Rice Robotics, the company behind the RICE AI platform, said it will begin selling its RICE token on August 5 via the TokenFi Launchpad.
RICE will operate a decentralized data marketplace for AI-powered bots, part of a broader effort to tokenize bot data and scale decentralized physical infrastructure, or DePIN, the Hong Kong-based company said in a statement.
The $750,000 presale represents 10% of the total $1 billion token supply, with a value of $7.5 million. Launch partners include BNB Chain, DWF Labs, Floki, a memecoin ecosystem with over 700,000 holders, and its tokenization platform, TokenFi.
Rice Robotics is known for its indoor self-delivery robots, which are deployed at Softbank’s headquarters in Tokyo, Mitsui Fudosan’s property in Tokyo Midtown Yaesu and 7-Eleven Japan stores, where they integrate with delivery app 7-Now.
The company is part of the Nvidia Inception program and was selected for Season 10 of MVB, an accelerator hosted by BNB Chain, CoinMarketCap Labs, and YziLabs.
In April, Rice Robotics and Floki have announced the launch of the Floki-branded Minibot M1an AI consumer robot that runs on the RICE AI platform.
CoinDesk reported that 800 Minibot units were sold in a 24-hour presale in May. Owners will be eligible for a RICE drop upon token creation.
The token will support Rice’s decentralized robotics foundry, where companies and individuals can contribute real-world robotics data and receive token rewards. This data is sold to companies or laboratories that need specialized training packages.
In-house constitutive models trained on this data will be offered on a subscription basis, with discounts for payments into RICE. The token will also serve as a governance asset and will include 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 Alibaba Entrepreneurs Fund, Soul Capital, Audacy Ventures, Sun Hung Kai & Co., and Cyberport HK.
It also won top honors at the BNB Demo Day event in Dubai, where Binance founder CZ was a member of the judging panel.
