Tokenization
Last updated
Last updated
$OLM is an ERC-20 token that incorporates a cutting-edge revenue-sharing mechanism through compliance with the standard.
This allows token holders to share in the revenue generated by OLM’s onchain AI models, creating a fair, sustainable, and decentralized ecosystem. Below is an overview of the core aspects of OLM tokenization:
ERC-7641 extends the basic functionalities of ERC-20 by introducing a built-in revenue-sharing mechanism.
Through this standard, $OLM token holders can periodically claim their share of the revenue generated by OLM’s AI models. The revenue is collected in a communal pool, and holders can redeem their portion by burning tokens or claiming rewards at designated intervals.
Revenue Sharing: Token holders periodically claim a portion of the revenue generated by OLM's AI models, distributed transparently via smart contracts. All revenues generated for OLM will be shared among $OLM holders, ensuring a fair distribution of profits.
Medium of Value: $OLM tokens are not just for revenue-sharing; they are also used to access services and training resources for AI model development. This ensures that token holders are actively engaged in the ecosystem’s growth and sustainability.
OLM’s integration with ERC-7641 provides a systematic and transparent approach to sharing the revenue generated by its AI models. Token holders can claim or burn tokens to receive a share of the revenue pool, ensuring a balanced and equitable distribution.