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 decentralized, autonomous, 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 decentralized knowledge graph, it send users PHAI if it finds their 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.

  • 50% of the $PHAI deducted from searches are burnt and taken out of circulation, while the other 50% is distributed to $PHAI stakers on Virtuals.

  • As a data driven platform that relies on data inputs from users. There will be PHAI buy backs which will be used for data attribution.

  • In the future, Pharmacies will need to hold certain amounts of PHAI tokens to improve rankings and show authenticity.

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