$IAI Overview
IndexAI’s community is on a mission to bridge the fields of AI and blockchain. The community develops products providing users with a robust suite of capabilities that enhance their overall crypto experience.
IndexAI’s first product is a Large Language Model (LLM) capable of understanding blockchain, reading blockchain, and writing to blockchain. But the LLM is in its infancy– there is a tremendous amount more for the community to keep building.
The community is incentivized to contribute to the open source project with $IAI, a utility token that serves as the cornerstone for ongoing development and as a payment system for platform access.
$IAI serves as the primary currency for queries on the IndexAI platform, with the cost contingent on the complexity of the query. Complex queries require more compute resources, which is paid for via $IAI.Users can withdraw $IAI from the AA wallet in the web app, hosted by IndexAI.
The $IAI collected through LLM transactions is not only used to pay for the AI compute, but it is also distributed to the IndexAI foundation and community members. Open source developers and project contributors can now earn $IAI tokens for furthering IndexAI’s projects.
This incentive structure allows IndexAI to operate in a self sufficient manner, rewarding our community to pushing the limits of AI and blockchain. Thanks to this model, IndexAI plans to become the world’s leading AI company, surpassing closed source alternatives.
Our core mission is centered around nurturing an active and engaged developer community. We are fully committed to acknowledging and incentivizing the dedication of developers by providing project grants as a means of recognition. This initiative empowers individuals and teams to earn $IAI based on the significance of their contributions and the impact of their work, thereby fostering a sense of ownership and participation within our community.
Decentralized Ownership
At the heart of decentralization lies the concept of ownership. The widespread adoption of AI should not be monopolized by a select few companies or individuals. By leveraging tokenization, we enable complete decentralized ownership, opening the doors for anyone to join IndexAI, contribute their time, effort, and resources to expand its use cases, and directly benefit from their contributions as an owner.
Tokenization serves as a catalyst for democratization, breaking free from the traditional “pay to play” model, where users pay with fiat to use AI services. IndexAI’s tokent empowers users to become stakeholders in the project, allowing them to reap the direct rewards of its success and integration into everyday life.
$IAI Tokenomics
The IndexAI tokenomics have been carefully curated to ensure the community and core contributors from the Index DAO have the firepower they need to strive for dominance in the field of AI/blockchain integration.
Central to our mission is the cultivation of an active developer community. We are committed to rewarding developer efforts via project grants, offering an incentive mechanism for community members who contribute to the open-source project. This initiative allows builders to earn $IAI based on their work and the utilization of their contributions.
This flexible approach aims to create endless potential sources of revenue for $IAI token holders as the entire Web3 industry awakens to the power of AI and teams across the space seek to build models that suit their needs.
Tokenomics Breakdown:
- Total supply: 1,000,000,000
Conclusion
IndexAI is hellbent on becoming the leading provider of blockchain artificial intelligence. Using $IAI as a means to decentralize the upside, IndexAI is able to bring together the world’s best developer community to push the limits of AI.
Disclaimer
Investing in crypto tokens involves significant risks that should not be overlooked. The crypto market is notorious for its extreme volatility, regulatory uncertainty, security vulnerabilities, and liquidity challenges. Additionally, market manipulation and technological risks further contribute to the complex landscape of crypto investing.
It is crucial for investors to conduct thorough research, practice risk management, and seek advice from financial professionals before making any investment decisions. Only invest what you can afford to lose, as the potential for significant gains is accompanied by the possibility of substantial losses. This disclaimer serves as a reminder to approach crypto investing with caution and diligence.
