Rice Robotics to Introduce RICE Token for AI Data Marketplace via TokenFi Launchpad

Rice Robotics, the company behind the RICE AI platform, has announced that it will begin selling its RICE token on Aug. 5 via the TokenFi Launchpad. RICE will facilitate a decentralized data marketplace for AI-powered robots, contributing to a larger initiative to tokenize robotics data and scale decentralized physical infrastructure (DePIN), the Hong Kong-based company stated in a release.

The $750,000 presale accounts for 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 boasting over 700,000 holders alongside its own tokenization platform, TokenFi.

Rice Robotics is recognized for its indoor autonomous delivery robots, currently utilized at Softbank’s Tokyo headquarters, Mitsui Fudosan’s Tokyo Midtown Yaesu property, and 7-Eleven Japan stores, where they work in conjunction 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 unveiled the Floki-branded Minibot M1, an AI-powered consumer robot operating on the RICE AI platform. The initial release of 800 Minibot units sold out within 24 hours. Owners of these units will qualify for a RICE airdrop at the time of token generation.

The RICE token will support Rice’s decentralized robotics foundry, enabling companies and individuals to contribute real-world robotics data and earn token rewards. This data will be available for purchase by companies or labs that require specialized training sets.

In-house foundation models, trained using this data, will be offered via a subscription model, with incentives for payments made in RICE. Additionally, the token will act as a governance asset and include a deflationary mechanism through token burns funded by platform fees. Earlier this year, the company secured $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 received top honors at a BNB Demo Day event in Dubai, where Binance founder CZ served as a judge.