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Deals involving blockchain technology, crypto currencies and/or digital assets such as Security Tokens, Utility Tokens, or NFTs are extremely speculative and present additional risks and may result in total loss of invested capital. PLEASE READ AND REVIEW THOSE RISKS HERE.
This is an offering for the right to certain defined digital assets offered by Timeworx, UAB. It is not an offering for a share, membership or partnership interest in Timeworx, UAB or any of its affiliates.
Deals involving crypto and/or digital assets such as NFTs are extremely speculative and present additional risks. Investor sophistication and enhanced independent reviews are highly recommended.
$TIX Tokens may trade at lower prices on public token exchanges than the prices that the $TIX Tokens are purchased in this Offering.
Shortly after this Offering, the Company may seek listing of the $TIX Tokens on public exchanges. The $TIX Tokens may trade at lower prices on those public exchanges than the prices contributors acquired them in this Offering, and Contributors would be unable to sell their $TIX Tokens during the lockup and vesting periods.
This Issuer operates from a foreign jurisdiction; and therefore, many of your country's common laws may not apply or be enforceable.
Investments in private companies are particularly risky and may result in total loss of invested capital.
This is a new company and has neither generated revenue, nor has it had any significant operating history.
There may be other available opportunities that are similar to this investment but have different attributes, characteristics, cost factors, and fees.
*Click here for important information regarding Financial Projections which are not guaranteed*
Problem
The dark side of AI
Data Processing, AI & machine learning are mainstream and part of the competitive repertoire of Big Tech, while smaller companies struggle to compete, as it is too expensive or too complex.
The entrance into the realm of AI is shrouded by its dark side - the necessity of human labels, known as "ground truth", leading to the rise of the data labeling industry. The current approaches to data labeling face several critical issues, primarily stemming from their highly centralized and non-transparent nature.
This centralized control often leads to a lack of transparency in how data is collected, labeled, and used, raising concerns about data privacy and ethical handling. Data labeling is often outsourced to workers in low-income countries, who are paid minimal wages for repetitive and time-consuming tasks. This not only raises ethical concerns about fair labour practices but also affects the quality and diversity of data labeling.
Data labeling remains crucial to the development of nextgen AI, which is able to handle complex tasks that require human intuition and expertise. However, we are quickly running out of human knowledge needed to train AI, which poses serious challenges to the future of machine learning.
Opportunity
Decentralizing the $4B data labeling market
“Thanks to the scarcity of high-quality data and the immense pressure and demand to build even bigger and better models, we’re in a rare moment where data owners actually have some leverage.” — MIT Technology Review
Fueled by the increasing demand for automated data analysis and decision-making capabilities across various industries, the global AI and machine learning (ML) market is experiencing rapid growth, at a CAGR of 42.2% from 2020 to 2027, and is expected to reach $733.7 billion by 2027. Furthermore, the data processing and analytics market is expected to grow at a CAGR of 14.8% from 2021 to 2026, reaching a value of $24.6 billion by 2026.
Small and medium businesses represent a significant untapped segment within this market. They contribute significantly to the global economy, and their adoption of AI and ML technologies is expected to rise as solutions become more affordable and accessible.
By providing affordable and accessible data processing and AI model training, Timeworx.io is able to capture a substantial share of this growing market. Our innovative approach, leveraging decentralized environments and human intelligence, positions us uniquely to address the needs of SMBs and capitalize on this expanding market.
Solution
Bridging the gap between human and artificial intelligence
AI models are only as good as the quality of the data you feed them. There are still a lot of tasks where the human mind is better at than machines, and humans are needed to label data accurately before it gets fed into the model. Think of things like:
Understanding emotions, so the viewer knows the context of social media posts, images, and text
Classifying objects in images, which helps in quickly identifying and sorting context from photos and illustrations
Explaining language in videos, which helps the viewer better understand nuance and provide more detailed explanations
That’s where Timeworx.io comes in:
We leverage decentralized environments where people can monetize their time by solving simple and repetitive tasks that machines cannot handle
We enable companies to process data easily and accurately by using a diversified and global workforce of agents, whether human or AI, incentivized through Blockchain technologies
Product
Gamified. Intuitive. Rewarding
Whether you’re riding the train, waiting in the doctor’s office, in the queue at the grocery store, or doing your morning routine, why not monetize your minutes while helping shape the future of AI?
Everything is simple, easy and fast. That’s why, in less than one minute, you can get from installing the Timeworx.io mobile app to actually contributing to data labeling. And getting rewarded for it.
No training required. No red tape or bureaucracy. No tedious interviews.
Only natural intelligence. Assisted by AI.
With every task you solve, you are rewarded an amount of $TIX that you can later claim. The more you solve, the more you gain.
Want to try it out?
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| If you are asked for an invitation code, please use JTzlNn5X |
Platform
Trustless by design
Timeworx.io enables businesses to process their data using a diversified workforce of agents, whether human or AI, incentivized through Blockchain technologies. Our approach is trustless: no agent is considered trusted, whether human or AI. All data processing outcomes need to be deemed correct only through consensus achieved using the decentralized data processing protocol.
