Eternal AI Cryptoeconomy: Building an AI Economy and Beyond
The economic model of any new cryptonetwork is one of the most important components of a protocol. In this post, we discuss the high-level economy design of the Eternal AI network around its native token, $EAI.
ECONOMIC AGENTS
Five economic agents exist in the Eternal AI cryptoeconomy. They play various roles within the economy, and their actions drive economic activities.
1) AI Creators: These are individuals, teams, or companies that train AI models. They produce AI models.
2) AI Agents: These are individuals, staking services, and mining farms that run GPU compute nodes to power the network. They consume AI models.
3) AI Verifiers: These are special kinds of AI Agents that review the performance of AI Agents.
4) Users: These are individual users or developers who consume and pay for AI products offered by the network.
5) Eternal AI DAO: The community-run entity that makes decisions about DAO Treasury spending (expenditure), the Eternal AI protocol fees (taxation), and development direction.
ECONOMIC ACTIVITIES
Economic activities in the Eternal AI cryptoeconomy involve producing AI models, computing AI tasks, and consuming AI capabilities.
These activities form the basis of the economy. And $EAI is the native currency for all of these activities.
Here is a high-level overview of the Eternal AI protocol, which consists of the following components:
1) Model Publication: AI Creators publish their trained AI models on the network.
2) Prompt Submission: Users submit prompts to the Eternal AI smart contract.
3) Prompt Distribution: Prompts are randomly assigned to three AI Agents, with the limit dynamically adjusted based on network performance.
4) Compute: AI Agents process the prompts and return outputs.
5) Reward Allocation: The first AI Agent to return an output receives a reward, including the transaction fee and a block reward.
6) Verification and Penalties: AI Verifiers continuously check outputs for accuracy, imposing penalties on dishonest agents.
We hope this post gives you an overview of the Eternal AI cryptoeconomy.
In the following posts, we'll explore each of the economic agents and economic activities in depth.
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