enqAI

<h3 id="token-and-network-mechanics">Token and network mechanics</h3><p>The objective of noiseGPT is to create a decentralized network of GPU nodes running AI inference models. The model underneath our token economics revolves around a single token, noiseGPT (or sometimes referred to as NGPT), that will serve as both an incentive for GPU nodes to contribute computing power to the network, and as a medium of exchange for users (AI inference requestors).Additionally the token will be used for governance and discounts all throughout the ecosystem. The token plays a crucial role in delivering upon the underlying philosophy of noiseGPT: to stay completely free from hidden built-in biases and censorship. As such the token will eventually be chain agnostic to remove the last dependencies on any single entity: this just simply means the token will be present on multiple chains.</p><h3 id="network-architecture-and-mechanics">Network Architecture and Mechanics</h3><p>Individuals can join the network by downloading node software, which allows them to contribute their GPU&#39;s computational power to the network. Nodes can stake noiseGPT to increase their chances of being selected to fulfill a request. The selection algorithm for which node gets to fulfill a request is a weighted lottery, with each node&#39;s chance of being chosen proportional to the amount of noiseGPT it has staked. Additional factors are the reliability of the node over a previous time window as well as the normalized inference time for this node.</p><h3 id="tokenomics">Tokenomics</h3><p>At genesis, there will be 1 billion noiseGPT <a href="https://etherscan.io/tx/0xb5c76266e4cb9687c7fd73ded9dda389e7ea2d7989e1decaee427b614d09a725" rel="noopener noreferrer nofollow">minted</a>. In order to incentivize adoption and decentralization, guaranteed emissions will be sent on a periodic basis until there are 100 operational nodes globally. The amount of emissions delivered to these nodes is again dependent on their reliability. Once the threshold of 100 nodes globally is reached, the AI inference service will be incentivized by organic usage fees and extra fees offered by applications built on top of noiseGPT.Full token supply will be launched fairly, with no team allocation, private investors or locked up tokens. A 5% transaction kickback will ensure runway for development as well as facilitate initial incentivization of new nodes and liquidity providers. This kickback or &#39;tax&#39; will be slowly phased out. Holders that do not run a node, can opt to stake their tokens and assign them to a node operator (and potentially earn yield by doing so, if the node operator chooses to share some of their rewards).</p><h3 id="applications">Applications</h3><p>Although noiseGPT came out with a life-like TTS engine, this is definitely not what the models will be limited to, as can been seen in the <a href="https://noisegpt.com/roadmap/" rel="noopener noreferrer nofollow">roadmap</a>. A decentralized network of AI models and inference GPUs offers a wide range of applications with significant revenue-generating potential. One such application that one can already see is the development of Twitter bots that leverage AI models to automate tasks such as content generation, sentiment analysis, or recommendation systems. Beyond Twitter bots, there are numerous other exciting possibilities for revenue-generating apps. For instance, AI-powered chatbots can be deployed across various platforms to provide customer support and enhance user experiences. Additionally, personalized recommendation systems can be built for e-commerce platforms, enabling targeted product suggestions and increasing sales conversion rates.</p><p>Furthermore, AI models integrated into autonomous trading systems can optimize investment strategies and generate profits in financial markets. AI-based fraud detection systems can help identify and prevent fraudulent activities in sectors such as banking, insurance, and cybersecurity. Another revenue-generating application is the development of AI-driven content curation platforms that provide tailored news, articles, and entertainment to users. AI-powered virtual assistants can offer personalized and intelligent assistance, revolutionizing tasks such as scheduling, reminders, and information retrieval. We also predict a stark rise in chatbots tailored to specific niche expertises/industries. Think of a virtual real estate broker, doctor or psychologist. We will allow projects to use our API to ensure they can offer a solution completely independent of OpenAI, Google or Microsoft.</p><p>In this decentralized network, stakers play a crucial role by allocating their tokens to specific application nodes. To incentivize stakers, these revenue-generating applications can share a portion of their generated revenue with the stakers who have allocated their tokens to the respective application node. This mechanism ensures a symbiotic relationship between the stakers and the applications, encouraging participation and supporting the growth and sustainability of the decentralized AI ecosystem.</p><h3 id="more-details-on-our-tokenomics-page-a-href-https-noisegpt-com-token-php-rel-noopener-noreferrer-nofollow-noisegpt-a">More details on our tokenomics page <a href="https://noisegpt.com/token.php" rel="noopener noreferrer nofollow">noiseGPT</a></h3>

noiseGPT Token Mechanics and Tokenomics

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