Token Economics

OCAT Token Economic Model

1. Token Overview

Token name: OCAT

Total issuance: 2.2 billion

Issuance method: 100% mining output, with a cycle of 4 years, and the total output of each cycle gradually halved.

2. Token issuance mechanism

The total amount of OCAT tokens is 2.2 billion, and they are produced through decentralized mining. The issuance of tokens is divided into multiple 4-year cycles, and the total output of each cycle is gradually halved. In each cycle, miners will receive OCAT tokens in the form of block rewards based on their contributed computing power.

3. Token Production Cycle

Cycle 1 (Years 1-4): Total output 1.1 billion OCAT

Cycle 2 (Years 5-8): Total output 550 million OCAT

Cycle 3 (Years 9-12): Total output 275 million OCAT

Cycle 4 (Years 13-16): Total output 137.5 million OCAT Cycle 5 (Years 17-20): Total output 68.75 million OCAT Cycle 6 (Years 21-24): Total output 34.375 million OCAT

Later stage (Year 25 and beyond): The final token output will decrease year by year until all 2.2 billion tokens are finally issued

Cycle	Total output	Daily output
Cycle 1	1100000000	753424.6575342466
Cycle 2	550000000	376712.3287671233
Cycle 3	275000000	188356.16438356164
Cycle 4	137500000	94178.08219178082
Cycle 5	68750000	47089.04109589041
Cycle 6	34375000	23544.520547945205

Functions and uses of tokens

The main functions of OCAT in the OCEAN AI ecosystem include:

Computing Resource Payment

Node incentives: OCAT is used as an incentive currency for computing nodes. When a node provides computing resources, it will receive OCAT rewards based on the contributed computing power.

Computing task payment: When users publish computing tasks on the platform, they need to pay OCAT tokens to the corresponding computing nodes to ensure the liquidity of transactions within the platform.

Platform Governance

Decentralized governance: OCAT token holders can participate in the decentralized governance of OCEAN AI. Token holders can participate in key decisions of the platform, such as technology updates and token issuance, through the voting mechanism.

Proposal and decision-making: OCAT holders can propose platform development proposals, and other token holders can decide whether the proposal is passed by voting to ensure the decentralized operation of the platform.

Reward and Incentive Mechanism

Node Rewards: To encourage nodes to provide computing resources, OCAT will be regularly distributed to active node participants to ensure the continued healthy operation of the network.

Community incentives: Through community activities, tasks and contribution rewards, OCAT serves as a community incentive token to encourage users and developers to participate in the construction of the ecosystem.

Developer Rewards: The OCEAN AI platform will reward developers for developing applications through open APIs and SDKs to promote application innovation of decentralized computing and blockchain technology.