Alaya Governance Token PriceAGT

What is Alaya Governance Token (AGT)?

Alaya Governance Token (AGT) is the native governance and utility token that powers the Alaya AI ecosystem. Alaya AI is an open, composable Web3 AI data infrastructure network designed to connect distributed data communities with open and composable AI networks. By blending blockchain technology with AI training, automated data processing, and gamification, Alaya aims to democratize data access and transform how artificial intelligence models are developed and fine-tuned. The platform supports both distributed data crowdsourcing and direct peer-to-peer data requests through a unified environment. AGT has a maximum supply of 5,000,000,000 tokens and launched in 2023. The token is issued on the BNB Smart Chain as a BEP20 asset. Alaya AI's infrastructure is positioned at the intersection of AI and big data, with a focus on tokenizing AI models to incentivize data contribution through staking pools. The project has undergone audits and holds a CertiK rating of 4.5.

Key Specifications & Tokenomics

• Name: Alaya Governance Token
• Ticker/Symbol: AGT
• Blockchain: BNB Smart Chain (BEP20)
• Category: AI & Big Data, Web3 AI Data Infrastructure
• Max Supply: 5,000,000,000 AGT
• Total Supply: 5,000,000,000 AGT
• Circulating Supply: Approximately 3.26 billion AGT
• Official Website: https://www.aialaya.io/
• Whitepaper: https://alaya-ai.gitbook.io/alaya-ai/technology
• Explorer: bscscan.com
• CertiK Rating: 4.5
• Launch Year: 2023

Who created Alaya Governance Token (AGT)?

Detailed public information about the founding team and individual creators of Alaya Governance Token is currently limited. The project is developed by the Alaya AI team, which focuses on building an open, composable Web3 AI data infrastructure network. The project maintains an official website and technical documentation, and its token sale was reviewed on CryptoRank as an IDO. The token carries a Binance Wallet IDO tag on CoinMarketCap, indicating participation in a token sale event. No specific founder names, corporate entities, or biographical details are enumerated in the available materials.

How does Alaya Governance Token (AGT) work?

Alaya AI operates as a Web3-based AI data infrastructure network that combines distributed data crowdsourcing with direct P2P data requests. The platform infuses AI training and automated data processing with blockchain technology and gamification. At its core, Alaya AI uses auto-labelling AI models that are incentivized through $AGT staking. Participants stake AGT to support the development and fine-tuning of AI models, and this staking mechanism also serves to deter malicious actors and free-riding incentives. The network allows AI projects to set up unique custom data reward pools, where they can offer their own platform tokens as payment for custom data requests. This creates a flexible and composable environment where small and medium AI startups can satisfy their specific data needs through organic Web3 incentives. Social gaming incentives, including daily task bonuses and affiliate commissions, further drive organic data community growth.

What makes Alaya Governance Token (AGT) unique and valuable?

Alaya Governance Token stands out through its integration of AI model tokenisation and staking pools within a Web3 data infrastructure. The platform's open and composable structure allows AI projects to create custom data reward pools and offer their own tokens as payment, providing flexibility that traditional data marketplaces lack. The use of $AGT staking to incentivize active user contribution to auto-labelling AI models creates a direct link between token utility and network security. Additionally, the project combines distributed data crowdsourcing with direct P2P data requests, enabling both personal and enterprise AI applications to access open data. Social gaming incentives and affiliate commissions further differentiate the ecosystem by driving community growth through gamified engagement. The deflationary design with a capped maximum supply of 5 billion AGT adds a scarcity element to the token economy.

What is Alaya Governance Token (AGT) used for?

AGT functions as both a governance and utility token within the Alaya AI platform. Its primary uses include participation in $AGT AI model staking pools, which fund the development and fine-tuning of AI models. Staking AGT also incentivizes active user contribution to the network's auto-labelling AI models and helps deter malicious actors and free-riding behavior. Furthermore, AGT enables custom data reward pools, where AI projects can offer their own platform tokens as payment for custom data requests. The token is also used to facilitate social gaming incentives, including daily task bonuses and affiliate commissions. As a governance token, AGT is categorized under governance on platforms like Coinpedia, allowing holders to participate in the decision-making processes of the Alaya AI ecosystem.

How Is the Alaya Governance Token (AGT) ecosystem developing?

The Alaya AI ecosystem is centered around its Web3 AI data infrastructure, which connects distributed data communities with open and composable AI networks. Key ecosystem components include AI model staking pools funded via $AGT, custom data reward pools for AI projects, and auto-labelling AI models incentivized through staking. The platform targets personal and enterprise AI applications, small-medium AI startups, Web3 communities, and distributed data communities. Development is supported by an IDO token sale and the project maintains a presence across multiple data aggregators and market tracking platforms. The ecosystem also incorporates social gaming incentives, such as daily task bonuses and affiliate commissions, to encourage organic community growth. With a CertiK rating of 4.5 and completed audits, the project continues to build out its technical documentation and platform features.

How to mine Alaya Governance Token (AGT)?

Alaya Governance Token is not mined through traditional proof-of-work mechanisms. Instead, AGT is earned and utilized through staking within the Alaya AI ecosystem. Participants can stake AGT in AI model staking pools to support the development and fine-tuning of AI models. This staking process also incentivizes active user contribution to the platform's auto-labelling AI models. By staking AGT, users help secure the network against malicious actors and free-riding incentives. Additionally, users can earn rewards through social gaming incentives, including daily task bonuses and affiliate commissions, which are designed to promote organic data community growth. The token operates on the BNB Smart Chain as a BEP20 asset, and staking activities are conducted within the Alaya AI platform environment.

How to keep your Alaya Governance Token (AGT) Coin safe?

Since AGT is a BEP20 token on the BNB Smart Chain, it can be stored in any compatible Web3 wallet that supports BNB Smart Chain assets. Users should ensure they use reputable wallets and verify contract addresses before interacting with any platform. Because AGT involves staking mechanisms, it is important to understand the risks associated with staking and only use official platform interfaces. Enabling two-factor authentication, using hardware wallets for significant holdings, and keeping private keys secure are standard best practices. Users should also be cautious of phishing attempts and fake tokens, verifying the official contract address through trusted sources. The project has undergone audits with a CertiK rating of 4.5, which provides some assurance regarding smart contract security. Regularly reviewing platform announcements and documentation helps users stay informed about security updates and best practices.