Emerging Cloud Server Cryptocurrency Mining Service Splitt Experiences Rapid Growth, Attracts Ten Thousand Investors in Less than Three Months 4092

Recently launched cloud server cryptocurrency mining service, Splitt is now making the heads turn in the global crypto community. Designed to make cryptocurrency mining user-friendly and safe for all, Splitt has secured an investment of well over $5 million from more than ten thousand investors over the last three months. 

November 10, 2018 

Splitt, a recently launched cryptocurrency mining service equipped with a cloud server, is now taking giant strides towards becoming a highly preferred choice amongst the crypt mining enthusiasts around the world. Following its mega launch in August, Splitt has done well to secure close to one hundred thousand users and ten thousand investors in less than three months. Official sources have revealed that the company has already received an investment of more than five million for further development of the business. 

As a result of drastic increase in the number of miners, bitcoin mining has become extremely competitive these days. Along with this growing competition, the bitcoin network has increased the difficulty level of solving the puzzles. As a result, it has become necessary now for the miners to up their game to stay in the race. 

The crypto cloud of Splitt meets these challenges by offering mining services with ASIC integrated chips. This is considered to be the latest breakthrough in crypto mining because it is faster compared to the traditional GPU and CPU mining, and consumes less power. Splitt cloud mining requires no specialized hardware as it utilizes shared processing power from data centres. 

Splitt

Thousands of users have recommended Splitt as their crypto mining alternative because of the following features. 

  • Flexible multi-algorithm cloud mining
  • No pool fees, no waiting for equipment and no system crashes
  • Hashpower is purchased and is retained for the whole contract duration.
  • Dedicated to transparency and discloses everything to the public
  • The company can be located easily and its representatives attend a number of events regularly
  • Mining a number of different cryptocurrencies from scrypt and proof of work algorithm coins as well as ASIC and GPU mining
  • Three-tier affiliate program and a lucrative bonus system

All Splitt users also have the opportunity to boost their mining contracts every week by winning Splitt Points. Moreover, the company is currently looking for a name for their Mascot and the winner coming up with the same will receive one thousand Splitt Points.  

As part of the company’s global expansion plan, Splitt has recently opened a fully operational office in Thailand. The office is headed by Certified Bitcoin Professional Mr. Taradon Kriwichet, who is available alongside his team on a daily basis to help the visitors. Interestingly, a high percentage of investors that have contributed to Splitt are from Thailand. Investors from Ghana, Italy, Germany, and Russia have also contributed generously. 

“We are happy to let you know that we have received an investment of more than $5 Million to grow our business. We have been unstoppable in the recent months, with more than 95k users and 10k investors,” said a senior spokesperson from Splitt. “Now, we also have a fully operational office in Thailand and much more is expected in the near future.”    

As a rapidly growing industry player, Splitt takes part in a number crypto conferences and forums all over the world. In the recent months, the company actively participated in three key industry events and the next one is coming up soon. In October, Splitt representatives conducted a successful workshop and networking conference in Ghana.

Splitt has an ambitious future plan that includes opening a Splitt Cafe in Thailand in January, 2019. To cater a rapidly expanding pool of users, the company has recently fine-tuned their web presence. The Facebook Fan page of Splitt has also been rebranded. More latest news and updates about Splitt is available at https://splitt.co/en/news

Mentioned below are the upcoming summits to be attended by Splitt

  • Ghana Summit No. 2 – 24 November 2018 – Miklin Hotel Conference Room (Contact John Kaakyire – 0249791008)
  • star2 Italy’s First-Ever Summit (with special Italian translator for Speaker CBP Taradon) – 01 December 2018 – Savoy Excelsior Palace Hotel – Contact Mr. Alex Vicini – 3296752612)
  • star2 Thailand Summit No. 4 – 16 December 2018 – Viva Garden Hotel (Contact Mr. Taradon Kriwichet – https://t.me/splittchat_th)

To stay up-to-date with all latest developments, Splitt users are encouraged to subscribe to the company’s Telegram Group at https://t.me/splittchat_en

The company requests all their customers to take part in an event survey by visiting the link https://splitt.co/en/forms/eventsurvey   

To find out more about Splitt, please visit https://splitt.co/en/

About Splitt: Splitt offers a user-friendly alternative to cryptocurrency mining from home at any time. It is suitable for amateurs as well as cryptocurrency experts working on a larger scale. The cloud mining service offers a fresh alternative to traditional means of cryptocurrency mining. The company’s priority is to offer a standardized, highly reliable, and high-performance cloud computing environment in all of the fifteen cities they serve at present. 

