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Bittime - Artificial intelligence (AI) technology is one of the most innovative technologies today, and applications like ChatGPT have demonstrated its far-reaching impact. The combination of AI withblockchainoffers a wide range of possibilities, as both are data-based. In this article, we will discuss the 10 best AI tokens for February 2024.
What are the best AI tokens in February 2024? Keep reading this article, OK!
GRT: Token for Indexing and Searching Data
GRT is the native token of The Graph, a decentralized protocol that allows developers to create and run subgraphs, which are structured collections of data extracted from the blockchain. These subgraphs can be used to search and access data efficiently, without needing to run full nodes.
The Graph uses AI to improve the quality and relevance of subgraphs, as well as to optimize query costs. GRT is used to pay query fees, incentivize node operators (indexers), and participate in protocol governance.
INJ: Token for Decentralized Trading and DeFi Platforms
INJ is the native token of Injective, a layer-2 protocol that enables seamless decentralized trading. Injective supports various financial products, from derivatives, spot, to NFT.
Injective uses AI to provide liquidity, adjust gas fees, and analyze market data. INJ is used to pay transaction fees, incentivize validators, and participate in protocol governance.
ROSE: Token for Open Financial Networks and Data Privacy
ROSE is the native token of Oasis Network, a blockchain platform that enables users and developers to create open financial and data privacy applications. Oasis Network uses AI to protect user data from unauthorized access.
In addition, Oasis Network also provides incentives to data providers to share data safely and fairly. ROSE is used to pay transaction fees, incentivize validators, and participate in protocol governance.
RNDR: Token for Distributed GPU Computing and Rendering
RNDR is the native token of Render, a decentralized protocol that allows users to rent unused GPU computing power from peer-to-peer networks.
Render uses AI to allocate resources, optimize performance, and validate results. RNDR is used to pay computing costs, incentivize GPU providers, and participate in protocol governance.
FET: Token for Autonomous Agents and DeFi
FET is the native token of Fetch.ai, a blockchain platform that allows users and developers to create autonomous agents, i.e. digital entities that can interact and transact independently.
Fetch.ai uses AI to improve cognition, coordination, and collaboration between agents, and to provide decentralized financial services. FETs are used to pay transaction fees, incentivize validators, and participate in protocol governance.
Also read How to Buy Crypto:
AGIX: Token for AI Services Marketplace
AGIX is the native token of SingularityNET, a decentralized protocol that allows users and developers to create, buy, and sell AI services. SingularityNET uses AI to connect and integrate disparate AI services, and to create more intelligent and aware AI.
AGIX is used to pay service fees, incentivize service providers, and participate in protocol governance.
OCEAN: Token for Data Exchange and Monetization
OCEAN is the native token of Ocean Protocol, a decentralized protocol that allows users and developers to share and sell data securely and transparently.
Ocean Protocol uses AI to encrypt, audit, and assess data, as well as to provide liquidity and market pricing. OCEAN is used to pay data fees, incentivize data providers, and participate in protocol governance.
FIL: Token for Decentralized Data Storage
FIL is the native token of Filecoin, a decentralized protocol that allows users to store and retrieve data from peer-to-peer networks. Filecoin uses AI to optimize disk space allocation, verify data integrity, and adjust incentives.
FIL is used to pay storage fees, incentivize storage providers, and participate in protocol governance.
LINK: Token for Decentralized Oracle for AI Integration
LINK is the native token of Chainlink. It is a decentralized protocol that allows users and developers to connect smart contracts with data and services from the real world.
Chainlink uses AI to aggregate and filter data from various sources, as well as to provide AI services such as prediction, analysis and optimization. LINK is used to pay oracle fees, incentivize oracle providers, and participate in protocol governance.
NMR: Token for Open Finance
NMR is the native token of Numeraire, a decentralized protocol that allows users and developers to participate in data modeling competitions. Numeraire uses AI to produce accurate and reliable predictive models, as well as to manage decentralized hedge funds.
NMR is used to pay competition fees, incentivize data modelers, and participate in protocol governance.
Conclusion
AI and crypto are two technologies that complement and strengthen each other. By using AI tokens, you can invest indirectly in crypto projects that utilize AI in various applications.
According to Coinmarketcap data at the end of January 2024, AI tokens were a market worth more than $21 billion. The most popular AI crypto projects today include The Graph, Injective, Oasis Network, Render, Fetch.ai, SingularityNET, Ocean Protocol, Filecoin, and Chainlink.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is a Liquidity Provider Token (LP Token)?
What is the SPL Token Standard and Solana Token-2022
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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