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AIS Token: The Native Currency
The native cryptographically-secure fungible protocol token of the AI.Society platform (ticker symbol AIS) is a transferable representation of attributed utility functions specified in the protocol/code of the AI.Society platform, designed to be used solely as an interoperable utility token thereon. By establishing the AIS token as the native currency, AI.Society creates a unified and efficient economic system within the metaverse.
AIS is a functional multi-utility token that will be used as the medium of exchange for all economic activities and transactions within the metaverse and participants in the AI.Society platform, in a decentralized manner. The goal of introducing AIS is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the AI.Society platform without any intermediaries such as centralized third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. AIS does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will AIS entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Panama, Singapore or any relevant jurisdiction. AIS may only be utilized on the AI.Society platform, and ownership of the same carries no rights, express or implied, other than the right to use AIS as a means to enable usage of and interaction within the AI.Society platform. The secondary market pricing of AIS is not dependent on the effort of the AIS Project Contributors, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including AIS). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.
Users can utilize AIS to purchase virtual properties, such as land, houses, and decorations, and hire and customize AI chatbot NPCs. As the platform currency, AIS can also be used to purchase additional services or subscriptions for accessing premium content and insights. The token forms the basis of the metaverse's economic ecosystem, facilitating the creation of a vibrant and dynamic marketplace.
Further, AIS provides economic incentives that will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem of AI.Society platform, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts. AIS is an integral and indispensable part of the AI.Society platform, because without AIS, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the AI.Society platform. Given that additional AIS will be awarded to a user based only on its actual usage, activity, and efforts made on the AI.Society platform and/or proportionate to the frequency and volume of transactions, users of the AI.Society platform and/or holders of AIS which did not actively participate will not receive any AIS incentives.
AIS tokens are distributed to Node operators as rewards for contributing to the AI engine. They receive AIS tokens as a reward for their contribution to the AIS Engine.
AIS token holders are incentivized to contribute to the AI.S metaverse project. They can earn AIS tokens by creating and contributing content generation in the AI.S metaverse, such as Metaverse content, AI prompt engineering, Oracle problem contribution, etc. They can also earn AIS by participating in various activities and events within the AI.S metaverse, such as quests, challenges, competitions, etc.
AIS token holders are also able to stake their tokens to actively participate in the AI.S governance or screening of data quality, and response filtering for further token rewards.