๐ง ๐ Empowering AI with OpenFabric AI! ๐๐ฌ
๐ Let's dive into key features and potential of #OFN in this captivating thread! ๐งต๐
1๏ธโฃ Introduction and Overview: OpenFabric AI is a decentralized Layer 1 AI protocol designed to build and connect AI applications. It harnesses the power of blockchain, advanced cryptography, and innovative infrastructure to provide a groundbreaking framework for AI-Apps.
2๏ธโฃ Technology and Features: OpenFabric AI uses blockchain technology to ensure execution scalability and eliminate vendor lockup. It lowers the infrastructure demand and technical expertise required to utilize AI-Apps, thereby facilitating new market opportunities.
3๏ธโฃ Whitepaper Analysis: It's a Layer 1 protocol for AI applications. Utilizes blockchain for scalability and flexibility. $OFN token is the native digital currency. Tokenomics define creation, distribution, and utilization. Token is used for consensus, AI-App integration, and governance.
4๏ธโฃ Use Case: The $OFN token serves as a vital component in promoting responsible network behavior and facilitating various functionalities. It is used for transaction fees, staking, or as a medium of exchange.
5๏ธโฃ Team and Leadership: Led by Founder & CEO Andrei Tara, OpenFabric AI boasts a seasoned team with proven past experience.
6๏ธโฃ Partnerships: Partnerships include IllumiShare SRG, ZkSync, Carbon Browser, Caduceus, Reef, IPFS, API36, and others.
7๏ธโฃ Security and Audits: Recognized by Certik as one of the most secure cryptocurrencies, $OFN has undergone stringent security audits by Hacken.
8๏ธโฃ Tokenomics: Total supply of $OFN tokens is 500 million, and circulating supply of 61.52 million, forming the economic backbone of the platform.
9๏ธโฃ Exchanges: $OFN tokens can be traded on KuCoin, MEXC, Bitget, and PancakeSwap v3 (BSC).
๐ Recent Developments: In 2023, OpenFabric AI launched four Community AI apps, achieving massive early adoption. They also attended various web3 and AI events.
1๏ธโฃ1๏ธโฃ Conclusion: OpenFabric AI merges AI with blockchain, offering a decentralized platform for building and connecting AI applications. With its native $OFN token, robust technology, partnerships, and strong team, it's poised for significant contributions to AI and blockchain.
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