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AEON Partners With United Stables to Power Real-World Payments and x402 AI-Native Settlement 903

AEON, the foundational payment and settlement layer built for the new AI economy, today announced a partnership with United Stables ($U), a next-generation stablecoin designed to enable seamless value flow across payments, trading, and autonomous systems. Through this collaboration, AEON Pay now supports $U for real-world crypto payments, while AEON’s x402 Facilitator integrates $U as a settlement asset on BNB Chain, bridging everyday commerce and AI economy.

Bringing $U Into Everyday Spending

With this integration, users can now pay with $U across a wide range of real-world scenarios using AEON Pay, AEON’s Web3 mobile payment product. By scanning a merchant’s QR code, users can spend $U for offline shopping, dining, and daily purchases, while merchants receive local fiat settlement seamlessly.

AEON Pay currently supports offline payments at over 50 million merchants across Southeast Asia, Nigeria, Mexico, Brazil, Georgia, and Peru, with continued expansion planned across Africa and Latin America. The addition of $U extends its utility beyond digital finance, positioning it as a practical medium of exchange for everyday life.

AEON Pay is accessible via the Telegram MiniApp, as well as through integrations with leading wallets and platforms including Bitget Wallet, Binance Wallet, OKX Wallet, Solana Pay, OKX Pay, TokenPocket, KuCoin, and Bybit.

Powering AI-Native Settlement With x402 Standard

The collaboration also brings $U into AEON’s AI payment stack. AEON’s x402 Facilitator will support $U as a settlement asset on BNB Chain, enabling AI agents to transact autonomously using a stable, liquid unit of account.

AEON has been an early pioneer of AI payment standards such as x402 and ERC-8004, building infrastructure that allows intelligent agents to request, verify, and settle payments on-chain while connecting directly to real-world merchants. With $U integrated into this flow, AI agents gain access to a stablecoin purpose-built for fluid value movement between humans, applications, and autonomous systems.

Expanding the Real-World Use and AI Economy Together

U is designed to unify fragmented liquidity across use cases, from payments and DeFi to institutional settlement and AI-driven automation. By integrating $U into AEON’s global payment network and AI settlement infrastructure, this partnership connects on-chain liquidity with real-world commerce at scale.

AEON currently operates one of the largest crypto payment settlement networks using QR codes and bank transfers, serving over 20 million merchants and 200,000 users within four months of launch. Its payment infrastructure processes nearly 1 million transactions per month, with over $29 million in monthly volume across 50 million real-world merchants.

By combining AEON’s real-world payment reach and AI settlement capabilities with U’s next-generation stablecoin design, the partnership advances a future where stable value can move seamlessly across people, merchants, and autonomous AI,turning both everyday payments and AI commerce into a unified economic layer.

About U

$U is a next-generation stablecoin backed by fully fluid assets, designed to unify fragmented liquidity across trading, payments, DeFi, institutional settlement, and AI-driven autonomous systems. It is the embodiment of a “fluid” future where value flows seamlessly between humans and AI.

About AEON

AEON is the foundational payment and settlement layer built for the new AI economy. By pioneering support for emerging AI payment standards like x402 and ERC-8004, AEON is actively reshaping the internet’s production relations. Its AI payment and Web3 Mobile Payment solutions AEON Pay have processed 994k transactions with $29M+ in volume across 50M real-world merchants in Southeast Asia, Africa, and Latin America.

