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A newcomer in the developer race, benchmarking the same concept project, how much room is there for COMAI's market value?

A newcomer in the developer race, benchmarking the same concept project, how much room is there for COMAI's market value?

Renata2024/10/14 09:20
By:Renata
I. Project introduction
 
Commune AI is a decentralized, incentive-driven P2P coordination system aimed at building a Modularization economic system for seamless collaboration between developers and users. The protocol separates all complex calculations from the chain, allowing developers to create arbitrarily complex and computationally intensive systems and use them as APIs. Modules are coordinated through a blockchain-based collateral mechanism, and users can dynamically set the Incentive Mechanism based on their collateral rights, thereby promoting the calculation and sharing of AI models, datasets, and other resources. The entire system eliminates dependence on centralized entities, and all value exchanges occur peer-to-peer, maximizing the flow of benefits to producers.
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Project Highlights:
 
Modularization Architecture and Infinite Scalability: Commune AI adopts Modularization design, and developers can freely combine modules to build arbitrarily complex application scenarios. By moving computing tasks off-chain, modules have the ability to handle large-scale computing. Whether it is AI models, data storage or computing resources, the system can be efficiently scaled to meet different needs.
 
Decentralized governance and community-driven: Commune AI's governance model is completely decentralized, and community members can decide the future development of the protocol through DAO proposals and voting, ensuring that the decision-making process is transparent and fair. The project direction is jointly promoted by the community, enhancing the adaptability and stability of the system.
 
Mortgage-based economic mechanism: Through the on-chain mortgage mechanism, users obtain Stake by providing subjective utility, forming a highly competitive and cooperative economic environment. This mechanism ensures fair distribution of benefits and encourages users to actively participate in the construction of the ecosystem.
 
Peer-to-peer value exchange and open ecology: Commune AI eliminates intermediaries, and all value exchanges take place between peer-to-peer, ensuring that benefits flow directly to producers. At the same time, Commune AI encourages openness and accessibility, and anyone can participate in the creation and use of modules, promoting innovation and cooperation.
 
III. Market value expectations
 
Commune AI ($COMAI), as a decentralized P2P coordination system, has attracted a lot of attention from developers and users through its modular architecture and decentralized governance mechanism. Currently, the price of Commune AI token ($COMAI) is $0.33, with a circulating market value of $40,700,980.73. At this stage, the project is still in the early stages of development, but its future growth potential cannot be ignored.
 
We speculate on the growth potential of Commune AI ($COMAI) by benchmarking decentralized protocols and multi-chain trading infrastructure projects. The following is a market value comparison analysis of the benchmarking projects.
 
Benchmark project:
 
The Graph ($GRT) : Decentralized indexing and querying protocol with a token price of $0.1756 and a circulating market cap of $1,676,986,831.478.
 
Biconomy ($BICO) : Multi-chain trading infrastructure with a token price of $0.2135 and a circulating market cap of $189,307,535.
 
Gelato Network ($GEL) : Web3 automation and relay network with a token price of $0.1360 and a circulating market value of $28,468,784.629.
 
Assuming the market value of Commune AI reaches the levels of these benchmark projects, the expected price and increase of the $COMAI token are as follows:
 
Benchmarking The Graph ($GRT) : The circulating market cap is $1,676,986,831.478, and the price of $COMAI token is about $13.56, an increase of 41 times.
 
Benchmarking Biconomy ($BICO) : The circulating market cap is $189,307,535, and the price of $COMAI token is about $1.53, an increase of 4.63 times.
 
Benchmarking Gelato Network ($GEL) : The circulating market value is $28,468,784.629, and the price of $COMAI token is about $0.23, an increase of 0.7 times.
 
Commune AI Token Economic Model
 
The native token of Commune AI is COMAI, which aims to support its decentralized incentive-driven market system. The following are the key economic model parameters of the COMAI token.
 
Supply situation:
 
Circulating supply: 100,735,864 COMAI
 
Total supply: 1,000,000,000 COMAI
 
Maximum supply: 1,000,000,000 COMAI
 
Market value: $32.98M
 
Fully diluted market value: $327.35M
 
Token Distribution Mechanism: Commune AI promotes positive-sum competition by continuously optimizing emission allocation, keeping the interests of miners and validators in balance. The current standard framework is a 50/50 reward distribution mechanism between miners and validators, where miners compete to solve problems based on validators' definitions, while validators are responsible for evaluating miners' performance.
 
Reward distribution: Rewards are distributed every 100 blocks, with a generation time of 8 seconds per block. This design ensures that participants can receive rewards regularly, further promoting the decentralized development of the network.
 
Through the above mechanism, the COMAI token not only serves as a network incentive tool, but also supports the long-term development of its ecosystem, promoting competition and cooperation between miners and validators.
 
VI. Risk Warning
 
Low address active level : The active level of the project's holding address is poor, only 20% of the addresses have on-chain interaction records in the past 7 days, indicating low overall customer engagement and relatively inactive market liquidity.
 
High concentration : There is a high concentration risk in the project, where 95% of the liquidity is held in a single EOA address without locking. Any abnormal operation at this address may have a significant impact on the token market price and liquidity.
 
Fewer new addresses : 86.4% of the holding addresses were created at least 180 days ago, indicating weak user growth, fewer new holders, and limited future development potential.
 
Token issuance risk : The project has potential issuance risk, which may lead to an increase in token supply, thereby diluting the rights of existing token holders and affecting market confidence.
 
VII. Official links
 
 
 
 
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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