At the heart of the posemesh network lies the $AUKI token, a digital asset that drives the entire ecosystem. The token's primary utility is to facilitate the operation and growth of the posemesh by incentivizing various stakeholders in the network. Let’s explore the intricacies of the posemesh token economy, the roles of its participants, and the myriad of benefits they receive from being part of this groundbreaking DePIN for AI perception.
Burn-Credit-Mint
The posemesh introduces a radical economic concept that intertwines token utility with network sustainability and participant incentivization. The burn-credit-mint cycle is a self-sustaining loop designed to balance the supply of $AUKI tokens while fostering the growth and utility of the network. This is achieved through a novel economic model known as "Burn-Credit-Mint."
The Burn-Credit-Mint Mechanism
Here's how the $AUKI token powers Phe Posemesh:
Burn: Developers initiate the Burn-Credit-Mint process by purchasing a dollar-denominated amount of $AUKI tokens and sending them to a burn contract. In exchange for this action, these tokens are effectively removed from circulation and the developer's organization is provided with posemesh network credits.
Credit: These credits serve as the currency for services within the posemesh, which can be consumed over time by the organization's participants. The price of the service is credit-denominated, encouraging the active utilization of the posemesh network's resources.
Mint: The act of burning tokens triggers a deflationary mint. With each burn, an immediate mint goes into the reward pool. As credits are spent on services, the tokens from the reward pool are issued to supply-side providers (operators) who contribute their resources to the network. The more credits are consumed by developers, the more rewards are earned by the resource providers. The rewards are paid out in $AUKI tokens, reinforcing the demand for available resources and maintaining the robustness of the network.
The posemesh ensures a balanced and sustainable growth trajectory through this innovative economic model, encouraging active participation while maintaining a controlled token supply over time.
Stakeholders in The Posemesh Economy
The posemesh is a collaborative effort that brings together various stakeholders, each contributing to and benefiting from the posemesh's growth and success:
Relay Service: The Relay service helps expose these machines to the network so that they can contribute their resources and earn rewards. The posemesh networking Relay service is a decentralized substrate of servers, designed to make use of spare compute and bandwidth in ubiquitous devices. It also serves as an important bridge to participants that wish to perform work but are not publically addressable on the internet. Relay service operators stake the $AUKI token to establish a reputation to be eligible to earn rewards. The reputation can slashed by the protocol if the operator fails to keep quality standards.
Developers & Applications: These ‘users’ are the backbone of the posemesh. Developers burn $AUKI tokens to acquire network credits, which are then used to access services through the posemesh. Applications built on the posemesh drive user engagement and build network value.
The Posemesh: The Posemesh exists to manage the token economy and posemesh network until such a time that the network is sufficiently decentralized that it can sustain itself independently. The Posemesh's mandate is to establish a universal spatial computing protocol and decentralized machine perception network, and to that end, they have created the token economy and its policies and oversee the gradual open-sourcing of the protocol. The Posemesh oversees the protocol treasury, smart contracts, and the overall sustainability of the network.
Rewarding Stakeholders
Stakeholder benefits from participating in the posemesh include:
Token Rewards: Active contributors to the network are rewarded with $AUKI tokens, providing a financial incentive for ongoing participation.
Decentralization and Privacy: The posemesh offers a decentralized solution that protects user privacy and reduces reliance on centralized entities, giving users control over their data and interactions.
Innovation and Market Access: Developers can create cutting-edge applications in a market with significant growth potential, tapping into the burgeoning field of augmented reality and spatial computing.
Sustainable and Balanced Growth: The burn-credit-mint model ensures that the network can scale sustainably, balancing token supply with demand while incentivizing long-term growth and network success.
By joining the posemesh, participants become part of a movement that values collaboration, open-source development, and shared success. The posemesh’s unique token economy ensures sustainable and balanced growth, empowering stakeholders, developers and users alike.
Participate, innovate, and earn rewards in this DePIN economy designed for the next 100 billion people, devices and AI. The posemesh is building a future where spatial AI serves civilization, not corporations or governments.
About Auki Labs
Auki is building the posemesh, a decentralized machine perception network for the next 100 billion people, devices and AI on Earth and beyond. The posemesh is an external and collaborative sense of space that machines and AI can use to understand the physical world.
Our mission is to improve civilization’s intercognitive capacity; our ability to think, experience and solve problems together with each other and AI. The greatest way to extend human reach is to collaborate with others. We are building consciousness-expanding technology to reduce the friction of communication and bridge minds.
The Posemesh is an open-source protocol that powers a decentralized, blockchain-based spatial computing network.
The Posemesh is designed for a future where spatial computing is both collaborative and privacy-preserving. It limits any organization's surveillance capabilities and encourages sovereign ownership of private maps of personal and public spaces.
The decentralization also offers a competitive advantage, especially in shared spatial computing sessions, AR for example, where low latency is crucial. The posemesh is the next step in the decentralization movement, responding as an antidote to the growing power of big tech.
The Posemesh has tasked Auki Labs with developing the software infrastructure of the posemesh.
