LitePaper - WEB3GO DATA INTELLIGENCE NETWORK
  • Vision
  • Introduction
    • What is data intelligence?
    • Why do we call it a network?
    • Why do we need blockchain?
  • What problem do we address?
    • Challenge 1: Difficulties in accessing and understanding blockchain data
    • Challenge 2: Difficulties in verifying the authenticity of data
    • Challenge 3: Difficulties in rewarding data contributors
    • Solution for the Next Generation of Blockchain Data Products
  • Web3Go Data Intelligence Network
    • Basic Elements
    • Components
    • Participants
    • Workflow
    • Use Cases
    • $Tokenomics
  • Roadmap
    • Roadmap
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  1. Web3Go Data Intelligence Network

$Tokenomics

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Last updated 2 years ago

Web3Go Data Intelligence Network's tokenomics is designed to incentivize participants to contribute to the network's growth and development. The network uses tokens as a medium of exchange within the network, providing access to data participation, processing, analysis, and insights.

The tokenomics of the network include:

  1. Token Distribution: The network distributes tokens to participants who contribute to the network's growth and development. Consumers pay tokens to Web3Go to use the network's services, and Web3Go incentivizes consumers by rewarding them for correcting data. Data activity participants are incentivized by rewarding them with tokens for processing data into the corpus, and validators are incentivized by rewarding them with tokens for validating data.

  2. Token Functionality: The tokens provide access to data processing, analysis, and insights. They also allow participants to vote on proposals and decisions that affect the network's development.

  3. Token Value: The token value is determined by supply and demand. As the network grows and more participants join, the demand for tokens increases, which can lead to an increase in token value.

  4. Token Usage: Tokens are used to pay for data processing, analysis, and insights, as well as for voting on proposals and decisions. Participants can also buy, sell, or trade tokens on crypto exchanges.

Overall, Web3Go Data Intelligence Network's tokenomics is designed to incentivize participants to contribute to the network's growth and development by providing rewards for their contributions. The use of tokens as a medium of exchange within the network helps to ensure that participants are motivated to actively participate and collaborate, leading to a more robust and reliable data processing and analysis platform.