Rice Robotics to Launch RICE Token Presale on TokenFi Launchpad on August 5

Foresight News reports, citing CoinDesk, that Rice Robotics, the developer behind the RICE AI platform, will sell its RICE token via the TokenFi Launchpad on August 5. The token presale will raise $750,000, representing 10% of the total supply of 1 billion tokens, with a valuation of $7.5 million. Partners for this presale include BNB Chain, DWF Labs, and Floki.

Rice Robotics' indoor delivery robots have been deployed at SoftBank's Tokyo headquarters, Mitsui Fudosan properties, and 7-Eleven stores in Japan, and are integrated with the 7-Now delivery system. The RICE token will be used to incentivize data contributions, subscribe to AI models, and for platform governance, with a deflationary mechanism through fee-based buybacks. Earlier this year, the company secured $7 million in Pre-A round funding from investors including the Alibaba Entrepreneurs Fund.