Tokenomics
Last updated
Last updated
Aiden’s tokenomics structure revolves around its governance token, designed for transactions, incentives, and community involvement.
Transaction Fees: Cover various costs, including:
Gas Fees: Rewards validators for executing smart contracts.
Network Fees: Payments to validators for transaction processing.
Conversion & Withdrawal Fees: Charged when converting points to cryptocurrency or transferring to external wallets.
Incentive Rewards: Users earn points through Aiden's search services, which can be converted into cryptocurrency.
Governance Participation: Token holders vote on system updates and policies, with rewards varying by participation level.
Initial Distribution: Tokens allocated to early investors.
Token Sales & Strategic Partners: Attract investors and support partnerships.
Incentive Pool: Distributed to users for engaging with services.
Development & Governance Funds: Reserved for platform growth and governance-related activities.
Supply and Demand: Token value rises as demand grows.
Token Burn: Reduces circulating tokens, supporting long-term value.
Decentralization: All transactions are recorded on blockchain for transparency.
User Data Protection: User data is tokenized to secure privacy.
Aiden’s tokens follow the ERC-20 standard on the Ethereum blockchain, ensuring compatibility and security.
Aiden uses an open API with Ethereum and the Plasma layer for scalability and decentralized app (DApp) integration.
DApp Frontend: User interface.
Open API Gateway: Routes frontend requests.
Ethereum Node & Plasma Chain: Manages contracts and transactions.
IPFS/Swarm: Decentralized storage for large files.
Smart Contracts: Executes business logic on Ethereum and Plasma.
DB (Oracle): Integrates external data to the blockchain.
MetaMask: Enables user authentication and transaction signing.
This setup offers scalability (via Plasma), security (via Ethereum), and flexibility through an open API for DApp development.
