What Is LayerAI and How to Buy LAI?

LayerAI is a blockchain-based project that merges blockchain technology with artificial intelligence (AI) for data monetization. It addresses the underutilization of blockchain by combining zkRollup Layer-2 blockchain and a Data-to-AI Engine to create a secure and scalable platform. LayerAI enables users to monetize their data while ensuring privacy and security through encryption and anonymization.

In this article, we will explore LayerAI, discussing how it works and its native token, LAI. We will discuss LAI’s tokenomics and utilities, and the features of LayerAI, project roadmap, and its token value. Finally, we will provide a step-by-step guide on how to buy LAI tokens.

What Is LayerAI and How Does It Work?

LayerAI is at the forefront of merging blockchain technology with the thriving field of artificial intelligence (AI) and data monetization. LayerAI is a blockchain-based project that aims to extend the capabilities of blockchain to various sectors, including states, banks, financial startups, and individual users worldwide. The core innovation lies in their development of Layer-2 blockchain, leveraging zkRollup technology, that harnesses the power of AI and data for value creation across industries.

At its core, LayerAI addresses a significant challenge: the underutilization of blockchain beyond simple transactions and governance. By combining two advanced technologies – zkRollup Layer-2 blockchain and a Data-to-AI Engine – LayerAI establishes an innovative intersection of blockchain technology and artificial intelligence. The zkRollup Layer-2 blockchain ensures secure, private, and scalable transactions, while the Data-to-AI Engine collects, processes, encrypts, and packages data for commercial applications.

The integration of these technologies opens up new frontiers in the blockchain and AI landscape. One of the critical issues LayerAI addresses is the privacy and security of user data. Through zkRollup Layer-2 blockchain, user data is recorded, encrypted, and anonymized, ensuring that personal information remains protected. Simultaneously, the Data-to-AI Engine empowers users to monetize their data, enabling it to be utilized in AI models across industries.

The symbiotic relationship between blockchain and AI becomes particularly evident through LayerAI's approach. The company recognizes that data is the backbone of the digital age, and its potential value is set to skyrocket with the AI revolution. As AI technologies become more advanced, high-quality data becomes increasingly vital for training sophisticated algorithms. LayerAI's platform facilitates the supply of this valuable data, positioning itself at the forefront of the AI-driven data market.

LayerAI's Ethereum-based Layer-2 blockchain is uniquely positioned for AI development. By combining AI's commercial potential with tokenization via the LAI token, LayerAI strives to achieve mass retail adoption. Unlike many other blockchain-based AI projects, LayerAI's focus on consumer applications creates an untapped market opportunity. Through innovative marketing channels and value propositions, LayerAI has already made strides in verticals like gaming, fitness, education, and travel.

The success of LayerAI relies on its comprehensive strategy for user and developer acquisition. Unlike competing Layer2 blockchains that often prioritize technical metrics, LayerAI emphasizes business development, marketing, and business model innovation. This strategic approach addresses the critical challenge of sustainable and predictable adoption, setting LayerAI apart in the Layer2 blockchain landscape.

LayerAI's impact goes beyond technological innovation; it introduces a groundbreaking business model centered around data monetization. By allowing users to productize and earn from their data, LayerAI disrupts the traditional model of big tech companies profiting from user data without direct user benefit. The company's platform offers applications and users novel ways to monetize data, ushering in new streams of income and enticing app adoption.

