Crypto
Exploring Allora (ALLO): Binance’s Latest Addition to HODLer Airdrops
Binance announces its 58th project, Allora (ALLO), on the HODLer Airdrops portal. Allora is a decentralized AI network that uses community-built machine learning models for accurate predictions.
260d ago 4,280
Key Points
- Binance announces its 58th project, Allora (ALLO), on the HODLer Airdrops portal.
- Allora is a decentralized AI network that uses community-built machine learning models for accurate predictions.
On November 11, Binance unveiled Allora (ALLO) as the 58th project on its HODLer Airdrops platform. The announcement came before the listing of Allora on the same day.
The official statement indicated that users who subscribed their BNB to Simple Earn and/or On-Chain Yields products from October 23 to October 25 were eligible for this airdrop.
About Allora (ALLO)
Allora is a self-improving, decentralized AI network. It uses community-built machine learning models for accurate, context-aware predictions. The project is backed by industry heavyweights such as Polychain, Framework Ventures, and Blockchain Capital.
By November 11, the network had generated over 692 million inferences on more than 55 topics and engaged over 288,000 workers. It offers an abstraction layer for collaborative AI, enabling AI models to work together to create a strong, inclusive output.
The network aggregates the models to predict participants’ performance and learn in real time.
Working of Allora
Allora operates based on several steps. A topic coordinator sets a task, the worker models generate inferences, and Reputers evaluate these inferences against the truth, delivering a more consistently accurate inference than any single participant.
Allora predicts the performance of various actors that contribute to the intelligence of the network, generating the most accurate inference under current market conditions. The project allows engineers to train and deploy their models on a decentralized network to reach a wide user base. It also enables developers to integrate Allora’s predictions into dApps or protocols to boost functionality and UX.
About ALLO Token
ALLO is the native token of the project, fueling its intelligence, driving participation, and the usefulness of collective intelligence. AI workers can use ALLO to submit and evaluate inferences within specific topics on the network. Every prediction, validation, or data point exchanged on the network is settled in ALLO.
ALLO will have a total token supply of 1 billion tokens, and the same maximum token supply. The ALLO circulating supply after Binance listing will be 200,5 million tokens. The ALLO token distribution is as follows: Over 31% goes to early backers, 17.5% goes to core contributors, Over 21.4% goes to network emissions, Over 9% goes to the community, 2.5% is set for Allora prime staking rewards, Over 8.8% goes to the ecosystem and partners, More than 9.3% goes to the foundation.
In its announcement, Binance revealed that the ALLO token rewards for HODLer Airdrops will be 1.5% of the maximum token supply, or 15 million tokens. 20 million tokens will be allocated for future marketing campaigns, 6 months after spot listing.
The exchange will list ALLO on November 11, at 13:00 (UTC), and will open trading for the following pairs: ALLO/USDT, ALLO/USDC, ALLO/BNB, ALLO/TRY. Binance will list ALLO with Seed Tag, signaling potential high volatility, and the token will be first launched via Binance Alpha, the platform created to showcase early-stage projects that have growth potential in Web3. Users can already start to deposit ALLO on the exchange.
