4. Token Economy: Rewarding Users for Data Contribution and Utilizing Advice
We are building a token economy that encourages users to actively participate in asset management and deepen their knowledge. In this economy, users can earn $VIRTUAL tokens by contributing data and utilizing the AI agent's advice.
4.1. Token Incentive Design
The $VIRTUAL token is the governance token of the Virtuals Protocol and is awarded to users for contributing to the AI agent's decision-making process. Users can earn $VIRTUAL tokens by providing their financial asset data, transaction history, goals, and other information, and by following the AI agent's advice on asset management. This is a new incentive model for the Web3 era, where users can create value with their data and actions and receive tokens in return.
4.2. Earning Tokens through Data Contribution
Users can earn $VIRTUAL tokens by providing information such as their financial asset data, transaction history, and knowledge level of Web3. The provided data facilitates the AI agent's learning and contributes to improving the accuracy of its advice. Data provision is voluntary, and users can freely choose the scope of information they provide. We take the utmost care to protect privacy and do not collect any personally identifiable information.
4.3. Earning Tokens by Following Advice
Users can earn $VIRTUAL tokens by following the AI agent's advice and taking actions such as investing in DeFi protocols, purchasing NFTs, and swapping tokens. This rewards users for trusting the AI agent's advice and taking real action. It incentivizes users to engage more actively in asset management and contributes to the overall growth of the ecosystem.
4.4. Token Utility
The earned $VIRTUAL tokens can be used for the following purposes:
Unlocking advanced AI agent features: Access to more sophisticated advisory functions and user customization options.
Governance participation: Voting rights on decisions regarding the future of the Virtuals Protocol.
Fee discounts: Discounts on fees for premium services that will be introduced in the future.
Through these utilities, the $VIRTUAL token increases its value within the ecosystem and encourages continued user participation.
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