What Is AIOZ Network (AIOZ)?
AIOZ is the native token of the AIOZ Network, which is a Layer-1 blockchain. The AIOZ Network price chart above features the current AIOZ price. The main aim of AIOZ Network is to decentralize the streaming industry. It provides users with a distributed content delivery network (dCDN), which essentially utilizes the unused computing power, bandwidth, and storage of nodes (people that are paid for selling their resources) to stream content.
Due to the global network of nodes connected by the dCDN, the AIOZ Network offers low prices, limitless shared bandwidth, fast delivery speed, and the highest-quality streaming.
The AIOZ Network is interoperable with Cosmos and Ethereum networks. Thus, it utilizes the smart contracts of the Ethereum Virtual Machine (EVM) and the WASM. Therefore, the AIOZ Network crypto project is scalable and provides users with low-cost fees, instant finality, and quick dApp deployment.
Use Cases of AIOZ Tokens
AIOZ tokens are the driving force of the whole network. Primarily, AIOZ Network tokens act as means of payment within the network. This means that various services, dApps, or items on the AIOZ Network can be purchased using these tokens.
Moreover, AIOZ Network coins can be staked to secure the network and generate staking rewards. In addition to that, the AIOZ Network nodes are rewarded using AIOZ coins. Besides, there is one more way to earn AIOZ – by joining the community marketing program.
Tokenomics of AIOZ
The max supply of AIOZ Network coins is 1 billion. Thus, AIOZ tokens are deflationary, which means that their price might increase as the token supply becomes more scarce.
However, it's important to understand that the AIOZ price could not only increase but also fall. In fact, it could happen anytime because the AIOZ Network price is highly affected by the swings of the whole crypto market.