DEEP AERO Deploys Drone Marketplace by Leveraging Blockchain and AI

DEEP AERO is a young company that aims to accelerate the drone technology adoption by smartly leveraging innovative technologies like blockchain and artificial intelligence (AI). Based in the United Arab Emirates (UAE), the startup is currently conducting its initial coin offering (ICO) and hopes to launch three revolutionary products in line with its roadmap.

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For those unfamiliar with such machines, the drones, also referred to as unmanned aerial vehicles (UAVs), are aircraft units that operate without human pilots. The UAVs can be controlled remotely by a human operator or can fly autonomously based on computer-powered control.

Recreational Drone – from https://www.deepaero.com/docs/DEEP-AERO-White-paper.pdf

The DEEP AERO team is working on three main products:

• DRONE-UTM – it is an autonomous drone traffic management platform that is decentralized and self-aware;
• DEEP AERO Passenger and Cargo Drones – part of the Vertical Take-off and Landing (VTOL) aircraft category, passenger and cargo drones resemble futuristic forms of transport.
• DRONE-MP – it will be a decentralized marketplace for all kinds of drone-related products and services.

The DRONE-MP will represent DEEP AERO’s ultimate product, comprising all of its UAVs, software solutions, and services into one single decentralized market.

DEEP AERO’s DRONE-MP, the Drone Market Place

Drones are a relatively new phenomenon, while truly autonomous drones could develop only in tandem with computers. Until recently, such vehicles were quite expensive, and average people couldn’t even dream about them. In the early days, only governments and research institutions could afford to own UAVs. However, in the last decade, the advancement of a series of innovative technologies has supported the growth of the drone industry. The development of cheaper and high-performance platforms accelerated the drone technology adoption.

Today, the situation is much more favorable for the industry, as drones have become widespread worldwide. According to the US Federal Aviation Administration, currently, there are about 1.1 million recreational drones used in the US. The agency predicts that by 2021, there will be from 2.7 to 4.4 million such drones in the US alone.

The development of the recreational, commercial, and government drones led to the formation of a separate market. The DEEP AERO team understands the importance of organizing this market and streamlining the processes that take place within the space, so it decided to come up with a decentralized marketplace product. This is how the idea for the DRONE-MP, the Drone Market Place came out.

The marketplace service is essential, as the number of drones has grown and now they can be used in multiple sectors, with use cases such as:

• Aerial survey
• Package delivery
• Traffic monitoring
• Aerial transportation
• Pinpoint pesticide delivery
• Forest fire fighting assistance
• Photography and film making
• Underground sewer, power, utility, maintenance and safety inspection
• Commercial building maintenance and safety inspection
• Security and surveillance
• Pipeline survey, security management and maintenance
• Crowd control and management
• Livestock/range management
• Power line maintenance and safety inspection
• Wind turbine maintenance and safety inspection
• Wildlife conservation

According to the company’s roadmap, the Drone Market Place will be launched in September 2018. As of May 2018, the Market Place product is currently under development.

DEEP AERO’s Drone Market Place will represent the space where users will be able to buy drones and UAV-related services. Users will be able to purchase UAV services such as drone taxi rides, drone cargo delivery solutions, and so on. Elsewhere, drone owners will be able to acquire spare parts, operators, and UTM solutions on the DRONE-MP. The whole ecosystem will revolve around the DRONE tokens, which are currently sold during an initial coin offering (ICO).

DEEP AERO Token Sale

At the moment, DEEP AERO is conducting a token sale event that is open for both institutional and retail investors. During the ICO event, the company sells DRONE tokens, which will become the fuel of the DEEP AERO Drone Marketplace. The tokens will be used within the ecosystem for buying all kinds of UAV-related products and services. DRONE tokens will also be used by the DEEP AERO team to develop the UTM platform and buy the drone units for the passenger & cargo services.

The public sale is organized in the spring-summer period of 2018 as follows:

• Phase 1 –  from May 1 to May 15, with the target set at 20,000 ETH;
• Phase 2 – from May 15 until June 1, with the target at 30,000 ETH;
• Phase 3 – from June 1 till the sale expiration date, with the target at 75,000 ETH.

At the time of writing, the Phase 1 is already in progress, meaning that investors can buy DRONE tokens at generous discounts. Now you can enjoy a 25% bonus if you invest no less than 100 ETH, a 20% bonus for investments above 10 ETH, and 15% bonus if you invest less than 10 ETH.

From https://www.deepaero.com/docs/DEEP-AERO-Drone-Token-Sale-Document.pdf

There was also a pre-sale event, which started this year on March 30 and ended on April 15. During the pre-ICO event, investors could enjoy up to 35% bonuses.

During the token sale, the exchange rate will be fixed at 20,000 DRONE tokens for 1 Ether.

The total DRONE supply is 5 billion tokens, with 2.5 billion released during the ICO period and 500 million during the pre-sale event. The rest of 2 billion tokens will be allocated to founders, advisors, and marketing activities like bounty program.

The drone marketplace is growing at an exponential rate, and DEEP AERO is poised to become the leader of this industry.