Bittime – Through its official account on Twitter, AIT Protocol announced that AIT's new tokenomics will be shared today, Friday, May 15 2024. The following is the complete explanation.
Get to know the AIT Protocol Tokenomics
Source: AIT Protocol
AIT Protocol launched its new tokenomics on Friday, May 17, 2024. However, let's first discuss the previous AIT tokenomics.
AIT Protocol is a crypto platform that combines AI with Web3 so that it can optimize data labeling. AIT Protocol also offers a 'Train-to-Earn' model in the booming AI market. In the future, it aims to democratize AI with low-cost and efficient tools.
Source: AIT Protocol
AI is indeed on the rise and by 2022, AI will have a market value that will exceed $200 billion. This is what AIT takes advantage of. AIT offers a platform where users can directly engage and influence the future of AI development.
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Tokenomics Baru AIT Protocol
Source: AIT Protocol
The total supply of AIT Protocol tokens remains 1 billion. This means there will be no minting of new $AIT tokens once that amount is reached, potentially preserving the value of $AIT tokens in the future.
The following is the new tokenomics of the $AIT Token, namely the distribution of 1 billion $AIT tokens for various purposes:
- 67.9% burned tokens: burning tokens will not be circulated.
- 14.4% in circulation: A total of 144 million tokens have been circulated.
- 4% investors: A total of 40 million tokens will be used for variable vesting, mainly for the next 6 months, then the next 6-14 months for linear vesting.
- 3.7% contributors: There are 37 million tokens to be distributed to contributors over 24 months.
- 10% ecosystem & liquidity: The remaining 100 million tokens will be used for the ecosystem and liquidity used for staking and other needs for 12 months.
So, looking at the new AIT Protocol tokenomic distribution above, what do you think? Is there enough allocation in the community where AIT Protocol ensures they prioritize the AIT community first?
Kegunaan Token $AIT
The $AIT token has several important uses in the AIT Protocol ecosystem, including:
1. Pay Marketplace Fees
Users must use $AIT tokens to pay AIT Protocol marketplace subscription fees, such as data processing fees, AI model rentals, and product launches on the AIT Protocol Launchpad.
2. Governance
$AIT tokens can be used to participate in voting regarding the governance of the AIT Protocol. Token holders can vote on proposals that influence the development and future of the protocol.
3. Incentives
Users who participate in the “Train & Earn” program will earn $AIT tokens in exchange for their contribution to AI model training.
Also Read: $AIT Price Prediction: Analysis and Latest Trends
The Future of AIT Protocol Tokenomics: Challenges and Expectations
Although AIT Protocol tokenomics looks promising, several challenges need to be taken into account:
1. Token Utility
The continued value of the $AIT token depends on the adoption and use of the AIT Protocol platform. If not many users take advantage of the marketplace services and the "Train & Earn" program, demand for $AIT tokens may decrease.
2. Competition
More and more AI and blockchain platforms are emerging, so AIT Protocol must compete for users and developers. The $AIT token needs to have a clear competitive advantage to attract users and maintain its value.
3. Regulation
Evolving crypto regulations may impact the adoption and use of the $AIT token. Regulatory uncertainty may make investors hesitant to get involved in the AIT Protocol ecosystem.
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Conclusion
AIT Protocol's tokenomics structure is designed to ensure fair token distribution, maintain token value stability, and encourage user participation in the ecosystem. With its diverse uses, the $AIT token is expected to be a key driver of AIT Protocol's future activity and growth.
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