Pundi AI token replacement in-depth disassembly: deflation model reconstruction and AI data value leap

Written by: Yuliya, PANews

The rapid development of AI technology has driven the rise of the DeAI field. As a decentralized AI data layer developed by Pundi X, Pundi AI is committed to breaking the monopoly of centralized platforms on high-quality AI data through data tokenization and economic incentive models. . With the brand upgrade and token renaming, $FX will be renamed to $PUNDIAI at a 100:1 ratio on February 25. This article will introduce in detail the token replacement process, the logic behind it, the reasons for upgrading and the innovative changes it brings.

Reconstructing the AI ​​data value chain

Pundi AI’s token replacement is not a simple token name change, but an important part of its strategic upgrade of its AI data ecosystem. The core of the AI ​​industry lies in computing power, algorithms and data, and the scarcity of data and the monopoly of centralized platforms are the main bottlenecks we are currently facing. Pundi AI attracts more data contributors through decentralized methods and promotes the improvement of data quality in AI model training.

Currently, the AI ​​industry is facing three major pain points: data monopoly, privacy leakage, and quality disparity:

• Centralized platform monopoly: For example, Google and OpenAI spend $60 million every year to purchase Reddit data, making it difficult for small and medium-sized developers to obtain high-quality resources.
• Data bias and inefficiency: The quality of public Internet data is uneven, resulting in poor performance of AI models in professional fields (such as medical care, finance).
• Lack of incentives for contributors: data providers cannot obtain reasonable returns, forming a "giant blood-sucking" model.

Pundi AI has introduced the "Tag-and-Earn" model, which transforms data annotations into easy and interesting interactive activities through browser plug-ins, attracting more contributors to participate, and providing more diverse and high-quality data for the AI ​​model. In addition, Pundi AI tokenize and trade AI data in the form of NFT, achieving clear data property rights and transparent transactions, and promoting data flow and value discovery.

Full stack product matrix

Pundi AI builds a more complete decentralized AI data product through token replacement and brand upgrade, including:

• Pundi AI Data Platform: A central platform specially used for AI data management, supports uploading data in text, pictures, videos, audio and other formats to perform the entire process of labeling and verification to ensure transparency and traceability.
• Pundi AIFX Omnilayer : A cross-chain AI data processing platform that can distribute AI-related tasks (such as data annotation and verification) to participants around the world. No matter which blockchain network the user uses, he can seamlessly participate in tasks and receive rewards, while also reducing transaction costs. If you publish data labeling tasks on Ethereum, global users can complete tasks on other chains (such as Base) and receive rewards. The entire process will be automatically completed by the platform.
• Purse+ Browser Plugin: Purse+ is a browser plug-in that can easily participate in Pundi AI data collection work when surfing the Internet every day. When browsing web pages, you can use plug-in to mark text, pictures or videos to train AI models. You can get a $PUNDIAI token reward for every time you complete the valid annotation. In addition, the plug-in also supports team collaboration functions, which can label data and participate in discussions with other users.
• AI Data Market: The marked data is equivalent to intellectual property rights, and data contributors can place data on this market. AI developers, organizations, and researchers can purchase high-quality, filtered datasets here by category to train AI models. The platform uses $PUNDIAI tokens as settlement currency, and automatically completes payment and distribution through smart contracts, and buyers obtain NFT ownership certificates of data.
• AI MM Agent : predicts and responds to market changes by monitoring trading pools (mempools) in real time. It is an intelligent market maker system. Main functions include: transaction warning (monitoring large-scale transactions and lightning loans), dynamic adjustment of liquidity (automatically narrowing or expanding price ranges according to market conditions), execution of the same block (optimizing Gas fees in the same block if necessary Complete the operation), and intelligent risk control (analyzing the price trend, trading volume and volatility of trading pairs such as ETH/USDC). When large transactions are discovered, the system will quickly adjust the price range of LP tokens to avoid arbitrage by MEV robots, and ensure that higher fee income can be obtained. Through the collaborative operation of these functions, AI MM Agent not only provides a better trading experience, but also brings stable returns to vePUNDIAI holders. It is an intelligent market-making solution integrating efficiency, security and profitability.

