Nosana stands poised to revolutionize the world of GPU cloud computing by leveraging the power of the Solana Network. As the first decentralized computation platform of its kind, Nosana provides much-needed compute power for running AI applications, making it both more accessible and affordable. This is particularly critical given the current massive shortage of GPUs in traditional cloud infrastructures. Nosana envisions a future where communities collaboratively provide the necessary computation power in a decentralized manner. With GPUs available at cloud convenience but at a fraction of the cost, Nosana’s innovative approach could reshape the landscape of AI and cloud computing indefinitely. Continue reading to explore how Nosana is spearheading this transformation and the unique opportunities it presents.
What is Nosana?
Nosana is revolutionizing GPU cloud computing by providing companies with more accessible and affordable compute power for running AI. This makes Nosana the first decentralized computation platform powered by the Solana Network.
At the moment, there is a massive shortage of GPUs in these cloud infrastructures. Nosana believes that communities can provide the computation that is needed in a decentralized way. Furthermore, a strong community can keep a project powered for eternity. Nosana offers GPUs with the convenience of the cloud at a fraction of the costs.
Our Platform
Nosana is a crowd-computing platform where community members can rent out the GPU capacity of their devices to their favorite projects and earn NOS tokens. Most consumer hardware will be supported, making it a very accessible way to generate extra income. With Nosana, open-source projects do not have to rely on Big Tech for their automation needs.
Nosana’s first project (Galactica) is focused on providing the compute power required to run projects' CI/CD infrastructure. Developers & supporters can use and share each other's compute power to execute their software delivery pipelines. Support others by running code checks or building container images and get NOS tokens in return. No technological knowledge is required, only a strong belief in the projects of the open-source and crypto projects. CI by the people, for the people!
The NOS Token
NOS is the native utility token that is used for:
- Fees for purchasing GPU power on the network
- Staking NOS tokens to earn rewards and validate.
- Used for governance votes to determine how network resources are allocated.
Token Market Data
Coin Statistics:
- Current Price: $6.7199
- Market Cap: $0.00
- 24h Price Change: 0.22%
- 7d Price Change: 27.63%
- 30d Price Change: 304.10%
- 24h High: $7.1142
- 24h Low: $6.5852
- All-Time High: $7.9701 (2024-03-07T19:24:00.000Z)
- All-Time Low: $0.0106 (2023-10-23T05:55:00.000Z)
- Circulating Supply: 0.00
- Total Supply: 100,000,000.00
Purpose and Utility of the Nosana Crypto Token
The Nosana crypto token ($NOS) is the native token of the Nosana Network, which is a decentralized GPU grid developed and customized for AI inference workloads. The token is used as a secure and simple way to pay for services in the Nosana marketplace, particularly for computing resources needed for AI inference.
The main problem that Nosana aims to solve is the high cost and inefficiency of traditional public clouds for AI inference workloads. Nosana's decentralized GPU grid offers up to 85% lower costs than traditional public clouds, providing a more cost-effective and efficient solution for organizations and individuals seeking massive compute power without breaking the bank.
The Nosana Network empowers anyone with spare compute to contribute their idle processing power to the GPU grid, earning substantial rewards in the process. This approach not only provides a more eco-friendly alternative to using big datacenters but also contributes to the advancement of AI projects.
In summary, the Nosana crypto token serves as a secure and simple payment method for computing resources needed for AI inference workloads, addressing the high cost and inefficiency of traditional public clouds. The token also incentivizes individuals to contribute their idle processing power to the decentralized GPU grid, promoting a more eco-friendly and cost-effective approach to AI computing.
Tokenomics and Distribution Model
Nosana (NOS) is a Blockchain-based open-source cloud computing marketplace dedicated to AI Inference, with a total token supply capped at 100 million tokens. The token distribution model includes the following categories:
- Company: 25% (25,000,000 NOS)
- Team: 20% (20,000,000 NOS)
- Mining: 20% (20,000,000 NOS)
- Backers: 17% (17,000,000 NOS)
- Liquidity: 10% (10,000,000 NOS)
- Airdrop: 5% (5,000,000 NOS)
- Public Sale: 3% (3,000,000 NOS)
The token distribution is designed to allocate tokens to various stakeholders, including the company, team, mining, backers, liquidity, airdrop, and public sale. The mining pool is a significant portion of the total supply, capped at 20,000,000 tokens, and tokens are released linearly over a period of 24 months.
As of March 14, 2024, the circulating supply of Nosana tokens is 48,197,665 NOS, with a market cap of $145,162,208 USD. The token's price is $2.88, and it is ranked #259 on CoinMarketCap.
Team Behind Nosana
The Nosana crypto token is backed by a team with diverse backgrounds in software engineering, computer science, and artificial intelligence. The core team members include:
- Sjoerd Dijkstra (Founder): Sjoerd is the founder of Nosana. He has extensive experience in the blockchain industry, having worked on developing funded companies at executive level leadership roles for over 10 years.
- Wesley Bonda: Wesley is part of the Nosana team, but specific details about his background, expertise, and previous experience in the blockchain or relevant industries are not provided in the sources.
- Jesse Eisses: Jesse is also part of the Nosana team, but specific details about his background, expertise, and previous experience in the blockchain or relevant industries are not provided in the sources.
The team has received a grant from the Solana Foundation and launched a token, raising pre-seed funding for their vision. They have successfully built a decentralized crowd computer tailored for CPU computations, specifically focusing on transforming the field of CI/CD. The team has also encountered technical challenges and scalability issues, but their determination and collective expertise have helped them refine the system and prioritize security, efficiency, and user-friendliness.
The Nosana team has multiple large-scale crypto projects running numerous workloads on a daily basis on their CI/CD engine. They have also successfully pivoted to explore broader applications for their decentralized crowd computer, harnessing the collective