With the massive shift from the attention economy to the call-based economy, AEON provides the financial backbone required to power the next-gen agentic commerce at scale, and accelerate real-world adoption of crypto and AI.

MGC reports token holder stability during period of market volatility 1196

MGC has released updated information regarding recent activity related to its native token, highlighting patterns of holder retention observed during broader cryptocurrency market volatility.

According to internal data shared by the project, MGC’s holder base has remained comparatively stable over the past year, even as several gaming- and metaverse-related tokens experienced declines in participation. Analysts monitoring the sector have noted that MGC has shown fewer abrupt changes in holder distribution than is typically observed during periods of market stress.

During a recent market downturn that followed a sharp decline in Bitcoin prices and coincided with sell-offs across multiple altcoins, MGC did not reflect the same degree of short-term volatility seen elsewhere in the sector. Project representatives stated that the observed price behavior aligned with consistent on-chain holding patterns rather than external market activity.

Utility-driven token use

MGC functions as the native token within the Ranking Platform ecosystem. Within the platform, the token is used for in-platform activities such as game registration, participation in ranking mechanisms, position upgrades, and reward distribution. These functions are designed to support platform operations rather than speculative trading.

Project representatives indicated that usage-based interaction may contribute to longer holding periods, as participants engage with the token in the context of platform activity rather than short-term market movements.

Market stability as a magnet for new investors

Something interesting happens when a token behaves well during market stress: new investors pay attention. In the case of MGC, this effect has become increasingly visible.
When newcomers observe that the token does not collapse during volatility, their perception shifts from “another gaming token” to “a token whose community knows its value.” Stability becomes a narrative, and that narrative becomes a catalyst for new demand.

Community engagement and platform development

MGC representatives stated that ongoing development within the Ranking Platform continues in line with its published roadmap. The project reports steady participation from users engaging with platform features and updates, though it emphasized that adoption levels may vary over time.

The project characterized current activity as reflective of an engaged user base rather than market-driven momentum.

Context within the Web3 gaming sector

As the Web3 gaming sector continues to evolve, MGC positions its recent token metrics as an example of how platform usage and participant behavior can influence observed market activity. The project noted that market conditions remain dynamic and that outcomes depend on multiple external and internal factors.

Solstice and Cor Prime Execute First Institutional Stablecoin-for-Stablecoin Repo on a Public Blockchain 1325

The transaction was settled and serviced through Membrane’s post-trade credit infrastructure and executed under a GMRA and Digital Asset Annex, establishing the first standardized stablecoin funding market on public blockchains.

Solstice Labs, Cor Prime, and Membrane Labs today announced the successful completion of the first institutional stablecoin-for-stablecoin repurchase agreement (Repo) executed under traditional market documentation and settled on a public blockchain. The transaction marks the creation of a standardized, institutional-grade stablecoin funding market that brings familiar TradFi liquidity tools directly onto public blockchain rails.

The repo was executed bilaterally under a Global Master Repurchase Agreement (GMRA) and Digital Asset Annex, with asset and cash legs transferred directly between institutional wallets on Solana and Ethereum. Membrane’s institutional post-trade credit infrastructure provided onchain settlement, servicing, and lifecycle management, enabling cross-chain movement of assets with full ownership transfer and repo-style unwind.

This structure represents the first time a native stablecoin has served as the asset leg in an institutional repo. Solstice posted its native stablecoin, USX, as the asset leg, while Cor Prime provided USDC as the cash leg. The two legs will unwind at maturity at a price reflecting the agreed-upon repo rate. Unlike smart-contract lending pools, this transaction mirrors the legal, operational, and economic mechanics of traditional repo markets.

A New Funding Primitive for Stablecoins

Stablecoins vary widely in liquidity, regulatory treatment, and institutional adoption. Until now, issuers and traders have lacked the funding tools used in traditional markets to source liquidity, defend pegs, or access short-term financing without selling inventory. Overcollateralized loans and automated lending pools have been the only available models, neither of which resembles institutional repo structures.

