Nodepay: NodeCoin (NC) and its Tokenomics

Bittime - Nodepay is present as an innovative solution that offers a decentralized AI ecosystem. Get to know Nodepay airdrop from understanding NodeCoin (NC) tokenomics in this article, come on!

Nodepay provides opportunities for everyone to contribute and benefit. With this platform, anyone can support real-time AI training just by utilizing unused internet bandwidth. 

Let's discuss more about Nodepay, the NodeCoin (NC) token, and its tokenomics!

What is Nodepay?

Nodepay is a decentralized AI platform. The platform allows users to contribute to the development of artificial intelligence through active participation in sharing unused internet bandwidth. 

By downloading the Nodepay desktop or mobile app, users can help with real-time AI training and be rewarded for their contributions.

Nodepay aims to transform the dominance of AI by a handful of large companies into an inclusive ecosystem. In this system:

• Users earn rewards by sharing their internet resources.

• AI models are trained with real-time data, providing more relevant results.

• Everyone has equal access to AI technology.

With this approach, Nodepay opens up opportunities for the wider community to be part of a fairer AI technology revolution.

Read also: Nodepay Pre Market Price: This is the Value of 1 NC Token Today!

What is NodeCoin (NC) Token?

NodeCoin (NC) is the native token of the Nodepay network that serves as the backbone of its ecosystem. 

With contracts on a transparent blockchain, NC is designed to support a wide range of activities on the Nodepay platform, from transactions to governance.

Uses of NC Tokens

NC tokens offer a variety of uses within the Nodepay ecosystem. The following is the explanation:

1. Network Transactions

NC is used to pay for premium services such as real-time data retrieval (Node Collect), AI-based search (Node Search), access to datasets, and more.

2. Staking and Incentives

Token holders can stake NC on validator nodes to help network operations. In return, they will get rewards for these contributions.

3. Ecosystem Governance

NC holders have voting rights to determine Nodepay's development direction, such as approving new partners or new incentive mechanisms.

4. Network Security

NC tokens play a role in maintaining network security by ensuring validator nodes comply with the protocol. Violations will be subject to penalties through a slashing mechanism.

Read also: Airdrop Nodepay Season 3 with New Missions and Rewards!

NC Token Tokenomics  

Source: Nodepay Document

The total supply of NodeCoin (NC) is 1 billion tokens, with an initial circulating supply of 208 million tokens. The NC token distribution is designed to ensure the sustainability and inclusivity of the Nodepay ecosystem. Here are the details:

1. Community Incentives – 420 million tokens

Used to reward early contributors, bandwidth providers, and tool makers in the ecosystem.

2. Airdrop – 115 million tokens

Launched to expand ownership and support Nodepay's decentralized foundation.

3. Validator – 40 million tokens

Allocated as rewards to validator node operators who help secure the network.

4. Ecosystems & Foundations – 225 million tokens

Supports operations, protocol upgrades, and network expansion.

5. Investors & Advisors – 215 million tokens

Awarded to early project backers with a vesting period to guarantee long-term commitment.

6. Nodepay Team – 140 million tokens

Allocated to Nodepay developers and managers with a cliff and vesting mechanism over several years.

Read also: Nodepay Listing January 14, This is the Pre Market Price of NC Tokens!

Conclusion

Nodepay is an innovative platform that not only supports AI development but also creates economic opportunities for its users. With the NC token at the core of its ecosystem, Nodepay ensures inclusive participation, strong network security and democratic governance. 

Transparent tokenomics further strengthens Nodepay's vision as a fair and sustainable decentralized AI pioneer.

FAQs About Nodepay

1. What is Nodepay?

Nodepay is a decentralized platform that allows users to contribute to AI training using unused internet bandwidth.

2. What is NodeCoin (NC)?

NodeCoin is Nodepay's native token used for transactions, staking, governance and network security.

3. How to get NC?

You can earn NC by participating in the Nodepay ecosystem, such as sharing bandwidth, staking, or receiving airdrops.

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Reference 

Nodepay Document, NODECOIN ($NC), accessed January 13, 2025.

Nodepay Document, Nodecoin Tokenomics, accessed January 13, 2025.

Nodepay Document, What is Nodepay?, accessed January 13, 2025.

Author: Y