OpenLedger is a blockchain platform specifically designed for decentralized AI development. Unlike traditional AI systems where data and models are often controlled by large corporations, OpenLedger aims to make the process transparent and fair by recording every contribution on the blockchain.
Here are some key aspects of OpenLedger and its native token, OPEN:
1. AI-Centric Blockchain:
* OpenLedger is built to track and reward contributions to AI workflows, from providing data to training models.
* It addresses issues like a lack of transparency and fair compensation for contributors.
2. Proof of Attribution (PoA):
* OpenLedger's core innovation is its Proof of Attribution (PoA) technology.
* This mechanism tracks how data and other contributions influence the output of AI models.
* This allows for fair distribution of rewards to participants based on the value of their contribution.
3. The OPEN Token:
* The OPEN token is the native cryptocurrency of the OpenLedger ecosystem.
* It serves multiple purposes:
* Gas Fees: It is used to pay for transactions and fees on the network, such as for training and deploying AI models.
* Governance: Token holders can participate in network governance by voting on protocol upgrades and other important decisions.
* Rewards: It is used to reward data providers, model developers, and other contributors based on the value of their work.
4. Ecosystem Components:
* Datanets: Decentralized repositories for crowdsourced datasets, secured by the blockchain.
* Model Factory: A platform for building and fine-tuning AI models.
* OpenLoRA: A technology that reduces deployment costs by allowing multiple models to run on limited hardware.
5. Tokenomics:
* The total supply of OPEN is capped at 1 billion tokens.
* A significant portion of the tokens are allocated to the community to promote long-term growth and decentralization.
* Tokens for the team and investors are subject to lock-up and vesting schedules to ensure a commitment to the project's sustained success.
