In the world of blockchain, it’s not just about the technology itself — it’s also about the underlying economic model or ‘tokenomics’. Today, we’re going to talk about the tokenomics of Neurochain.AI and focus on the $NCN token. We’ll discuss how the tokens are created, distributed, and what role they play in our ecosystem. We’ll also talk about our future plans, including our Initial Exchange Offering (IEO).
Fixed Supply of $NCN Tokens
At Neurochain.AI, the $NCN tokens have a ceiling. We’ve set a cap at 3 billion $NCN tokens. Why does this matter? Having a fixed supply allows us to manage the distribution of the tokens in a predictable manner and guard against any unanticipated inflation that could destabilize the system. By setting a finite number, we are also ensuring scarcity, which can play a significant role in the token’s value in the long run.
Creation of Tokens: All About Mining
Mining crucial for maintaining the integrity and security of our network, as every block of transactions added to the blockchain needs to be verified to prevent any fraudulent activity. As miners validate these blocks, they help to make sure that every transaction on the network is legitimate.
To reward these miners for their significant role and the resources they contribute, we give them newly created $NCN tokens. This not only incentivizes the mining process but also ensures a steady generation and distribution of new tokens, which is essential for the growth and vitality of the Neurochain.AI ecosystem.
How Are $NCN Tokens Distributed?
- Consumer incentives (17%): These tokens are stored away to reward active members of the Neurochain.AI ecosystem. They can be used for a range of things, including blockchain transactions, trading, contract creation, or paying for Neurochain.AI services
- Company capital raise (62%): This is the largest chunk of our tokens. We’ll use these to fund Neurochain.AI’s development, operations, and growth.
- Initial Exchange Offering (IEO) (3%): Unlike many blockchain projects, Neurochain.AI isn’t planning an Initial Coin Offering (ICO) or an Initial DEX Offering (IDO). Instead, we’re planning an IEO, which gives the public a chance to buy $NCN tokens.
- Liquidity pool (10%): We’re setting aside some tokens to make sure that there’s enough liquidity for $NCN token trading on exchanges. This will help keep our market stable.
- Marketing incentives (8%): Lastly, we’re using some tokens for marketing activities. This will help us promote Neurochain.AI, and attract more users, developers, and partners.
Burning Tokens: Fueling Scarcity and Boosting Value
In the Neurochain.AI ecosystem, we’ve implemented a feature that’s crucial to the value of our $NCN tokens: token burning. If you’re unfamiliar with the term, ‘token burning’ refers to a deliberate process where some tokens are permanently removed from circulation, thereby reducing the total supply.
Why is this important? It all boils down to a fundamental principle of economics: supply and demand. By decreasing the supply of $NCN tokens, we’re creating scarcity. This scarcity, coupled with a steady or growing demand, can lead to the token’s value appreciating over time. It’s a strategy designed to foster a strong, sustainable ecosystem while also potentially providing long-term value to our community of token holders.
Powered on Gas Fees, AI Usage, and Community Involvement
The Neurochain.AI economy revolves around gas fees, AI usage fees, and community incentives. Users pay gas fees when interacting with our platform, which are also used for token burning, fostering $NCN scarcity. AI usage fees from businesses using our solutions increase demand for $NCN tokens and aid ecosystem growth.
Our active community, rewarded with $NCN tokens, contributes valuable data and validation, reinforcing the ecosystem. Additionally, our grant program stimulates innovation, providing support to promising projects and research. Together, these elements fuel a sustainable, user-centric economy built around the $NCN token.
What’s Next? Exchange Listings and More
We’re already in talks with prominent exchanges about potential listings. We’re also considering creating wrapped tokens on other blockchain platforms, which would let $NCN tokens interact with other blockchain ecosystems. Keep tuned for more news.
Neurochain.AI is the most technically advanced scalable decentralized AI infrastructure, led by top AI engineers. The solution is a community-powered hub focused on sharing public knowledge with the world. The community participates in training the AI and gets rewarded for data validation, fostering a sense of ownership and commitment.