By enabling USX to be financed against USDC through a standardized repo, Solstice gains new flexibility in balance sheet management and peg resilience. The structure also opens new avenues for investors to earn structured returns using market mechanics they already understand.

“This repo shows that stablecoins can use the same balance sheet tools as traditional market participants,” said David Plisek, COO of Solstice. “For Solstice and USX, it reinforces peg resilience through disciplined liquidity management and enables surplus capital to enhance structured, low-risk yield for the protocol without compromising stability.”

New Institutional Infrastructure for Onchain Credit Markets

Membrane provided the post-trade credit infrastructure required to execute, margin, settle, and service the repo across chains. Its platform enables institutions to transact using familiar legal documentation while benefiting from the speed and finality of public blockchain settlement.

“This is the first step toward a true institutional repo market for digital assets. Stablecoin collateral can now move with legal certainty, operational discipline, and term structure, all on public blockchains,” said Carson Cook, CEO at Membrane. “Membrane is building the pre-and post-trade credit infrastructure layer that will make this market function at global scale.”

Cor Prime supplied the institutional liquidity required to make the repo functional, acting as the OTC counterparty and enabling the first cross-chain repo settlement between stablecoins on a public network.

“Working in partnership with Solstice Labs and Membrane, this repo transaction demonstrates that systematically integrating off-chain liquidity with on-chain markets strengthens the entire ecosystem,” said Tim Bevan, CEO at Cor Prime. “The result is a more efficient market, where capital can move seamlessly to where it is best utilized.”

A Foundation for a Stablecoin Funding Curve

The successful completion of this transaction establishes the basis for a true funding market for stablecoins across public blockchains. As this structure evolves, issuers will be able to manage liquidity more effectively, market makers will gain access to stablecoin financing aligned with institutional standards, and investors will be able to earn repo-style returns backed by digital assets.

This is the first step toward a standardized stablecoin funding curve, bringing repo-style financing — one of the most important liquidity mechanisms in global markets — into the digital asset ecosystem.

About Solstice

Solstice Finance is a decentralized finance protocol developed by Solstice Labs AG, a Deus X Enterprise company, in partnership with the Solstice Foundation. Collectively they are reimagining asset management for the onchain era. Solstice’s Protocol leverages a licenced approved manager and fund to offer institutional-grade access to DeFi and TradFi investors. Key products include USX, a Solana-native stablecoin alongside Solstice’s YieldVault, a democratized yield-bearing protocol that allows participants to access institutional-grade delta-neutral yields.

Bolstering the group’s crypto credentials, Solstice Labs AG also operates Solstice Staking AG, one of the most trusted infrastructure providers in the industry, securing over $1 billion in assets across 9,000+ validator nodes.

Users can learn more at https://solstice.finance.

About Membrane

Membrane is the leading global provider of custodian- and blockchain-agnostic credit infrastructure. Its patented technology supports end-to-end pre- and post-trade workflows, enabling institutions to discover, execute, settle, and manage loan, repo, and collateral lifecycles with confidence.

Users can learn more at https://membranelabs.com/.

About Cor Prime

Cor Prime is an institutional-grade digital asset credit platform designed to deploy funding using bank-style risk architecture. The firm provides collateralised credit through legally segregated, bankruptcy-remote structures, combining rigorous counterparty due diligence, continuous collateral monitoring, and predefined margining and liquidation processes. Backed by first-loss capital and operating under regulatory oversight, Cor Prime enables institutional investors to access yield in digital asset markets with a strong focus on capital preservation and risk control.

Users can learn more at https://corprime.com/.

BlockSec Launches Phalcon Compliance 3.1 to Enable Faster, Easy-to-access KYT Screening for Crypto Assets 1839

BlockSec today announced the launch of Phalcon Compliance 3.1, an upgraded version of its blockchain compliance platform designed to support the rapidly evolving regulatory landscape across the Web3 and digital asset ecosystem. The release introduces a search-first compliance workflow that allows users to conduct KYT screening instantly, without requiring pre-payment, demo-driven onboarding, or account registration before users can run their first compliance checks. Phalcon Compliance 3.1 is aimed at exchanges, OTC desks, cross-border payment providers, compliance teams, and individual Web3 participants operating across multiple blockchain networks who require fast, scalable, and shareable risk intelligence.

