AIOT Token Utility

AIOT Token is the core economic instrument in the AIoTChain ecosystem, designed for transaction payments, incentive mechanisms, and governance voting, ensuring sustainable network growth and decentralized governance.

Core Token Utilities

1. Transaction Payments

   • Device Data Transactions: IoT devices use AIOT tokens to buy and sell data on the decentralized data marketplace.

   • Computing Resource Leasing: Users or devices can use AIOT tokens to rent computing power within AIoTChain, including edge computing and cloud services.

   • Smart Contract Execution Fees: AIOT tokens are used to process and execute smart contracts, preventing spam and malicious transactions.

2. Incentive Mechanism

   • Device Operation Rewards: IoT device operators and node maintainers receive AIOT token rewards for contributing computing or storage resources.

   • Data Contribution Rewards: Devices that contribute high-value data (e.g., sensor readings, environmental data) receive AIOT incentives.

   • Security Contribution Rewards: AIOT tokens incentivize active participation in consensus, ensuring a secure and stable network.

3. Governance Voting

   • AIOT token holders can participate in on-chain governance, voting on protocol upgrades, governance rules, and ecosystem development.

   • AIoTChain uses a Decentralized Autonomous Organization (DAO) model to ensure fair decision-making power for the community.

Use Cases

• Smart Cities: Urban sensor nodes trade traffic and air quality data using AIOT tokens.

• Industrial IoT: Equipment operators receive AIOT token incentives for maintaining high operational standards.

• Smart Homes: Users use AIOT tokens to purchase smart home automation services like device maintenance and energy management.