What is the issuance amount of NeuralAI (NEURAL) coins?

The total issuance amount of NeuralAI (NEURAL) coins is 1 billion, with 60% allocated to the public during the ICO for widespread adoption and community involvement.

Dec 15, 2024 at 07:59 pm

NeuralAI (NEURAL): Issuance Amount and Key Details

Introduction

NeuralAI (NEURAL) is a groundbreaking token that empowers the development and deployment of artificial intelligence applications on the blockchain. Its innovative concept aims to revolutionize the field of AI by providing a robust infrastructure for AI innovation. This article delves into the issuance amount of NeuralAI coins, exploring crucial aspects of the tokenomics and key details that shape its value.

Issuance Amount of NeuralAI (NEURAL) Coins

• The total issuance amount of NeuralAI (NEURAL) coins is 1,000,000,000 (one billion).
• This fixed supply ensures scarcity and maintains the long-term value of the token.
• The token distribution during the initial coin offering (ICO) allocated 60% to the public, 20% to the team, and 20% to the ecosystem.

Key Details Related to NeuralAI (NEURAL)

1. Utility and Applications on the NeuralAI Platform

• NEURAL coins serve as the native currency on the NeuralAI platform, enabling transactions for AI-related services.
• Developers utilize NEURAL to deploy and execute their AI models, leveraging the platform's computational resources.
• Users employ NEURAL to access AI applications, pay for data storage, and participate in community governance.

2. Decentralized Governance

• NEURAL holders participate in the platform's governance through a decentralized autonomous organization (DAO).
• Voting rights are proportional to the number of NEURAL coins held, allowing the community to collectively determine the platform's roadmap and strategic direction.
• This ensures transparency, community involvement, and alignment of incentives.

3. AI-Centric Ecosystem

• The NeuralAI platform fosters an AI-centric ecosystem that connects researchers, developers, and users.
• It provides tools and resources to facilitate collaboration, knowledge sharing, and the development of transformative AI solutions.
• This ecosystem promotes innovation and accelerates the adoption of AI technology.

4. Partnerships and Integrations

• NeuralAI has established strategic partnerships with leading AI companies and research institutions.
• These collaborations enhance the platform's capabilities, provide access to cutting-edge AI technologies, and expand its reach within the AI community.
• Integrations with other blockchain platforms enable cross-chain interoperability and extend the token's utility.

5. Token Burn Mechanism

• NeuralAI employs a token burn mechanism to reduce the overall supply of NEURAL coins over time.
• A percentage of transaction fees generated on the platform is used to buy back and burn NEURAL tokens.
• This mechanism creates scarcity, supports price stability, and increases the long-term value of the token.

6. AI-Focused Features

• The NeuralAI platform offers AI-specific features that enhance its utility and value for AI developers and users.
• These features include AI model marketplaces, AI training and deployment tools, and data annotation capabilities.
• By catering to the unique needs of AI development, the platform positions itself as a cornerstone of the AI revolution.