Introduction
Openfabric AI is an innovative project that stands out in the decentralized landscape, aiming to revolutionize the AI application domain. By harnessing the power of blockchain, advanced cryptography, and a unique infrastructure, Openfabric AI has established a new foundation for AI applications. Their vision is to provide everyone with quick, easy, low-cost, and hassle-free access to powerful AI tools.
List of Available AI Tools as listed on their website:
- ArtfabricAI Bot
- MemefabricAI Bot
- QRfabricAI Bot
- SoundfabricAI Bot
- Trading Crypto Bot
- Drug Discovery
- ChatfabricAI Bot (Available soon)
- Manga Generator
- 3D Model Generator
- Mind Script
- Poster Generator
- Voice Synthesizer
- Face Generator
- Avatar Generator
- 3D Human Generator
- Face Recognition
- Deep Fake
- Animation Creation
- Text to Image
- Media Enhancer
- Graphic Editor
- Codefabric AI
- Deck Generator
- Prompt Generator
Token Overview: OFN
The tokenomics of a cryptocurrency defines its economic model, including aspects like total supply, distribution, utility, and more. While specific details about OFN’s tokenomics were not directly available from the provided links, here’s a general overview based on typical tokenomics structures:
- Total Supply: This represents the maximum number of OFN tokens that will ever be created at 500,000,000 OFN. A capped supply can introduce scarcity, potentially driving demand.
- Circulating Supply: This is the number of tokens currently available in the market. It can change based on factors like token releases, burns, or other mechanisms.
- Utility: The OFN token likely serves multiple purposes within the Openfabric AI ecosystem. This can include staking, governance, accessing services, or as a medium of exchange.
- Distribution: Tokens can be distributed in various ways, including Initial Coin Offerings (ICOs), airdrops, staking rewards, or team allocations. The distribution model can influence the token’s market dynamics.
- Staking and Rewards: If Openfabric AI offers staking, OFN holders might be able to lock up their tokens to earn rewards. This can incentivize holding and reduce the circulating supply.
- Burn Mechanisms: Some projects introduce token burns to reduce the total supply over time, creating scarcity and potentially increasing demand.
Team and Leadership
The team behind Openfabric AI is a blend of experts and visionaries in the realms of AI and blockchain. Their combined expertise ensures that the project remains innovative and at the forefront of technological advancements. The team’s dedication is evident from the numerous updates, research papers, and developments they consistently share with the community. Their work has even been validated by reputable organizations like IEEE.
Technology and Features
Openfabric AI is not just another blockchain project; it’s a decentralized Layer 1 AI protocol specifically designed for building and connecting AI applications. Some of the notable features and technological advancements include:
- AI Trading: Openfabric AI leverages artificial intelligence to maximize profits even in bear markets. Their AI-powered trading systems have gained significant traction among retail traders, allowing them to adopt strategies used by Wall Street professionals.
- Security: In the realm of blockchain, security is paramount. Openfabric AI has undergone a Certik audit, ensuring that its $OFN token is one of the most secure cryptocurrencies in the industry.
- Team and Leadership: The Openfabric AI team comprises experts and visionaries in the fields of AI and blockchain. Their combined expertise ensures that the project remains at the forefront of technological advancements.
- Ecosystem and Development: Openfabric AI’s ecosystem is vibrant and ever-evolving. From strategic partnerships, like the one with Bitgert, to the development of AI-driven applications such as Memefabric for meme generation and Soundfabric AI Bot for music creation, the project is continuously expanding its horizons.
- Market Performance: As of the latest data, the OFN token is priced at $0.1153. While it has witnessed fluctuations, the token’s all-time high reached $0.2021 just two days ago. The token’s performance reflects the community’s trust and the project’s potential.
Sources:
OpenFabric Homepage
Proud founder of Coin4Planet – joining crypto & sustainability. Investor since 2013, trader at heart. Tech geek, traveler, meetup addict.