@RobLowe631@IranArmyStan Ironically, that "FAFO" attitude is actively destroying dollar dominance right now. The system was built on trust. The moment US threatens its own allies, countries find alternatives. BRICS are building rival payment systems. Central banks are buying gold instead of US bond.
@RobLowe631@IranArmyStan NATO exists to keep US influence in Europe as much as anything else. The fact it's now being used as leverage over allies proves it was always a transaction, never a favour.
@MindVsMyth@ann_rouleau@jk_rowling You're trying to smuggle identity through the backdoor of oppression. Shared suffering doesn’t mean shared identity. A civilian might suffer in a war zone, but that doesn’t make them a soldier. Oppression is not a costume you inherit retroactively
@River_Liffey @rtenews Not to mention, she was actually killed by another woman, yet the article keeps referring to it as "gender-based" violence, which misleadingly implies a man was responsible.
@JS_9495@rtenews Not to mention, she was actually killed by another woman, yet the article keeps referring to it as "gender-based" violence, which misleadingly implies a man was responsible.
@JoshKilar@BRICSinfo If you think you don’t need that anymore, fine, handle it on your own. But with trade wars heating up and China pulling ahead in AI, America’s time at the top is running out. And now you want to burn bridges with Europe, your only real ally left?
@JoshKilar@BRICSinfo Then go ahead and pull your military bases out of our countries. The U.S. has always looked out for its own interests first. This is your war with Russia, we agreed to host your bases and share intelligence in exchange for your military support.
@CryptoKaduna Can you explain why the average is important? If you think the price goes up, your earlier investments won't be affected —they still make the same profit as before. Plus, your new investment also profits. Not questioning your method; just trying to understand what I'm missing.
Advancing Stability, Efficiency, and Sustainability in NetMind Power
NetMind Power is excited to announce strategic updates aimed at boosting the stability, efficiency and sustainability of our platform.
Greater Rewards Long-term Staking
Staking NetMind Token ( $NMT ) is a straightforward way to earn rewards while supporting our decentralised network. Choose between flexible staking, long-term staking, or providing liquidity to official trading pairs for your rewards. Long-term staking, with a lock period of 6-month (182 days), offers 4 times the rewards compared to flexible staking. For more detailed information on the staking rewards structure, including the complete distribution plan, check out our whitepaper: https://t.co/ykVvvTGSjd
By incentivising longer lock periods with substantially higher rewards, we aim to attract committed stakeholders who are interested in the long-term success and sustainability of our decentralised platform. This approach not only helps secure the network but also fosters a more stable economic environment, reducing volatility and encouraging responsible investment. Ultimately, these changes are expected to enhance the intrinsic value of NetMind Token, providing a robust foundation for the growth and development of our ecosystem.
Usage-Based Balanced Mining
With our systems currently operating at 90% capacity and a growing list of eager users, we are implementing measures to streamline and expedite the joining process.
• Evolving Mining Mechanism: We are expanding our mining operations to include everyone. This enhancement will significantly speed up the joining process for users currently in the queue. Rather than relying solely on static parameter verification, we will employ a more dynamic, evolving algorithm to assess the suitability of computers for our network. Moving forward, users will receive rewards based on the actual usage of their machines within the NetMind ecosystem, rather than merely connecting to the network. We have developed a task distribution system that strategically assigns tasks to various volunteer computing machines based on stability and other factors, ensuring the network operates with maximum efficiency. This shift will ensure that rewards are more closely tied to users' contributions, fostering greater involvement and active participation within our community.
• Strategic Adjustments to Mining Rewards and Penalties: To ensure the sustainability of our mining ecosystem and better align it with market dynamics, we will fine-tune the mining coefficients, expecting a gradual reduction particularly for A100 and H100 units. Additionally, we will activate a penalty coefficient for unstable GPU nodes to maintain system stability.
These changes are designed to not only enhance system efficiency but also improve user experience by allowing more participants to actively engage with the NetMind network. We are dedicated to continual improvement and are excited to see how these updates positively impact our community.
