INTRODUCTION
Bitneuron Token: $NEURON
The native token of the BrainTensor API ecosystem that will empower the entire economy of multiple products built on top of Bittensor Network and $TAO.
The $NEURON token is our initiative to reward our $TAO delegators with an ERC20 token. In the Bittensor ecosystem, the influence of Validators, particularly in terms of bandwidth, is directly tied to the amount of TAO delegated or staked by people to the validators. We believe it's important to reward delegators for the bandwidth they contribute.
This token is designed for dynamic utility within the projects built through the BrainTensor API, but will also incentivize users to adopt and support the growth of the FirstTensor Validator ecosystem.
All the tools built trough BrainTensor (FirstTensor API) will have a deflationary impact on Bitneuron tokens supply and will increase the token's utility.
TOKENOMICS
Bitneuron Tokenomics
Contract: 0x5CAF357d6fd0638710ab31fBFFF6E790BE768c39
Type: ERC20
Total Supply: 100 billion (inspired by the estimated maximum number of neurons in the human brain).
▪ 10% listing liquidity ▪ 10% allocated for rewards to FirstStudio.AI platform users ▪ 12% designated for staking rewards ▪ 20% allocated to FirstTensor delegators ▪ 48% distributed to FT Neuron holders
UTILITY
Token Utility
Bitneuron token will empower the entire economy of multiple products developed via BrainTensor API and incentivize users to embrace and contribute to the FirstTensor ecosystem's expansion
All the tools built through BrainTensor (FirstTensor API) will have a deflationary impact on Bitneuron tokens supply and will increase the token's utility.
HOW
How it will work?
FirstTensor Validator will launch its API, called BrainTensor. Through this, developers will be able to access the Bittensor network intelligence and build their tools. using FirstTensor Validator's AI bandwidth.
▪ Free Unlimited Access: Developers interested in this option will need to integrate Bitneuron into their projects. To qualify, they must submit their product concept, detailing how it will enhance the utility of the Bitneuron token. If the community votes in favor of the project, it will be granted complimentary API access.
▪ Paid Access: In this model, FirstTensor will allocate 70% of the profits derived from selling BrainTensor API access to buy and burn Bitneuron Tokens.
APPS
FirstTensor Apps
▪ FirstAds.ai - The first app built on top of BitAds.ai (Subnet 16), one of the first Decentralized Advertising networks where advertisers pay only for successful sales, not impressions or clicks.
▪ FirstStudio.ai - The first AI studio built on top of the Bittensor network aiming to onboard 10 million users. Text-to-image / audio / video.
▪ BittensorMining.com - The place to go when you want to learn how to mine TAO on different subnetworks within the Bittensor ecosystem.
GENERATE
How to generate and get $NEURON
To generate Bitneurons, you must stake $TAO with the FirstTensor Validator. The amount of $NEURON you generate will depend on the amount of $TAO you have staked.
To generate more $NEURON, you'll need to increase your $TAO stake.
Each day, a portion of Bitneurons is distributed internally to all our delegators and FT Neuron holders.
To receive your $NEURON airdrop, please ensure that your Bittensor and ERC20 wallet addresses are linked. You can do that here: [link wallets]
If you're unable to link your wallet, please send an email to contact@firsttensor.com with your Bittensor wallet address and your ERC20 wallet address, and we'll link it for you.
You can check if the link was successful on the Rewards page: [here].
BUY
How to buy $NEURON
As an ERC20 token, you can buy $NEURON from any DEX that supports ERC20 tokens. The best option might be Uniswap, using the USDT/NEURON pair.
Buy $NEURON here: Uniswap LP
If you can't find the token, please enter the contract address: 0x5CAF357d6fd0638710ab31fBFFF6E790BE768c39
To check the liquidity, you can use both of these tools: DexTools and DexScreener.
INFO
Information
▪ In the beginning of our journey, FT Neurons was our unique approach to funding the FirstTensor validator, as we were returning the full tax back to our FT Neuron holders. Read more: [here]
▪ By owning one or more FT Neurons, the owner receives a boost to generate Bitneuron tokens on a daily basis.
▪ The early adopters of FT Neurons received multiple airdrops with Bitneuron tokens.
▪ All FirstTensor TAO delegators will receive Bitneuron token airdrops based on the amount of TAO they stake with the FirstTensor validator.
▪ $NEURON airdrops will be distributed every month.