The developers of Network3 have announced that the Token Generation Event (TGE) for the $N3 token is set to take place on January 22nd UTC at 8 am. The First Round of Exchanges includes Bybit, Gate, and BingX. The token smart contract will be deployed on Ethereum and dual launch N3 on IoTeX and Solana chains.
They’ve also shared details about the token’s utility and tokenomics while revealing that testnet token N3C can be exchanged for $N3 on the same day the token goes live.
This initiative will reward early adopters who contributed to the Network3 ecosystem and completed tasks on the official platform since the launch of its flagship product, the N3 Edge, and the recent Pre-TGE airdrop.
Leading the decentralized computing revolution
The N3 Edge V1 represents a significant advancement in decentralized computing tech, enabling the simultaneous mining of IoTeX and Network3’s native tokens, creating enhanced monetization opportunities for users. Moreover, by combining DePIN and Edge AI technologies, the device ensures local data accessibility while maintaining privacy and decentralization principles. Users can effectively manage their personal cloud services at home, reducing latency and maintaining complete control over their data privacy.
With this in mind, N3 Edge V1 users can now exchange the N3E points available in their accounts for N3C Compute Testnet tokens at a preferential rate. Network3 is set to facilitate GPU owners with N3C token holders for their staking efforts, with the N3C testnet tokens convertible to mainnet tokens (N3) at a 1:1 ratio with some optional unlock schedules.
Also, since its debut, Network3 has consistently delivered value to its community and backers via a host of impactful initiatives. These include airdrops designed explicitly for the first 20,000 miners, and a high-performance testnet compute staking for mining.
Lastly, it bears mentioning that Network3 is set to list on multiple renowned exchanges in January 22nd UTC at 8 am, providing further liquidity support for investors.
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Strategic growth and future directions
Network3’s impressive trajectory has been backed by substantial institutional support, having secured $5.5 million in funding from prominent investors, including Borderless, EV3 labs, IoTeX, Mask Network, and several other respected institutions.
Additionally, the platform’s N3 Edge V1 miners have demonstrated remarkable market success, selling out rapidly upon release and maintaining an impressive ROI period of approximately 100 days (with daily earnings of roughly $7.5).
Additionally, Network3 is preparing to launch its very own Local LLM (Large Language Model) as personal agent, which has already undergone internal testing. It will offer users free usage, unrestricted regional access, and independent algorithm design. The Local LLM’s agent distinctive features include “Prompt to Earn” capabilities and on-device inference for terminal devices, positioning Network3 at the forefront of decentralized AI infrastructure development.
The convergence of these initiatives has showcased Network3’s holistic approach to building a robust, user-centric, decentralized computing platform. And, with its imminent exchange listings on the horizon, the firm stands at the epicenter of the decentralized Edge AI landscape. Interesting times ahead!
