Basic Concepts of AI Cryptocurrency
As the name implies, AI cryptocurrency is a digital asset designed specifically for AI-related application projects or services. These AI cryptocurrencies are usually issued on blockchain platforms, among which Ethereum's ERC-20 or Binance Smart Chain's BEP-20 standards are the most widely used.
Coindesk, a well-known blockchain media platform, pointed out that AI cryptocurrency plays three main functions in the current ecosystem:
As a medium of exchange: users can use these tokens to pay for services, store relevant data and participate in platform activities.
Governance function: holders can participate in the decision-making process of AI-related projects or platforms and influence the development direction of subsequent plans.
Reward mechanism: individuals have the opportunity to obtain tokens by contributing data, providing computing resources or developing AI applications.
