AIRI Updated Tokenomics

AI-generated content and onchain copyright are at the heart of aiRight. Now, aiRight wants to mark its next milestone with decentralized governance and community involvement. This requires some adjustment on its tokenomics to foster AIRI utilities and community power. This article introduces a revised structure of AIRI tokenomics: simplified allocation, roles of community, more utilities.

Primary Objectives

Promote aiRight’s future growth

First and foremost, we emphasize our commitment to aiRight’s long term vision of being the leading Generative AI marketplace. At the heart of the new aiRight is the mission to empower a new generation of creators with the capabilities to create high-quality prompts, along with aesthetic and useful outputs.

Historically, our AIRI token has been instrumental in incentivizing our ecosystem through farming and reward mechanisms. As we look to the future, our focus shifts towards elevating the actual users of the aiRight platform. The changes are designed to significantly enhance AIRI’s utilities within aiRight. By rewarding creators actively contributing to our platform, we not only strengthen the bond between our product and its users but also advance our mission of fostering a thriving, innovative creator community.

Strengthen the community though governance and transparency

Additionally, in a move to further engage our community, we are immediately allocating 15% of the total AIRI supply towards a pool that can be deployed by the aiRight community via DAO, with decisions made through decentralized governance. We also commit to keeping our community informed through more frequent updates and comprehensive reports on our tokenomics.

Major Changes

In keeping with the objectives outlined above, the aiRight team has made important updates to how tokens are allocated. The following changes will go into effect:

1. The “Foundation” pool is renamed as the “Development” pool.
2. A new pool called “Community” is added.
3. Eliminate the following:
4. “Team & Advisors” — now allocated towards the “Development” pool.
5. “Marketing” — now allocated towards the “Ecosystem” pool.
6. “Listing” — now shared by the “Ecosystem” and “Community” pools.
7. Move “NFT staking rewards” — now under the “Community” pool.
8. The burning mechanism is removed. aiRight instead redirects those resources toward more impactful areas such as research and development, community incentives, and ecosystem including rewards and marketing. In addition, a stable and predictable token supply makes it easier for community members to understand the value proposition of aiRight over time.

The New Allocation

1,860,000,000 AIRI was minted and will gradually become available over the next 5 years. Allocation will thereby be simplified as follows:

1. Community (15%): equivalent to 279,000,000 AIRI, will be accessible to aiRight community members. Similar to ORAI’s DAO Treasury, this fund will be dedicated towards community initiatives such as incentive programs, marketing initiatives, and grants. Community members have the power to decide how this fund will be used, through governance.
2. Ecosystem (60%): equivalent to 1,116,000,000 AIRI, will be used for rewards and marketing activities.
3. Development (25%): equivalent to 465,000,000 AIRI will be accessible to contributors to the development of aiRight. This fund will primarily be used to support research and development efforts such as integrating new Generative AI models, building new features, enhancing platform security, and optimizing user experience.

The pools will vest according to the following schedule:

Utilities of AIRI Tokens

1. Transactional medium: Within the aiRight platform, AIRI serves as a versatile payment token, facilitating seamless transactions for various services. Furthermore, users may be eligible for exclusive discounts on subscription fees when opting for premium features, thereby enhancing the overall value proposition of holding and using AIRI tokens within the platform.
2. Governance: Ownership of AIRI tokens confers the right to actively participate in the governance structure of the aiRight platform. Token holders can engage in the decision-making processes that shape a wide range of platform policies. This encompasses areas such as marketing strategies, community outreach initiatives, and the integration of additional utilities and features in the future.
3. Rewards: by holding AIRI, holders can earn fees for providing liquidity or get rewarded for participating in other activities on the platform.
4. Access: exclusive features and benefits are only available for AIRI holders, such as curated collections, premium listings, and special events.

As aiRight is built on Oraichain, ORAI holders can also enjoy some benefits from 1., 3., and 4. above.

Contract Addresses

Oraichain Mainnet: https://scan.orai.io/smart-contract/orai10ldgzued6zjp0mkqwsv2mux3ml50l97c74x8sg

BNB Chain: https://bscscan.com/token/0x7e2a35c746f2f7c240b664f1da4dd100141ae71f

The Circulating Supply

1. Community Pool: 279,000,000 AIRI will be released to the circulating supply.
2. Ecosystem: 506,603,969 AIRI has been released to the circulating supply. AIRI in Oraichain converter and liquidity pools on all exchanges is also counted in the ecosystem.
3. Development: 186,000,000 has been released to the circulating supply.

Conclusion

The recent modifications to our tokenomics and governance structure will not dilute the holdings of AIRI token holders in any way. Rather, these carefully considered changes aim to elevate levels of transparency and accountability, thereby granting the community a decisive role in determining the platform’s future course. By holding AIRI tokens, users not only transact within the aiRight platform but also have the opportunity to influence its development and direction, thereby creating a dynamic, community-driven ecosystem. Thank you for being an integral part of this transformative journey towards establishing a secure, transparent, and community-centered marketplace.