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DePIN Platform Axlflops Unveils Token Generation Event With $10 Million $AIGT Token Rewards

The community reward initiative will span two months, wrapping up in March, with 10 million $AIGT tokens allocated across two separate pools. Decentralized Physical Infrastructure Network (DePIN) Axlflops has kicked off its much-anticipated token generation event (TGE) for its native token, $AIGT. This token will function as the utility token within the Axlflops ecosystem, encouraging and rewarding community engagement. The launch of this event aligns with the start of its first community rewards program, which will distribute a total of 10 million $AIGT tokens—equivalent to 1.4% of the entire token supply—through several reward pools. The TGE and the rewards program will officially begin on January 22nd, 2025, with the rewards initiative continuing until March 22nd. By offering these incentives, Axlflops intends to encourage both GPU suppliers and community members to contribute to building a more decentralized computing infrastructure. The recently unveiled project offers a DEPIN that aims to democratize AI computing, balancing the need for computing resources across a decentralized network. Moreover, the network uses advanced algorithms to deliver flexible, accessible, and cost-efficient computing power to all users. Axlflops Plans to Distribute 10 Million $AIGT Tokens The community rewards program will be split into two distinct pools: one dedicated to worker rewards and the other for the general community. The first pool, “worker rewards for GPU providers,” is the larger of the two, with plans to distribute 8 million $AIGT tokens, while the second pool, “community questing rewards for regular users,” will contain a 2 million $AIGT rewards pool. Participants have the chance to engage in both pools simultaneously to maximize their earnings. During the initial phase, ending on March 31, GPU providers can join the decentralized physical infrastructure network (DePIN) without any staking requirements, allowing them to choose their desired participation length. Final token distributions will depend on Computing Resource Contributions and Hardware Performance Ratings, with a tiered structure that provides welcome bonuses, weekly rewards, and uptime bonuses. GPU providers can track and claim their rewards through the official Axlflops website. The community quest rewards will be available on the Galxe and Taskon platforms, where participants can earn rewards by engaging in various activities on social media and the platforms themselves. Tasks that offer rewards include following Axlflops on social media, joining community activities, and interacting with the official website. After the event concludes on March 22nd, participants will receive their distributions, while daily GPU mining rewards will continue to be issued according to Axlflops’ standard protocol. Transforming Decentralized AI Computing Axlflops distinguishes itself from other decentralized AI computing companies with its unique approach to democratizing AI computing resources. The platform integrates both individual GPU providers and established cloud services, creating a collaborative environment where private and public clouds coexist within the same partner network. Additionally, the platform features an innovative dual staking mechanism, requiring GPU providers to stake 95% of their tokens, while token holders must stake 5% of $AIGT tokens. This fosters a cooperative ecosystem and offers user-friendly features such as a 7-day unstaking period, competitive service fees (0.2%), and the ability to withdraw daily rewards immediately. Furthermore, Axlflops has introduced an advanced ‘Instance Grading System’ that assesses GPU performance as well as the entire hardware ecosystem, including CPU, RAM, storage, and network capabilities. This ensures accurate performance evaluations and equitable reward distribution, creating a strong ecosystem where AI developers, data scientists, enterprises, and all users needing computing resources can access them at optimal prices. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice Crypto Potato

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MicroStrategy Added 11K Bitcoin for $1.1B, Pushing Holdings to 461K BTC

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Led by Executive Chairman Michael Saylor, MicroStrategy (MSTR) has again added to its massive bitcoin (BTC) stack. In the week ending Jan 19, the company purchased 11,000 BTC for $1.1 billion, taking its total holdings to 461,000 BTC. This latest bitcoin average purchase price was $101,191, increasing MicroStrategy`s overall average purchase price to $63,610. Once again, executive chairman Michael Saylor teased the announcement on X on Sunday with the caption, "Things will be different tomorrow." Since the tweet, Saylor has posted multiple photos of himself with Eric Trump, crypto czar David Sacks and Robert Kennedy Jr. MSTR shares are down modestly in premarket action, with bitcoin trading at $104,500, lower by a hair from late Friday afternoon. U.S. stocks were closed on Monday due to the MLK holiday. Crypto Potato