GuShiio.com This article will introduce in detail the token replacement process, the logic behind it, the reasons for the upgrade and the innovative changes it brings.
Written by: Yuliya, PANews
The rapid development of AI technology has driven the rise of DeAI. As a decentralized AI data layer developed by Pundi X, Pundi AI is committed to breaking the monopoly of centralized platforms on high-quality AI data through data tokenization and economic incentive models. With the brand upgrade and token renaming,$FX will be renamed to $PUNDAI in a 100:1 ratio on February 25. This article will introduce in detail the token replacement process, the logic behind it, the reasons for the upgrade and the innovative changes it brings.
Reconstructing the AI data value chain
Pundi AI’s token replacement is not a simple token name change, but an important part of its AI data ecosystem strategic upgrade. The core of the AI industry lies in computing power, algorithms and data, and the scarcity of data and the monopoly of centralized platforms are the main bottlenecks currently facing. Through a decentralized approach, Pundi AI attracts more data contributors and promotes the improvement of data quality for AI model training.
The current AI industry faces three major pain points: data monopoly, privacy disclosure, and uneven quality:
- Centralized platform monopoly:For example, Google and OpenAI spend US$60 million a year on Reddit data, making it difficult for small and medium-sized developers to obtain high-quality resources.
- Data bias and inefficiency:The uneven quality of open Internet data has led to poor performance of AI models in professional fields (such as medical care and finance).
- Lack of contributor incentives:Data providers cannot obtain reasonable returns, forming a “giant bloodsucking” model.
Pundi AI has introduced the “Tag-and-Earn” model, which uses browser plug-ins to turn data annotation into easy and interesting interactive activities, attracting more contributors to participate, and providing more diverse and high-quality data for the AI model. In addition, Pundi AI tokenizes and transacts AI data in the form of NFT, achieving clear data property rights and transparent transactions, and promoting data flow and value discovery.
Full-stack product matrix
Pundi AI builds more complete decentralized AI data products through token swaps and brand upgrades, including:
- Pundi AI Data Platform:A central platform specially used for AI data management supports uploading data in text, pictures, video, audio and other formats to carry out the entire process of labeling and verification to ensure transparency and traceability.
- Pundi AIFX Omnilayer: Cross-chain AI data processing platform can distribute AI-related tasks (such as data annotation and verification) to participants around the world. No matter which blockchain network users use, they can seamlessly participate in tasks and receive rewards, while also reducing transaction costs. For example, if data annotation tasks are published on Ethereum, global users can complete tasks on other chains (such as Base) and receive rewards. The entire process is automatically completed by the platform.
- Purse+ browser plug-in:Purse+ is a browser plug-in that allows you to easily participate in Pundi AI’s data collection work while surfing the Internet every day. When browsing the web, you can use the plug-in to annotate text, pictures or videos to train the AI model. You will receive a $PUNDIAI token reward for each valid annotation. In addition, the plug-in also supports team collaboration capabilities, allowing you to annotate data and participate in discussions with other users.
- AI Data Market:The tagged data is equivalent to intellectual property, and data contributors can put the data into the market. AI developers, organizations and researchers can purchase high-quality, filtered data sets here by category to train AI models. The platform uses $PUNDAI token as the settlement currency, automatically completes payments and allocations through smart contracts, and buyers obtain NFT ownership certificates of the data.
- AI MM Agent: It is an intelligent market maker system by monitoring the transaction pool in real time to predict and respond to market changes. The main functions include: transaction early warning (monitoring large transactions and flash loans), dynamic liquidity adjustment (automatically narrowing or expanding the price range based on market conditions), execution in the same block (completing operations in the same block by optimizing Gas fees when necessary), and intelligent risk control (analyzing price trends, trading volume and volatility of trading pairs such as ETH/USDC). When large transactions are discovered, the system will quickly adjust the price range of LP tokens to avoid arbitrage by MEV robots and ensure higher fee income. Through the collaborative operation of these functions, AI MM Agent can not only provide a better trading experience, but also bring stable benefits to vePUNDAI holders. It is an intelligent market-making solution that integrates efficiency, security and profitability.
