GRT AI token

The GRT AI token is a utility token designed to facilitate transactions, support governance, and foster trust in the network. It serves three primary purposes.

• As a DAO governance token, holders can participate in setting the rules of the network.

• As a staking token, holders vouch for domain operators’ trustworthiness. Stakers get a cut from the domain operator’s service revenue. But they could also be slashed if the domain operator misbehave, such as spreading misinformation or providing unreliable services.

• As a payment token, the GRT AI token could be deposited into the domain’s escrow contract and be used to pay for services over time.

The payment utility of the GRT AI token is designed to balance the network supply and demand. The value of the GRT AI token asset is determined at the time when it enters or leaves the escrow smart contract based on real-time exchange rates.

Service consumers could lock in savings from the potential appreciation of the token. For example, if a user deposits $100 worth of GRT AI tokens into the contract, and when the domain and nodes get paid, the token value has gone up to $110, he would have received $110 worth of agent services.

Conversely, if the token price drops, the service providers (domains and nodes) now have an opportunity to “mine” the tokens on the cheap. If the $100 initial tokens is only worth $90 now, service providers will get more tokens for each unit of electricity and compute they provide. That incentivizes more nodes to join the network and speculate on a later rise in token value.

An exercise: OpenAI is projected to reach $5 billion in ARR in 2024. Assume that most enterprise customers pay quarterly, that is $1.25 billion of circulation market cap in addition to OpenAI’s current enterprise value if they were to issue a payment token. The overall AI services market size is projected to reach $2 trillion in a few years. That translates to $500 billion market cap for a payment utility token alone.