What Is PAAL AI and How Does It Work? 2024 Review

PAAL AI enhances crypto experiences with advanced utilities and empowers users with an AI and ML chatbot for complex tasks. PAAL’s goal is to provide crypto investors with their own personal AI assistant which they can use for reliable information and customized services.

Written by: Anatol Antonovici   |  Updated April 3, 2024

Reviewed by: Mike Martin

Fact checked by: Ryan Grace

PAAL AI

PAAL is an AI-powered chatbot ecosystem for the crypto market. It enables users to create custom chatbots for Discord, Telegram, and other platforms. Read on to learn how it works.

🍒 tasty takeaways

  • PAAL AI revolutionizes crypto with a personal AI assistant for investors, utilizing AI and ML for tailored information and services.

  • It offers the MyPaal ecosystem, integrating AI solutions for customized bot creation on platforms like Discord and Telegram, enhancing trading and analysis.

  • Powered by the PAAL AI token, it supports payments, premium access, staking for up to 15% APY, and governance participation, aiming for comprehensive crypto engagement.

Summary

Feature Description
PAAL AI Blockchain-based chatbot leveraging AI and ML for crypto tasks.
MyPaal Ecosystem Custom bot creation for Discord and Telegram with tailored user assistance.
PAAL Token Utility Enables payments, premium access, staking rewards, and governance participation.

What Is PAAL AI?

Paal AI is a blockchain-based chatbot ecosystem that leverages artificial intelligence (AI) and machine learning (ML) technologies. It was launched in 2023, and many features are still being developed.

The tool enables users to create custom bots that perform crypto-related tasks requiring human intelligence, including:

  • Natural language understanding
  • Data analysis
  • Image recognition
  • Decision-making

Paal is called the ChatGPT of crypto, and it leverages Open AI’s GPT-4 technology.

The Paal ecosystem is fueled by the PAAL AI (PAAL) token. The token enables users to pay for services, access premium features, stake for rewards, and participate in governance.

Paal has partnered with multiple crypto platforms that support its AI bots, including crypto exchanges, social media channels, and blockchain intelligence firms.

Source: PAAL: LinkedIn

Paal’s goal is to provide crypto investors with their own personal AI assistant they can use for reliable information and customized services.

How Does PAAL AI Work?

Paal offers the MyPaal ecosystem, a suite of crypto-integrated AI solutions that include:

MyPaal

This is a bot solution for Discord and Telegram that acts as a personalized assistant. It analyzes user behaviors and patterns to offer a tailored experience. It is a universal assistant that combines chatbot, moderator, researcher, and community manager roles.

Users can feed MyPaal with various content types to train the
bot, such as text documents, images, and videos.

Source: Paal.ai

The basic MyPaal bot version is available through the Paal AI decentralized application.

Users can get answers on various crypto topics, including market sentiment, tokenomics, Web3, crypto prices, blockchain technology updates and more.

Source: Paal.ai

MyPaal’s intelligence can be expanded from multiple customizable bots across different platforms. It can also be configured to include several modes.

Source: Paal.ai

AutoPaal

This AI solution can perform in-depth research and analysis, helping users make informed decisions. It can connect to multiple data platforms and crypto news sites to conduct analysis. It can display graphical representations to convert data into clear visual insights.

AutoPaalX

This is a trade enhancer bot that can streamline the trading process. It allows users to receive custom recommendations to improve their trading decisions.

 

PaalX 

This AI-based trade and wallet management solution merges decentralized exchanges (DEXs), research platforms, and social media into a one-stop toolbox for trading.

You can use PaalX to swap, transfer tokens, track your crypto portfolio, analyze profits and losses, check token metrics, and trade trending tokens. Thanks to stop-loss and limit orders, it supports automated trading.

The tool can connect to self-custody wallets.

 

PaalBetBot

This upcoming product will integrate sports wagers, portfolio management, and betting history into one interface.

