The common use of similar names among numerous IT projects today can create an impression that some of them may be interconnected. For instance, one of the emerging tools designed to help students, Caktus AI, often mistakingly called Cactus AI, has the same name as at least three Web3 projects.
If you are curious whether any of the crypto Cactus products have anything to do with Caktus AI and if you are considering investing in any of them with hopes of benefiting from the success of the AI-empowered student service, read this article to find more details about Caktus AI and similarly named Web3 projects.
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What is Caktus AI writer?
As per the official website of the project, Caktus AI, often referred to by students as Cactus AI, is hailed as the "best-in-class AI helper for students." It is described as a study tool designed specifically for homework and learning, featuring an affordable AI assistant aimed at nurturing intellectual growth.
The Caktus AI team asserts that their AI-powered learning platform can enhance essay writing effectiveness and facilitate comprehension of maths and science through student-friendly explanations and step-by-step solutions for challenging problems. Furthermore, Caktus AI is tailored to assist novice coders with its key features and useful tools, making the software "a one-stop-shop for coding help."
Among the tools listed on the Caktus AI website, there are:
- Essay Writer;
- Paragraph Generator;
- Hook Generator;
- Conclusion Writer;
- Math Word Problem Solver;
- Sentence eXpander;
- Sentence Rewriter;
- Story Generator;
- LinkedIn Summary Generator;
- Question Solver.
The team also asserts that Caktus AI exclusively relies on academic resources as its reference materials. Additionally, the tool boasts a user-friendly interface and is engineered to simulate the individual writing styles of its users. The team promises that if you provide a sample of your writing, the service will adopt your style for generating new essays.
The platform also includes Caktus Text Editor to make the generated content "ready for handing in."
At the time of publication, the owner of Caktus AI was not clear. However, it is known that Tao Zhang, a software engineer and entrepreneur affiliated with the University of Michigan, is one of the co-founders of the platform built on AI technology.
Does Caktus AI plagiarize?
The question of whether texts generated by the AI-powered learning platform, Caktus AI, can be identified by anti-plagiarism tools remains unclear. On one hand, the website claims that "Caktus-generated text will not be flagged by current AI detectors designed to detect GPT-generated content." On the other hand, it clarifies that "Other generative AI platforms, such as Caktus.ai, use different methods and databases," emphasizing that their outputs "may not trigger plagiarism detection software."
This explanation does leave some room for uncertainty.
Caktus AI vs ChatGPT
The Caktus AI team claims that the primary distinction between their platform and the leading AI tool, ChatGPT, lies in the training material their algorithms utilize.
"Caktus draws academic sources from its own database and is intended specifically for students. Caktus also personalizes to your specific writing style, providing many educational tools designed to enhance learning," the developers of this AI-powered platform for students explain.
Is Caktus AI free?
Caktus AI is not available as a free tool. Unlimited usage is provided to subscribers of the monthly Premium plan or the yearly Premium plan. Access to this tool comes at a cost of $14.99 per month or $99.99 per year.
Is there Caktus AI crypto?
If you are seeking prominent AI projects that have introduced cryptocurrencies for investment, Caktus AI is not a suitable option. As of the current moment, there is no information available regarding any tokens released by the Caktus AI team. However, it does not mean the team behind the AI platform will not consider such a possibility in the future.
Web3 projects that can be mistaken for Caktus AI
As you have discovered, Caktus AI has not ventured into the Web3 space so far. Still, there are several projects that might create an impression of being linked to the AI essay writing tool. It could be beneficial to be aware of their existence, as not all of them have achieved the same level of success as Caktus AI, and investing in their tokens while mistaking them for the AI tool may not bring expected profits.
Here are a few of these projects.
When searching for blockchain projects associated with the name "cactus," you can come across the Cactus Blockchain. According to its official website, the Cactus Blockchain is an L1 protocol employing the Proof of Space and Time (PoST) consensus.
But what exactly is the PoST consensus?
Proof of Space and Time evaluates two key aspects: the storage space allocated for the blockchain's use and the consistency in the block generation times. These two factors are crucial for verifying transactions. In other words, this consensus mechanism confirms that the reserved storage space has remained unchanged for a specific duration of time.
The official website of the Cactus network claims that the PoST consensus consumes significantly less energy compared to the PoW (proof-of-work) method utilized by blockchains like Bitcoin, making Cactus a more environmentally friendly option. The team also underscores that the blockchain's open-source code is highly secure. Additionally, the Cactus Blockchain developers state that their network supports NFT minting and token issuance.
On the Cactus Blockchain GitHub profile, the team mentions the source of energy for the Cactus network, which is presumably solar-generated electricity. Yet, there were no specific details provided on this eco-friendly aspect of the blockchain.
According to the project's website, it has its own cryptocurrency called CAC. However, finding detailed information about this token proved to be rather challenging.
On the cryptocurrency data aggregator CoinMarket Cap, you can find the CACTUS token, which is issued on the BNB Smart Chain. Note that the CACTUS coin is a separate project, not affiliated with the Cactus Blockchain.
The token's description on CoinMarketCap characterizes it as a community token that "equally rewards every participant in its deflationary ecosystem. Each transaction, whether buying or selling, evenly rewards all holders and enhances liquidity over time." The team claims that holding CACTUS provides investors with an opportunity to automatically earn BUSD.
This same information is available on the project's official website, where it is described as "a deflationary community token that equally rewards every participant in its ecosystem."
However, there is limited information available regarding the actual price of this token, which features a cartoon cactus painting as its logo.
According to data from BSCScan, the CACTUS token has a total supply of 10 billion coins and is held by only 18 individuals. There have been 270 transfers, with the last two occurring more than 22 days ago, involving the addition and removal of liquidity.
Another Web3 project that could be mistakenly associated with Caktus AI is Cactus Exchange or CactusEx. The team describes Cactus Exchange in its white paper as "a decentralized exchange platform built on the Binance Smart Chain (BSC) blockchain, intended to be heavily backed by the community and as such includes a reward networking structure to support the growth and stability of the Cactus token (CACTT)."
In the white paper, the team outlines the primary goal of the exchange, which is to "have 10 million users within its first two years; make it $10,000 for each person."
The Cactus Exchange developers make ambitious claims, stating that their staking and farming products can potentially offer investors and traders an annual percentage yield (APY) "of 300% within the space of 3 months on our staking pool, compounding with as little as $100 for 365."
Furthermore, the team explains that holding CACTT tokens "entitles you to rewards for all completed transactions."
According to BSCScan, the maximum total supply of CACTT was 23,452,609.971804 at the time of publication. There were 2,098 CACTT token holders and a total of 3,132 transfers, with the last one recorded on August 31. Finding the current price of CACTT turned out to be quite challenging.
Bottom line - Caktus AI tool for essay writing vs Web3 projects
As demonstrated in this article, there are several Web3 products inspired by a popular succulent plant, but they share no commonalities with Caktus AI, which offers students a robust academic curated search engine for generating high-quality content and complex articles.
Providing feedback on the blockchain-related products named after cactuses, as mentioned in this article, is not feasible as they appear to have limited active users at the time of publication. All the Cactus cryptocurrencies featured in the article lacked real-time data on price, trading volume, and market capitalization.
Nonetheless, the information presented in this article can help raise awareness of crypto projects that may bear similar names. These names can also be associated with projects outside the Web3 realm. It is essential to conduct thorough research before investing in any tokens, as scammers often seek to capitalize on popular projects.
While it is highly likely that the projects discussed in this article simply share names with Caktus AI, there are indeed many malicious actors attempting to impersonate trending products and pretend to issue their official cryptocurrencies.