Timeworx.io employs robust quality control mechanisms as on-chain proofs of performance for all data processing agents. Constant performance validation, regular audits, and feedback loops ensure that the processed data is of the highest quality.
Web3 Business Model
At Timeworx.io, the focus is on decentralizing the system to create a financial model where prices are dictated by the market, not by the platform. Our model reflects open market dynamics aligned with the principles of Web3, supporting both our clients and our agents who contribute to the platform:
Dynamic: the pricing model empowers companies (task creators) and agents (task completers) through a flexible and responsive pricing mechanism.
Competitive: the platform provides a recommended price for each task, based on a comprehensive analysis of current supply (availability of agents), demand (volume of tasks needing processing), task complexity, and prevailing market conditions.
Fair: our goal is to ensure that the price recommendation is not only competitive but also reflects the true value of the work required, adhering to the principle of an open market.
Flexible: agents, in turn, can choose to process tasks based on the offered price, complexity, and their personal preferences or expertise.
Balanced: by continuously monitoring and adjusting to fluctuations in supply and demand, Timeworx.io ensures that task pricing remains fair, competitive, and aligned with the overarching principles of Web3
We are setting a new standard for the gig economy in the digital age by facilitating a truly decentralized and market-driven approach to task pricing and completion.
Token Utility
Unlocking the future of AI
The core of the platform is the decentralized protocol for data processing that is governed by the $TIX token for ensuring transparency, traceability and fairness. Any company or individual, acting as a customer of the platform, can request data processing services using $TIX and submit data to be processed. From then on, the protocol binds Agents, whether human or AI, as service providers that process the data as intended in exchange for $TIX.
There are multiple ways in which $TIX can be used:
Data processing
Request services: companies or individuals can spend $TIX to request data processing tasks
Earn digital rewards: AI agents and human contributors receive $TIX for completing assigned tasks
Liquid Staking
Protocol Security: users can stake their $TIX tokens to help secure the protocol, earning staking rewards in return
AI Accountability: AI agents must stake $TIX to participate in processing tasks, promoting commitment and reliability
Revenue Sharing: $TIX holders can delegate their tokens to AI agents’ staking pools to receive a proportional share of the earnings, fostering a mutually beneficial relationship
Access to nextgen AI
Personal Assistant: $TIX can be used to unlock advanced AI services through a personal assistant feature in the Timeworx.io mobile app
Wide-Ranging Capabilities: The assistant offers solutions for tasks like image processing, media generation, or personalized augmented reality experiences
Tokenomics
With a total supply of 500,000,000 TIX, the tokenomics have been carefully crafted to empower our community, drive growth, and contribute to academic research within the Blockchain ecosystem, and have been designed to fuel both product utility & sustainability within our vibrant community.
Traction
1M+ tasks solved on the platform
Over 1,000 monthly active users are spending more than 20 minutes, on average, solving data labeling tasks in the Timeworx.io mobile app. As of currently, more than 1,000,000 tasks have been solved with an accuracy reaching up to 98%, as a demonstration of the sheer data processing quality and throughput of the platform.
Multi-chain from day 1, Timeworx.io has established key partnerships with blockchain networks like Injective and MultiversX, ensuring the scalable infrastructure needed by the decentralized platform. More blockchains will soon follow. Industry partnerships include Partner Staking and Dojo Swap, which are supporting the integration of Timeworx.io into the broader blockchain ecosystem.
The unique collaboration with the National University of Science and Technology Politehnica of Bucharest represents our pledge to support advancements in academic research. As a stepping stone to our future University Outreach Program, Timeworx.io will discover & fund academic research projects from universities across the world that are in dire need of data processing for nextgen AI development.
Vision & Roadmap
Fairness, Privacy and Trust in AI
Our vision is to create a space where everyone can contribute to a more ethical, open and mutually equitable future of AI development guided by these three objectives:
AI that is Fair, ensuring AI models are trained on diverse, unbiased data to prevent harm;
AI that is Privacy-Enhancing, safeguarding user data with blockchain-backed security and federated learning to keep information confidential;
AI that is Trusted, using a decentralized protocol and consensus-driven validation to deliver accountability without reliance on Big Tech.
The Roadmap to Success
Our mission to build an innovative platform for the democratisation and decentralisation of data processing, artificial intelligence and machine learning requires an ambitious roadmap that is able to match the objectives we have set.
Leadership
A product-driven team focused on solving the ‘ground truth’ in AI
Our leadership team has a doctorate background in academia and strong industry experience, harmoniously combining technical excellence, academic rigour, strategic experience and innovation potential. Well-equipped to successfully execute the roadmap, they’re poised to drive Timeworx.io’s growth and establish it as a leader in the data processing and AI markets.
Funding
The path to market fit
Backed by tech angels with over $600k investments to date, we have started ramping up our customer pipelines, and have secured more than $30k in sales. The current investment outcomes will be used to reinforce our customer discovery process to reach market fit, by growing our Product Engineering team to focus on the roadmap implementation, by growing our Product Delivery team to cater to the platform’s customers, and by carrying out our GTM strategy.
