Utility

Transaction Fees

OMNIT tokens are required for processing all activities and updates across the OmniTensor blockchain. Whether deploying AI-driven dApps, running models, or interacting with smart contracts, OMNIT acts as the main currency for covering gas fees and transaction expenses within the ecosystem.

Incentives and Rewards

Participants in the OmniTensor ecosystem receive OMNIT tokens for their contributions. GPU owners who share their computational power, community members who validate datasets or models and developers offering AI solutions are all rewarded with OMNIT. These tokens also serve as incentives for participants in OmniTensor’s decentralized AI marketplace.

• AI Services Payment Businesses and developers within the network use OMNIT tokens to pay for services like inference tasks, model training, or accessing pre-trained models. This payment method ensures that services within the decentralized AI network are efficiently settled using the platform's native token.

• Staking OMNIT tokens are essential in the Proof-of-Stake (PoS) consensus layer. Token holders can stake their OMNIT to become validators, helping maintain the security and performance of the OmniTensor blockchain. In return, stakers earn rewards, encouraging long-term involvement and participation in governance.

• Cross-Chain Interoperability Beyond the OmniTensor ecosystem, OMNIT tokens are compatible with other blockchain networks via the ERC-20 standard. This allows OMNIT to be used in decentralized finance platforms, such as decentralized exchanges, lending protocols and liquidity pools. This expands the token’s utility into the broader crypto economy, extending its reach beyond AI applications.