Rice Robotics, the company behind the RICE AI platform, said it will start selling its RICE token on Aug. 5 via the TokenFi Launchpad.
RICE will power a decentralized data marketplace for AI-powered robots, which is part of a broader effort to tokenize robotics data and scale decentralized physical infrastructure, or DePIN, the Hong Kong-based company said in a release.
The $750,000 presale represents 10% of the total 1 billion token supply, with a valuation of $7.5 million. Launch partners include BNB Chain, DWF Labs, and Floki, a memecoin ecosystem with over 700,000 holders and its own tokenization platform, TokenFi.
Rice Robotics is known for its indoor autonomous delivery robots, which are deployed at Softbank’s Tokyo headquarters, Mitsui Fudosan’s Tokyo Midtown Yaesu property and 7-Eleven Japan stores, where they integrate with the 7-Now delivery app.
The company is part of the Nvidia Inception program and was selected for MVB Season 10, an accelerator co-hosted by BNB Chain, CoinMarketCap Labs and YziLabs.
In April, Rice Robotics and Floki announced the introduction of the Floki-branded Minibot M1, an AI-powered consumer robot that runs on the RICE AI platform.
800 Minibot units sold out in a 24-hour presale held in May, CoinDesk reported. Owners will be eligible for a RICE airdrop at token generation.
The token will underpin Rice’s decentralized robotics foundry, where companies and individuals can contribute real-world robotics data and receive token rewards. That data is sold to companies or labs needing specialized training sets.
In-house foundation models trained on this data will be offered on a subscription basis, with discounts for payments in RICE. The token will also serve as a governance asset and incorporate a deflationary mechanism via token burns funded by platform fees.
Earlier this year, the company raised $7 million in pre-Series A funding from investors including the Alibaba Entrepreneurs Fund, Soul Capital, Audacy Ventures, Sun Hung Kai & Co., and Cyberport HK.
It also won top honors at a BNB Demo Day event in Dubai, where Binance founder CZ was a judge.