Features of LayerAI

1. Blockchain-AI Integration: LayerAI integrates blockchain technology with artificial intelligence (AI) through the development of a Layer-2 blockchain using zkRollup technology. This integration facilitates secure and private transactions while harnessing AI features for data monetization.
2. Data-to-AI Engine: LayerAI introduces a Data-to-AI Engine, responsible for collecting, processing, encrypting, and packaging data for commercial applications. This engine facilitates the utilization of data in AI models across various industries.
3. Data Monetization: LayerAI empowers users to monetize their data. The platform provides opportunities for users to earn from their data by supplying high-quality information that can be used to train advanced AI algorithms.
4. LAI Data Market: At the heart of the ecosystem lies the LAI Data Market, a platform where developers and enterprises can ethically share authorized data with potential buyers. This marketplace has the potential to disrupt the prevailing global data trade dynamics, placing power in the hands of individuals.
5. Data Capsules: Representing the epitome of utility, Data Capsules function as non-fungible tokens (NFTs), each embodying the unique data imprint of its respective data miner. These capsules can be directly acquired by end-users or distributed by entities within the ecosystem.

What is LAI Token?

LayerAI's operations are powered by LAI, an ERC-20 token that stands as the platform's native currency. The LAI token holds intrinsic importance as the driving force behind network transactions. It remains replenished through diverse channels, including contributions from validator staking, revenue streams from core products, and the fee treasury's potential to support liquidity-driven actions like buybacks, token burns, and expanded yield endeavors. This diversified income structure fortifies LayerAI's resilience against market volatility and fosters sustainable value for its community.

Tokenomics of LAI Token:

The LAI token is used to facilitate transactions on LayerAI. LayerAI has a high throughput and cheap transaction fees, as a foundational component of the decentralized AI economy, LayerAI's high throughput and cost-efficient network make it a good choice for applications catering to the vast AI user base. Beyond its diverse utilities, LAI stakers wield influence over the ecosystem treasury, which receives contributions from various income streams. This treasury serves as a pivotal mechanism for equitably redistributing the wealth generated through the AI revolution. Below are some of the methods of cash flow to LAI tokens:

1. Buybacks: Governed by the DAO and LAI stakers, the treasury can strategically deploy funds to acquire LAI tokens from the open market.
2. Burns: Akin to the buyback mechanism, the DAO can direct treasury funds towards continuous burns of LAI tokens, acquired from the market.
3. High Yield Allocation: The DAO-led decisions extend to allocating treasury funds for acquiring LAI tokens from the market and subsequently distributing them among stakers, ensuring an attractive staking yield.
4. Venture Investments: LAI staker-led DAO decisions encompass utilizing treasury funds for acquiring seed and private investments, especially within the AI sector. This strategic approach seeks to amplify the community's stake in the AI economy, effectively positioning the community as a disruptive force akin to venture capitalists.

Ecosystem Value and LAI Token Utilities

Transcending its role as a multi-value native asset, LAI tokens offer an array of ecosystem-centric utilities that extend beyond transaction fee usage.

1. Discount Privileges: LAI token stakers gain access to discounts across various ecosystem products, with a notable emphasis on the LAI Data Market. This incentive has the potential to drive widespread adoption, motivating participants to secure LAI tokens.
2. Liquidity Advantage: Serving as the ecosystem's native asset and an uncensorable decentralized gas token, LAI offers immediate liquidity benefits for participants involved in data transactions. This approach circumvents the fees associated with trading in and out of other currencies.
3. Network Validation: LAI token stakers play a pivotal role in network validation, either directly or through delegation. Ecosystem nodes fulfilling this validation role earn a portion of block rewards, which transition into sustainability through transaction fee earnings.

LAI Token Distribution

How and Where to Buy LAI Tokens?

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including LAI, users can now trade easily and seamlessly. To purchase LAI on CoinEx, follow the steps below.

1. Create an Account: Start by signing up for a CoinEx account.
2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
3. Navigate to LAI Trading Page: Once your account is funded, go to the dedicated LAI trading page on CoinEx. Here, you can find various trading pairs involving LAI tokens.
4. Choose a Trading Pair: Select the desired trading pair that matches LAI with another cryptocurrency. For instance, you may choose LAI/USDT if you wish to trade LAI against USDT (Tether).
5. Specify the Purchase Amount: Determine the quantity of LAI tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade LAI tokens on CoinEx, taking advantage of the available trading pairs.