What is Aethir (ATH)? How does it work and using it?

Aethir (ATH) is a unique decentralized cloud computing platform focused on harnessing the computational power of Graphics Processing Units (GPUs). With Aethir, users can access and utilize a vast network of GPUs to perform resource-intensive graphic tasks.

So, how does Aethir work, and what role does the ATH token play in this ecosystem? Let’s dive into the details with AZCoin in this article!

What is Aethir (ATH)?

Aethir is a modern cloud computing platform that focuses on optimizing the use and distribution of GPUs for businesses. The Aethir Cloud platform is developed through collaboration between enterprises, data centers, miners, and retail GPU providers.

Aethir provides a flexible ecosystem for the decentralized marketplace of computational resources, catering to a wide range of users from individuals to businesses. Key use cases include artificial intelligence (AI) training, AI inference, cloud gaming, and virtual devices like mobile phones.

Users can run Checker Nodes to earn ATH tokens but must have a Checker Node License. This model is similar to XAI, which initially succeeded with the sale of 65,000 Checker Nodes, raising approximately 29,000 ETH.

Development team, investors & partners

Development team

Aethir boasts a development team of about 30 members, led by CEO Mark Rydon, who has previously held significant positions at companies such as NOTA Platform, Flux Capital, Gaas LTD, Kulture Athletics, Inc., and Bechtel Corporation.

Other key team members include:

• Daniel Wang – Co-founder and Chief Business Officer (CBO): He has held crucial roles at IVC (Venture Partner), YGG SEA (Chief Information Officer), Riot Games (International Publishing Executive), and Riot Games China (Executive Director).
• Kyle Okamoto – Chief Technology Officer (CTO): He was the Executive Director & General Manager of IoT, Automotive, and Security at Ericsson, Executive Director at Edge Gravity, and Network Director at Verizon Media.
• Paul Thind – Chief Revenue Officer (CRO): Previously, he was Co-founder and Executive Director at Triggerspot Inc, and also served as an advisor for Creadits and Trick Studio.

Investors & partners

Aethir successfully raised $9 million in the Pre-Series A round with the participation of renowned investors such as Animoca, Maelstorm Fund, IVC, Framework, Sanctor Capital, Merit Circle, and Big Brain Holding,…

Funding rounds include:

• Seed Round (early 2022) with a valuation of $60 million.
• Pre-Series A Round (July 26, 2023) with a valuation of $150 million.

Additionally, Aethir conducted a node sale and raised 29,000 ETH.

How does Aethir work?

In the Aethir ecosystem, the components “Containers,” “Indexers,” and “Checkers” play distinct but crucial roles:

• Containers: These are the fundamental units in the system, functioning as virtual endpoints where cloud applications are executed and processed. Containers are responsible for transferring workloads from local devices to virtual environments, providing a smooth cloud experience with quick response times.
• Indexers: Acting as connection nodes in the Aethir network, Indexers help optimize the matching process between users and containers. They select based on criteria such as service fees, experience quality, and overall ratings to ensure low latency and the best image processing quality.
• Checkers: Ensuring the performance and integrity of Containers, Checkers are tasked with verifying specifications and monitoring the operation of Containers. They perform checks at various stages, from registration to rendering, to maintain Quality of Service (QoS) across the system.

These components work closely together to ensure that Aethir’s distributed cloud computing infrastructure operates efficiently and meets performance standards.

Key features of Aethir

Aethir stands out for its ability to optimize GPU usage for high-demand computational fields such as artificial intelligence (AI), machine learning and cloud gaming, among other applications. This is achieved through two main mechanisms:

• Resource Pooling: Owners can contribute unused GPUs to Aethir’s system, creating a powerful computational resource pool. This allows GPUs to be distributed globally at reduced costs, enabling users to access advanced computing power more easily.
• Decentralized Ownership: Aethir employs a decentralized resource ownership model, overcoming the limitations of traditional ownership structures. This creates a fair and open technological environment, making it easier for new users to join the ecosystem.

Additionally, Aethir offers a cloud platform with specialized GPU architecture to meet the stringent processing requirements of industries like gaming and AI training. This architecture connects GPU clusters into a unified network, enhancing scalability, reliability, and system resilience.

Basic information about ATH Token

ATH token specifications

• Token Name: Aethir
• Ticker: ATH
• Blockchain: Arbitrum
• Token Standard: ERC-20
• Contract: Updating…
• Token Type: Utility, Governance
• Total Supply: 42,000,000,000
• Circulating Supply: Updating…

ATH Token Allocation

• Team & Advisors: 15%
• Private Sales: 15%
• KOL Round: 1%
• Liquidity (MM/Exchange): 4%
• Incubator: 2.5%
• Treasury: 12.5%
• Rewards for Miners: 50%

Uses of ATH token

The ATH Token has several uses within the Aethir ecosystem:

• Payment Medium: ATH Token serves as the primary exchange unit on the platform, used by participants and node operators to pay for services within Aethir.
• Governance: ATH Token holders have the right to propose, discuss, and vote on significant changes, ensuring the decentralization of the platform.
• Staking: New node operators wishing to participate in Aethir need to stake ATH Tokens as an initial commitment. This mechanism helps ensure that participants have economic responsibility and share the platform’s goals.

Where to buy ATH token?

ATH token is currently traded on the best crypto exchanges such as Binance, KuCoin and Uniswap. Users can easily purchase ATH tokens using trading pairs like ATH/USDT or ATH/ETH.

Where to store ATH token?

Similar to MX token and ANKR Token, ATH tokens can be stored in wallets that support the ERC-20 standard, including popular wallets like MetaMask, Trust Wallet, and MyEtherWallet. These wallets ensure security and allow users to manage ATH tokens safely.

Aethir’s development roadmap

Aethir’s development roadmap includes several key stages to expand the platform’s features and applications. Notable milestones include:

• Q1 2024
  • Hardware improvements
  • Launch of Testnet Phase B
  • Deployment of Cloud Phone services as PaaS
  • Introduction of a new rental model (Novel Rental Model)
• Q2 2024
  • Token Generation Event (TGE) and Mainnet launch
  • Upgrading server infrastructure
  • Launch of Bare Metal Rental platform beta
• H2 2024
  • Launch of GPUaaS services
  • Integration of sensor data
  • Expansion of node operation locations
• H1 2025
  • Enhancing SaaS services
  • Advancing towards a decentralized model
  • Introduction of new AI and security features
  • Launch of Open API

Conclusion

Thus, Aethir (ATH) not only brings innovations in resource distribution and utilization but also opens up new opportunities for investors and users. To stay updated on technological and security trends in the cryptocurrency field, you can follow in-depth analyses from AZCoin.