Rice Robotics to Launch RICE Token for AI Data Marketplace on TokenFi Launchpad

PANews, July 31—According to CoinDesk, Rice Robotics, the company behind the RICE AI platform, announced that it will begin selling its RICE token on August 5 via the TokenFi Launchpad. RICE will power a decentralized data marketplace for AI robots, as part of a broader initiative to tokenize robot-generated data and expand the DePIN ecosystem. The $750,000 presale represents 10% of the total token supply of 1 billion, valuing the project at $7.5 million. Launch partners include BNB Chain, DWF Labs, and Floki.

The company’s indoor delivery robots have already 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 raised $7 million in a Pre-A round from investors including the Alibaba Entrepreneurs Fund.