OmniTensor
  • Welcome
  • Introduction
    • What is OmniTensor?
    • Vision & Mission
    • Key Features
    • Why OmniTensor?
      • Current Challenges in AI
      • How OmniTensor Addresses These Challenges
  • Core Concepts
    • AI Grid as a Service (AI-GaaS)
      • Overview of AI-GaaS
      • Benefits of AI-GaaS
      • Use Cases of AI-GaaS
    • Decentralized Physical Infrastructure Network (DePIN)
      • GPU Sharing Model
      • Incentive Mechanisms
    • AI OmniChain
      • Layer 1 and Layer 2 Integration
      • AI Model Marketplace and Interoperability
    • DualProof Consensus Mechanism
      • Proof-of-Work (PoW) for AI Compute
      • Proof-of-Stake (PoS) for Validation
    • OMNIT Token
      • Overview
      • Utility
      • Governance
  • Tokenomics
    • Token Allocations
    • Token Locks
    • ERC20 Token
    • Audit
  • OmniTensor Infrastructure
    • L1 EVM Chain
      • Overview & Benefits
      • Development Tools & API
    • AI OmniChain
      • Interoperability
      • Scalability
      • Decentralized Data & Model Management
    • Nodes & Network Management
      • AI Consensus Validator Nodes
      • AI Compute Nodes (GPUs)
  • Roadmap & Updates
    • Roadmap
    • Future Features
  • PRODUCTS
    • AI Model Marketplace
    • dApp Store
    • Data Layer
    • Customizable Solutions
    • AI Inference Network
  • For the Community
    • Contributing to OmniTensor
      • Sharing Your GPU
      • Data Collection & Validation
    • Earning OMNIT Tokens
      • Computation Rewards
      • Data Processing & Validation Rewards
    • Community Incentives & Gamification
      • Participation Rewards
      • Leaderboards & Competitions
  • For Developers
    • Building on OmniTensor
      • dApp Development Overview
      • Using Pre-trained AI Models
    • SDK & Tools
      • OmniTensor SDK Overview
      • API Documentation
    • AI Model Training & Deployment
      • Training Custom Models
      • Deploying Models on OmniTensor
    • Decentralized Inference Network
      • Running AI Inference
      • Managing and Scaling Inference Tasks
    • Advanced Topics
      • Cross-Chain Interoperability
      • Custom AI Model Fine-Tuning
  • For Businesses
    • AI Solutions for Businesses
      • Ready-Made AI dApps
      • Custom AI Solution Development
    • Integrating OmniTensor with Existing Systems
      • Web2 & Web3 Integration
      • API Usage & Examples
    • Privacy & Security
      • Data Encryption & Privacy Measures
      • Secure AI Model Hosting
  • Getting Started
    • Setting Up Your Account
    • Installing SDK & CLI Tools
  • Tutorials & Examples
    • Building AI dApps Step by Step
    • Integrating AI Models with OmniTensor
    • Case Studies
      • AI dApp Implementations
      • Real-World Applications
  • FAQ
    • Common Questions & Issues
    • Troubleshooting
  • Glossary
    • Definitions of Key Terms & Concepts
  • Community and Support
    • Official Links
    • Community Channels
  • Legal
    • Terms of Service
    • Privacy Policy
    • Licensing Information
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On this page
  • Total Supply
  • Token Generation
  • Token Burning
  1. Core Concepts
  2. OMNIT Token

Overview

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Last updated 6 months ago

Total Supply

OMNIT has a maximum supply of 1 billion tokens, designed to maintain scarcity and avoid inflation that could affect the ecosystem’s sustainability over time. This limited supply provides consistency in distribution and reward allocation, establishing OMNIT as a dependable asset within the decentralized AI marketplace.

Token Generation

New OMNIT tokens are produced through a mining process using the DualProof consensus system. This system combines Proof-of-Work (PoW) for AI computation with Proof-of-Stake (PoS) for validating consensus. Both miners and validators earn OMNIT tokens for their contributions, either through computational efforts or confirming AI model outputs.

Token Burning

OmniTensor applies a token-burning process to control the pre-minted supply. Similar to Ethereum's Ether, OMNIT tokens are progressively burnt, keeping the supply deflationary until mining and the AI training network are fully operational. This deflationary aspect helps maintain token value, while also creating incentives for early participants through scarcity.

Token Allocations