VIA, the native token of Octavia, plays a crucial role in the operation of the Octavia ecosystem. It is not just a currency, but an essential part of the system that powers our Web3 Crypto AI Assistant.
VIA is designed to be staked, used for premium features, voted with to participate in governance, and utilised in the training of our ML models, allowing users to earn additional VIA tokens. Here's how each of these utilities work:
By staking VIA, users will be able to earn ecosystem rewards. This mechanism is designed to incentivize users to participate actively in the Octavia ecosystem. The staked tokens will be locked away, reducing circulating supply and ensuring a healthy ecosystem, while the generated rewards can be a source of passive income for token holders.
VIA holders will have the opportunity to access advanced workflows, private mode, automated trading, and more. Either through staking enough VIA tokens This utility encourages users to hold and use VIA tokens, leading to increased demand and reduced circulation of VIA in the market.
As a decentralized platform, Octavia allows VIA token holders to participate in the decision-making process. They can propose, discuss, and vote on new features, adjustments to the protocol, or any changes in the ecosystem. This means that the direction and evolution of the Octavia platform is in the hands of its community, which aligns with the ethos of decentralization and open development.
We're excited to talk about Train-To-Earn, a revolutionary concept where users can directly contribute to Octaiva's development by providing feedback on Octavia's output for ecosystem rewards. This mechanism is designed specifically not only enhances Octavia’s capabilities but also creates a positive feedback loop where users are rewarded for their contribution to the platform. We will have more to say about this train-to-earn ecosystem post launch.