San Francisco, United States, February 10th, 2025, Chainwire
DeFi ecosystem CrossFi has announced the launch of EXE, a new protocol designed to accelerate AI and web3 innovation. Billed as the first interchain AI utility protocol, EXE goes live on February 11 with a native $EXE token to power network activity.
To kickstart the launch of EXE, CrossFi has allocated tokens to the Plex community at a special rate of $0.001, allowing 1 $PLEX to be exchanged for 10 $EXE. Tokens will be claimable from February 11, enabling Plex members to begin exploring opportunities on EXE’s protocol. Designed to support a host of AI-related services, including decentralized GPU compute, AI dapps, and autonomous agents, EXE will drive novel applications operating at the intersection of DeFi and AI.
Onchain AI development is currently fragmented across multiple chains, each optimized for a specific use case. EXE has been designed to aggregate this activity, enabling dapps to seamlessly collaborate, pay for GPU power from multiple sources, and coordinate tasks among themselves.
Using EXE, AI developers can register their dapp, describe its functions, and then let the network’s smart contracts handle matchmaking, service discovery, and payments. Dapps can chain their specialized skills together, driving lower GPU costs and an agent-friendly environment where agents can discover each other via EXE’s knowledge graph.
By merging CrossFi’s established L1 blockchain with a dedicated AI utility token, EXE aims to create an AI ecosystem that’s cost-effective, agent-friendly, and ready for mass adoption. Built on CrossFi’s L1, which integrates EVM and Cosmos seamlessly, EXE provides opportunities for network users to earn rewards as human contributors for tasks such as data labeling and providing specialized reviews.
A number of advanced technologies have been incorporated into EXE’s interchain protocol including zk-proofs for M2M (machine-to-machine) transactions, ensuring both data confidentiality and transaction integrity. This will ensure a secure environment where AI agents can collaborate or pay for GPU resources without exposing proprietary information to the network.
Through combining M2M operations between dapps and agents with micro-tasks that human operators can perform, EXE will develop a thriving economy that rewards work directly in the form of $EXE. This includes supporting more complex tasks, such as code reviews or creative design, creating a crowd-sourced layer of human intelligence within an agent-driven system.
Set to go live with an estimated market cap of $100M, EXE will reinforce CrossFi’s reputation as a hub for innovative blockchain projects that push the boundaries of decentralized technology. In the process, it will empower DeFi users to discover the opportunities autonomous agents present to learn and earn.
About CrossFi
CrossFi Chain provides an inclusive, next-generation solution that bridges fiat and cryptocurrency seamlessly. Featuring innovative non-custodial payment technology, CrossFi enables users to maintain full control of their funds while enjoying unparalleled access, transparency, and convenience. CrossFi brings true financial freedom and inclusivity for all.
Learn more: https://crossfi.org/
Contact
Dan Edelstein
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