Openfabric AI is a revolutionary Layer 1 protocol developed to expand the horizons of Artificial Intelligence (AI) technology. It melds blockchain">blockchain technology, advanced cryptography, and novel infrastructure to craft a robust framework for AI-Apps. This technology tackles the major hurdles encountered by AI platforms, like scalability and vendor lock-in issues, by leveraging blockchain. It lowers the technical and infrastructure barriers for utilizing AI-Apps, broadening market opportunities. Additionally, it encourages fair market competition, fostering rich and collaborative communities.
By integrating blockchain, Openfabric AI enables a more scalable and flexible AI, liberating users from being constrained to a particular AI vendor. This technology simplifies AI usage for individuals with less technical knowledge, without requiring elaborate infrastructure, thus making AI more accessible and beneficial across various sectors.OFN is Openfabric AI’s native digital currency. It serves the following purposes:
● Utility token: The OFN token is intrinsic to the Openfabric AI network, promoting responsible network conduct and aiding various functions.
● Tokenomics: Within Openfabric AI, tokenomics outlines the generation, distribution, and application of the OFN token, constituting the economic framework of the platform.
● Smart contract: The OpenfabricToken.sol smart contract, adhering to the BEP20 standard, is used for token creation in the Openfabric AI network.
OFN token extends beyond being a mere digital currency in the Openfabric network. It's a core element enabling consensus participation, encouraging positive network conduct, and enabling smooth interactions with varied AI-Apps. Its dual function in governance highlights its role within the ecosystem, making it vital in Openfabric AI's innovative approach of blending AI with blockchain. It's utilized in different ways, whether for transaction fees, staking, or as an exchange medium, enhancing the Openfabric AI user experience and providing flexibility to all users.
Total supply: 500,000,000Max supply: 500,000,000
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