KIMERA has produced a series of videos

Kimera has produced a series of videos which provide a simplified way to understand the underlying concepts of our Artificial General Intelligence (AGI) and KIMERA Token Economics.

NOTICE
If you are not sure about joining into the following Initial Coin Offering (ICO), please consult with professional advisers in the fields of legal, tax, and financial.

Purpose

This document introduces recipients to the operation of Kimera Systems, Inc. ("Kimera"); Artificial General Intelligence ("AGI"); Kimera's Nigel™, the world's first human-like artificial intelligence (AI); the network to be built around Nigel; and the tokens that will operate in that network. Recipients should carefully consider and evaluate each of the following terms and risk factors in assessing the contents of this White Paper, but not to the exclusion of other relevant documents and information. It is important to recognize that this White Paper is not intended to be comprehensive, is not intended and shall not be deemed to be a prospectus, and no information conveyed herein constitutes or forms a part of any contract or relationship between Kimera and any recipient.

This document is for informational purposes only. It is not intended to be legal, financial, professional, tax, or other advice, advertising, or a recommendation to take any action.

The nature of the Tokens in general

The Tokens are intended as utility tokens but regulated as securities

The Securities and Exchange Commission ("SEC") in the United States has advised through recent regulatory and enforcement actions that, although whether any particular series of tokens is a security depends on the facts and circumstances of the token and ICO, in general they have found unpersuasive attempts to classify utility tokens as not subject to regulation. In each of the public disclosures of enforcement action from the SEC in 2017 and 2018, the SEC is yet to find a token that is not a security. Therefore, we have decided to offer our tokens under the provisions of applicable securities law, such as, with regards to the SEC, Regulation A and Regulation S.

Those who choose to participate in our ICO should be knowledgeable about both cryptocurrency and recent developments in artificial intelligence. The existence of AGI cannot be proven without substantial further development, and participation in our ICO should only be taken on by those with substantial knowhow.

There are significant risks regarding what we know about Nigel, and the market for Nigel. There can be no guarantee of income or profit

There is no guarantee that our tokens will grow in value, or that any market for the tokens will develop. If the market develops there can be no guarantee that the tokens will not drop in value, as they have no intrinsic worth. The value of the tokens hinges heavily on the performance of Nigel and Kimera’s network/platform, Kimera’s public image, and Kimera’s success in marketing, advertising, and improving Nigel.
Kimera claims that we invented the first ever artificial general intelligence, and the token will be used to complete and incent transactions that will improve our knowledge of AGI. Nigel doesn’t yet have any established market value and may never result in a commercially viable business. There are significant risks associated with Nigel, not the least of which is the absence of current regulation for AGI – if any state actor or agency determines that AGI should be regulated, such regulation may interfere with the developing business model of Kimera.
If, due to regulation or otherwise, the intended transactions in our Tokens are not viable then the value in developing Nigel will not be recognized. Recipients should understand that their purchase may not result in a valuable or useable token, and the value of their purchase is subject to partial or complete loss.

The Tokens do not guarantee or convey any voting or other rights in the ownership, operation, or management of Kimera Systems, Inc. In the event of unforeseen circumstances, the objectives stated in this White Paper may be changed. Despite the fact that we intend to reach all goals described in this document, all parties involved in the purchase of Tokens do so at their own risk.

All Token orders will be deemed final. You acknowledge that you will be bound by your commitment and will not be entitled to any refund or reimbursement.

Blockchain-based technologies, the related software applications and business models, are still being developed and there are inherent risks that the technologies, software, or business models might not function as intended. We will rely on the Ethereum protocol, which means any failure in the Ethereum protocol could harm the trading of our tokens. There is a risk of bugs, weaknesses, or vulnerabilities in the software which could lead to complete or partial loss of tokens, and such vulnerabilities have previously affected cryptocurrencies offered by others with deleterious effects on those who transacted in such coins

Blockchain mining attacks pose serious threats to the blockchain, the networks running on the blockchain, and to issuers and purchasers of tokens. Other forms of cybertheft and cybercrime put cyber currencies at risk, risk to any money Kimera might store for recipients in escrow wallets or to recipients’ tokens when issued. Because the development of this technology is still early stage, certain risks cannot be foreseen, and vulnerabilities will be exposed only through experience.

Kimera wants to move humanity forward by solving the challenges we face as a species and disrupting an economic model which currently disproportionally benefits the wealthy. Funds raised from an Initial Coin Offering (ICO) will be used to power this vision by integrating two technologies: Artificial General Intelligence (AGI) and blockchain smart contracts.

Inventing [AGI] would be one of the greatest advances in the history of science. It would speed up the progress of knowledge across the board, and change the world in ways we can barely imagine.
Pedro Domingos, Professor, University of Washington\

Based on our initial 2005 research, Kimera created and successfully demonstrated a fully functional AGI solution back in 2010. Since that time, we’ve continued evolving our technology and incorporated learnings from two beta tests which had over a thousand individual participants worldwide.

ARTIFICIAL GENERAL INTELLIGENCE

Artificial General Intelligence is the idea of machines thinking at, or beyond, human cognitive levels. AGI has eluded scientists for over six decades and is largely presented as narrow machine learning, where a computer is programed to solve specific problems. While governments and a handful of corporations are pouring research money into the pursuit of AGI, a realistic approach has eluded scientists — until now.

