Aethir: Token exchange with IO.net temporarily suspended, launching a $50 million community reward program

ChainCatcher news, the Aethir Foundation has announced a $50 million community reward program. Due to the temporary suspension of the token exchange program with IO.net, these ATH tokens will be used to reward active participants in the Aethir community.

Of this, $20 million worth of ATH tokens will be allocated to users holding checker licenses, with everyone eligible to receive a minimum amount of ATH; those who have invested at least 2500 ATH in each Checker License and have been continuously investing since the TGE will receive bonuses. Aethir will take daily snapshots to determine eligibility, with the final snapshot occurring on July 23, 2024.

The remaining $30 million will be injected into the ATH-AI staking pool, which will be distributed over 24 weeks to enhance yields, thereby boosting staking rewards and supporting AI application development.

Aethir stated that the $50 million community reward program is an important milestone towards a decentralized future in cloud computing. By reallocating resources initially intended for the io.net token exchange, it can accelerate the growth and development of the Aethir ecosystem. Aethir will continue to maintain a strategic partnership with IO.net to promote the potential of distributed GPU computing.