INITE WHITEPAPER
IniteInfiniteApp
  • Introduction
    • The future of ideation, collaboration, and value creation
  • Market Opportunity
    • Generative AI: A Nascent Revolution, Limited by Access and Misalignment
    • Web3 Meets AI: The Trillion-Dollar Potential of Autonomous Agents
  • The Inite Protocol
    • AI Agents: Personalized Creativity Partners
    • Ideate, Develop, Monetise: An Integrated Platform for Innovators
    • Privacy, Provenance, Profit-Sharing: Enabled by Web3
  • Technology Overview
    • Decentralised Infrastructure: Arweave, IPFS, Soulbound Tokens
    • Developer Ecosystem: Open-Source Building Blocks for Inite Apps
  • Community & Ecosystem
    • Partner Network: Integrations Across Web3 and AI
    • Incentive Flywheel: Rewarding Collaboration at Every Stage
  • Tokenomics
    • INIT: Governance Rights and Staking Rewards
    • IDEA: Medium of Exchange for the Inite Economy
    • Capture Value: Via Marketplace Fees, AI Training, Premium Features
    • Allocation
    • Rounds
  • Roadmap
    • 2020-2021: Building Web3 and AI Foundations
    • 2022: MVP Launch and 10K User Milestone
    • 2023: Custom AI Agents and Ecosystem Integrations
    • 2024: Global Expansion Fueled by Seed Round 2
    • 2025: Autonomous Protocol with Next-Gen AI
  • The Opportunity of a Lifetime
    • For Organizations: Harness Decentralised AI Innovation
    • For Investors: Be Part of a Transformative Web3 and AI Platform
  • Next Steps
    • Join the Community and Shape the Future of Innovation
    • Invest in the Protocol and Capture Value as Inite Grows
    • Join Us on the Journey Ahead
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  1. Tokenomics

IDEA: Medium of Exchange for the Inite Economy

IDEA is the utility token that fuels all economic transactions within the Inite ecosystem. It is earned by contributing value to the network and can be spent to access premium services, stake for rewards, or trade on secondary markets.

Some of the key use cases for IDEA include:

- Idea Submission: Innovators can stake IDEA to submit their ideas to the platform, with higher stakes required for more prominent placement or faster review times.

- AI Assistant Services: Utilize IDEA to access our advanced SaaS AI assistants on infinite.inite.io for a multitude of services including website creation, marketing strategy development, and legal advice.

- Collaboration Rewards: Contributors who provide valuable feedback, skills, or resources to help develop an idea can earn IDEA based on the impact of their contributions.

- IP Licensing: IDEA is used to license intellectual property rights for ideas and innovations generated on the platform, with a percentage of each transaction going to the original creator(s).

- Marketplace Transactions: IDEA is the default currency for all purchases, sales, and auctions conducted on Inite's decentralised marketplace, including data sets, AI models, and innovation-related services.

- Staking and Governance: IDEA can be staked alongside INIT to participate in governance decisions and earn additional rewards, providing a way for all participants to have a voice in the direction of the protocol.

Unlike INIT, IDEA has an elastic supply that can expand or contract based on the needs of the ecosystem. New IDEA is minted as a reward for value-added contributions and burned when used to pay for platform fees or staking penalties. This mechanism helps to ensure that the supply of IDEA remains in line with the demand for its utility within the ecosystem.

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Last updated 1 year ago

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