According to Foresight News, the decentralized GPU cloud infrastructure Aethir announced that it has suspended the $50 million token exchange plan previously agreed with io.net. Instead, it will launch a $50 million Aethir community rewards program to distribute the ATH tokens originally allocated for the exchange to Aethir network participants.
The planned distribution includes: 1. $20 million worth of ATH tokens will be distributed to Checker Node License holders. Everyone is eligible to receive a minimum amount of ATH. Users who have staked at least 2,500 ATH in each Checker License and those who have been staking since the TGE will receive bonuses. Aethir will take snapshots every day to determine eligibility, and the last snapshot will be on July 23, 2024. 2. The remaining $30 million worth of ATH tokens will be allocated to the ATH-AI staking pool within 24 weeks to increase returns and support the development of artificial intelligence applications on the Aethir network.