Dual token model improves practicality and governance participation
Pundi AI is building an innovative dual business line ecosystem. In the Web2 field, the platform helps AI companies obtain high-quality data and generates revenue through a 10% data release fee and a 10% transaction commission; in the Web3 field, developers can purchase AI data, train agents, and issue tokens on the platform for market making. This part of the business generates revenue through 1% Agent transaction fee, LP fee, 10% project incentive fee, and whitelist application fee. All revenue from these two business lines will be given back to ecosystem participants.
In order to better support this innovative ecosystem, Pundi AI will carry out a token swap. This token swap will reduce the existing $820 million FX tokens to $8.2 million PUNDAI in a 100:1 ratio, significantly increasing the scarcity. At the same time, FX has been fully unlocked and is purely community-driven. There is no institutional unlocking and selling pressure. 65% of the tokens are still pledged at the verifier node, providing potential support for the token price.
Since $FX has launched head exchanges such as Upbit and Coinbase, a centralized exchange that supports redemption, token swaps will be automatically completed by the exchange, and users do not need to operate manually. The number of tokens will be automatically updated at a ratio of 100:1.
For self-managed holders on the chain, manual replacement is required.
- AIFX Omnilayer (formerly f(x)Core):Automatic replacement. Regardless of whether FX tokens are pledged or unpledged, the system will automatically upgrade them to PUNDIAI without additional operations. Tokens under pledge will continue to receive rewards according to the original mechanism after upgrading.
- Base Ethereum Network:Manual replacement. Please visit the designated page and follow the page guidelines to manually upgrade FX tokens to PUNDAI. Alternatively, you can choose to bridge FX tokens back to Pundi AIFX Omnilayer for automatic token swaps.
After the token swap,$PUNDAI and $vePUNDAI will form a dual token model:
- $PUNDIAI: Circulation and payment medium, used for data transactions, pledges and handling fees.
- $vePUNDIAI: Governance rights certificate, locking tokens to obtain voting rights, all business income of the ecosystem will be remitted to the agreement revenue pool and fed back to $vePUNDIAI holders through various methods, including weekly project token incentives, LP pool revenue sharing, agreement revenue sharing.
This innovative dual line of business structure combines the dual token model, drawing on Curve’s ve mechanism, Pump.fun’s AI agent release mechanism and Aerodrome’s ve3,3 voting model, and effectively incentivize long-term holding through a lock-in mechanism. This design not only balances the two business segments of AI data services and Web3 developer services, but also ensures the sustainable development of the ecosystem and creates long-term value for token holders through scientific token economics design.
Does the flywheel effect turn on?
Pundi AI’s token replacement strategy essentially represents its strategic upgrade and architectural reshaping in the AI data ecosystem field. This transformation is redefining the operating paradigm of the AI data market by building a decentralized data infrastructure and an innovative token economic model.
Judging from current market data, Pundi AI is in a critical period of value revaluation. In terms of market size, after completing the 100:1 token swap, the circulation supply was 8.06 million pieces. As an AI domain token launched on both Upbit and Coinbase, its current circulating market value is at a low level among similar projects. Referring to the valuation levels of similar projects on the market RNDR (fully diluted valuation of approximately US$3 billion), significant differences in size can be observed.
Historically, token shrinkage events like Aave (LEND to AAVE) are often accompanied by significant valuation increases. At the industry trend level, as the grayscale research report positions the AI data foundation layer as the core track of the encryption economy, the integration of AI + Crypto technology has become an industry consensus.""
Pundi AI is building a self-driven ecological closed loop: attracting high-quality data providers through a carefully designed token incentive mechanism, promoting the continuous accumulation of high-quality data assets, and then attracting AI developers to conduct application development and innovation based on the platform. The prosperity of the developer ecosystem can create more value realization opportunities for data contributors and form a benign ecological growth cycle. With this full-stack solution, Pundi AI is expected to become an infrastructure-level gateway that drives hundreds of millions of Web3 users to access the AI economy.
In addition, Upbit will suspend Function X (FX) recharge and withdrawal services at 10:00 a.m.(UTC+8) on February 26, 2025;FX/BTC transactions will be suspended from 1:00 p.m.(UTC+8) on February 28, 2025 until further notice will be given after the name change and token exchange work are completed. When trading support is restored, the market name will be changed to PUNDAI/BTC.
原文链接
