What is Nodepay?

Nodepay is a decentralized network infrastructure platform that provides bandwidth for AI training. By connecting to the Nodepay network, users can sell their unused internet bandwidth to AI companies, enabling the efficient transfer of public training data, labels, model sharing, and remote distributed training.
In simple terms: users offer their idle internet bandwidth to AI applications that need it.

Why is Nodepay Needed?

Currently, the volume and diversity of data required for AI training are crucial. These ensure that AI models are trained in a wide range of real-world scenarios, improving their accuracy and adaptability. The more diverse and rich the data, the better AI performs in various situations. AI providers typically collect data from the open internet, scraping content such as blog posts, social media updates, and comments. However, this approach overlooks the value of unused bandwidth. Nodepay addresses this issue by creating a decentralized AI platform that allows users to share their idle bandwidth, transforming it into real-time data streams. By turning unused bandwidth into real-time data channels, Nodepay enables users to contribute to AI training while earning rewards, creating a win-win situation.

Nodepay Ecosystem

The Nodepay platform is built on three core pillars:

• Node Core — The foundational infrastructure of the Nodepay ecosystem, including the node grid for connecting different nodes, Large Language Model (LLM) providers, and token distribution protocols, providing essential building blocks for the Nodepay ecosystem.
• Node Net — A network of bandwidth nodes and partner nodes that operate various services within the Nodepay ecosystem. These nodes include bandwidth nodes, computing nodes, storage nodes, and validator nodes, collaborating to run the various services on Nodepay.
• Node Services — A suite of services provided within the Nodepay ecosystem, offering various functionalities to users, including Node Collect, Node Search, Node Play, and Node Force.

Nodepay Core Features

Node Collect

Node Collect is the foundation of the Nodepay decentralized AI ecosystem, continuously collecting real-time data while ensuring user privacy and data integrity. Unlike traditional static datasets, Node Collect provides an ever-evolving information flow, keeping AI models up-to-date and aligned with global trends.
For users:

• Earn passive income through bandwidth sharing
• No active management required
• Transparent reward system
• Contribute to AI advancements
  For the AI ecosystem:
• Continuously provides real-time, more relevant data
• Diversified global data sources
• Enhances AI model training
• Reduces data collection bias

Node Search

Node Search is Nodepay’s decentralized answer engine that allows users to access highly accurate, real-time search results via the internet. When users submit a query, Node Search activates a multi-step process to provide the most accurate answers, resulting in a comprehensive, Web3-based response that remains updated in real time.

Node Force

Node Force represents Nodepay’s reinforcement learning platform, incentivizing users to provide feedback to help train and refine AI models. By connecting AI companies to Nodepay’s data API, Node Force enables user-driven model training and accelerates AI development.

Node Play

Node Play introduces gamified human verification through Node Wars (a skill-based gaming platform) based on Telegram, helping validate users’ humanity while incentivizing participation. Features include human verification scoring, Sybil detection, and anti-bot measures.

Nodepay’s infrastructure is designed not only to generate income through its applications but also to maintain a circular token economy:

• Community Rewards: Points earned by users through node operation, participation in node wars, and other contributions are recorded at the end of each season. Contributors are snapped and rewarded with community tokens based on their contribution record.
• Token Buyback: Revenues generated by Nodepay services will be reinvested into the ecosystem through token buybacks, creating a sustainable economy that benefits all contributors in the network.
• Gas Token Utility: Nodepay tokens are used as gas tokens to access Nodepay services. For individuals, the token grants access to premium search features in Node Search, while businesses use Nodepay tokens to unlock real-time data retrieval in Node Collect. This utility is the core function of Nodepay tokens, facilitating seamless interaction with Nodepay’s core products.
  

Funding Background

October 2, 2024: Nodepay completed a funding round with investors including Animoca Brands, Jump Crypto, Elevate Ventures, Mirana Ventures, and NGC Ventures.
December 27, 2024: Nodepay completed its second funding round, raising $7 million, with investors such as IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital, and Funders.VC.

Nodecoin Tokenomics

$NC is the native token of Nodepay, enabling holders to participate in the Nodepay ecosystem in the following main ways:

1. Supporting Network Transactions: Use $NC to pay for network services, including real-time data retrieval (Node Collect), AI-specific scraping, search queries (Node Search), dataset access, and other advanced features.
2. Staking Incentives: Stake $NC to dedicated nodes (e.g., validator nodes) to help support network operations and security. Stakers receive rewards for supporting Nodepay’s infrastructure.
3. Ecosystem Governance: Participate in the development of the Nodepay network. Token holders can propose improvements, vote on new partners, and determine the incentives for all participants.

The total supply of $NC is approximately 1 billion tokens:

• Community Incentives: 42%
• Ecosystem Foundation: 22.5%
• Investors: 21.5%
• Team: 14%

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