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Title: Alaya AI Announces Major Economic System Upgrade and Upcoming Massive Airdrop

New Zealand, 12th Jun 2024 - Alaya AI has announced a comprehensive upgrade to its economic system. As a global leader in distributed AI data collection and annotation, Alaya AI continues its commitment to providing superior data solutions for the Web3 AI ecosystem.New Economic System Architecture In this upgrade, Alaya AI is introducing its native governance token, $AGT, with a maximum circulation of 5 billion tokens. $AGT plays a crucial role in the Alaya ecosystem, covering core functions such as platform governance, automatic labeling model development, NFT upgrades, and custom data requests. Key functions of $AGT include governance and participation, model development, and revenue distribution. First, in terms of governance and participation, users must stake $AGT to engage in community governance, submit and vote on proposals, and participate in DAO governance, such as voting on features and proposals for automatic labeling models. For model development and revenue distribution, users need to stake $AGT to participate in automatic labeling model development, create $AGT reward pools for custom data requests, and share in the revenue generated by the models proportionally. Additionally, $AGT includes reward mechanisms and NFT-related functions. In terms of reward mechanisms, users can earn $AGT rewards by completing training tasks, achieving milestones, and participating in events. Alaya’s data service revenue will be used to purchase $AGT and redistribute it to the user reward pool to maintain a sustainable user incentive structure. Regarding NFT-related functions, NFT upgrades within specific levels and time intervals require $AGT, and certain advanced tasks also need $AGT staking, unless the user holds a specific Medallion NFT. Users can also stak...

This press release is issued by King Newswire