What is LayerAI? LayerAI is a Layer 2 platform with the goal of allowing users to make profits based on their information. LayerAI has received strong interest from DWF Labs. So how does LayerAI gain such attraction? Let’s find out together in the article below.
LayerAI Overview
What is LayerAI?
LayerAI is a Layer 2 Blockchain created with the goal of monetizing data in today’s popular AI models while also promoting development. of the data economy. For LayerAI, personal information, preferences, needs,… all elements called data will be returned to its correct owner, the user and them. can own, control, share and leverage digital assets.
Some of the initial components of the LayerAI ecosystem include:
- LayerAI is a Layer 2 platform use technology zkRollup Low cost, secure and private way to turn data into valuable assets.
- LayerVPN is LayerAI’s native VPN solution that also functions as a data node. Users, after downloading LayerVPN and equipping the Data Capsule, can earn reward tokens while browsing the web.
- KyotoX is a DeFi protocol inside LayerAI that functions as a decentralized financial hub. KyotoX will have many products such as AI, Lending & Borrowing, Launchpad,…
- Layer Marketplace is the native NFT Marketplace on LayerAI where users can trade NFTs Data Capsules.
Economy in LayerAI
LayerAI builds an economy around Ai to Earn with 3 main components:
- Users use our original LayerVPN to browse the internet
- LayerAI collects, packages, and prepares advanced data content for monetization
- Users still have the ability to choose how and where to monetize their data
users are required to own an NFT Data Capsule, which allows them to earn DATUM reward tokens for contributing data to the network. LayerAI’s economy operates according to the following model:
- Users download the LayerVPN app and pair it with LayerAI Economy App.
- User purchases or acquires NFT Data Capsule(s).
- Users browse the Internet using LayerVPN and contribute behavioral data to the network.
- Contributed data is being developed into advanced data assets.
- AI developers can use advanced data in AI models, helping to capture the value locked in data as a key AI commodity.
- The value obtained will be distributed to ECosystem Validators – users are contributing data, via DATUM reward token.
- User receives DATUM in LayerAI Economy App.
Development Roadmap
Update…
Investor
- November 16, 2023: LayerAI successfully raised $10M from DWF Labs at a valuation of $250M.
Core Team
Dejan E.: Co Founder
- Dejan earned a Bachelor’s degree in Telecommunications Engineering at the University of Ljubljana.
- Dejan started his career as a Software Engineer at Comtrade – is a group of IT businesses with a mission to innovate: develop and apply technology, Software Engineer (Senior) at Paysafe – payment project and started working towards the role of Development Team Leader at Receipt Bank and Sportradar AG.
- Dejan began participating in the Crypto market in a consulting role, advising blockchain technology groups in the ETH and Cosmos ecosystems. Dejan provided technical and strategic guidance on smart contract development, application architecture, and integration with various blockchain tools and services.
- Dejan started building LayerAI as CTO.
Tokenomics
Information about LayerAI tokens
- Token name: LayerAI
- Code: LAI
- Blockchain: Ethereum
- Token classification: ERC 20, BEP 20
- Contract: 0x168e209d7b2f58f1f24b8ae7b7d35e662bbf11cc
- Total supply: 3000,000,000
Token Allocation
- Data Mining Incentives: 25%
- Public: 20%
- Liquidity Staking: 20%
- Core Team: 15.5%
- Development Reserve: 10%
- Partners & Advisors: 6%
- Marketing: 3%
Token Release
- Core Team, Partners & Advisors and Development Reserve will be locked within 1 year and paid in installments over the next 4 years.
- Data Mining Incentives, Liquidity Staking and Marketing will be paid in installments within 2 years.
Token Use Case
- Network Validation: Users can stake LAI to participate as a Validator for the network and earn block rewards.
- Disscount: User stakes LAI can get discounts on a variety of products in the ecosystem, especially the LayerAI NFT Marketplace.
- Payment: LAI is used as a means of payment for both data miners and data buyers.
Additionally, users who stake LAI can receive it NFT Data Capsule and has the right to make decisions such as:
- DAO will buy back LAI on exchanges and burn that amount of LAI to reduce supply.
- DAO will buy back LAI on exchanges and collectively distribute it to LAI stakers.
Exchanges
LAI is currently traded on a number of exchanges such as Gate.io, BingX, MEXC, KuCoin, Bybit, CoinEx,…
Project Information Channel
Summary
LayerAI is a project in two segments including Layer 2 and AI with the ambition to bring the AI to Earn trend into reality. Hopefully through this article everyone can understand more about what LayerAI is?
