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AI CODE priceAICODE
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About AI CODE (AICODE)
What Is AI CODE?
AI CODE is the core token that powers the ArbDoge ecosystem. This token is an integral part of the Arbitrum City (ArbCity) project, a virtual destination designed for community members to socialize, work, and play. ArbCity offers a vibrant nightlife, dynamic lifestyle, and esteemed cultural institutions. As the city is expected to grow, AI CODE will be at the heart of its expansion, playing a pivotal role in various aspects of the ArbDoge AI, from NFT purchases and governance to application participation and payments for ecosystem projects.
Resources
Official Documents: https://docs.arbdoge.ai/tokenomics/aicode
Official Website: https://arbdoge.ai/
How Does AI CODE Work?
AI CODE is said to be the fundamental code that powers the operations of ArbCity, the virtual city of ArbDoge AI. The token has a wide range of utilities across the ArbDoge AI ecosystem. For instance, it can be used for NFT purchases, participating in applications, governance voting, and making payments for various ecosystem projects.
There are two primary methods to obtain AICODE tokens: Burning Mining and Trading Mining. Burning Mining is set to account for 60% of the total token supply, equivalent to 12,600,000 tokens. In contrast, Trading Mining will represent 40% or 8,400,000 tokens. Burning Mining involves receiving a specific amount of AICODE tokens daily, with the amount decreasing over time. On the other hand, Trading Mining requires purchasing AIDOGE tokens valued at over $500 in a single transaction on Camelot, which not only offers a chance to win in the Lucky Drop but also guarantees a proportional share of the daily AICODE token output.
What Is AICODE Token?
The AICODE token is the primary currency of the ArbDoge AI ecosystem. With an initial total supply of 21,000,000 tokens, it has no transaction tax burn. After a community vote, AICODE stopped issuance at 12 a.m. on May 24, 2023. The total circulation of AICODE is fixed at 1,025,569.669477 tokens. This token is currently traded on various platforms, such as Bitget.
What Determines AI CODE's Price?
In the ever-evolving world of blockchain and Web3 technologies, the price of tokens like AI CODE is influenced by a myriad of factors. The principle of supply and demand remains the most significant determinant. As more investors show interest in AI CODE, driven by the allure of it being touted as the best crypto investment for 2023 and beyond, the demand surges, potentially pushing its price upwards. Conversely, if the supply of AI CODE exceeds its demand in the market, the price might experience a dip. Cryptocurrency charts and cryptocurrency analysis provide valuable insights into these dynamics, helping investors make informed decisions.
The latest news and developments surrounding AI CODE also play a pivotal role in shaping its price. Cryptocurrency trends, often reflected in cryptocurrency price predictions, are swayed by the latest developments in the blockchain space, security concerns, and the broader cryptocurrency regulation landscape. For instance, positive news about AI CODE's latest advancements or its increasing adoption in Web3 projects can lead to bullish cryptocurrency price predictions. However, market volatility, often exacerbated by cryptocurrency risks such as regulatory clampdowns or security breaches, can lead to rapid price fluctuations.
For those wondering where to buy cryptocurrency, especially tokens like AI CODE, leading exchanges such as Bitget offer a secure and user-friendly platform. As cryptocurrency adoption continues to grow, fueled by the promise of decentralized finance and the innovations of Web3, understanding the factors that determine the price of tokens like AI CODE becomes crucial for both seasoned investors and newcomers alike.
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