According to official news, Aethir announced the suspension of the $50 million token exchange plan previously agreed with io.net. The Aethir Foundation decided to launch the Aethir Community Rewards Program to distribute the $50 million worth of ATH tokens originally allocated for exchange to loyal and active participants in the Aethir network to recognize the valuable contributions of the Aethir community and further motivate people to continue to participate in the Aethir ecosystem.
The distribution of the plan is as follows:
(1) Checker Node License holder rewards. $20 million worth of ATH tokens will be distributed to Checker Node License holders, all of whom are eligible to receive a minimum number of ATHs; those who have invested at least 2,500 ATHs in each Checker License and those who have invested since the TGE will receive bonuses. Aethir will take snapshots every day to determine eligibility, and the last snapshot will be taken on July 23, 2024.
(2) ATH-AI staking pool income increase. The remaining $30 million worth of ATH tokens will be allocated to the ATH-AI staking pool over 24 weeks to increase returns and support the development of artificial intelligence applications on the Aethir network.
Aethir said that the $50 million community reward program is an important milestone towards the decentralized future of cloud computing, and by redirecting resources originally used for the io.net token exchange, it can accelerate the growth and development of the Aethir ecosystem.