Kimera began developing its AGI technology by finding the answer to a basic scientific question: What is Intelligence? The answer led us to develop a General Theory of Intelligence. A concept, grounded in physics, which postulates that intelligence is the process of changing the composition of spacetime. This is the basis of our AGI system.

Producing a theory of intelligence that is described at the fundamental particle level allowed us to develop a machine algorithm for implementation that differentiated us from other AGI research and solutions. While other AI companies are largely focused on recognizing patterns and making predictions, Kimera’s solution is based upon a universal theory of intelligence that uses a single algorithm to solve virtually any problem

AGI is a big claim that should not be taken lightly and viewed with scientific skepticism. That is why Kimera was delighted the Rochester Institute of Technology (RIT) publicly announced they will be the first university to integrate Kimera’s AGI into its teaching and research programs. RIT has conducted due diligence into the scientific theory underpinning Kimera’s technology, the algorithm supporting it, and the overall technical architecture. RIT will be using it for faculty and graduate research, as well as validating its current implementation. (https://www.rit.edu/news/story.php?id=66192

Kimera intends to establish the “gold-standard” for ICOs. There currently is a lack of regulatory oversight regarding ICOs. As a result, Kimera is working closely with our team of legal, accounting and investment banking experts to interpret and remain in compliance with the existing laws. Current interpretation states that, while we are building an exciting utility for the tokens, these tokens are considered securities.

For the Private Pre-Sale, only accredited investors in the US who qualify under Rule 506(c) of Regulation D and foreign (non-US) investors under Regulation S of the Securities Act of 1933 could participate in this initial offering. In this phase all investments were done under Simple Agreement for Future Tokens (SAFT).

For pre-sale, only foreign (non-US) investors can participate under Regulation S. US investors cannot participate in this initial sale of tokens as a result of a lock-up period

For the Public ICO, both non-accredited and accredited US residents can participate for up to USD 50 million under Regulation A+. SAFT holders will be able to convert their SAFT into tokens at this time. Foreign investors may continue to purchase tokens during this public ICO under Regulation S

Part of our “gold-standard” approach is to make our ICO, and post ICO, as transparent as possible:

Our documentary will continue for at least one-year post ICO. It will reveal a behind-the-scenes look at what the company is doing, its successes and failures and provide general insight into the company operations.
Two board seats represent all token holders. Token holders may nominate candidates for the board and vote in elections. The company does reserve the right to perform full background checks on every board member, regardless of who they represent. The Company reserves the right to refuse to seat an individual who is considered high-risk. If this happens, the next candidate, with the most votes who passes a background check, will be seated.
Annual financials will be made public

While we hope the Unites States Congress introduces practical ICO regulations, we will do our best to conduct ourselves honestly and transparently, provide investor protections and make the KIMERA token attractive, now and in the future

KEY FACTS ABOUT THE KIMERA ICO PLAN

KIMERA Token Privileges

Kimera token holders will be eligible for two unique privileges:
Kimera’s Board of Directors will be expanded by two seats representing tokens holders. Any token holder will be eligible to nominate and vote on candidates. The new board composition will be:

Executive Management, 2 seats
Equity Shareholders, 2 seats (Only shareholders can nominate and vote)
Token Holders, 2 seats (Only token holders can nominate and vote)
Independent seat, 1 seat (Nominated and voted on by the board)

This structure gives token holders a voice on the Board

Tokens are backed by Kimera intellectual property (IP) in the form of a springing trust. AGI is expected to be the most valuable technology ever created by mankind. As Nigel AGI matures and becomes “smarter,” we expect the value of the IP to grow substantially and put upward pressure on the token value.

All funds received from the ICO will be used for to bring Nigel AGI to market and mature the token economy. Specifically:

THE KIMERA ROADMAP

A WORD FROM OUR FOUNDER & CEO

Scientists believe Artificial General Intelligence (AGI), a machine-based intelligence with the capacity for human level reasoning, will change the future of humanity more than any other invention in history.

This idea has resonated with me since I was gifted my first computer in 1983: A Sharp MZ-700. It was on that machine that I began to understand the enormous potential of technology and envision a future where the artificial intelligence (AI) seen in science fiction movies had the potential to become reality and change how we interact with the world. Imagine a society without poverty, a fair and competitive marketplace, cures for devastating diseases, and countless other possibilities. This is the vision that exhilarates me and continues to drive my passion for AGI.

In 1997, I began working on my first AI project using speech recognition to identify complex patterns and transcribe them into readable script. It was an achievement for me, but still did not hit the mark on my quest for “real” artificial intelligence.

The answers to those questions led me to create a computer algorithm with the ability to mimic universal general intelligence: Kimera’s AGI.

The next step towards reaching Kimera’s AGI’s full potential was to develop an effective model for driving data gathering and learning. Enter Nigel Deighton, a researcher with Gartner Research. With Deighton’s assistance, we developed a decentralized economic model which enables users, developers, device manufacturers, and network operators to benefit from our AGI network without being influenced or controlled by powerful organizations and governments. Together, we worked to refine our technology, consulted with AI experts, obtain Angel funding, and experimented with different go-to-market plans. Great strides were made along the way towards developing and improving our AGI, but we also faced great personal tragedy with the passing of Nigel in 2013. This unexpected loss of a colleague and friend led us to name our core AGI technology in his honor: Nigel AGI.

Kimera has been continuously improving our technology, testing its veracity, and assembling a strong core team. Changing the world isn’t easy but I am confident we have the building blocks needed to bring to life the vision I had as a young boy many years ago. I invite you to join us on our journey.