6.1 Introduction to the Role of AIC Token Assets in AIConnect
The production of AIC tokens is based on the computing power of the AIConnect network, with a total quantity of 210 million.
In AIConnect, AIC tokens (used as circulating assets in the AIConnect computing power network, a type of Token) serve as a medium of exchange, with the following important functions:
a. Medium of Exchange: As a digital asset, blockchain tokens can represent value in transactions. When suppliers provide computing resources, demanders can use tokens for payment, facilitating value exchange.
b. Incentive Mechanism: The token incentive mechanism can encourage suppliers to provide more computing resources. For example, suppliers can receive tokens as rewards to encourage them to provide higher quality services or increase their resource supply.
c. Contract Execution: AIC can be used in conjunction with smart contracts to automate transaction execution. Smart contracts can programmatically specify transaction conditions and execution processes, ensuring fairness and reliability of transactions.
d. Market Pricing: The price of AIC can float freely according to market supply and demand, forming an effective price discovery mechanism. This helps ensure that the pricing of computing resources is reasonable and fair.
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