byData Docs
  • byData Inception
    • Overview & Mission
    • Challenges
    • Solution
  • byData Ecosystem
    • Overview
    • Key Components
    • Proof of Optimization
  • Roadmap
  • ByData AI Agent
    • Overview
    • Execution Flow
    • Framework
  • byData Network
    • Overview
    • Framework
  • byCode
    • About byCode
      • How byCode Functions
      • Benefits of Holding byCodes
      • Details on byCode Sales
      • Referral Program
      • Reward Contribution Methodology
  • Buying and Activating byCodes
    • Step 1 – Connect Your Wallet
    • Step 2 – Purchase byCode
    • Step 3 – Activate byCode
    • Step 4 – Share Referral Link
  • Managing Your byCodes
  • Tokenomy
    • $byData
    • Tokenomics
    • Vesting Schedule
  • Contact & Support
    • Contact & Support
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  • Key Use Cases of $byData
  • 1. Reward Conversion from $byTrain to $byData
  • 2. Fees for AI Agent Usage and Integrations
  • 3. Trading Medium for byCode on the byData Marketplace
  • 4. Staking for Revenue Sharing and Governance Participation
  1. Tokenomy

$byData

$byData serves as the core utility and governance token within the byData ecosystem, facilitating transactions, staking, and AI-driven automation.

Key Use Cases of $byData

1. Reward Conversion from $byTrain to $byData

During the AI training phase, users who activate byCodes earn direct rewards along with engagement points, which are converted into $byTrain, a pre-mainnet incentive token. Upon the launch of the byData Mainnet, all accumulated $byTrain will be converted at a fixed 1:1 ratio into $byData, ensuring a seamless transition for early participants into the byData economy.

2. Fees for AI Agent Usage and Integrations

$byData will be the primary payment method for executing AI-driven services within the byData ecosystem. Any third-party applications or partners that integrate byData AI Agent will need to pay transaction fees in $byData, reinforcing its demand as the network expands. This includes:

  • AI-powered DeFi automation (e.g., liquidity management, risk assessment).

  • Smart contract AI execution for on-chain protocols.

  • Custom AI solutions for enterprise and blockchain applications.

3. Trading Medium for byCode on the byData Marketplace

Once the byData Marketplace is live, users will be able to buy, sell, and trade byCodes using $byData. This provides a decentralized and secure marketplace for participants to acquire additional computational power or monetize their byCode holdings as demand increases.

4. Staking for Revenue Sharing and Governance Participation

$byData will power the staking mechanism within the byData Network, allowing users to:

  • Earn revenue-sharing rewards from AI service fees and ecosystem growth.

  • Participate in governance decisions through the byData DAO, influencing protocol upgrades, AI model development, and network policies.

As the central utility token of byData, $byData fuels reward systems, AI transactions, decentralized trading, and governance participation. With the Mainnet launch and ecosystem expansion, $byData will transition into a fully tradable asset, reinforcing its value as an integral component of decentralized AI infrastructure.

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Last updated 13 days ago

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