With our innovative Proof of Value (PoV) Protocol and a dynamic minting model, we represent a pivotal shift in blockchain protocol thinking. Our goal is to cultivate a transparent and equitable AI ecosystem, ensuring every contributor is aptly rewarded for their efforts.
We're thrilled to share that the PoV Protocol is a groundbreaking advancement in our approach. A detailed whitepaper elaborating on this protocol will be released a week prior to the ICO.
The novel PoV protocol plays a pivotal role in AGC token generation, aligning with platform needs and user contributions. Our model is designed to adjust fluidly in response to user input and the necessities of the platform.
To safeguard the value of the token and maintain a balance between supply and demand, we've implemented several burn mechanisms:
Fixed Burn: A constant percentage of tokens employed to gain access to platform services will be discarded. This steady source of token burn ensures a continuous deflationary pressure.
Adaptive Burn Rate: Acknowledging that our platform's activity levels may fluctuate, we have engineered an adaptive burn rate that adjusts according to the volume of minted tokens. During phases of increased activity and token minting, the burn rate will escalate. In contrast, the rate will lower during periods of lessened activity. This dynamic burn mechanism is a key player in effectively managing token supply and preserving the token's value.
Buyback Burns: A buyback scheme, financed by a portion of the treasury fund, will carry out regular token burns. This guarantees a continuous return of tokens to the treasury, aiding in supply regulation.
The strategies for token minting and burning discussed above ensure a dynamic equilibrium of supply and demand, while upholding the stability and value of AGC tokens within the ecosystem.
We fortify our treasury fund by instantaneously minting and converting AGC tokens into established native tokens like USDT, ETH, BTC, or BNB. This immediate conversion minimizes potential price volatility, reduces AGC market dependency, and ensures a continuous flow of liquid assets for operational expenses. Furthermore, this real-time process, combined with the fact that all treasury-related expenditures are subject to community voting, fosters transparency and trust within our community.
Token distribution takes place in real-time as users contribute, instigating the minting process. Contributors receive AGC tokens as rewards relative to the value of their contributions. Tokens given to early stakeholders like founders and advisors, prior to the ICO, will be subject to a vesting schedule.
The reward mechanisms correspond with the PoV protocol. Each contributor is rewarded based on their value to the platform. These tokens can be used at the contributor's discretion, reinforcing the democratized AI ecosystem we aim to create.
All AGC tokens earned from AI training and validation rewards are immediately staked, initiating both their accrual of interest and increasing their voting power in our governance system. This dynamic model enhances users' voting influence based on the duration of their staked tokens. From the moment tokens are staked, users' voting power incrementally escalates, doubling annually in a linear progression. For instance, a year of unbroken staking bolsters each AGC token's voting power to 2x, with this power doubling to 4x after two years, and so on.
Simultaneously, the staked AGC tokens start earning interest instantly, contributing to a user's overall earnings. This encourages long-term engagement and rewards our dedicated community members with growing influence and earnings.
However, users maintain the liberty to unstake their tokens anytime without penalty. Once unstaked, tokens revert to their original voting power, forfeiting any accrued benefits, and cannot be restaked to regain the lost voting power. This strategy encourages enduring commitment while preserving user flexibility.
Deep Engine AI is committed to enhancing the liquidity and accessibility of AGC tokens. As part of our strategy, we will establish liquidity pools on all major Decentralized Exchanges (DEXs) like Uniswap, Sushiswap, and PancakeSwap. We will offer pairs like AGC/ETH, AGC/USDT, and AGC/BNB to facilitate smooth token trading.
Recognizing the value of cross-chain interoperability, we plan to ensure AGC tokens are available across multiple blockchain networks. We aim to create bridges to prominent networks like Binance Smart Chain, Polkadot, and others. By doing so, we'll be enhancing the accessibility and liquidity of AGC tokens, allowing stakeholders to engage with our platform without being restricted by their chosen blockchain network.
Liquidity providers will be incentivized with yield farming rewards, fostering a robust and liquid market for AGC tokens. To ensure transparency and trust, community members will be able to propose and vote on the allocation of the treasury fund.
Furthermore, we will introduce regular financial reports and third-party audits to maintain transparency and ensure responsible treasury management. These audits will help validate the integrity of our processes and instill confidence among our stakeholders, promoting an ecosystem that is both secure and open.
By combining liquidity provision with cross-chain interoperability, we aim to create a flexible, inclusive, and democratized platform, allowing seamless interaction with our system irrespective of the underlying blockchain network used by our stakeholders.
AGC tokens can be used to access a variety of services within the platform. Token holders can use advanced AI functionalities, deploy dApps, and get priority in GPU usage for training AI models. Additionally, every transaction involving AGC tokens will result in a portion of the tokens being burned, helping to maintain a balanced token supply-demand equilibrium.
Each AGC token equates to a vote in governance decisions. However, staked tokens hold an enhanced voting power that increases over time, thereby ensuring a fair allocation of influence over the platform's direction. Starting from the instant of staking, the voting power of these tokens grows linearly, doubling each year. This model fosters a community where every contributor's voice not only matters but grows stronger with their commitment to the platform.
To ensure the system's integrity, security measures like multi-signature wallets and time-locks on certain contract interactions will be implemented. Regular audits by reliable external firms will further ensure high security.
A dynamic inflation rate, adjusting based on the number of active contributors and total staked tokens, will be adopted. This measure, in conjunction with our token burn mechanisms, will help maintain the token's value while supporting our growing ecosystem.
This tokenomics strategy reiterates Deep Engine AI's commitment to building a democratic, transparent, and equitable AI ecosystem. The AGC token aligns the interests of contributors and stakeholders, encourages community engagement, and aids AI development. Our aim is to deliver a platform that ensures privacy, security, and robust community engagement by integrating blockchain into AI development, fostering inclusive governance, and implementing empowering strategies.
You can find the most recent version of this witepaper at gitbook.
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