AiLayer Token: Fueling AI-Powered Blockchain Innovation
AiLayer is a blockchain platform that leverages the power of artificial intelligence (AI) to significantly enhance performance, efficiency, and security compared to conventional blockchain networks. Its native token, AiLayer, plays a crucial role in powering the platform's various functions and incentivizing participation.
At the heart of AiLayer lies its unique Proof of Artificial Intelligence (PoAI) consensus algorithm, which utilizes AI to select validators for the network. This novel approach offers several key advantages:
Improved Performance:
- Faster Transaction Processing: PoAI enables faster transaction processing than traditional consensus algorithms like Proof-of-Work (PoW), leading to a more efficient and streamlined user experience.
- Reduced Transaction Fees: The efficient nature of PoAI results in lower transaction fees, making the network more accessible and attractive for a broader user base.
Enhanced Security:
- AI-powered Validator Selection: AI algorithms carefully analyze potential validators, mitigating the risk of malicious actors infiltrating the network and ensuring its long-term stability and security.
- Enhanced Fraud Detection: AI actively scans for fraudulent activities within the network, further bolstering security and trust for all participants.
Scalability for Future Growth:
The AiLayer token plays a vital role in this ecosystem:
- Transaction Fees: AiLayer fuels transaction fees, incentivizing network participation and securing the platform's operations.
- Staking: Users can stake their AiLayer tokens to participate in the PoAI consensus algorithm and earn rewards for contributing to network security and validation.
- Governance: AiLayer holders have voting rights on proposals that influence the platform's development and future direction, fostering a decentralized and community-driven governance model.
What is the highest value AiLayer (ALY) has ever reached?
AiLayer (ALY) reached its peak price at 0.004809 $ on 28 December 2023, approximately a year ago ago. Presently, the current price is -98.84% lower than this all-time high.
What is the historical minimum price for AiLayer (ALY)?
The minimum price reached for AiLayer (ALY) was 0.00003298 $, documented on 07 February 2024, more than a year ago. In comparison, the current price is 68.07%, it above this historical low.
What is the fully diluted valuation of AiLayer (ALY)?
The fully diluted valuation (FDV) of AiLayer (ALY) stands at $ 11,085.74. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 200,000,000 ALY tokens. The realization of this FDV might take several years depending on the emission schedule of ALY tokens.
How to add AiLayer (ALY) to MetaMask?
By integrating AiLayer (ALY) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import ALY as a token. You can either manually import ALY by copying its contract address (0xc1ab96aa2f623279bbe31cd0315746bd44a4560f) or use MetaMask's Chrome extension to add ALY with a single click through Pirate.Place.
How to add AiLayer (ALY) to TrustWallet?
Incorporating AiLayer (ALY) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include ALY, you can either manually import it using the contract address (0xc1ab96aa2f623279bbe31cd0315746bd44a4560f) or conveniently add it to Trust Wallet with just one click via Pirate.Place if you've installed Trust Wallet's Chrome extension.
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