Overview

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 Alocations

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.