What is AIUS Coin?
AIUS Coin is a digital currency developed to support and enhance AI-driven applications on the blockchain. It aims to bridge the gap between AI technologies and decentralized networks, providing a robust platform for developers, businesses, and individuals to create, share, and monetize AI solutions securely and transparently. The AIUS coin works on 2 blockchains one is Ethereum and the other is Arbitrum Nova.
Project Introduction
The Arbius network works by having solvers compete to complete tasks set by users at the lowest cost. At first, solvers earn Arbius coins as a reward for completing tasks, which helps users pay little or no fees. Over time, the cost of tasks will match the actual computing costs. Solvers are encouraged to make their software as efficient as possible to deliver results quickly and make more profit. This setup ensures that users get fast and cost-effective solutions.
Features of AIUS coin
1. Fixed supply
Arbius has a maximum supply of 1 million coins, similar to Bitcoin's fixed supply model. New AIUS coins are generated through a mining process involving GPU computing power rather than a central authority.
2. Decentralized Mining
Decentralized Mining: Miners contribute their GPU power to the Arbius network and are rewarded with newly minted AIUS coins for solving machine-learning tasks. This decentralized mining process is designed to be permissionless and censorship-resistant.
3. On-Chain Governance
AIUS holders can vote on protocol upgrades and changes through an on-chain governance mechanism. This allows the network to evolve in a decentralized manner.
4. Machine Learning DAOs
Arbius enables the creation of decentralized autonomous organizations (DAOs) for machine learning models. These DAOs have custom rules for distribution and rewards, providing a way for model creators to earn income from their contributions.
5. Economic Incentives
The network has an emission schedule with a continuous halving of mining rewards, similar to Bitcoin's halving. Additionally, users can pay fees for machine learning tasks, and model creators can set base fees for invoking their models, creating economic incentives.
6. Open-Source
Arbius is an open-source project, allowing for transparency and community involvement in its development.
Related Groups & Categories
Arbius, itself within the Ethereum ecosystem, specifically on Arbitrum Nova, an Ethereum Layer 2 solution. This strategic decision grants Arbius immediate access to Ethereum's vast DeFi liquidity and established user base. Moreover, being on a Layer 2 solution, Arbius benefits from reduced transaction fees and enhanced scalability, which is crucial for Al computations and transactions.
AIUS Coin Statistics
The AIUS coin, ranked #1,147 among cryptocurrencies, reached an all-time high of $1086 on February 19, 2024, and an all-time low of $38 on March 22, 2024. It currently has a market capitalization of $17,416,018, with a circulating supply of 109,037 coins and a maximum supply of 1,000,000 coins, which is also the total supply.
The vision of AIUS Coin
Arbius is developing a decentralized AI network aimed at democratizing access to artificial intelligence. By using blockchain technology, the platform intends to eliminate barriers to AI development and deployment, thereby encouraging innovation worldwide. This approach emphasizes decentralization, economic innovation, and accessibility to ensure broad participation and benefit.
Where to Buy and Trade AIUS?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 1000+ tokens supported, including AIUS, users can now trade easily and seamlessly. To purchase AIUS tokens on CoinEx.
Overview
- Name: AIUS
- Official link: https://arbius.ai/
- Explorer: https://etherscan.io/token/0x8AFE4055Ebc86Bd2AFB3940c0095C9aca511d852
- Total supply: 1,000,000
- Contract address: 0x8afe4055ebc86bd2afb3940c0095c9aca511d852
- Twitter social link: https://x.com/arbius_ai?t=T7RMLcoj8MWVw9zDC5XA4w&s=09
- Supported CEX: CoinEx
- Supported DEX: Uniswap
- Convenient for users to know in time.
https://www.coinex.com/en/info/aius
* This article is for informational purposes only not investment advice.
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