Alisa Davidson
Revealed: January 03, 2025 at 4:30 am Up to date: January 03, 2025 at 4:31 am
Edited and fact-checked:
January 03, 2025 at 4:30 am
In Temporary
Bybit launches ai16z on ByVotes, permitting customers to solid votes for AI16Z and assist decide which initiatives get listed on its spot buying and selling platform, with profitable voters sharing in a prize pool of fifty,000 AI16Z.
Cryptocurrency alternate Bybit introduced the launch of ai16z (AI16Z) AI agent platform on ByVotes, permitting customers to solid votes for AI16Z and assist decide which initiatives get listed on its spot buying and selling platform. Customers who efficiently vote for initiatives which can be listed can share in a prize pool of fifty,000 AI16Z tokens.
With a view to take part, customers are inspired to first deposit funds into their Bybit accounts. Bybit will take 24 hourly snapshots every day to calculate the common asset holdings of every participant. These every day snapshots can be used to find out the variety of votes a consumer receives primarily based on the eligible belongings of their account, equivalent to USDT, USDC, USDE, USDD, DAI, and CUSD. The extra of those belongings a consumer holds, the extra votes they are going to obtain.
The voting interval has already begun and can run till 8 AM UTC on January eighth. Throughout this time, customers can solid votes for his or her most popular initiatives. Voting a number of instances for a single mission is allowed, and as soon as AI16Z reaches the mandatory vote threshold, it is going to be listed on the spot buying and selling platform.Â
Votes can be boosted via referrals. Customers can invite mates to hitch Bybit utilizing their referral code, and for each buddy who indicators up and votes, they are going to earn further votes to additional help their chosen mission.Â
What Is AI16Z And AI16Z Token?
ai16z is the primary enterprise capital agency pushed by AI brokers, using the Eliza framework to allow brokers to work together on platforms like X and Discord, together with voice help on Discord. These brokers can learn and summarize hyperlinks, PDFs, and conversations, in addition to work together with the blockchain. The initiative is led by an AI agent modeled after enterprise capitalist Marc Andreessen, with the goal of leveraging AI and collective intelligence to information funding choices. Nonetheless, it’s necessary to notice that there isn’t any affiliation with Andreessen Horowitz (a16z), and the mission is a parody.
Not too long ago, the platform introduced plans to introduce a token launchpad within the first quarter of 2025, much like platforms like pump.enjoyable. This launchpad might turn out to be a central hub for deploying AI initiatives primarily based on the Eliza framework, with the AI16Z token serving as the first foreign money for agent-to-agent interactions. The launchpad might characteristic numerous value-capture mechanisms, together with launch charges, staking of the AI16Z token for entry, and strategic liquidity pool pairings. Moreover, in keeping with a doc shared by contributors, AI16Z might discover the potential of launching a Layer 1 blockchain particularly designed for AI functions.
In the meantime, its AI16Z token serves a twin function throughout the ecosystem. It supplies holders with governance rights throughout the DAO, permitting them to vote on proposals and affect the mission’s route whereas additionally functioning as a utility token throughout the ai16z community.
Over the previous week, AI16Z noticed a 176% rise in worth, pushing its market cap to over $2.2 billion, making it the third-largest AI-related token. This surge adopted the announcement from cryptocurrency alternate Binance that it might supply perpetual futures contracts for AI16Z, alongside different AI agent initiatives.
Disclaimer
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About The Creator
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
