UtexaThe UTX Token
The UTX token is the heart of the Utexa ecosystem. It’s what you earn when you contribute your data, and it’s what powers the fair and transparent data economy we are building together. UTX is designed to give you a real stake in the network and to ensure that everyone who participates is rewarded for their contribution.
About the Token
Here are a few key details about our token:
- Name: Utexa Token
- Symbol: UTX
- Total Supply: We are carefully designing our token supply to support a healthy and sustainable economy. More details will be announced soon.
Token Distribution
To create a healthy and sustainable ecosystem, the UTX tokens will be distributed among the key participants of the network. The proposed distribution is as follows:
| Category | Percentage |
|---|---|
| Community Rewards | 40% |
| Team & Advisors | 20% |
| Token Sale | 15% |
| Ecosystem & Partnerships | 15% |
| Foundation/Treasury | 10% |
| Total | 100% |
What Makes UTX Valuable
UTX is more than just a reward. It's a powerful tool that gives you a voice and a share in the Utexa network. Here’s what you’ll be able to do with your UTX:
Earn Rewards
The main purpose of UTX is to reward you for the data you share. The more valuable the data you provide, the more UTX you can earn. It’s our way of saying thank you for helping to build a better AI.
Have a Say in Our Future
We want Utexa to be a community driven platform. As a UTX holder, you’ll have the power to vote on important decisions about the future of the network. This could include things like data policies, how rewards are distributed, and what new features we should build next.
Generate More Value Through Staking
You’ll be able to “stake” your UTX tokens to earn even more rewards. Staking is like putting your money in a savings account to earn interest. It’s a great way to generate passive income while also helping to secure the Utexa network.
Access Special Features
In the future, you’ll be able to use your UTX to unlock special features, get exclusive data insights, and pay for services within the Utexa ecosystem.
A Thriving Economy Built for You
We’ve designed the Utexa economy to be self sustaining. As AI companies pay for access to the valuable insights generated by our network, we use a large portion of that revenue to buy UTX from the market. We then distribute that UTX back to you, the contributors. This creates a constant demand for the token and ensures that its value is tied to the success of the platform.
Simply put, as the demand for ethical AI data grows, so does the value that flows back to you.