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Aethir pauses the exchange with io.netToken and launches a $50 million community reward program

2024-07-17 12:00:00

ATH-6.85%

Odaily Planet Daily According to official sources, Aethir has announced the suspension of the $50 million Token exchange plan previously agreed with io.net. The Aethir Foundation has decided to launch the Aethir Community Rewards Program, distributing the initially allocated $50 million worth of ATH Tokens for the exchange to loyal and active participants in the Aethir network, in recognition of the valuable contributions of the Aethir community and to further incentivize people to continue participating in the Aethir ecosystem.
The allocation of the plan is as follows:
(1) Checker Node License holder reward. $20 million worth of ATH Token will be distributed to Checker Node License holders, and everyone is eligible to receive the minimum amount of ATH; bonuses will be given to those who have invested at least 2500 ATH in each Checker License and those who have been investing since TGE. Aethir will take a daily Snapshot to determine eligibility, and the final Snapshot will be taken on July 23, 2024.
(2) The income of the ATH-AI staking pool is increased. The remaining value of 30 million US dollars of ATH Token will be allocated to the ATH-AI staking pool within 24 weeks to increase the income and support the development of artificial intelligence applications on the Aethir network.
Aethir said that the $50 million community reward program is an important milestone towards the future of cloud computing decentralization, which can accelerate the rise and development of the Aethir ecosystem by reallocating the resources initially used for io.net Token exchange.

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