Nosana Price(NOS)

Nosana is a web3 project that aims to revolutionize the way users access computing power for AI projects by creating a decentralized GPU grid on the Solana network. Users can rent computing power for AI inference through the grid, powered by the NOS token.

Nosana merges AI with blockchain technology by creating a decentralized GPU grid on the Solana network. This grid allows users to rent computing power for AI inference from GPU owners with idle hardware, using the NOS token for transactions and rewards. By leveraging idle computing power from gaming PCs, mining units, and MacBooks, Nosana aims to make AI building more affordable and efficient for smaller projects with limited resources. Users can deploy AI inference workloads on the platform and run nodes to earn NOS tokens.

Nosana pivoted from offering decentralized CI/CD services to AI inference due to the increasing demand for GPU units for AI projects. With a shortage of GPUs available for AI inference, Nosana recognized an opportunity to provide a solution by creating a decentralized GPU grid. By interlinking blockchain technology with AI inferencing via the Solana network, Nosana allows users to conveniently and affordably rent computing power for AI projects.

Nosana launched an incentivized test grid in December 2023 with over 100 GPUs connected by developers and AI enthusiasts. The test grid allowed users to deploy and run AI inference workloads, providing valuable insights for the Nosana team on how to proceed with their decentralized GPU grid project. The outcome was positive, as it demonstrated the feasibility and potential of the platform. The NOS token was used to incentivize testers, run nodes, and for staking to earn rewards. Moving forward, Nosana plans to release its main grid in H1/H2 2024, powered by the Solana blockchain. This initiative aims to revolutionize the way users access computing power for AI projects, making it more affordable and efficient.

The NOS token plays a crucial role in the Nosana ecosystem by serving as the native utility token used to power the Solana GPU grid. Users can utilize NOS tokens to purchase computing power from the decentralized GPU grid, deploy AI inference workloads, and reward GPU owners who run nodes on the platform. Additionally, NOS tokens can be staked to earn rewards through the Nosana staking program, where 2% of network fees are allocated to reward NOS stakers.

Users can purchase computing power from the Nosana grid using the NOS token by accessing the decentralized GPU grid created by Nosana. The NOS token is used to buy computing power from GPU owners who run nodes on the platform. Users can also stake NOS tokens to receive rewards on the platform.

The distribution percentages of the NOS token are as follows: 3% for the public sale, 5% for the airdrop, 20% for mining released linearly over 24 months, 20% for the team released linearly over 48 months, 10% for liquidity, 25% for the company released linearly over 36 months, and 17% for backers released linearly over nine months. The NOS token release schedule is structured to ensure a steady and controlled distribution over time. Additionally, users can stake NOS tokens on the Nosana platform to earn rewards, with 2% of network fees allocated for NOS stakers. Staking NOS tokens comes with varying APY rates based on the amount staked, with a minimum unstake period of 14 days and a maximum of 365 days.

Nosana incentivizes users to participate in the network through staking NOS tokens. By offering rewards for staking, such as a portion of the fees generated by the network. Users can stake NOS tokens using their Solana wallet to earn rewards, with a safe and audited smart contract powering the staking process. The APY for staking varies based on the amount of NOS staked, providing users with the opportunity to earn passive income.

The minimum unstake period for staking NOS tokens on Nosana is 14 days, while the maximum unstake period is 365 days. Staking NOS tokens allows users to earn rewards on the platform, with 2% of the fees generated by the network set aside for NOS stakers. The APY for staking varies based on the amount of NOS tokens staked. Users who stake NOS tokens will receive staked NOS, which signifies the amount that can be unstaked, as well as an xNOS score that determines their rank for daily NOS rewards.