NeurochainAI braces for token generation event ahead of node staking launch 
Cryptocurrency Jul 30, 2024 Share
NeurochainAI, a decentralized AI-as-a-Service (DeAIAS) network, has announced the launch of its token generation event (TGE) on August 9, as per the latest info shared with Finbold on July 30.
Setting the stage for the upcoming node staking program, the event marks the debut of NeurochainAI’s NCN token.
The token will be listed directly on centralized exchanges (CEXs), with the specific platforms to be announced soon.
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NeurochainAI’s node staking initiative
In addition to the TGE, the NeurochainAI community will be able to earn NCN by connecting GPUs and participating in data tasks for certain periods of time.
NeurochainAI will introduce its node staking initiative after the token launch, which is designed to enhance network decentralization by expanding its validator network.
This ensures transparency and equal staking requirements for all nodes, giving everyone an equal chance to participate in the event on a “first-come, first-served” basis.
Julius Serenas, CEO of NeurochainAI, expressed a desire to foster a truly decentralized ecosystem, stating:
“We’re focused on fostering a truly decentralized ecosystem, demonstrated by our TGE and node staking, where fairness and transparency are paramount. Our approach ensures all participants have equal opportunity to engage without preferential treatment. This initiative not only promotes network decentralization but also underscores our commitment to community-driven growth in the AI-as-a-Service space.”
NCN awards
Operating a Neuron Validator will contribute to the ecosystem’s decentralization and reward participants with daily NCN compensation.
A stable amount of native coins must be staked to become a validator.
To incentivize long-term engagement, 40% of the NCN supply will be allocated to Neuron Validator non-fungible tokens (NFTs), accompanied by a structured vesting plan.