Dual token model improves practicality and governance participation

Pundi AI is building an innovative dual-line ecosystem. In the Web2 field, the platform assists AI companies in obtaining high-quality data, generating income through 10% data release fee and 10% transaction commission; in the Web3 field, developers can purchase AI data on the platform, train agents and issue tokens for doing so In the city, this part of the business obtains income through 1% Agent transaction fee, LP fee, 10% project incentive fee, and whitelist application fee. All revenue from both business lines will be returned to the ecosystem participants.

In order to better support this innovation ecosystem, Pundi AI will conduct token replacement. This token replacement reduces the existing $820 million FX tokens to $8.2 million tokens to $8.2 million PUNDIAI at a ratio of 100:1, significantly increasing scarcity. At the same time, FX has been fully unlocked, which is a pure community-driven, with no institutional unlocking of selling pressure. 65% of the tokens are still pledged at the validator node, providing potential support for the token price.

Since $FX has been launched on top exchanges such as Upbit and Coinbase, and centralized exchanges that support redemption, token replacement will be automatically completed by the exchange, and users do not need to operate manually. The number of tokens will be automatically updated at a ratio of 100:1.

For self-hosted holders on the chain, manual replacement is required.

• AIFX Omnilayer (original f(x)Core): Automatic replacement. Regardless of whether the FX token is pledged or unstaked, the system will automatically upgrade it to PUNDIAI without additional operations. After the tokens in the pledged will continue to receive rewards according to the original mechanism.
• Base &Ethereum Network: Manual replacement. Please visit the specified page and manually upgrade FX tokens to PUNDIAI according to the page guidelines. Alternatively, you can choose to bridge the FX token back to Pundi AIFX Omnilayer to automatically complete token replacement.

After token replacement, $PUNDIAI and $vePUNDIAI will form a dual token model:

• $PUNDIAI : a medium for circulation and payment, used for data transactions, pledges and handling fees.
• $vePUNDIAI : Governance rights voucher, locking tokens to obtain voting rights, all business income from the ecosystem will be remitted to the protocol revenue pool, and will be fed back to $vePUNDIAI holders in various ways, including weekly project token incentives, LP Pool revenue sharing and agreement revenue sharing.

This innovative dual-business line structure combines the dual-token model, drawing on Curve's ve mechanism, Pump.fun's AI agent release mechanism and Aerodrome's ve3,3 voting model, effectively incentivize long-term holdings through locking mechanisms. This design not only balances the two major business segments of AI data services and Web3 developer services, but also ensures the sustainable development of the ecosystem and creates long-term value for token holders through scientific token economics design.

Flywheel effect is turned on?

Pundi AI’s token replacement strategy essentially represents its strategic upgrade and architectural reshaping in the field of AI data ecosystem. This transformation is redefining the operating paradigm of the AI ​​data market by building a decentralized data infrastructure and an innovative token economic model.

Judging from the current market data, Pundi AI is in a critical period of revaluation of value. In terms of market size, after completing the 100:1 token replacement, the circulation supply was 8.06 million. As an AI field token launched on both Upbit and Coinbase, its current circulation market value is at a low level among similar projects. Referring to the valuation level of similar projects on the market (full dilution valuation of approximately US$3 billion), significant size differences can be observed.

Judging from historical data, token shrinkage events like Aave (LEND to AAVE) are often accompanied by significant valuation increases. At the industry trend level, as Grayscale Research Report positioned the "AI data basic layer" as the core track of the crypto economy, the integration of AI+Crypto technology has become an industry consensus.

Pundi AI is building a self-driven ecological closed loop: attracting high-quality data providers through carefully designed token incentive mechanisms, promoting the continuous accumulation of high-quality data assets, and thus attracting AI developers to develop and innovate based on the platform. The prosperity of the developer ecosystem can create more opportunities for data contributors to monetize value and form a virtuous ecological growth cycle. With this full-stack solution, Pundi AI is expected to become an infrastructure-level entrance to drive hundreds of millions of Web3 users to access the AI ​​economic system.

In addition, Upbit will suspend Function X (FX) recharge and withdrawal services at 10:00 a.m. on February 26, 2025 (UTC+8); FX/BTC transactions will be from 1:00 p.m. on February 28, 2025 (UTC+8) The pause will begin until the name change and token exchange work will be notified separately. When trading support is restored, the market name will be changed to PUNDIAI/BTC.