Token Utility

PHAI

PHAI is a utility token that will be used to operate the Pharmachain AI ecosystem. It is required for the proper functioning of the platform.

Pharmachain AI, by design, will be a decentralised, automated, AI-run platform that will not function properly without PHAI.

PHAI:

• Serves as points. When a user takes an action that contributes to the AI decentralised knowledge graph. The AI will successfully reward a user with PHAI if it finds your contribution essential to its knowledge and continued existence.

• PHAI will be required to trigger responses from the AI when searches are made. The AI will only respond when the user's PHAI wallet balance is within a certain threshold, and for each search, PHAI holdings are deducted.

The deducted PHAI from searches are burnt and taken out of circulation.

• There will be a quarterly buyback and burn of PHAI tokens. A certain percentage of the fees charged to pharmacies will be used to reduce the token supply, ensuring that the token is relevant enough to trigger AI responses and incentivise data contributors across the globe.