OpenLedger (OPEN) tokenomics: staking, governance and gas
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Summarizes the known OPEN token utilities: governance, slashable AI agent staking, contributor rewards and gas on its AI-native L2. Notes 2M OPEN allocated to yapper rewards, about 0.2% of a rumoured 1B supply.
Key claims
AI agents must stake OPEN and can be slashed for poor performance
2M OPEN allocated to yappers, about 0.2% of rumoured 1B supply
With the @OpenledgerHQ and $OPEN TGE approaching, it's time to have a look at what we already know about the (work in progress) tokenomics.
The OPEN token is the economic backbone of the Openledger ecosystem, and designed to create a self-regulating, incentive-driven AI services economy. Let's have a look.
Key Utilities:
➤ Governance: Holders vote on key protocol and ecosystem decisions, including funding, network upgrades or regulatory guidelines.
➤ AI Agent Staking: The core utility. AI agents must stake OPEN to participate, which can be slashed for poor performance, creating an economic incentive for high-quality, reliable AI services.
➤ Incentives & Rewards: Functions as the ecosystem's economic incentive layer, rewarding data providers, AI devs, and validators for valuable contributions to the network.
➤ Gas Token: Serves as the native gas token to pay the fees for transactions on OpenLedger's AI-native L2.
While a lot of details around the tokenomics remain unknown so far, 2M OPEN have been allocated to yapper rewards. With a rumoured supply of 1B tokens, that would be 0.2% of total supply.
More information in my Openledger deep dive below.
QUOTING @zerokn0wledge_
𝗢𝗽𝗲𝗻𝗹𝗲𝗱𝗴𝗲𝗿 𝗧𝗵𝗲𝘀𝗶𝘀: 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗶𝗻𝗴 𝘁𝗵𝗲 𝗗𝗮𝘁𝗮 𝗟𝗮𝘆𝗲𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗜 𝗦𝘁𝗮𝗰𝗸 Just a few thoughts on @OpenLedgerHQ's position within the DeAI vertical, its trajectory going into TGE season, and the billion dollar market it addresses. Recommended read for all my fellow AI enjoyooors ↓ ➀ 𝗪𝗧𝗙
𝗢𝗽𝗲𝗻𝗹𝗲𝗱𝗴𝗲𝗿 𝗧𝗵𝗲𝘀𝗶𝘀: 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗶𝗻𝗴 𝘁𝗵𝗲 𝗗𝗮𝘁𝗮 𝗟𝗮𝘆𝗲𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗜 𝗦𝘁𝗮𝗰𝗸 Just a few thoughts on @OpenLedgerHQ's position within the DeAI vertical, its trajectory going into TGE season, and the billion dollar market it addresses. Recommended read for all my fellow AI enjoyooors ↓ ➀ 𝗪𝗧𝗙