What is AILayer Token?

AILayer is a Bitcoin Layer 2 infrastructure chain established to facilitate the adoption of AI applications. It aims to resolve scalability and decentralization issues associated with traditional AI and blockchain platforms, providing a modular environment for deploying AI decentralized applications (dApps). The platform supports over 1 million active addresses and accommodates more than 100 projects, functioning as a notable Bitcoin sidechain.

The AILayer platform utilizes Bitcoin's security while delivering a performance-oriented infrastructure tailored for AI integration. Its governance model includes on-chain mechanisms, staking incentives, and rewards for validators, fostering decentralization and ecosystem development. The native token, $AIL, serves multiple purposes within the network, including governance, gas fees, staking, and utility for AI services.