AIT Protocol presents itself as a groundbreaking Web3 data infrastructure project focused on data annotation and AI model training. It leverages blockchain technology to create a decentralized marketplace that transcends borders, allowing participants to engage in "Train-to-Earn" tasks. These tasks not only provide participants with rewards but also contribute to the advancement of AI models and solutions. By significantly reducing the costs associated with data annotation and offering high-quality training data, AIT Protocol aims to lead the AI revolution, making AI accessible and efficient for businesses and researchers worldwide.

$AIT is the native and governance token of the AIT Protocol ecosystem. It plays a central role in accessing various features of the AIT platform, including paying for marketplace subscription fees, data processing, AI rentals, and launchpad services. With a fixed supply of 1 billion tokens, $AIT also participates in a deflationary model where over 70% of the supply has been burned as of June 2024, with ongoing buyback and burn mechanisms to reduce the supply further.

The primary purpose of the $AIT token is to facilitate transactions within the AIT Protocol ecosystem. It is used to pay for services such as data processing, AI model rentals, and subscription fees within the decentralized marketplace. Additionally, $AIT serves as the governance token, allowing holders to participate in decision-making processes related to the platform's future developments and policies.

The $AIT token has several key use cases within its ecosystem:
- Payment for Services: $AIT is used to pay for various services on the AIT Protocol, including marketplace subscriptions, data processing tasks, and AI model rentals.
- Governance: Token holders can use $AIT to participate in governance decisions, influencing the direction and policies of the AIT Protocol.
- Incentivization: Users earn $AIT tokens through the "Train-to-Earn" model, incentivizing contributions to AI development and data annotation tasks.
- Burn Mechanism: The ongoing buyback and burn mechanism reduces the circulating supply, potentially increasing the token's value over time.

The value of the $AIT token is influenced by several factors:
- Supply and Demand: As more participants use $AIT for services and governance within the ecosystem, demand for the token increases, impacting its price.
- Burn Mechanism: The regular buyback and burn process reduces the circulating supply, which can create upward pressure on the token’s price.
- Ecosystem Growth: As the AIT Protocol expands and more users and developers join the platform, the increased utility of $AIT can positively affect its market value.

The $AIT token has a fixed supply of 1 billion tokens. Initially, the tokens were distributed to various stakeholders, including the team, investors, and the community. Here are the details of the initial $AIT token allocation:
- 10% for ecosystem and liquidity
- 4% for investors
- 3.7% for contributors
- 14.4% in circulation
- 67.9% reserved for burn

As of June 2024, over 70% of the total supply has been burned, leaving additionally reduced circulating supply. The ongoing buyback and burn mechanisms are set to continue until the supply is reduced to 20% (200,000,000 $AIT) or less, ensuring a deflationary trend for the token.

If you wish to explore the live distribution of the $AIT tokens on the Ethereum chain, use the insights offered by this page.

The portion allocated for investors had a variable vesting, with most token cliffed for the first 6 months, followed by 6-14 months of linear vesting. The contributors allocation was vested over 24 months. The ecosystem & liquidity allocation, which is intended for staking and additional liquidity, was vested over 12 months (part of it is subjected to burn).

For more details about the $AIT crypto’s vesting schedules refer to the project’s documentation (the tokenomics section).

The $AIT token powers a decentralized marketplace that innovates by integrating blockchain technology with AI model training and data annotation services. The platform’s unique "Train-to-Earn" model incentivizes global users to participate in AI development, ensuring rapid growth and high-quality data for AI training. Additionally, AIT Protocol’s involvement in the Bittensor network, particularly with the Einstein-AIT subnet, highlights its commitment to decentralized machine learning, providing specialized mathematical and logical reasoning AI services.

The $AIT token distinguishes itself through its unique focus on AI and data annotation within a decentralized marketplace. Unlike many other cryptocurrencies, $AIT is deeply integrated into an ecosystem designed to advance AI technology by leveraging a global, decentralized workforce. The token's deflationary model, with ongoing buybacks and burns, further sets it apart by actively reducing supply, which is uncommon in many other crypto projects.

According to the project’s official outlets, the AIT Protocol team consists of experts dedicated to revolutionizing Web3 data infrastructure and AI model training. The project is backed by strategic partnerships, including collaboration with General TAO Ventures (GTV), which brings additional expertise at the intersection of blockchain and AI. However, specific details about individual team members have not been publicly disclosed, in line with the project’s focus on decentralization and community-driven growth.

When it comes to exploring the $AIT token price and its live on-chain metrics on Ethereum, there’s no better place than this page. But if you are interested in the AIT Protocol project’s progress, latest partnerships, new potential token utilities, and other announcements, then you need to check out the project’s official website, social media channels (like X (former Twitter) and Telegram), and other official outlets. You can find links to these sites in the “Token Links” section on this page.