Tokenomics In the #OpenfabricAI network, tokenomics defines | Mallory Vause bdIF on Binance Square

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Mallory Vause bdIF

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Tokenomics	In the #OpenfabricAI  network, tokenomics defines the creation, distribution, and utilization of the #OFN  token, forming the economic backbone of the platform.

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#Openfabric Network The network layer contains nodes implementing the core service and the execution environment. Operating on top of a federated P2P network, the #Openfabric protocol provides core services by integrating modules which manage storage, execution, interoperability, rating, etc. The #OFN workers are specialized nodes running on top of the Infrastructure providers’ hardware. At this level, the AI algorithms are being executed inside a secured environmen

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The #Openfabric platform includes the high-level system components; it abstracts the infrastructure complexity from the uppermost levels, facilitating the business use cases and integration with extension modules. The main components are: • store (DApp) - marketplace providing the end-user with access to platform functionalities; • #Openfabric toolkit - contains the collection of IDE exten- sions, CLI tools, libraries, frameworks, and development tools used by AI innovators. • #Openfabric SDK - provides programmatic access to the platform functionalities; • Openfabric daemon - represents the client maintaining the #OFN #crypto

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Smart contract In the #Openfabric AI network, the OpenfabricToken.sol smart contract, an #BEP20 standard contract, is utilized for token generation. #OFN

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The #OFN token is the native digital currency of the #Openfabric AI network, serving as a vital component in promoting responsible network behavior and facilitating various functionalities.

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Openfabric AI native token In this section, we explore the multifaceted utility of #Openfabric AI's native currency, $OFN, delving into its core functions within the network. Topics covered include the $OFN token itself, its integration with smart contracts, and the underlying tokenomics that govern its use. Understanding these aspects is vital for anyone interacting with the Openfabric AI ecosystem, as they define how $OFN facilitates transactions, governs behavior, and drives innovation on the platform. #ofn #trad

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