INJ 3.0 is coming to Injective to bring the ultimate upgrade to Injective tokenomics, making $INJ the most deflationary asset to date.
The new proposal would directly reduce the supply of INJ at a rapid rate. The gov discussion is now live on the Injective forum.
More updates: Tokenomics and NetMind Program
Here's a follow up of the recent updates to the new tokenomics, set to take effect on April 16th, 2024, which is also the anniversary of NetMind Chain. These changes, along with the introduction of NetMind Program, are designed to strengthen our ecosystem, offering better support to our community and fostering ongoing innovation and growth.
Stay tuned for in-depth charts and detailed figures once our new tokenomics goes live on April 16th.
Tokenomics
Token Issuance and Distribution:
On April 16th, over 9.8b NMT will be burned.
Starting April 16th, 113,000,000 NMT will be issued over the next 10 years under our new tokenomics framework. This issuance will adjust the total supply from Previous 10B to approximately 150 million NMT, including current circulation. Precise numbers will be updated on our website on April 16th, and we are also updating Coinmarketcap and Coingecko accordingly. (Please note, the percentages discussed below are based on 113 million newly issued tokens, not the total supply).
Actual vs Maximum Emissions:
The actual emissions are likely to be lower than the maximum stated emissions (See the Cumulative graphic below). We've based our projections on a series of assumptions, detailed in the accompanying graph, indicating that allocations for mining, staking, or ecosystem funds may not be fully utilized each year. This method underscores our commitment to sustainable and responsible token issuance, ensuring that the practical implementation of our emissions strategy remains conservative compared to the theoretical maximum outlined.
Adjusted Token Allocations (Comparison of Old vs. New Percentages):
- Mining: Allocated 58,000,000 tokens (new 55.31%, up from 40%). This includes a revised portion for early GPU contributors from 80m now set to 5 million tokens (4.42%).
- Staking: Set at 16,500,000 tokens (new 14.60%, down from 30%), to encourage network participation and enhance security.
- Team: Reduced to 10,000,000 tokens (new 8.85%, down from 10%).
Reorganized Community Fund (Totaling 21.24%, up from 20%):
- Ecosystem Growth: 16,500,000 tokens (14.60%) dedicated to expanding and enriching the ecosystem.
- Strategic Investors & Advisors: A new category with 7,500,000 (6.64%) tokens aimed at reinforcing relationships with key strategic partners.
Halving and Decreasing Mechanisms:
- Mining Halving Algorithm: The mining reward will halve every four years, starting with 10 million tokens annually for the first two years, then decreasing every two years to 7.5 million, 5 million, 3.75 million, and finally 2.5 million in the last period.
- Smoothing Mechanism for Other Categories: All other categories will implement a decreasing mechanism but with a smoother curve to ensure a gradual reduction in token issuance, maintaining economic stability.
Staking Rewards Structure:
Consistent with our previous tokenomics framework, all staking rewards—including flexible staking, fixed-term staking, liquidity rewards, and master node rewards—will continue to be sourced from the staking rewards pool. Details on the adjustments will be announced by April 30th.
NetMind Program
At @NetmindAi, we remain dedicated to building a sustainable and valuable ecosystem, leveraging our computing power and more. We are proud to be an early investor in a number of successful startups, including https://t.co/oYWxcnR9eX, https://t.co/CtgoBQkE3T, https://t.co/dBPhwMtoDK, https://t.co/a3PljX1hg9, and https://t.co/Hfu4Wja5Xt, among others. (Will write a separate introduction in the future). Additionally, over the past years, we have sponsored and worked with more than 30 research labs at top universities worldwide, and our commitment to supporting academic excellence continues.
We are thrilled to announce there will be a NetMind Program, which will extend our support to AI startups and universities. We’re making AI more accessible and affordable to everyone, further enhancing the global AI landscape. Together, let's strengthen our community and push the boundaries of what we can achieve with AI.