CAI Token

CAI Token Introduction

The Role of $CAI in the Chasm Ecosystem

$CAI is the cornerstone token of the Chasm Ecosystem, designed to support and empower builders, scouts, and all participants within the community. Key aspects of $CAI include:

• Empowerment and Recycling: $CAI tokens are recycled to create Expansion Scouts. The required number of $CAI tokens for becoming an Expansion Scout is determined by a bonding curve mechanism.

• Benefits for Holders: $CAI holders enjoy various benefits such as discounts, access to exclusive ecosystem services, and potential airdrops from partners and projects.

• Facilitation of Elections: $CAI is instrumental in facilitating elections, enabling the onboarding of orchestrators in a Proof of Authority setup.

Tokenomics

1.1 Basic Details

• Token Name: Chasm AI

• Token Ticker: $CAI

• Total Supply: 1,000,000,000 (1 billion) tokens

1.2 Future and Current Token Utility

• Governance: $CAI holders can participate in network governance decisions

• Access Token: Users can pay $CAI to access different resources available in Chasm Network. (Payment for API/Prompt/Workflow access on Weave Marketplace)

• Reward for Proof of Work (PoW): Miners/validators earn $CAI for bootstrapping the network

• Payment Token: Used to compensate for work done within the ecosystem

• Registration Fee: Scouts must pay a fee in $CAI to register on the network

Note: $CAI will not function as the de-facto currency within the network, but is a possible choice.

2. Scout Reward System

2.1 Weekly Reward Pool

• $CAI mining reward pool is 50% of the total supply, or 500,000,000 tokens

• Total $CAI released weekly is scaled based on the amount of nodes present in the system.

3. User Payments

3.1 User Payments (future implementation)

• Users can pay inference USD/USDC for consistent billing

• Fiat onboarding solution to exchange USD for USDC

3.2 Payment Calculation

• Scout payment: Based on competitive free market rates

• Orchestrator payment: Cost of Scouts + Routing Cost set by orchestrator

4. Potential future implementations

4.1 Network Fees

• Potential fixed-cut tax on network payments

• Additional small fees for various network usages

4.2 Priority Queue System

• VIP system for high-performing scouts

• Entry requires burning, recycling, or staking $CAI

• Provides access to a limited queue for top server status and increased job opportunities

5. Summarized Token Release Schedule and Distribution

• Investors Allocation: 15% (6 months cliff, 2 years vesting)

• Team: 20% (1 year cliff, 3 years vesting)

• Treasury: 15% (Unlocked via DAO voting)

• Scouts: 50% (Released via mining emission)

Note: The tokenomics are subject to potential changes.