AI Network is a blockchain-based backend infrastructure that transforms text-based open source projects into live services, i.e., open resources. In other words, AI (artificial intelligence) Network is a decentralized cloud computing architecture for large-scale applications and programs that aims to initiate innovation in the decentralized application economy, especially for AI programs. The project is powered by diverse global resource providers and governed by a developer community worldwide. 

The AI Network blockchain seeks to solve the problem of big clouds that require heterogeneous cloud environments for open-source artificial intelligence projects by providing secure access and transparent and marketized incentive protocol. The project proposes an "open resource" as the AI Network blockchain. The developers can upload their programs on the open network, and resource providers only focus on program operation and revenue sharing. Due to this, liability and resource management costs don't belong to developers. Further, the shift toward this open resource seeks to enable the composability and interoperability of solutions to be significantly improved. 

The other features of the project are the execution of asynchronous transactions, higher transaction throughput, and serverless computing on blockchain. An open AI marketplace called ‘Ainize’ allows the developers to deploy any open-source AI projects and turns them into live apps or AI instituted microservices for auto-scaling with a simple configuration. 

AIN token is an ERC-20 utility token for accessing services available on the blockchain. The tokens can be used to secure stable resources as service qualities such as real-timeliness. Also, microtransactions and prevention of price fluctuations are reduced with the payments made through AIN in batches. 

A governing entity on the platform facilitates the operation, promotion, and development of the AI Network blockchain through a consensus among the network's validator nodes, developers, and resource providers. This mechanism seeks to ensure that coin minting continues until total computing power in the AI Network has grown enough to warrant the minting of additional coins. Minting means creating new coins by validating information and recording that information into the blockchain. In contrast, coin burninghappens when total computing power utilized throughout AI Network services has degraded significantly. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

AIN tokens are for AI-powered DApp developers regarding contribution to the network using blockchain technology. Computing resource providers, AI solution providers, and AIN token holders seek to earn rewards by staking as incentives for early participation. Besides this, the platform seeks to allow token holders to earn extra rewards from the monthly compounding yield at approximately 26% annually. 

The updated whitepaper on AI Network was released on April 29, 2021. AI Network had a maximum total supply of 700,000,000 AIN.

We update our AI Network to ARS currency in real-time. Get the live price of AI Network on Coinbase.

Assets that have a similar market cap to AI Network include Hashtagger.com, NAWS.AI, Shib2.0, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of AI Network is 269 million.