Beware of fake links. To buy your LCAI tokens, visit the official Lightchain AI website. If you Google it, ensure it’s the real one as scammers can use ads to appear on top to scam investors.
What Is Lightchain AI?
Lightchain AI is a decentralized platform that integrates artificial intelligence with blockchain technology to create a transparent, efficient, and scalable ecosystem for AI-driven applications. At the core of its innovation is the Artificial Intelligence Virtual Machine (AIVM), designed to execute complex AI tasks seamlessly within the blockchain environment. This system ensures low latency, high efficiency, and provides interoperability with widely used AI frameworks such as TensorFlow and PyTorch.
This project is using a so-called Proof-of-Intelligence (PoI) consensus mechanism. This mechanism rewards nodes for contributing meaningful AI computations, incentivizing participants to perform tasks like training machine learning models or executing data analysis.
Lightchain AI also addresses systemic issues in AI development, such as bias and centralized control. By decentralizing model training through federated learning, it ensures a diverse range of data contributions while maintaining data privacy. Additionally, its governance model gives utility to LCAI token holders, allowing them to vote on key project decisions.
Scalability is another cornerstone of Lightchain AI. The platform employs sharding, Layer 2 solutions, and decentralized storage systems to handle large-scale AI workloads effectively. These features make it suitable for real-time applications across various industries, from healthcare to finance.
Lightchain AI Tokenomics
Here’s how the Lightchain AI team has allocated the LCAI token supply:
| Allocation | Percentage | Description |
| Presale | 40% | Sold to presale investors at a discounted price |
| Presale Staking | 28.5% | Staking rewards available to presale investors |
| Marketing | 5% | Used for marketing initiatives and KOL incentives |
| DEX/CEX Liquidity | 15% | Required for listing the LCAI token on exchanges |
| Treasury and Reserve | 6.5% | Used for the treasury |
| Team | 5% | Allocation for the Lightchain AI team |
Reasons to Invest in The Lightchain AI Presale
Lightchain AI is an interesting project that merges two hyped themes: AI and crypto. Here are other reasons why you may consider this project as an investment option:
- Discounted Price: During the presale, early investors get the chance to buy the LCAI token at a discounted price. During the presale, the token price will increase, leading to the token launch. After LCAI is listed on exchanges, the typical supply-demand dynamics will take over the price.
- Token Utility: The project has an ambitious roadmap and goals, and if successful, the LCAI token could see increased demand. That’s because the token is needed to access the project’s tools and features. Developers who are planning to build using Lightchain AI could benefit from hoarding tokens during the presale.
- High Staking Yields: Investors who buy the token during the presale can stake their token for three months to three years and earn more LCAI tokens as a reward. The team has allocated 28.5% of the total token supply for staking rewards.
Lightchain AI Price Prediction – What Is Next for LCAI?
The Lightchain AI token price performance is influenced by multiple factors, including market dynamics and project success. Market dynamics affect the crypto as a whole, if Bitcoin makes new highs and altseason follows, a lot of cryptocurrencies will see the benefit.
But unlike many new projects that are mostly meme-focused, Lightchain AI brings real utility to the table where the LCAI token is at its heart. If the presale is successful and the team delivers, LCAI could see high demand, which will positively affect the token price.
All things considered, LCAI could trade as high as $0.025, which should put it at a fully-dilluted market cap of $250 million. This could be considered conservative, especially since some AI cryptocurrencies like Render have a market cap of over $4 billion.
Conclusion
Purchasing Lightchain AI ($LCAI) tokens is a straightforward process. All you need is a crypto wallet compatible with the Ethereum network, such as MetaMask, and ETH coins to complete the purchase.
FAQs
What is Lightchain AI (LCAI)?
Lightchain AI is a crypto project that merges AI and blockchain technologies. Using its Proof-of-Intelligence consensus mechanism, the project rewards those who contribute to AI development while maintaining network security.
How to invest in the Lightchain AI presale?
Visit the Lightchain AI presale site and connect your Ethereum wallet, such as MetaMask. Use ETH to complete the purchase. If you don’t have any ETH, you can buy directly at MetaMask using a card.
How to resolve common issues when buying LCAI?
Reach out to the Lightchain AI team on Telegram or X. Keep in mind the team will never reach out to you first.
Does Lightchain AI offer staking?
Yes, you can stake your LCAI tokens during the presale. Select the amount and the period from three months to three eyars.
When can I claim my LCAI tokens?
Token claiming is available after the presale ends.
When will LCAI launch on exchanges?
Exchange listings happen after the presale ends. The token is typically launched on decentralized exchanges like Uniswap first.
References
Source: cryptonews.com
