In the rapidly evolving world of decentralized platforms, Modclub stands out as a pioneering crowdwork solution, leveraging advanced AI to deliver rapid, precise, and scalable moderation, verification, and data labeling services. Seamlessly integrating with both Web2 and Web3 products, Modclub offers unparalleled versatility by working across various blockchains. The platform is built on the principles of security and privacy, ensuring a robust and reliable environment for its users. Dive into the Modclub ecosystem to understand how it’s revolutionizing the landscape of decentralized applications (dApps) and beyond. To learn more about the transformative potential of Modclub, don't miss out on their comprehensive Whitepaper.

What Is Modclub (MOD)?

Modclub is a decentralized crowdwork platform that leverages advanced AI for rapid, precise, and scalable moderation, verification, and data labeling solutions. Operating as a private and secure platform, Modclub is fully compatible with both Web2 and Web3 products. It seamlessly integrates with various blockchains, offering versatility to users. To learn more about Modclub, check out our Whitepaper.

How Many MOD Tokens Are There in Circulation?

Modclub launched on August 25, 2023, with 1 billion MOD tokens created at genesis. A reserve of 42.65% of MOD tokens is earmarked for future initiatives such as airdrops, ongoing R&D, and marketing.

What Makes Modclub Unique?

Modclub is the world’s first decentralized Mechanical Turk-like platform, redefining crowdwork. Operating as a Software as a Service (SaaS) model platform, Modclub delivers a range of services, including data labeling for AI model training, content moderation, and Proof of Humanity, catering to both decentralized and traditional companies.

Key Features of Modclub:

1. AI-Powered Collaboration: Modclub combines advanced AI capabilities with a decentralized human workforce. Moderators earn platform tokens (MOD) for their contributions, while AI algorithms automate content filtering, labeling, language understanding, visual context analysis, and continuous learning.

2. Internet Computer Blockchain: Modclub leverages the Dfinity Internet Computer Blockchain, ensuring efficient, cost-effective, and scalable decentralized solutions.

3. Reputation System Excellence: Modclub introduces a one-of-a-kind reputation system to guarantee moderator quality and consistency. This system upholds content integrity and enhances user trust.

Where Can I Buy Modclub (MOD)?

MOD is available for trading on a growing number of exchanges:

• ICPSwap
• ICDex
• Sonic

MOD Token Utility

MOD is the native utility token that is used for:

• Moderator Rewards: These tokens are employed to reward moderators for their verification services. Partner applications handle MOD token deposits and deductions based on usage. Moderators' earnings depend on their reputation and locked token amounts.
• Governance: MOD tokens can be staked as neurons. This allows token holders to vote on SNS proposals. Furthermore, extended staking periods yield increasing rewards, motivating holders to participate actively in Modclub's governance.

Please refer to Modclub's Tokenomics Paper for more information.

Token Market Data

Coin Statistics:

• Current Price: $0.0292
• Market Cap: $0.00
• 24h Price Change: 2.67%
• 7d Price Change: 12.13%
• 30d Price Change: 15.68%
• 24h High: $0.0293
• 24h Low: $0.0280
• All-Time High: $0.0718 (2024-01-29T18:20:00.000Z)
• All-Time Low: $0.0210 (2024-01-26T07:56:00.000Z)
• Circulating Supply: 0.00
• Total Supply: 980,001,283.00

Purpose and Utility of the Modclub Crypto Token

The Modclub crypto token, MOD, serves as the core utility and governance token of Modclub's platform. It has several purposes and utilities:

1. Payment for DApp Developers: DApp developers can use MOD tokens to pay for verification services provided by Modclub.
2. Rewarding Moderators: Moderators on Modclub's platform can earn MOD tokens based on their contributions, performance, and reputation score.
3. Governance: MOD token holders who stake their tokens in the Governance canister can participate in the decision-making process, helping to shape the future of Modclub's platform.

The Modclub token aims to solve the problem of efficient and effective content moderation for decentralized applications (dApps) and other platforms that deal with user-generated content. By providing a means of payment for verification services and rewarding moderators, the token incentivizes high-quality content moderation and helps maintain the quality and integrity of platforms using Modclub's services. Additionally, the governance aspect of the token allows the community to have a say in the platform's development and direction.

Tokenomics and Distribution Model

The Modclub crypto token has a total supply of 1 billion tokens, with the tokenomics and distribution model outlined in the Modclub SNS Tokenomics Paper. The token distribution is divided into three categories: Insider, Community, and Protocol. The Insider category includes 21% of the tokens, the Community category includes 36.35%, and the Protocol category includes 42.65%. The Insider category is further broken down into Airdrop (2%), Advisors (5%), Seed (5.165%), Pre-Seed (6.685%), and Team (16%). The Community category includes the Decentralization Sale (22.5%). The Reserve category (42.65%) is not specified in terms of its allocation.

The token distribution is not explicitly detailed in terms of the number of tokens in circulation or any maximum supply cap. However, it is mentioned that "Insiders" have reserved, at a minimum, ~370k ICP worth of $MOD upon completion of the SNS Sale. The Modclub Foundation has provided an extensive white paper detailing the protocol, and the Modclub dApp is open source. The team has also provided a clear white paper that details the protocol comprehensively, and there is technical documentation available that explains the underlying mechanisms, functionalities, and concepts of the protocol.

Mechanisms to Control Inflation

The Modclub Foundation has implemented a burning mechanism where 50% of each transaction fee is burned, and the other 50% goes to the leading validator processing that transaction. This mechanism serves as an incentive for validators to process as many transactions as possible and contributes to deflationary pressure as throughput and activity increase.

Additionally, the Modclub Foundation has introduced a deflationary inflation schedule, where the inflation rate decreases over time, starting at 8% and decreasing by