EPH AI
  • OVERVIEW
    • Introduction
    • Vision
    • Mission
    • Market problems
    • EPH AI Solutions
  • PRODUCT
    • Key features
      • Staking
      • Lending and earn
      • Renting and cashback
      • Referral Program
      • AI Builder
    • Technical Architecture
      • Blockchain Layer
      • AI Resource Layer
      • AI Model Layer
    • Use cases
      • For Node Providers
      • For Consumers
    • Security and privacy
  • TOKEN ECONOMY
    • Token economy
    • Token utility
    • Tokenomics
  • AFFILIATE STRUCTURE
    • Model
    • Reward recipient
    • Rewards
    • Additional scheme
  • ADDITIONAL INFORMATION
    • Roadmap
    • Community
  • LEGAL
    • Legal disclaimer
    • Risks
    • Anti-cheat regulations
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  1. PRODUCT
  2. Key features

Staking

Staking in EPH AI is a key feature that allows users, developers, and contributors to lock up a certain amount of EPH tokens (the native cryptocurrency of the EPH AI ecosystem) in return for various benefits and rewards. Staking plays a crucial role in securing the platform, incentivizing network participants, and enabling the smooth operation of AI services and infrastructure within the EPH AI ecosystem.

1. Earning Rewards

  • Description: By staking EPH tokens, users can earn passive income in the form of staking rewards. These rewards come from transaction fees, resource usage, or platform activity, depending on the model defined by EPH AI.

  • Example Use Case:

    A Node provider who stakes a certain amount of EPH tokens can earn rewards based on the resources they provide to the platform, such as excess computing power, storage, or bandwidth. As these resources are used by other users, the staker receives a portion of the transaction fees as rewards.

2. Governance and Voting Rights

  • Description: Stakers of EPH tokens are often granted governance rights within the EPH AI ecosystem. This allows them to participate in decision-making processes such as protocol upgrades, new feature developments, and changes to staking rewards or transaction fees.

  • Example Use Case:

    A Consumer who has staked EPH tokens may participate in voting on proposed changes to the platform, such as adding new resource providers, improving model deployment mechanisms, or adjusting governance policies. Their voting power is proportional to the amount of EPH they have staked.

3. Increased Token Utility

  • Description: Staking increases the utility of EPH tokens within the ecosystem. Token holders can use their staked tokens for a wide range of purposes, including securing computing resources, gaining access to services, participating in governance, or earning a share of platform revenues.

  • Example Use Case:

    A Consumer may stake EPH tokens to use the platform's resources, such as accessing a large dataset for model training or deploying an AI model on cloud infrastructure. Staking helps them save costs, earn rewards, and get exclusive access to the resources they need to develop their AI applications.

Staking in EPH AI is a multifaceted feature that serves as a cornerstone for the platform’s ecosystem. Whether you're a Node provider, Consumer, or Token holder, staking allows you to maximize your involvement and rewards within the ecosystem.

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Last updated 7 months ago