Summary
A unique opportunity arises
We are on a mission to bridge the gap between human and artificial intelligence towards reinforcing the virtuous cycle between data processing and AI.
We have a vision to create a space where everyone can contribute to a more ethical, open and mutually equitable future of AI development guided by three core objectives: AI that is fair, AI that is privacy-enhancing and AI that is trusted.
We are a product driven team that aims to solve the ground truth for AI and we are following an ambitious roadmap for building Timeworx.io: the Data Processing Layer for Nextgen AI.
Join us on our journey to decentralize and democratize the future of AI!
Disclosures
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by OpenDealBroker LLC dba the Capital R ("ODB"). OpenDeal Broker LLC is compensated in cash commission and tokens issued by Timeworx, UAB. Timeworx, UAB will pay OpenDeal Broker LLC: a 4% cash commission with a minimum fee to ODB of $15,000 per Offering, and 2% of the dollar value issued in securities/tokens to Investors pursuant to each Offering at the time of closing (as such terms are defined in the offering engagement agreement between ODB and Timeworx, UAB)
Timeworx, UAB has engaged ODB to conduct an offering ("the offering") of digital assets $TIX issued by Timeworx, UAB to eligible persons on the Republic platform (the "Platform").
The offering will be in digital assets $TIX issued by Timeworx, UAB and not equity in the company Timeworx, UAB, or any other entity.
This is a speculative, risky investment and may be illiquid or pricing may substantially fluctuate in value. You may lose money.
All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 149 5th Avenue, 10th Floor, New York, NY 10010, please check our background on FINRA’s BrokerCheck. Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest. Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.
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THIS OFFERING IS CONDUCTED PURSUANT TO RULE 506(C) OF REGULATION D PROMULGATED UNDER THE SECURITIES ACT AND IS LIMITED SOLELY TO ACCREDITED INVESTORS AS DEFINED IN REGULATION D UNDER THE SECURITIES ACT. ONLY PERSONS OF ADEQUATE FINANCIAL MEANS WHO HAVE NO NEED FOR PRESENT LIQUIDITY WITH RESPECT TO THIS INVESTMENT SHOULD CONSIDER PURCHASING THE $TIX TOKENS OFFERED HEREBY BECAUSE: (I) AN INVESTMENT IN THE $TIX TOKENS INVOLVES A NUMBER OF SIGNIFICANT RISKS; AND (II) NO MARKET FOR THE $SWTR TOKENS CURRENTLY EXISTS, AND EVEN IF ONE WERE TO DEVELOP, THE $SWTR TOKENS OFFERED HEREBY ARE SUBJECT TO TRANSFER RESTRICTIONS AS DESCRIBED HEREIN. THIS OFFERING IS INTENDED TO BE AN OFFERING THAT IS EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.
This Offering is limited solely to Purchasers who are “accredited investors” as defined in Regulation D. To be eligible to participate in the Offering, you will be required to represent to the Company in writing that you are an accredited investor and must have provided a third-party certification attesting to such status as required by Rule 506(c). You must also represent in writing that you are (i) purchasing the Subscription Agreements for your own account and not for the account of others and not with a view of reselling or distributing the $TIX Tokens, (ii) not domiciled or a citizen of a country in which cryptocurrency offerings are illegal, and (iii) not from countries which the Office of Foreign Assets Control has deemed a “sanctioned” country.
In order to qualify as an “accredited investor,” a potential Purchaser must meet one of the following conditions of the date on which the Token Purchase Agreement is executed and as of the date of the purchase:
(i) Individual – Income Test. An individual who had an income in excess of $200,000 in each of the two most recent years (or joint income with his or her spouse in excess of $300,000 in each of those years) and has a reasonable expectation of reaching the same income level in the current year;
(ii) Individual – Net-Worth Test. An individual who has a net worth (or joint net worth with his or her spouse) in excess of $1,000,000 (excluding the value of such individual's primary residence);
(iii) IRA or Revocable Company. An Individual Retirement Account (“IRA”) or revocable Company and the individual who established the IRA or each grantor of the Company is an accredited investor on the basis of (i) or (ii) above;
(iv) Self-Directed Pension Plan. A self-directed pension plan and the participant who directed that assets of his or her account be invested in the Partnership is an accredited investor on the basis of (i) or (ii) above and such participant is the only participant whose account is being invested in the Partnership;
(v) Other Pension Plan. A pension plan which is not a self-directed plan and which has total assets in excess of $5,000,000;
(vi) Irrevocable Company. An irrevocable Company which consists of a single Company (a) with total assets in excess of $5,000,000, (b) which was not formed for the specific purpose of investing in the Partnership, and (c) whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the prospective investment;
(vii) Corporations and Other Entities in General. A corporation, partnership, limited liability Company or Massachusetts or similar business Company, that was not formed for the specific purpose of acquiring an interest in the Partnership, and which has total assets in excess of $5,000,000; or
(viii) Entity Owned by Accredited Investors. An entity in which all of the equity owners are accredited investors. OpenDeal Broker LLC is a New York limited liability company. Neither OpenDeal Broker LLC nor Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by the Company.
