Neuy is a distributed scaling platform for AI solutions. It uses a Proof-of-Contribution and Proof-of-Holding for validation. By using a decentralized trust-less validation method it ensures the security and stability of the network. The system is designed to enable faster development and deployment of AI applications.
Neuy Contributors hold Neuy tokens as collateral to work for the security of the network and in exchange for their service, earn rewards.
Incentives
To allow for the Neuy network to develop and grow through its first year early stages we have allocated 720,000 NEUY tokens of 72,000,000 as rewards and 10% for staking. This is also done to ensure that the network is well seeded until transaction fees gain traction.
Contributor Rewards = (% of daily contributions * 2000 NEUY tokens) + Transaction Fees
The daily rewards will be maintained after the first year but will have converted Neuy to a decreasing deflationary model of approx. 1% initially to 0.5% in 98 years. This is done to ensure that a healthy supply of Neuy tokens are added as the network usage grows but low enough to not dramatically affect the price of token.
Inflation Rate:
Year 1 : -1.0%
Year 2: 1.024%
Year 3: 1.013%
Year 4: 1.004%
Year 5: 0.993%
Who can become a Contributor?
Technically, beyond system requirements anyone will eventually be able to become a contributor. We initially started with only 15 contributors who committed a fair amount of time and resources to helping ensure the stability of the protocol.
We are now expanding this group to 100 random people. The reason we are still restricting joining is purely for stability and ease of updating. Most apps have the greatest amount of code iterations early on as the network design and requirements get refined.
How to setup Contributors
The NEUY contributor is a very clean and user friendly app that is fully self contained and requires no special permission or system configurations beyond basic internet access.
The contributor can be setup to scale both vertically and horizontally depending on how much Neuy tokens are held in the wallet.
10,000 NEUY – Unlocks Speed 1 (stealth mode is meant for workstations)
50,000 NEUY – Unlocks Speed 2 and Pooling (active mode ideal from workstation to dedicated system)
100,000 NEUY – Unlocks Speed 3 and Pooling (ai mode, ideal for dedicated system running 5-10 instances)
Since rewards are directly related to % of all daily contributions and transactions fees, the increasing speed enables larger resource commitments and more task being completed.
FIXED MAX ANNUAL EARNINGS PER WALLET : 243,333 Neuy Tokens
ANTICIPATED AVERAGE ANNUAL EARNINGS PER WALLET : 40% APY
Rather than contributors having to staking Neuy tokens in a smart contract for a minimum period of time, we only require Proof-of-Holding. We choose this approach so that contributors are always in full control of their tokens, but by selling they also forfeit their contributor capabilities to earn rewards.
Contributor System Examples
The NEUY contributor as explained above can be running on a system in many different scalable arrangements. An important point to make here is that each instance MUST use a unique account with a unique wallet address.
Workstations : 1-2 Instances @ Speeds 1-3
Under Utilized System : 1-5 Instances @ Speeds 1-3 (not all instances need to be running at same speed)
Dedicated Pooling System : 1-20 Instances @ Speed 1-3 (not all instances need to be running at same speed)
Finally How to Register
For the time being until we officially release the public version, the process requires completing a very simple registration form. Once completed you will be added to the pool of potential contributors which we randomly select from. The final step is us verifying all the provided and sending you a notification and link to the download file.
PLEASE ENSURE TO READ AND UNDERSTAND ALL THE REQUIREMENTS BEFORE COMPLETING FORM. REGISTRATION FORM
