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The community reward program is set to run for two months, ending March, with 10 million $AIGT tokens distributed in two independent pools.
Decentralized Physical Infrastructure Network (DePIN) Axlflops has launched its eagerly-awaited token generation event (TGE) of its native token, $AIGT. The token will serve as the utility token of the Axlflops ecosystem by incentivizing and rewarding community participation. The event launch coincides with the launch of its first community rewards program that sees the project disburse 10 million $AIGT tokens – or 1.4% of the total token supply – via multiple reward pools.
The TGE and commencement of the rewards program will launch on January 22nd 2025 officially, with the rewards program set to run till March 22nd. Through offering rewards, Axlflops aims to incentivize both GPU providers and community participants in building a more democratized computing infrastructure.
The recently launched project offers a DEPIN that is designed to democratize AI computing and match the demand for computing resources across a decentralized network. In addition, the network leverages advanced algorithms to provide flexible, accessible and cost-effective computing power for all.
Axlflops Set To Disburse 10 million $AIGT Tokens
The community rewards program will feature two independent pools, one focusing on worker rewards and the other for the broader community. The first, “worker rewards for GPU providers”, is the largest of the two aiming to dispense 8 Million $AIGT tokens while the second, “community questing rewards for regular users” will have a 2 Million $AIGT rewards pool. Users can participate in both simultaneously to maximize their earning potential.
During the initial phase through March 31, GPU providers can join the decentralized physical infrastructure network (DePIN) without staking requirements, committing to their preferred participation duration.
The final distributions will be calculated based on Computing Resource Contributions and Hardware Performance Ratings, and a tiered distribution structure will trigger welcome bonuses, weekly rewards, and uptime bonuses. GPU providers are able to monitor and claim rewards via the official Axlflops website.
The community quest rewards will be hosted on the Galxe and Taskon platforms, with participants having an opportunity to gain rewards for various engagement activities across social media and on the platforms. Some of the tasks that gain rewards include e following Axlflops on social media, participating in community activities, and engaging with the official website.
Once the event concludes, on March 22nd, participants will receive their distribution, with daily GPU mining rewards continuing to be released per Axlflops’ standard protocol.
Revolutionizing Decentralized AI Computing
Unlike other decentralized AI computing firms, Axlflops follows a unique approach to democratizing AI computing resources. The platform incorporates both individual GPU providers and established cloud services, fostering an inclusive environment where private and public clouds exist in the same partner network.
In addition, the platform also includes an innovative dual staking mechanism, which requires GPU providers to stake 95% of their tokens and token holders need to stake 5% of $AIGT tokens. This creates a collaborative ecosystem and introduces user-friendly features such as 7-day unstaking periods, competitive service fees (0.2%) and immediate daily rewards withdrawals.
Notwithstanding, Axlflops also introduced a sophisticated ‘Instance Grading System’ that evaluates GPU performance and the entire hardware ecosystem including CPU, RAM, storage, and network capabilities, ensuring accurate performance assessment and fair reward distribution. This creates a robust ecosystem that ensures AI developers, data scientists, enterprises, and all users in need of computing resources get them at the best price.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
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