Overview

The Yotta Protocol is designed to revolutionize the decentralized AI GPU compute landscape by leveraging state-of-the-art optimization and blockchain technology to create a secure, scalable, and elastic ecosystem. YOT is the official symbol of the token issued by Yotta Protocol, which lies at the heart of this ecosystem. YOT token is a versatile utility token that facilitates a wide range of functions within the Yotta Protocol. The total supply of YOT tokens is capped at 10 billion (10,000,000,000) to ensure controlled and sustainable growth of the ecosystem. The YOT token is integral to the operation and governance of the Yotta Protocol. It serves multiple purposes, ensuring the seamless functioning and sustainability of the decentralized Yotta network.

Token Utility

Payment: YOT tokens are used to pay for transaction fees within the Yotta Protocol, ensuring fast and secure processing of AI-related tasks and data exchanges.
User & Developer Incentive: YOT tokens are used to incentivize and compensate users to engage them on the platform. Additionally, developers who contributed 3rd party primitives, operators, and workflows will also benefit from revenue sharing whenever their modules are used.
Staking: Broker nodes are required to stake tokens to participate in the network. Users can participate in the staking on broker nodes to secure the network and earn rewards.
GPU Provider Reward: YOT tokens are distributed as rewards to participants who contribute GPUs to the network based on the quality and scarcity of their GPU resources. GPU providers will also be paid when their GPUs successfully finish AI workloads.
Governance: We will create Yotta DAO for governance. YOT token owners can raise proposals and vote on proposals. The proposals can wide spectrum of purposes ranging from managing the protocol parameters to decision-making on AI safety and ethnical issues. Additionally, Yotta DAO will allow token owners to decide which AI research to fund using the GPU resources in the network.

Distribution

The initial distribution of YOT tokens is designed to ensure a fair and equitable allocation to various stakeholders within the Yotta ecosystem. The distribution plan includes:

Ecosystem : Tokens will be reserved for initiatives, strategic partnerships, and growth activities inside Yotta ecosystem.
Community: This includes launch events, marketing, exchange listing, launchpad, and other events that will drive interest in the protocol.
Incentive: A significant portion of tokens will be allocated for rewards to incentivize participation in the protocol like providing GPUs, running broker nodes, contributing to the primitives/operators.
Foundation: A portion of the tokens will be allocated to the foundation to support ongoing development, research, and operational costs necessary to maintain and grow the protocol.
Team: A portion of the tokens will be allocated to the founding team to ensure long-term commitment and alignment with the protocol's vision.
Investors: A portion of tokens will be made available through to investors to allow broader participation and decentralization of token ownership.

The following table shows the allocation of YOT tokens based on the above description.