Home | Cryptocurrency Guide | What Is AIOZ Network (AIOZ)? A Comprehensive Guide

What Is AIOZ Network (AIOZ)? A Comprehensive Guide

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Key Takeaways

  • AIOZ Network is a decentralized content delivery network (dCDN) built on its blockchain and achieves interoperability with both Ethereum and Cosmos.
  • It utilizes a global network of devices (nodes) to share storage, memory, and bandwidth resources for content delivery.
  • The project aims to provide faster, more secure, and lower-cost content delivery compared to traditional CDNs.

What Is AIOZ Network (AIOZ)?

AIOZ Network is a Layer-1 blockchain aiming to revolutionize Web3 technologies like artificial intelligence (AI), data storage, and streaming. It functions as a decentralized content delivery network (dCDN) powered by a global network of users who contribute their spare computing resources.

The sharing economy incentivizes users with AIOZ tokens, the network’s native currency. The project boasts features like instant finality, low transaction fees, and interoperability with both Ethereum and Cosmos blockchains, allowing developers to seamlessly build and deploy decentralized applications (dApps).

How Does AIOZ Network (AIOZ) Work?

AIOZ Network functions as a decentralized content delivery network (dCDN) built on its blockchain, aiming to revolutionize web3 media delivery. Here’s a breakdown of how it works:

Leveraging a Global Network of Nodes

Anyone can participate in the network by running an AIOZ node on their device, contributing storage space, bandwidth, and processing power. These nodes collaborate to store, transcode (convert media files to different formats), and deliver content efficiently.

Blockchain for Security and Transparency

AIOZ utilizes a Layer-1 blockchain based on the Cosmos framework with Ethereum Virtual Machine (EVM) compatibility. This blockchain ensures secure data storage, and transparent governance, and facilitates communication between nodes.

Consensus Mechanism

The AIOZ Network blockchain relies on a delegated Proof of Stake (dPoS) consensus mechanism, also known as Byzantine Fault Tolerance (dBFT)  for securing the network. This mechanism is built on top of the Tendermint core, which contributes to the network’s features.

Benefits of AIOZ Network

  • Faster content delivery – By leveraging geographically distributed nodes, AIOZ offers faster content delivery compared to traditional CDNs.
  • Enhanced security – Decentralized storage eliminates central points of failure, making the network more resistant to cyberattacks.
  • Cost-effectiveness – By cutting out middlemen, AIOZ offers a more cost-efficient way to deliver content.
  • Potential for earnings – Users running AIOZ nodes can earn rewards for contributing resources to the network.

AIOZ Network (AIOZ) Token and Tokenomics

AIOZ Network (AIOZ) is a project aiming to revolutionize video streaming through a decentralized content delivery network (dCDN). Here’s a breakdown of their token and its functionalities:

Tokenomics (V2)

  • Utility
  • Staking – Users can stake AIOZ for network security and earn rewards.
  • Node rewards – Users running nodes on the network are rewarded with AIOZ.
  • Transactions – AIOZ is used for payments within the network for services and apps.
  • Controlled Inflation Reduction

AIOZ implements a system to gradually reduce inflation, aiming to make the token more valuable over time. This reduction also strengthens network security by making it less susceptible to attacks.

  • Token Burns

AIOZ network regularly burns a portion of tokens, further reducing overall supply and potentially increasing value.

Token Details

Total Supply 1,078,758,136 AIOZ

Circulating Supply 1,078,758,136 AIOZ

Current Price $0.7966

Market Capitalization $859,324,848

This information is current as of March 12th, 2024. Please note that the token’s price, market value, and available supply may fluctuate.

Distribution

  • Private Sales – 7.3%.
  • Public Sales – 1.7% (fully unlocked).
  • Team – 25% with a 6-month cliff followed by an 8% monthly release.
  • Advisors – 5% with a 3-month cliff followed by an 8% monthly release.
  • Marketing – 5% with a 10% unlock upon exchange listing and 5% unlocked monthly thereafter.
  • Exchange Liquidity Provision – 3% reserved for supplying liquidity on various exchanges.
  • Ecosystem Growth – 53% with a 3-month cliff, used for partnerships, user acquisition, network fees, validators, and future development.

In simpler terms, a little over half (53%) of the tokens are reserved for ecosystem growth, while a significant portion goes to the team (25%). Public and private sales make up a smaller percentage (around 9%). There are also allocations for advisors, marketing, and exchange liquidity.

Where Can I Buy AIOZ Network (AIOZ)?

  • Gate.io: This exchange provides AIOZ trading along with other cryptocurrencies and margin trading options.
  • Bybit: This exchange is known for its derivatives and margin trading features, but you can also use the platform for spot trading.
  • Coinbase: A popular and user-friendly exchange that allows you to buy cryptocurrencies with various payment methods, including bank transfers, debit cards, and wire transfers.

Still struggling to find AIOZ? Head over to CoinMarketCap, search for “AIOZ Network (AIOZ),” and explore the “Markets” tab. This will reveal a list of exchanges where the token is actively traded, allowing you to compare options and find the one that best suits your preferences.

Is AIOZ Network (AIOZ) A Good Investment?

Whether AIOZ Network (AIOZ) is a good investment for you will heavily depend on your investment goals and risk tolerance. Here’s a quick overview:

Pros:

  • Efficiency and Cost – AIOZ utilizes unused computing power to create a distributed network, potentially offering lower costs and faster speeds compared to traditional content delivery networks.
  • Scalability – The network can theoretically scale infinitely as more devices join, making it suitable for the ever-growing demand for data storage and transfer.
  • AI Integration – AIOZ incorporates AI for optimizing file distribution, caching, routing, and even video compression, potentially leading to a more efficient network.

Cons:

  • Project Maturity – AIOZ is a relatively new project, and its technology is still under development. This means there’s a higher degree of uncertainty compared to established players.
  • Competition – The decentralized content delivery network space is crowded with various projects. AIOZ needs to effectively compete and carve out a niche for itself.
  • Cryptocurrency Dependence – The AIOZ token is used to incentivize users to participate in the network, and the value of the token directly affects the network’s overall health.

Ultimately, investing in this asset class is inherently risky. Do your research, understand the risks, and never invest more than you can afford to lose.

Final Thoughts

AIOZ Network presents a compelling vision for the future of Web3 infrastructure, aiming to revolutionize content delivery, storage, and AI functionalities. Before diving in, conduct thorough research, understand your risk tolerance, and invest responsibly. AIOZ Network has the potential to disrupt the traditional content delivery landscape, but its success hinges on its ability to navigate a crowded market and deliver on its ambitious vision.

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