CLOUD VANITY UTILITY TOKEN
> Powering a community-driven address generation ecosystem
> INTRODUCTION
We are building a utility-first token for Cloud Vanity that will transform our address generation platform into a vibrant, community-driven ecosystem. This token is designed to incentivize participation, drive demand, and fuel an ecosystem that grows with our community.
> INITIAL UTILITY AT LAUNCH
At launch, the primary utility of our token will be for paying for vanity address generation. Users who choose to pay with the Cloud Vanity token will receive priority in the generation queues, ensuring faster results for their requests. As a direct reward for supporting the network and using the native token, users will also benefit from a 10% discount on the generation fees.
> DECENTRALIZED COMPUTE POOL
Within days after the initial launch, we will introduce a significant feature: the ability for users to lend their own computers' processing power to assist with the computationally intensive task of address generation. This creates a decentralized compute pool powered by the community.
Participants in this pool will receive rewards distributed in proportion to their contribution, which will be measured by how many addresses their machines can generate per second. This system ensures fair compensation based on actual work performed, paralleling the concept of Bitcoin mining but specifically tailored for Cloud Vanity's unique address generation needs, operating entirely within the Solana ecosystem.
> FUTURE EXPANSION
Looking ahead, the same decentralized infrastructure built for address generation will be expanded to support a wider range of computing tasks. This includes computationally demanding processes like AI image generation and text generation. This expansion will create a dynamic, distributed cloud environment.
In this future ecosystem, users can lend their computing resources for various applications and earn rewards for their contributions, all facilitated by the Cloud Vanity token. The token will serve as the core mechanism for incentivizing participation and fueling the growth of this versatile distributed computing platform.