Dear #BinanceSquareFamily readers, #Web3 and #AI enthusiasts. Hello everyone. The rise of $VOXEL and $ALPACA in #CryptoMarketMoves , the uncertainty of $BTC continues. Today, I will talk about the apple of the eye of the #AutonomysNetwork project, $AI3 token.
The $AI3 token, which is at the heart of the Autonomys Network project, will take its place in the market as the native token used in all reward, transaction and fee mechanisms on the network. Although it is known as $tAI3 by users on the testnet, it will take its place in the market as the real $AI3 token with the upcoming mainnet.
Everyone gets what they deserve in terms of rewards and fees. Autonomys Network offers and implements a fair reward model for every participant who keeps the network running. There are three main roles in the system. Each is rewarded with $AI3 tokens:
๐งโ๐พ Farmers
They are people who provide data storage space.
Their earnings:
*They receive storage fees when they include data in blocks.
*They receive block rewards when they create new blocks.
*They receive their rewards in the same way when they participate in voting conducted on the network.
โ๏ธ Operators
They are those who provide computational power and execute transactions.
Their earnings:
*They receive computational fees for executing transactions and messages.
*They receive fees for transferring and executing XDM messages.
*They are commissions from the staking pool.
๐โโ๏ธ Nominators
They are $AI3 holders who stake Operators.
Their earnings:
*They receive their share of transaction fees.
*As the pool grows, they have the chance to process more blocks and receive more rewards.
Fees are dynamically adjusted according to network demand. It can be a bit more expensive when the network is busy.
๐ How are New Tokens Created?
The Autonomys Network adopts a reward model that decreases over time but is higher at the beginning. In other words, there are more rewards for early participants. The aim of this model is to provide sustainable token production for 40 years. This creates a strong foundation for both the long term health of the network and the token economy.
๐ต๏ธ Why Follow $AI3?
The $AI3 token, which will soon be on the mainnet, is not just a token. It is the fuel of the growing AI driven decentralized world of the Autonomys Network. The $AI3 token will be the center of everything for developers, farmers, validators, and users.
My writings do not contain investment advice. Please do your research. The $AI3 token is expected to be released soon. If you are interested, follow the development of the Autonomys Network project.
