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Summary of MeromAI
Overview
- Meromai is a human-powered AI platform based on Open Source models.
- Participants receive points for submitting prompts, curating responses, and providing computing power.
- Points can be converted to $AIMR tokens.
Background
- ChatGPT changed the AI world in 2022.
- Meromai was formed in 2023 as a decentralized alternative to corporate dominance in AI.
Tokenomics
- $AIMR token has a max total supply of 1 Billion.
- Initial liquidity of 100 Million
About MeromAI
At the forefront of innovation, MeromAI is a pioneering force in the realm of artificial intelligence, blockchain, and cryptocurrency.
Overview
Meromai is a pioneering, human-powered AI platform built upon open-source models, operating on a globally decentralized network. Participants are incentivized with points for submitting prompts, curating responses, and contributing computing power. These points can be seamlessly converted into $AIMR tokens. The resulting AI models will be seamlessly integrated into applications, empowering individuals to work, shop, play, and interact with the world in a more efficient and intuitive manner.
Contextual Framework
In the fall of 2022, ChatGPT revolutionized the world of artificial intelligence. However, the rapid ascendance of AI was soon monopolized by large corporations, which established closed, expensive, and proprietary infrastructure. In response, we founded Meromai in early 2023, with the vision of creating a decentralized alternative to the corporate stronghold on AI.
During Epoch I, which commenced in June 2023, the Meromai team conceived and developed a pioneering, vertically integrated, decentralized, and human-powered Open Source AI platform. Subsequently, the team trailblazed Human-Powered AI, crowdsourcing the curation of Open Source AI data sets across a diverse range of topics, engaging thousands of participants. This milestone marked the inaugural step in MeromAI’s mission to democratize AI networks, liberating them from the dominance of large corporations and placing them in the hands of the global community.
Economic Token Structure
The $AIMR utility token, boasting a capped total supply of 1 billion, is meticulously designed to incentivize active participation within the MeromAI decentralized AI platform. The $AIMR token is now available for utilization. Notably, there was no pre-mining, private token sale, KOL round, or ICO, ensuring a fair and transparent launch. The initial liquidity of 100 million $AIMR was strategically divided evenly between the Ethereum and Base blockchain networks, resulting in a low Fully Diluted Value (FDV) of $800,000. This deliberate approach was employed to combat the prevalent issue of low float and high FDV launches, which often deprive the community of fair price discovery, leading to skewed and unfair distribution. We firmly believe that our approach marks a significant milestone in our journey towards establishing the world’s largest community-owned, decentralized AI stack based on Open Source. Emissions are reserved exclusively for meaningful contributions within the Meromai stack and will be awarded over an 8-year period, spanning all major phases of the Meromai Roadmap, including AI training on Open Source models, Decentralized Physical Infrastructure Network (DePIN) participation, AI Agent Development, and other interactive means that foster the decentralization of and access to Meromai multimodal AI models.
Participation in activities and earning emissions typically necessitate a contribution of $AIMR tokens.
Launch Timeline
- Epoch 1: Establishment of the Meromai AI Infrastructure Platform (complete)
- Epoch 2: Internal and External AI Training Initiatives for $AIMR Incentives
- Epoch 3: Meromai DePIN Participation with $AIMR Rewards
- Epoch 4: Development of AI Agents, Tools, and Interfaces in Exchange for $AIMR Rewards
- Epoch 5: Transition to a Hybrid Reward System Combining $AIMR and Meromai Platform Fees
- Epoch 6: Predominance of $AIMR Rewards in the Form of Meromai Platform Fees
Project Overview
- A total of 5% of all Meromai Participation Contributions will be subject to a burning mechanism, with an anticipated annual burn rate of 2.4%, over a period of 8 years, resulting in a total of 192 million.
- In order to safeguard the long-term vision and interests of the Meromai Community, it may be necessary to implement temporary participation caps to regulate emissions, as and when required.
- The continued participation of each user is contingent upon the quality of their contributions, encompassing prompts, responses, labels, ratings, and tags.
- Meromai participation is predicated on a contribution-based model, with the contribution amount being subject to periodic adjustments.
- The ratio of Points Rewards to $AIMR is influenced by a multitude of factors and is, therefore, subject to change.