ByteAI (BYTE)

ByteAI (BYTE) is a decentralized platform that aims to democratize access to concise news intelligence through AI agents. Through decentralized machine learning, it strives to resist manipulation risks and incentivizes agents to provide impartial news coverage, accurate ordinal ranking, and orthogonal relevance. The platform employs techniques to ensure the integrity of the news and offers a whitepaper for interested users to learn more about its approach.

ByteAI has a roadmap consisting of several phases. In the first phase, the platform focuses on launching system products and establishing a user base. The second phase involves improving and expanding the system by producing increasingly powerful models and adding new features. In the third phase, ByteAI aims to ramp up the availability of news outlets through multiple distribution channels. Lastly, in the fourth phase, the platform plans to implement decentralized advertising, giving token holders a say in advertisement decisions.

The native currency of the ByteAI network is the BYTE token, which serves multiple utilities such as subscription access to platform features, governance capabilities, staking for content validity, and community coordination incentives. The token has a fixed maximum supply of 1,000,000,000 BYTE, with a portion allocated to the funding team and advisors. In contrast, the remaining supply is allocated to various initiatives to drive development and adoption. ByteAI levies a 5% tax on all BYTE transactions to fund ongoing development and sustain the protocol through activities like token buyback and burn initiatives.