AIOZ Network Price

AIOZ Network is a DePIN for Web3 AI, Storage, and Streaming.

AIOZ empowers a fast, secure, and decentralized future.

Powered by a global community of AIOZ DePIN, AIOZ rewards you for sharing your computational resources for storing, transcoding, streaming digital media content, and powering decentralized AI computation.

It aims to enhance artificial intelligence (AI), data storage, and streaming by utilizing a global network of users contributing their spare computing resources. This network incentivizes participation with AIOZ tokens, the native currency of the AIOZ Network, rewarding users for sharing storage space, memory, and bandwidth resources for content delivery​​.

The network emphasizes a sharing economy, allowing thousands of individuals globally to use their spare computing resources to support these functionalities. Moreover, it is interoperable with both Ethereum and Cosmos blockchains, offering developers easy integration of decentralized applications (dApps) and support for popular smart contract languages​​.

The network relies on a delegated Proof of Stake (dPoS) consensus mechanism for security, known as Byzantine Fault Tolerance (dBFT), built atop the Tendermint core, contributing to its robust features such as instant finality, low transaction fees, and interoperability with other blockchains​​.

The AIOZ Network leverages its decentralized Content Delivery Network (dCDN) to power web3 AI, storage, and media delivery. It supports dApp integration with one-click and popular smart contract languages across Ethereum and Cosmos networks.

A global community of AIOZ nodes utilizes spare computing resources for these services. The network focuses on DePIN (Decentralized Personal Internet) elements to empower a fast, secure, and decentralized future, emphasizing AI, storage, and streaming within its ecosystem.

Specific use cases of the AIOZ Network include:

1. Media and Entertainment: Companies in this sector can leverage AIOZ for decentralized and secure storage of vast amounts of video, audio, and image content. This is beneficial for streaming platforms, content creators, broadcasters, and production studios.

2. E-commerce Platforms: These platforms can use AIOZ to store product images, videos, and other media files, enhancing the shopping experience with high availability and fast delivery of product media.

3. Decentralized Applications (dApps): DApp developers can integrate AIOZ as a storage solution, offering a scalable option for storing user-generated content such as images, videos, and profiles within a decentralized ecosystem.

4. Blockchain Projects: Projects needing decentralized and immutable storage solutions can employ AIOZ for storing and retrieving blockchain data, offering a secure distributed storage layer.

5. Healthcare and Medical Data: The network can securely store sensitive medical data, ensuring privacy and integrity, which is crucial for compliance with healthcare data regulations.

6. Data-driven Startups: Companies dealing with large datasets can benefit from the scalability and cost-effectiveness of AIOZ for storing and processing large volumes of data.

7. Cloud Service Providers: These providers can offer their clients AIOZ as an additional, decentralized storage option, enhancing data availability and reliability​​.

The AIOZ Network has also developed specialized solutions like AIOZ W3IPFS and AIOZ W3AI. AIOZ W3IPFS addresses common challenges with the InterPlanetary File System (IPFS), providing a high-speed, secure, and scalable storage solution with features like unlimited pinned files, dedicated resources, and low latency. AIOZ W3AI, on the other hand, revolutionizes AI computing by enabling the local execution of AI tasks on user devices through AIOZ Nodes, ensuring data privacy and enhancing performance​​.

The AIOZ Network was officially launched on December 25, 2021. This marked a significant moment for the network, signaling its readiness to contribute to the decentralization of content streaming and the broader Web 3.0 ecosystem​​.

The network was founded by Erman Tjiputra, who serves as the CEO. Tjiputra, originally from Indonesia, pursued his education in Singapore and the United States, attending Boston College with a major in Finance. His journey into technology and decentralization began early, with a strong interest in whitehat hacking and reverse engineering.

Tjiputra's experience and vision were crucial in developing the AIOZ Network into a pioneering blockchain-based decentralized Content Delivery System (dCDN). Along with Tjiputra, key members of the AIOZ team include Hien Nguyen (Head of Blockchain), Trieu Nguyen (Chief Technology Officer), Hung Nguyen (Project Manager), and Quang Tran (Head of AI), who together embarked on the project's development from its inception in 2013​​.

The AIOZ Network (AIOZ) token serves several crucial functions within its ecosystem, playing a pivotal role in securing the network, rewarding participants, facilitating payments, and covering network fees for transactions and smart contracts:

1. Securing the Network through Staking: Token holders can stake their AIOZ tokens to contribute to the security and robustness of the AIOZ Network. Staking helps to secure the network against potential attacks and ensures its smooth operation.

2. Rewards for Participating in the Network's Decentralized Content Delivery Network (dCDN): Individuals who operate AIOZ Network nodes in the dCDN are rewarded with AIOZ tokens. These rewards incentivize node operators to contribute their computational resources, such as storage and bandwidth, to the network.

3. Payment Gateway: The AIOZ token can be used as a payment method within the AIOZ Network. This utility makes it convenient for users to pay for services and transactions on the network, leveraging a decentralized, secure, and efficient payment system.

4. Network Fees: AIOZ tokens are used to pay for network fees associated with executing smart contracts and processing transactions on the AIOZ Network. These fees are essential for maintaining the network's operations and incentivizing validators and node operators.

5. Trade AIOZ on KuCoin: Trade AIOZ Network on the KuCoin Spot Market against other cryptocurrencies to make the most of changing market conditions and volatility. Buy or sell $AIOZ or HODL if you believe in the future potential of the AIOZ Network and the DePIN sector. Remember to DYOR before trading $AIOZ in the crypto market.