Search-First Architecture for Faster KYT Screening

Phalcon Compliance 3.1 introduces a redesigned compliance workflow that lowers the initial barrier to on-chain risk screening (KYT/KYA) by allowing users to start screening immediately. In traditional compliance systems, KYT/KYA screening typically begins only after after registration, onboarding, and pre-sales processes, including booking demonstrations, completing KYB procedures, and finalizing commercial agreements. These steps can delay time-sensitive AML checks and counterparty verification in fast-moving on-chain environments.

With the new release, Phalcon Compliance adopts a Search-First Architecture that allows users to initiate scans directly from the product’s landing page. By entering a wallet address or transaction hash, users can immediately access compliance results without creating an account or completing onboarding, enabling faster access to compliance tools when speed is critical.

Phalcon Compliance 3.1 also introduces a unified Home Page that brings together multi-chain search, risk trend insights, screening history, and sample datasets in a single interface. Built-in sample data, including the Canadian alleged drug trafficker and former Olympic snowboarder Ryan James WEDDING, allows new users to explore platform capabilities before committing any data or setting up an account.

Lite Scan for Instant Risk Assessment

While the Search-First Architecture removes barriers to starting a scan, many real-world scenarios also require immediate access to risk conclusions without committing to a full subscription. For example, an exchange support team may need to quickly validate a withdrawal destination, or an individual user may want to check a recipient address before sending funds. In these cases, delays caused by subscription requirements can slow decision-making and increase operational risk.

To address this need, Phalcon Compliance 3.1 introduces Lite Scan Mode which enables users to view core risk screening results without subscribing to the full platform. Users can submit a wallet address or transaction hash and immediately access essential risk indicators, supporting rapid first-pass assessments.

The lite screening results include core risk labels, such as sanctions exposure, scam involvement, human trafficking, or mixer-related activity, alongside basic financial metrics and indicators of exposure to high-risk entities. By focusing on critical risk signals rather than full investigative detail, Lite Scan enables faster decision-making in scenarios where a complete investigation is not yet required.

Flexible Credit System and Expanded Payment Options

Phalcon Compliance 3.1 introduces a more flexible credit-based usage model aimed at organizations with fluctuating KYT screening volumes, as well as individuals and early-stage teams seeking predictable compliance costs. Rather than committing to fixed subscription tiers, users can purchase only the number of screening credits required at a given time, reducing unused capacity during low-activity periods while retaining the ability to scale screening activity during periods of higher demand.

The update also expands available payment options to accommodate users in different regions. Domestic users can now purchase credits through WeChat Pay, while international users have access to Cash App as an additional payment method. Existing options, including credit card and cryptocurrency payments, remain supported. According to BlockSec, the expanded payment support is intended to lower geographic and operational barriers for accessing professional blockchain compliance infrastructure.

Meeting Global Regulatory Expectations

Phalcon Compliance 3.1 expands the platform’s ability to support FATF-aligned Know Your Transaction (KYT) requirements and a wide range of regional regulatory obligations. The system maintains a database of more than 400 million labeled blockchain addresses and supports screening across major networks including Ethereum, Tron, BSC, Polygon, Base, and Optimism.

The platform’s millisecond-level API performance enables high-frequency, real-time screening workflows, while its integration with MetaSleuth, BlockSec’s crypto fund flow tracking and investigation platform, supports visual fund-flow analysis and investigative use cases. Phalcon Compliance 3.1 also enables one-click generation of Suspicious Transaction Reports (STRs), aligning reporting workflows with international regulatory standards.

BlockSec reports that the Phalcon Compliance and MetaSleuth platform is currently used by more than 500 clients worldwide, including cryptocurrency exchanges such as Coinbase and Bybit, as well as public-sector and regulatory organizations including the United Nations, the FBI, and the Securities and Futures Commission (SFC).

