$MONAI
Launching on Ethereum for easy access, with a guaranteed migration to the Monad mainnet, Monai is not just planning for the future—it's building it, with a focus on performance and accessibility.
Contract Address: 0x8C282C35B5E1088bb208991c151182A782637699
Pair Address: TBD
Utility: Central to the Monai ecosystem, the Monai token is vital for facilitating transactions. It will be used both to pay for access to various AI models and to reward users who contribute their computing resources to process requests for inferences. This innovative approach means users earn by powering our models.
Decentralized and Uncensored Access: Monai ensures everyone has equal access and participation rights without any restrictions.
Tokenized Economy: Engage, contribute, and earn within the Monai ecosystem. We offer a vibrant community where your contributions are valued and rewarded.
Future-Proof Technology: By integrating closely with the Monad ecosystem, Monai guarantees its long-term relevance, utility, and most importantly, scalability.
Stakeholder Token Interaction
The 3 major stakeholders in the network, each interacts with the token in their unique way:
User: We provide an optionality for the user of the LLM to interact with the token or not. Just as we believe in censorship and moderation free use of AI, we ensure similar optionality in the usage of Monai platform. Users contribute to the system can be via pay-per-session for inferences or purchase a longer term subscription.
Compute Nodes: The GPU node operators or compute providers are the most important part of our system. They are incentivized each epoch via token emissions to provide their services to the network. Our query routing is designed to nudge these node operators to maintain the highest uptime, have the lowest latency in response time and lastly - stake tokens subject to slashing as a commitment to maintaining threshold performance standards.
Tokenholders: The tokenholders will have the choice to delegate their tokens to nodes for staking. In doing so, they signal their support to certain node operators boosting the probability of that node operator to service more queries in the upcoming epoch. For their contribution to the system they receive a portion of the node operators operational and governance (explained later) rewards.
Governance
Governance for Monai refers to the idea that innovation in LLMs and the broader AI community is happening at an exponential pace. And to provide the best results to the end user will require continuous learning, model upgrades and hardware improvements.
Rich Sutton's "Bitter Lesson" about AI talks about how AI has progressed the best when it focuses on using more computing power rather than trying to mimic human thought. The bulk of model improvements in the long term are going to be driven by scaling compute, and data, innovating on hardware and developing general methods.
Thus it will be the role of Node operators to consistently observe advances in the LLM research community and add proposals along the lines of:
Adoption of a new open-source model from communities like Hugging Face with improved performance
Suggesting Implementation of hardware upgrades to increase computational efficiency and speed
Introduction of new general methodologies to improve the overall performance of the model
Point out node operators causing persistent censorship in inferences and degraded performance
This governance serves a very important purpose of making sure the product and network are constantly improving. We keep aside a portion (initially 2.5%) of the network rewards in a governance treasury which is used to reward proposers for helping improve the network.
Each category of proposals will have a capped reward in tokens and their node will be subject to slashing in case of wasteful governance proposals. As mentioned earlier, Users can delegate their tokens/stake and voting power to node operators for a portion of block and governance rewards.
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