Categories: Press Releases

NeurochainAI Launches $NCN Token Ahead of Node Staking

London, United Kingdom, August 9th, 2024, Chainwire

NeurochainAI, a decentralized AI-as-a-Service (DeAIAS) network, today launched its Token Generation Event (TGE) with its $NCN token becoming available for trading at 12 pm UTC on two centralized exchanges, Gate.io and WhiteBIT, with listings on additional CEXs to be announced in the near future.

With over 150,000 users already onboard and more than 80,000 wallets connected to the platform, NeurochainAI is swiftly establishing itself as a leader in the DeAIAS space that also covers a reliable DePIN for AI Inference. To further enhance user experience and accessibility, NeurochainAI has rolled out a beta version of its mobile app for AI inference. The beta app is already being tested by over 3,000 users across 183 countries, reflecting the global demand and anticipation for NeurochainAI’s innovative solutions.

The TGE marks the official launch of NeurochainAI’s $NCN token, with the project committed to a fair launch strategy by listing directly on centralized exchanges (CEXs), ensuring equal access and better terms for everyone. As a part of the strategy, the community also has the opportunity to earn NCN by connecting GPUs and participating in data tasks for extended periods of time.

With a strong reputation in the industry and over 10 million users, Gate.io boasts a daily trading volume that exceeds $12 billion. WhiteBIT stands out as a top choice for crypto enthusiasts with impressive trading volumes and over 4 million users from 150 countries.

The token launch will be immediately followed by the introduction of node staking, an initiative aimed at fostering network decentralization with a fair way to grow a validator network. The approach mirrors industry best practices, ensuring transparency with rewards known upfront, decentralization as the same stake applies to all nodes, and a fair chance for all to participate on a first come, first serve basis.

“We’re focused on creating a TGE and node staking that makes fairness and transparency a central goal, ” said Julius Serenas, CEO of NeurochainAI. “Our fair launch approach ensures all participants have the opportunity to partake in the NeurochainAI ecosystem, promoting network decentralization and community-driven growth in the AI-as-a-Service space.”

Operating a Neuron Validator not only contributes to the ecosystem’s decentralization but also rewards participants with daily $NCN compensation, where a stable amount of native coins must be staked to become a validator. 40% of the $NCN supply will be allocated to Neuron Validator NFTs, with a structured vesting plan designed to incentivize long-term engagement.

To learn more about NeurochainAI’s node staking opportunities and becoming a Neuron Validator, visit their guide here.

About NeurochainAI

NeurochainAI is a decentralized AI-as-a-Service (DeAIAS) network that streamlines the process of building, launching, and use of AI-powered decentralized applications (dApps). Providing a ready-to-use AI infrastructure, the network enables developers to create AI dApps up to 24 times faster and 5 times more cost-effectively compared to traditional methods. The platform is focused on advancing the field of AI application development, offering unparalleled ease of use and affordability.