Referral Program Supporting Ecosystem Adoption

BlockSec has introduced a referral program alongside the Phalcon Compliance 3.1 release, aimed at lowering the cost of access to self-service AML compliance tools and encouraging broader ecosystem adoption. The program provides participants with three scanning credits for each new user.

In addition to scanning credits, the referral program includes a cashback component that offers up to 20% rewards on payments made by referred users. Cashback earnings become withdrawable once they reach 100 USD, with a lifetime cap of 10,000 USD per participant. According to BlockSec, the initiative is intended to support early-stage teams, independent practitioners, and smaller organizations as they begin or scale their compliance workflows.

Availability

Phalcon Compliance 3.1 is now available for all users.

Phalcon Compliance 3.1 Available Now – Ability to start screening in seconds

Referral Program – Earning rewards while sharing compliance tools

For inquiries concerning KYT workflows, DeFi compliance requirements or jurisdiction-specific regulations, users may contact the BlockSec team or consult the official documentation.

About us

BlockSec is a top blockchain security firm. It aims to boost security and compliance, which helps increase blockchain adoption. We blend academic knowledge with top industry solutions. This gives full, end-to-end protection for the ecosystem.

Uniform Labs Launches Multiliquid to Solve Tokenization’s $35B Liquidity Crisis 2029

Co-founder of Standard Chartered’s tokenization platform launches GENIUS-compatible protocol addressing critical liquidity gap across $35 billion tokenized asset market, unlocking instant conversions between yielding Treasury funds, illiquid RWAs, and stablecoins

Uniform Labs, a blockchain infrastructure company founded by Standard Chartered and UniCredit veterans and digital banking executives, today announced that Multiliquid, its institutional liquidity protocol, is now live in production following comprehensive build, audit, and testing phases.

Multiliquid enables instant, 24/7 conversion between blue-chip tokenized money market funds and stablecoins, eliminating the days-long redemption delays and illiquidity that have made tokenized assets incompatible with institutional treasury operations.

The protocol currently supports integrations with leading tokenized Treasury assets issued or managed by Wellington Management and other leading asset managers, enabling 24/7 instant liquidity. Available stablecoins include USDC and USDT, with additional assets to follow.

The announcement comes as the GENIUS Act reshapes the economics of dollar-backed stablecoins by prohibiting issuers from paying interest or yield directly to holders. Yield-bearing stablecoin models now face tighter scrutiny, and U.S. bank lobby groups have warned that loopholes allowing affiliates to pay yield could put trillions in deposits at risk.

With hundreds of billions of dollars in stablecoins unable to earn yield directly, institutions are in need of compliant ways to pair regulated, yield-bearing assets with the 24/7 liquidity of stablecoins. Multiliquid is built specifically for this environment – stablecoins remain pure payment instruments, while yield comes from tokenized money market funds and other regulated real world assets (RWAs) connected via Multiliquid’s swap layer.

The protocol is also designed to fix the core weakness in today’s tokenization boom – illiquidity. While the tokenized RWA market has surged to more than $35 billion, non-Treasury assets, including private credit, private equity, real estate, and commodities, are still structurally illiquid, with redemptions tied to issuer-controlled windows rather than continuous secondary markets.

A November tokenization report from global regulator IOSCO notes that tokenized asset adoption remains limited and that efficiency gains are uneven because tokenized products still rely heavily on off-chain trading, settlement, and intermediary infrastructure. The Bank for International Settlements (BIS) recently warned in its bulletin that tokenized money market funds face a liquidity mismatch between on-chain and off-chain flows. The BIS believes the risk underscores how today’s tokenization boom could amplify stress if illiquidity persists.

Even for flagship tokenized Treasury funds like BlackRock’s BUIDL, redemptions have been constrained by traditional settlement cycles, in contrast to the promise offered by blockchains of 24/7 instant settlement.

