Tokenomics

Introduction

GRID AI protocol has introduced $GRID token as a cornerstone for governance and representation of rights within its ecosystem.

This token empowers $GRID community holders, the founding team, and committee members to collaborate in the development, voting, decision-making, and management of GRID AI protocol. $GRID serves as the governance and non-refundable functional utility token of GRID Network. With a maximum supply of 300,000,000, it is issued on Ethereum (ERC20) with 49% of the tokens allocated for incentivizing community, and Providers. Focused on facilitating community governance, offering fee discounts, granting stake rights, and providing community incentives, $GRID aims to cultivate a vibrant ecosystem for GRID Network, thereby propelling its long-term growth and decentralization.

Token Distribution

Token Ticker: $GRID

Total Supply: 300,000.000

Token Release Schedule

Update soon

Token Functions

• User Incentives: GRID tokens serve as the primary incentive for users to contribute their bandwidth and storage resources as cache nodes. By relaying video streams to other viewers, cache nodes earn GRID tokens, encouraging widespread participation and enhancing the efficiency of the streaming media GRIDet.

• Audience Engagement: Viewers are rewarded with GRID tokens for engaging with their favorite content, such as following and actively participating in discussions. This incentivizes audience involvement and strengthens the bond between content creators and their communities.

• Advertiser Benefits: GRID's token economy facilitates direct targeting of audiences by advertisers at a reduced cost. This creates a win-win situation where advertisers reach their desired audience more effectively, while viewers are rewarded for their attention and engagement.

• Creator Rewards: Content creators can receive GRID tokens directly from their audience as gifts, fostering a supportive ecosystem where creators are duly rewarded for their contributions.

• Business Opportunities: Streaming and content platforms can unlock new revenue streams by integrating GRID tokens into their ecosystems, tapping into the growing network and expanding their user base.

• Profit Model: GRID's profitability stems from providing accelerated services to enterprises and individuals. Node operators contribute resources with minimal additional costs, benefiting from the sunk costs of running terminal nodes. The repurchase and destruction of tokens help adjust the interests of investors, users, and the entire ecosystem, ensuring sustainable growth and value creation.

• Governance and Accountability: Token holders play a crucial role in governing the network through voting on protocol modifications. This democratic approach ensures continuous evolution and adaptation to the community's needs while safeguarding against malicious proposals. The Council, comprised of elected members, maintains order, stability, and oversees the implementation of proposals and actions within the ecosystem.

Disclaimer

• $GRID serves as a non-refundable functional utility token.

• It is not intended to serve as a medium of exchange accepted by the public (or a section of the public) for goods or services, nor for the discharge of a debt. Additionally, it is not designed for use as payment for any goods or services that are not exclusively provided by the issuer.

• $GRID does not confer any shareholding, participation, right, title, or interest in the Company or GRID AI LTD in any way.