Blendr Network – Technical Plan Docs
  • Blendr's Network
    • Executive Summary
  • Problem and Solution for Blendr - A Comprehensive Approach
  • Blendr's Decentralized Architecture
    • Blendr Compute Mesh (BCM)
    • BlendrChain
    • Blendr Token ($BLENDR)
    • BME | Native Token
    • Digital Asset Rights Ledger (DARL)
    • Node Engagement Protocol (NEP) and Creator Engagement Protocol (CEP)
    • Node Manager Selection
    • Task Scheduler Optimization active GPUs
    • Data Encryption and Integrity - Quantum-Resistant Encryption
    • Blockchain Smart Contract for Task Verification - Enhanced with Oracles
    • Reward Mechanism for GPU Contributors
    • Token Staking for Non-GPU Holders
    • Multi-Tier Pricing (MTP) Algorithm
    • Voting Power
    • Reputation Scoring System
    • Resource Allocation
    • Burn and Mint Equilibrium (BME)
    • Secure Transaction Protocol
    • Allocation Optimization
    • Dynamic Pricing Model
    • Incentive Mechanism (Burn and Mint Equilibrium - BME)
    • Token Staking
    • Reputation and Incentive Mechanism
    • GPU Selection and Task Allocation
    • CUDA + Blendr
    • Flow for User
  • In conclusion
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  1. Blendr's Decentralized Architecture

Blendr Token ($BLENDR)

The Blendr Token ($BLENDR), functioning as an ERC20 token on the Ethereum blockchain, is primarily utilized for purchasing computational power within the Blendr ecosystem's marketplace. Unlike the BME tokens on the Blendrchain, which are specifically designated for rewarding contributors, the $BLENDR token facilitates seamless commercial transactions within the platform.

Utilization of $BLENDR Token:

  • Purchasing GPU Power: Users leverage $BLENDR tokens to access the decentralized pool of GPU resources available on the Blendr marketplace, enabling them to execute tasks that require significant computational effort.

  • Market Transactions: The token acts as the currency for all marketplace activities, streamlining the process of acquiring or leasing GPU capabilities.

  • Service Access: Beyond just GPU power, $BLENDR tokens might also be used to purchase additional services and features within the Blendr ecosystem, enhancing the user's operational capacity and experience.

  • Operational Efficiency: By using $BLENDR tokens, the marketplace ensures an efficient, transparent, and secure mechanism for executing and settling transactions, supported by the Ethereum blockchain's robust infrastructure.

  • Staking and Liquidity: Users can stake $BLENDR tokens to contribute to the network's liquidity, potentially earning rewards for their participation and support of the ecosystem.

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Last updated 1 year ago