Multiliquid is built to close this gap by allowing institutions to swap between tokenized money market funds or other blue-chip RWAs and stablecoins in a single atomic transaction, allowing portfolios to move at blockchain speed without waiting on issuer redemption cycles.

“The tokenization thesis only works if these assets are actually liquid,” said Will Beeson, founder and CEO of Uniform Labs, and previously co-founder of Standard Chartered’s tokenized asset platform.

“There’s essentially zero secondary liquidity for most tokenized assets, whether money market or private credit funds, with investors largely forced to wait for issuer-controlled redemption windows. Right now, most RWAs are just poorly wrapped versions of the same old assets. Multiliquid is the missing liquidity layer between tokenized assets and stablecoins, so that onchain capital markets can actually function in real time.”

Through Multiliquid, holders can access instant liquidity anytime. The protocol’s architecture supports tokenized money market funds, private credit, private equity, real estate, and other RWAs with the same instant settlement capability.

“For large asset owners, tokenization only becomes compelling when it fits cleanly into existing liquidity and treasury workflows,” said Mark Garabedian, Director of Digital Assets and Tokenization Strategy at Wellington Management. “Infrastructure that can reconcile regulated funds with always-on stablecoin rails is an important part of making tokenized portfolios practical at scale.”

Angelo D’Alessandro, COO of Uniform Labs and former CEO of UniCredit’s Buddybank, added: “For decades, institutional finance accepted that yield and liquidity don’t coexist. That was never a law of nature – just a limitation of the pipes. Multiliquid is new pipes, built to run finance at internet speed.”

Use cases span automated stablecoin sweeps, on-chain repos, instant RWA redemptions, on-chain treasury management, and collateral optimization for exchanges and trading platforms seeking to generate risk-free yield on stablecoin balances.

For more information, please visit: https://www.multiliquid.xyz/

Gensyn Launches $AI Token Sale on Sonar 2715

The token sale offers 3% of the token supply, a bonus multiplier for Testnet participants, and the opportunity to receive a Gensyn branded GPU workstation. https://token.gensyn.network/

$AI Details:

The Gensyn Foundation (“Gensyn”) today launches its $AI token sale on Sonar, marking a major milestone ahead of its upcoming Mainnet. The sale introduces the native token that will coordinate payments, staking & security, and governance across the Gensyn network.

The a16z-backed, decentralised AI network is preparing for Mainnet and launching the $AI token sale. The Gensyn Testnet has already demonstrated rapid traction, including:

  • 2,000,000+ AI models trained
  • 165,000+ users
  • 90,000,000+ transactions (575,000 per day)

The $AI token is the utility currency for the Mainnet network, a network where anyone can contribute AI compute, training signals, models, or evaluation criteria and where performance is priced transparently in real time. The combination of deterministic verification, open evaluation, and decentralised compute forms a market-driven system for continual learning, directed by true economic interest and supplied by anyone, or any system, in the world..

The sale offers 300,000,000 tokens (3 percent of supply) through an English auction with a valuation floor of $1 million FDV and a valuation cap of $1 billion FDV, matching the price of Gensyn’s last a16z-led funding round two months ago. The sale runs on Ethereum Mainnet with USDC or USDT and a $100 minimum bid, while tokens will be claimed on the Gensyn Network (L2).

About the Testnet Multiplier:

In addition to priority allocation, verified Testnet users will also receive a bonus token multiplier on their purchase amount, taken from a 2% reward pool. The exact multiplier will be based on each user’s participation throughout the Gensyn Testnet, as well as their bid amount in the sale. Higher participation and bid amounts equal a higher multiplier, with the majority of the multiplier coming from their Testnet participation. Multipliers will grant additional tokens on top of the purchase amount for no extra cost.

“We’ve had huge success testing our infrastructure and applications on testnet and we’re ready to move to the next phase, operating with real value and game theoretic security on mainnet. Doing a public sale ahead of launch allows us to focus on fair distribution and prioritise community members who have supported the testnet and show conviction in our thesis.”- Ben Fielding, Co-Founder and CEO, Gensyn AI