Unmanned aerial vehicles (UAVs), popularly known as drones, are aircrafts which can either be operated from the ground or fly autonomously based on a sophisticated software. As far as the industrial applications are concerned, drones are used for precision farming, infrastructure inspection, search and rescue, reconnaissance and surveillance. Recently, several ecommerce and logistics companies have tested drone based home delivery of packages. The reason for growing implementation and acceptance of drones is that unlike manned aircraft, it can fly at a low altitude, traverse remote areas, and minimizes the risk to human life in case of a crash.
The varied use cases and increasing popularity of drones has inspired companies like DEEP AERO to further unleash the potential of UASs. Even though the industry is still in its early days, DEEP AERO, a global leader in drone technology, has come a long way in terms of developing a robust ecosystem of businesses, governments, investors, researchers, and enthusiasts. This factors in various challenges and resolves these through industry experience and innovation.
DEEP AERO is building an AI-powered, autonomous, self-governing, intelligent drone/unmanned aircraft system (UAS), and traffic management platform on the blockchain. It is designed for safe low-altitude civilian flights of manned and unmanned aircraft in the shared airspace.
DEEP AERO is integrating with the Bancor Protocol to provide continuous liquidity for its DRONE tokens. DEEP AERO’s public Pre-Sale is scheduled between 30 March 2018 and 15 April 2018. By integrating the Bancor Protocol, DRONE token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network, where any integrated token can be automatically converted to any other directly from the Bancor Wallet or any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance) and many more projects that will be activated soon.
“We have a huge community and anticipate massive demand for the DRONE tokens, so it absolutely makes sense for us to provide our users with an easy way to convert DRONE tokens as soon as the ICO is finished,” said Gurmeet Singh, CEO of DEEP AERO. “Integrating with Bancor will provide liquidity to everyone who wants to be a part of the drone economy as we build our platform and revolutionize the drone industry.”
DEEP AERO will activate a Relay Token with 2% of its circulating token supply within a week following the successful completion of the Token Sale. Users will be able to purchase and sell DRONE tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
Talking about the development, Gurmeet Singh, CEO, DEEP AERO said, “With a growing number of organizations looking to use drones for a variety of commercial operations, from ecommerce to emergency response, the society is expected to witness a huge transformation in terms of public services and business. DRONE Token Pre-sale will help attract capital required to develop the ecosystem. We also plan to strengthen this ecosystem by investing in research on airspace design, dynamic geo-fencing, congestion management, terrain avoidance, route planning, re-routing, separation management, sequencing and spacing, and contingency management.”
The company is working towards its vision to create a global drone empowered economy by leveraging the AI and blockchain capabilities. Some of the ongoing use cases involve agricultural mapping, aerial survey, traffic monitoring, sewer and pipeline inspection, wildlife conservation, safety surveillance and storm tracking. DEEP AERO also offers full integration and harmonization between UAVs traffic management across manufacturers, service providers, and end users to use drones safely and efficiently, without disrupting the existing manned aviation system.
The world of AI and blockchain powered drones has enormous potential. What we are witnessing currently is merely the tip of the iceberg. As the ecosystem for drones receives more participation from businesses, governments, investors, researchers, and enthusiasts, we will see this potential unlock and bring a significant change to our world. Please read the DEEP AERO whitepaper and watch the ICO video to understand DEEP AERO’s vision in depth.
The Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive.