NEURAL AI (NEURAL) Crypto Token: Complete Guide

2024-07-19
NEURAL AI (NEURAL) Crypto Token: Complete Guide

The NEURAL AI crypto token, known as $NEURAL, operates on the Ethereum blockchain and serves as the core utility token for the NeuralAI ecosystem. Designed to facilitate access to various services and foster community growth, $NEURAL plays a pivotal role in the platform’s operations, from token-gating to incentivizing users and contributing to ecosystem development.

Key Takeaways

  • Multi-Utility Token: $NEURAL powers token-gating, GPU rental payments, staking rewards, and offers discounted rates for holders.
  • Revenue Sharing: Holders benefit from marketplace revenue shares and the Vanguard Program, which rewards top holders with platform revenue.
  • Strategic Distribution: The total supply of 10 million $NEURAL is strategically distributed to ensure liquidity, team incentives, and market expansion.

Read More About AI on Bitrue

$NEURAL Utility and Functions

Token Gating

$NEURAL provides exclusive access to NeuralAI’s services, allowing holders to unlock various features and benefits within the ecosystem. This token-gating mechanism ensures that only committed users can access premium services.

GPU Rental Payments

$NEURAL is the primary currency for transactions related to GPU rental services offered by NeuralAI. This use case establishes $NEURAL as a vital component for users seeking computational power, driving its utility and demand.

Read More: Bitrue Ventures launches Web3-focused $40M investment fund

Staking Rewards

Holders of $NEURAL can stake their tokens to earn rewards. This staking mechanism encourages long-term holding and reduces market sell pressure, aligning the interests of investors with the growth of the platform.

Discounted Rates

Users who hold $NEURAL enjoy reduced rates on GPU rental fees. This discount incentivizes holding and promotes engagement with the NeuralAI platform.

Marketplace Revenue Share

$NEURAL holders benefit from a share of the marketplace revenue. Specifically, 50% of the 5% transaction fees collected are redistributed to $NEURAL holders, creating an ongoing incentive for participation.

NeuralAI Vanguard Program

The Vanguard Program rewards the top 100 $NEURAL holders by distributing 100% of the platform’s GPU rental revenue among them. This initiative is designed to acknowledge and incentivize the most supportive and influential backers.

Token Distribution Plan

Liquidity Pool

7,000,000 NEURAL (70%) is allocated to the liquidity pool, with an initial lock period of 6 months, extendable to 12 months. This allocation ensures sufficient liquidity for trading and stability in the market.

Team and Advisors

500,000 NEURAL (5%) is reserved for team and advisors, with a 3-month cliff followed by 24-month linear vesting. This plan aligns long-term incentives with the platform’s growth.

Research and Development

500,000 NEURAL (5%) is allocated to research and development, with a 6-month linear vesting schedule. This allocation supports ongoing innovation and platform enhancements.

Marketing & CEX Listings

1,000,000 NEURAL (10%) is set aside for marketing and centralized exchange (CEX) listings. This fund will be utilized as needed to promote the token and facilitate exchange listings.

KOL & Strategic Presale

1,000,000 NEURAL (10%) is allocated to key opinion leaders (KOLs) and strategic presale participants. This allocation includes 50% at the token generation event (TGE) and 50% after 1 month, supporting initial marketing and strategic partnerships.

Token Summary

Launched on March 21, 2024, the $NEURAL token is designed to foster a thriving and self-sustaining ecosystem for NeuralAI. By balancing immediate utility with long-term holding incentives, $NEURAL aims to align the interests of holders, users, and developers, positioning NeuralAI as a leader in 3D asset generation and beyond.

FAQs

What is the primary use of the $NEURAL token?

$NEURAL is used for accessing NeuralAI’s services, making GPU rental payments, earning staking rewards, and receiving discounts on fees.

How does $NEURAL benefit its holders?

Holders benefit from staking rewards, discounted GPU rental rates, a share of marketplace revenue, and participation in the NeuralAI Vanguard Program.

What is the total supply and distribution plan for $NEURAL?

The total supply is 10 million $NEURAL, distributed among liquidity pools, team and advisors, research and development, marketing, and KOL & strategic presale allocations.

Disclaimer: The content of this article does not constitute financial or investment advice.

Register now to claim a 1012 USDT newcomer's gift package

Join Bitrue for exclusive rewards

Register Now
register

Recommended

HRUM's Daily Quote February 6: Cookie in the Name
HRUM's Daily Quote February 6: Cookie in the Name

HRUM makes every day fun and rewarding. Solve easy puzzles, earn instant rewards, and enjoy daily predictions. It's the perfect time to dive in! Plus, adding to your name might just land you $50.

2025-02-05Read