EMETH White Paper
  • EMETH White Paper
  • 1. Introduction
    • 1-1. The Need for a Global Distributed Computing Platform
  • 2. Project
    • 2-1. EMETH's Vision
    • 2-2. Overview of EMETH Project
      • 2-2-1. Data Privacy Protection
      • 2-2-2. Hybrid Parallel Processing
      • 2-2-3. EMETH L2 Roll Up
  • 3.Token Economy
    • 3-1. EMETH ($EMETH) Token Overview
    • 3-2. Token Allocation
    • 3-3. EMETH Token Utility
    • 3-4. GPU Mining Program
      • 3-4-1. Staking Program.
    • 3-5. Calculation Method for JOB Execution Fees
    • 3-6. Overview of fee state transition
  • 4. Node
    • 4-1. Benefits that EMETH node can enjoy
    • 4-2. How to Become a EMETH Node
      • 4-2-1. How to set up EMETH Node for Windows users
      • 4-2-2. How to set up EMETH Node for Ubuntu users
      • 4-2-3. How to set up EMETH Portable for mobile device users
  • 5. Service
    • 5-1. AI Inference
      • 5-1-1 Pricing
    • 5-2. Rent GPUs
  • 6. DAO
    • 6-1. EMETH DAO
  • 7. EMETH Architecture
    • 7-1. Overview
      • 7-1-1. Splitter
      • 7-1-2. Aggregator
      • 7-1-3. Verifier
      • 7-1-4. Signer
    • 7-2. Layer 1 Entire Process
    • 7-3. Layer 2 Entire Process
  • 8. ROADMAP
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  1. 3.Token Economy

3-3. EMETH Token Utility

The EMETH token is a versatile cryptocurrency designed to serve multiple purposes within the EMETH ecosystem, incentivizing participation, and fostering community governance. The key utilities of the EMETH token include:

  1. Payment for Computing Resources: AI and ML companies can use EMETH tokens to easily access and pay for GPU computing power provided by network participants. This streamlines the process of acquiring the necessary computational resources for their projects.

  2. Staking Rewards: GPU providers and other network participants have the opportunity to stake their EMETH tokens, demonstrating their commitment to the network. In return, they can earn attractive rewards, incentivizing active participation and contributing to the EMETH ecosystem.

  3. Governance and Decision-Making: EMETH token holders play a crucial role in shaping the future of the ecosystem through active participation in governance decisions. By holding and using EMETH tokens, they gain the ability to influence the development, upgrades, and overall direction of the EMETH ecosystem, ensuring that it remains community-driven and aligned with the interests of its stakeholders.

The EMETH token serves as the backbone of the EMETH ecosystem, facilitating efficient transactions, encouraging active involvement, and empowering the community to collectively guide the network's growth and success.

The improved version provides more context and detail for each utility, highlighting the benefits and importance of the EMETH token within the ecosystem.

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Last updated 1 year ago