News Report Technology
April 01, 2024

Solana AI Layer GmAI Unveils Tokenomics, Allocates 55% Of Total Supply To Community

In Brief

GmAI, unveiled its tokenomics in preparation for the GM token release and forthcoming beta launch next week.

Solana AI Layer GmAI Unveils Tokenomics, Allocates 55% Of Total Supply To Community

Solana-centric AI project launched by the founder of a decentralized over-the-counter (OTC) trading platform, Whales Market, gmAI (GM), unveiled its tokenomics in preparation for the token release and its forthcoming beta launch.

gmAI offers diverse functionalities, including on-chain transaction execution, insights provision, and management of complex operations such as yield farming. The project aims to enhance decentralized applications (dApps) by improving accessibility and user-friendliness, potentially revolutionizing this domain. 

According to the announcement, the overall token supply of GM tokens amounts to 1 billion, with 55% of the tokens allocated to the community gradually unlocked over 8 years. Furthermore, 20% will be reserved for pre-sale purposes, to be unlocked during the Token Generation Event (TGE), while 10% will be allocated to the foundation, unlocked over 6 years. The remaining 15% of tokens will be utilized for liquidity and airdrop initiatives.

Additionally, alongside the tokenomics announcement, gmAI has launched the pre-sale allocation checker, providing users with the opportunity to utilize its extensive knowledge of the Solana protocol ecosystem, allowing gmAI to handle complex inquiries related to Solana’s ecosystem, execute trustless on-chain swaps upon user commands, and conduct a sequence of on-chain transactions according to predefined objectives.

gmAI offers multiple integration options, such as functioning as an add-on chatbot assistant across various protocols, serving as a responsive Telegram messaging application bot for immediate access to its extensive knowledge base, or being incorporated into a user-friendly web application interface for interaction.

Moreover, as a pre-trained machine learning model, continuously processing real-time data on a second-by-second basis, gmAI can provide comprehensive explanations of queries by aggregating and analyzing data from various sources, including on-chain transactions, X posts, images, and discussions within Telegram chats.

Meanwhile, each transaction conducted via gmAI carries a transaction fee, which is subsequently utilized to automatically buy back and burn GM tokens. The project team anticipates a future where the substantial volume of on-chain transactions facilitated by gmAI could reach hundreds per second, contributing significantly to the network’s economic model.

GmAI Prepares for Test Version Release and Mainnet Launch

As per the initial phases detailed in the roadmap, the gmAI Foundation will prioritize developing the first dApps to initiate ecosystem activity and engagement with plans to evolve into a universally accessible backend layer, allowing individuals to adopt and integrate it into their projects. Owning GM tokens represents ownership of a perpetual share of the entire ecosystem.

There are plans to potentially open the test version of gm.ai as early as next week, with the mainnet scheduled for launch as soon as the third week of April. Following the mainnet release, GM tokens will be launched and decentralized promptly.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
BNB Chain To Integrate Native Staking On BNB Smart Chain Post Beacon Chain Sunset
Markets News Report Technology
BNB Chain To Integrate Native Staking On BNB Smart Chain Post Beacon Chain Sunset
April 25, 2024
Scallop To Enter Testing Phase Next Week With Reallocation Of SUI Supply Rewards
Markets News Report Technology
Scallop To Enter Testing Phase Next Week With Reallocation Of SUI Supply Rewards
April 25, 2024
Mocaverse Launches MOCA Community Sale On CoinList, Offers Over 126M Tokens For Purchase
Markets News Report Technology
Mocaverse Launches MOCA Community Sale On CoinList, Offers Over 126M Tokens For Purchase
April 25, 2024
Opportunities and Challenges Of AI in Music in 2024
AI Wiki Art Education Technology
Opportunities and Challenges Of AI in Music in 2024
April 25, 2024