Aethir launches $50 million community reward program to incentivize active ecosystem participants

Aethir and io.net token swap update

After lengthy discussions, Aethir has announced that its planned $50 million token swap with io.net will be put on hold in the short term. This was a joint decision between the two foundations (more on this below).

With this in mind, the Aethir Foundation is pleased to announce the Aethir Community Rewards Program, which will allocate $50 million worth of ATH tokens, initially intended for the exchange program, to community participants who have made valuable contributions to the Aethir community and further incentivize active participants who continue to interact with the Aethir ecosystem.

Why suspend the token swap plan with io.net? The main reason is that the timing is not right. The two foundations could not agree on the timing and quantity of the token swap, so they finally decided to suspend the token swap and explore it again in the future. The Aethir Foundation prefers to execute the swap plan in a shorter period of time, while the io.net Foundation has chosen a longer distribution period. Aethir and io.net will continue to maintain their existing strategic partnership to unlock the potential of the decentralized GPU computing field. Aethir will continue to be the largest contributor of enterprise-level GPUs (H100 and H100) in the io.net network.

Aethirs Community Rewards Program

As Aethir continues to drive innovation in AI, gaming, and virtual computing, Aethir is pleased to announce a significant step forward in recognizing and rewarding its valued community members: a $50 million community rewards program. This program is a testament to Aethir’s commitment to putting community first and fostering a thriving ecosystem.

The ATH tokens originally reserved by the Aethir Foundation for exchange with io.net will now be redistributed to reward active participants in the community. This distribution will closely reflect the initial plan for IO tokens, ensuring a fair and equitable distribution. Here is how $50 million worth of ATH tokens will be distributed:

1. Checker License Holder Rewards: $20 million worth of ATH tokens will be distributed to all Checker License holders, each of whom will be eligible to receive a minimum amount of ATH. Bonuses will be given to those who have staked at least 2500 ATH per Checker License and those who have been staking since the TGE. Aethir will take snapshots daily to determine eligibility, with the last snapshot to be taken on July 23, 2024.

2. ATH-AI Staking Pool Rewards: The remaining $30 million worth of ATH tokens will be allocated to the ATH-AI Staking Pool over a 24-week period. The infusion of additional tokens will increase rewards for users who stake in the AI pool, further incentivizing participation and supporting the development of AI-driven applications on the Aethir network.

To ensure transparency and accountability, the Aethir Foundation is committed to publicly disclosing future staking pool releases, and more information will be released in the near future. Aethir will provide the community with a clear plan for the distribution of the additional $30 million in rewards.

Empowering communities to build the future together

Aethirs $50 million community rewards program marks an important milestone in its journey towards the decentralized future of cloud computing. By reallocating resources originally used for the io.net token swap, Aethir reaffirms its commitment to the community and accelerates the growth and development of the Aethir ecosystem. Together with the community, we will unlock the full potential of decentralized GPU computing and shape a more inclusive, innovative, and rewarding technology landscape.

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