Paal as a Service (PaaS)

PaaS offers a wide range of AI-driven solutions tailored to meet the specific needs of different industry verticals. By filing a custom inquiry form, users can create custom bots knowledgeable about various domains, such as crypto and financial trading, online betting, and non-fungible tokens (NFTs).

For example, a cryptocurrency exchange platform like Uniswap or SushiSwap can integrate Paal AI to create a custom bot to support its users.

Source: Paal.ai

Customizing the branding of a MyPaalBot costs 1 ETH. Additional costs for enhancing the bot with a unique voice or integrating more features may be charged.

PaaS offers several white-label solutions, such as:

  • Custom Twitter Bot – when users tag the bot on X, it responds in real time. Awkward Monkey AI is a live example of this bot.

  • Custom Buy Alert Bot – this is a notification service for cryptocurrency trading platforms. It can alert users when a transaction occurs and display basic details.

  • Custom Stake Alert Bot – a notification tool for crypto stakers that can deliver alerts for staking transactions and updates.

Paal NFTs

Paal AI has deployed two NFT collections: “AI Odyssey: The Beta Bots” and the “PAAL Xclusive NFT Collection.”

The former represents 213 unique digital collectibles, each symbolizing a step in the evolution of AI. At the same time, the latter offers exclusive benefits, such as zero trading fees, special features, and passive income streams.

Source: OpenSea

PaalGPT

PaalGPT is a custom GPT assistant available for subscribed ChatGPT users.

Source: paal.ai

Paal Token

The Paal AI ecosystem uses the PAAL token, which is an ERC20 token and resides on Ethereum. The total supply is 1 billion, and the circulating supply is almost 800 million.

There is a 4% tax on buying and selling PAAL, which is distributed the following way:

  • 0.5% — Marketing and User Acquisition.

     

  • 0.5% — Development Lab fund supporting research and development of new features.

     

  • 1% — Team.

     

  • 2% — Ecosystem. This is used for the revenue-sharing program and token buybacks to support the price.

Token Performance

PAAL has benefited from the AI crypto wave, gaining traction at the beginning of February. As of this writing, it has a market cap of $500 million, according to Coinmarketcap data. 

The current price of PAAL AI is $0.643. The token hit an all-time high on March 10 at over $0.83. 24-hour trading volume figures have been increasing to over $10 million.

PAAL has outperformed Bitcoin (BTC) since Q4 2023.

Source: TradingView

PAAL Staking

Paal AI has several revenue sources, including its white-label AI solutions and trading taxes. Part of this revenue is shared with PAAL holders who stake the token.

By joining Paal’s staking dapp, token holders can select one of three staking pools:

  • Short Term (14 Days) – a 3% annual percentage reward (APR) and 1.20% share of the ETH rewards.

     

  • Medium Term (28 Days) – 10% APR and a 6% share of the ETH rewards.

     

  • Long Term (56 Days) – 15% APR and a 92.8% share of the ETH rewards.

Is PAAL a Good Investment?

Paal leverages the AI trend in crypto, which is expected to expand further as AI technology progresses.

The ecosystem has several revenue streams and is only getting started. More products, including the mobile app, are scheduled to launch soon. Also, Paal is securing significant collaborations, which you can track on its X account

PAAL has performed well. However, the project is still in its early stages and may face serious competition.

But PAAL With Self-Custody

When you store your crypto in a self-custody wallet, you don’t have to trust that an exchange is acting in your best interest. This is because you are the only party privy to your private key, or seed phrase.

Here are some additional benefits you get when you choose to self-custody your digital assets with tastycrypto:

  • In-App Swap: Trade BTC, ETH, and 1,000+ tokens
  • Generate Yield in DeFi: Stake, lend, and become your own market maker
  • NFTs: Buy, sell, and view NFTs in-app

tastycrypto offers both iOS and Android self-custody wallets – download yours today! 👇