Aethir Unveils $50 Million Community Reward Initiative. Io.net Token Exchange Agreement Halted
In Brief
The platform Aethir has just introduced an impressive Community Reward Initiative valued at $50 million, aiming to recognize and reward its dedicated and engaged users.
Decentralized cloud-based computing platform Aethir ATH has revealed its generous Community Reward Initiative amounting to $50 million, designed to reward the loyal community members and active participants.
Following unsuccessful discussions for a token swap agreement with Io.net, Aethir decided to redirect the funds intended for this exchange into community rewards instead. Nonetheless, Aethir confirmed its ongoing collaboration with Io.net to offer enterprise GPU solutions.
The Community Reward Initiative is set to distribute $20 million in ATH tokens to individuals holding checker licenses, with specific bonuses tied to each checker node license. Rewards will be granted to users who have staked their assets since the Token Generation Event (TGE) and maintain their stake up until July 23rd. Participants staking at least 2,500 ATH per license for a year will receive daily bonuses based on the length and volume of their staked ATH.
Daily snapshots will be taken starting from June 12th, the day of the listing, with the final snapshot on July 23rd. This gives node holders a chance to stake their tokens and qualify for the reward.
Moreover, the initiative will allocate an additional $30 million worth of ATH tokens as incentives for the AI staking pool. These tokens, originally set aside for Io.net, will instead enhance the AI Pool (ATH – AI) within the Aethir staking program and will be distributed among participants over the next six months, thus boosting incentives for those staking in the AI pool and fostering the development of AI-driven applications across the Aethir ecosystem.
Aethir Gears Up For Mainnet Launch Scheduled in Q4 2024
Operating as a pioneering cloud computing infrastructure platform, it revolutionizes the management, distribution, and application of enterprise-grade GPUs by maximizing GPU resources tailored to high-demand sectors like AI, machine learning, and cloud gaming.
Through its decentralized cloud infrastructure, Aethir Aethir strives to foster global scalability for AI and gaming ventures, boasting nearly 2,000 NVIDIA H100 GPUs and over 40,000 other top-tier GPUs at its disposal. Additionally, Aethir collaborates with various AI and gaming projects, using its robust infrastructure to amplify their technological progress. partners Recently, Aethir shared its plans for an upcoming mainnet launch, targeting a rollout in the fourth quarter of this year, which marks a significant milestone in the project's journey toward becoming operational.
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In line with the Trust Project guidelines Alisa, a passionate journalist with Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast landscape of Web3. With her sharp eye for emerging trends and innovations, she provides extensive coverage to keep readers informed and engaged in the fast-changing world of digital finance.
