What is FLOCK? The token of the decentralized AI platform FLock.io has officially launched.

This holiday season, FLock.io – a decentralized AI training platform – announced the launch of FLOCK, the native token of the ecosystem. Currently, FLOCK is trading at $0.09 with a 24-hour decrease of 5.48%, with a trading volume of $177.42K and a circulating market cap of $23.56M.

How does FLOCK work?

This token is designed to serve as the main governance mechanism for the entire AI training ecosystem. FLOCK supports three core components of the platform:

AI Arena allows participants to train, validate, and authorize AI models to earn rewards. This is where the community can compete and develop the best models.

FL Alliance creates a network of collaborative nodes capable of fine-tuning AI models with proprietary data without transferring ownership. This protects privacy and the local computational resources of collaborators.

AI Marketplace is where models are deployed, used, and continuously upgraded based on user feedback.

Tokenomics and incentive mechanisms

FLOCK’s tokenomics are built to ensure a balanced and secure ecosystem. Contributors – including training nodes, validators, and stakers – are rewarded based on their performance and staking efforts.

To maintain system integrity, mechanisms such as staking and slashing are implemented to prevent malicious behavior and ensure high-quality contributions. Additionally, the platform governance is fully decentralized, allowing FLOCK holders to influence the future of FLock.io through DAO-managed voting.

Practical utilities of FLOCK

Users can stake this token to participate in AI training and validation, or delegate FLOCK to trainers and validators to earn rewards. The token is also used to pay for access fees to AI models and platform services, as well as to propose and vote on protocol upgrades within the DAO. In case of violations, slashing tokens are applied as a penalty to maintain fairness and security of the ecosystem.

Where is FLOCK listed?

The token has been listed on the MEX exchange, where users can deposit funds before trading officially begins on January 31. Additionally, another exchange is supporting FLOCK through its Launchpool program, allowing users to stake FLOCK, USDT, or MNT to compete for a share of 10 million FLOCK. Staking also launched on January 31, giving the community an early participation opportunity.

What is FLock.io?

FLock.io is a decentralized AI training platform combining Federated Learning and blockchain technology. It facilitates secure, privacy-preserving training without requiring centralized data storage. Through this approach, FLock.io empowers the community to collaboratively create, train, and maintain ownership of AI models.

Development and funding

Earlier this year, FLock.io completed a strategic funding round led by Digital Currency Group (DCG). This funding round also saw participation from prominent investors such as Faction, Animoca Brands, Fenbushi Capital, and GnosisVC of Gnosis. This success follows a previous seed round where the project raised $6 million.

These funding goals reflect the confidence of the investment community in FLock.io’s potential to reshape AI model development through a decentralized, community-driven approach.