union-icon
coin logo
coin logo

GLS

Glacier Network

hot image387K+
share image

In this article, we’ll explore the key features of Glacier Network (GLS), its innovative approach to AI-driven decentralized infrastructure, and how you can participate in the $GLS Points airdrop campaign.

Ended
Event Period:
12/18/2024 08:00:00 - 12/25/2024 10:00:00 (UTC+8)
600,000 GLSTotal Prize Pool
Earn up to 200 GLS ticket(s)Rewards
Learning Contenticon

What Is Glacier Network (GLS) and How Does It Work?

Published: December 19 2024 at 11:50 AM
Copy

Glacier Network is a data-centric blockchain platform designed to enhance artificial intelligence (AI) capabilities at scale. By offering a programmable, modular, and scalable infrastructure, Glacier facilitates efficient storage, indexing, and querying of both on-chain and off-chain data, thereby empowering decentralized applications (dApps) and Decentralized Physical Infrastructure Networks (DePIN).

Key Takeaways

> Data-Centric Blockchain: Glacier provides a specialized infrastructure tailored for AI, DePIN, and large-scale dApps, focusing on efficient data management.

> Modular and Scalable Design: Its architecture supports seamless integration with various storage solutions, ensuring scalability and flexibility.

> Verifiable Computing: Through components like GlacierAI, GlacierDA, and GlacierDB, the network enables trustless and verifiable computations.

What Is Glacier Network (GLS)?

Glacier Network is a blockchain platform that addresses the growing demand for efficient data handling in AI applications. Its modular design allows for seamless integration with decentralized storage solutions such as Arweave, Filecoin, and BNB Greenfield, providing a robust environment for data-intensive applications.

Key Features of Glacier Network

By integrating the following components, Glacier Network creates a unified ecosystem that supports AI-driven advancements, ensuring secure, verifiable, and scalable infrastructure for next-generation AI technologies. This approach facilitates seamless and efficient data management, verifiable computing, and off-chain verification, thereby supercharging AI at scale.

1. GlacierDB: A composable, modular, and scalable NoSQL database designed for resilience, immutability, interoperability, and high levels of data privacy and security in Web3. It serves as the core of Glacier's data management system.

2. GlacierAI: Provides the first decentralized vector database (VectorDB) for AI, integrated with LangChain, facilitating efficient storage and retrieval of high-dimensional data critical for AI tasks.

3. GlacierDA: Addresses the demand for off-chain verification and computing of Generative AI (GenAI) and DePIN executed states, ensuring trustless and verifiable computations.

4. Integration with Decentralized Storage: Glacier seamlessly integrates with storage networks like Arweave, Filecoin, and BNB Greenfield, enabling efficient and secure data storage solutions.

5. Scalability through Layer 2 Rollup: Utilizes zk-rollup technology to handle large volumes of data, ensuring scalability and efficiency for data-intensive applications.

How Does Glacier Network Work?

Glacier Network (GLS) is a blockchain platform designed to enhance how AI operates by making it more scalable, modular, and efficient. It aims to manage AI models, data, and agents (the programs that carry out tasks) more effectively. The network offers an innovative way to ensure AI tasks are reliable, transparent, and verifiable.

At the heart of Glacier Network is its ability to run AI models directly on the blockchain. This ensures that the results from these models are transparent and trustworthy, a feature that is crucial in a world where AI is becoming increasingly sophisticated. Glacier uses a technology known as verifiable computing to make it easy to check whether an AI’s results are correct. This reduces the risk of errors and ensures users can confidently rely on the outputs generated by AI models.

An overview of Glacier Network | Source: Glacier.io 

Glacier Network's Role in the AI and Blockchain Ecosystem

By offering a data-centric blockchain platform, Glacier Network plays a pivotal role in enhancing AI capabilities within the blockchain ecosystem. Its infrastructure supports efficient data management, verifiable computing, and seamless integration with decentralized storage solutions, making it a valuable asset for developers and organizations aiming to build scalable and efficient AI-driven applications.

Glacier Network's Native Token: GLS

The $GLS token serves as the foundational asset within the Glacier Network, offering a wide range of utilities that empower developers, users, and stakeholders. Here are the key functions and value propositions of $GLS:

1. Staking & Governance: $GLS holders can stake their tokens to participate in the governance of the Glacier Network. Staking is required to run nodes, ensuring network security and enabling participation in decision-making processes. This promotes decentralization by giving the community a voice in crucial protocol upgrades and ecosystem development.

2. Access to Glacier Services: $GLS provides access to core services like GlacierAI, GlacierDB, and GlacierDA. These services enable AI-driven applications, dataset management, and real-time data queries, facilitating efficient and scalable development for enterprises and developers.

3. Transaction Fees: $GLS is the primary currency for transaction fees on the Glacier Network. This includes executing smart contracts, interacting with decentralized applications (dApps), and processing data requests, ensuring network efficiency.

4. Ecosystem Growth & Rewards: Contributors to the network, such as node operators and developers, are rewarded in $GLS. This incentivizes active participation, collaboration, and innovation, fostering a thriving ecosystem.

5. Incentivizing Network Security: Validators and node operators secure the network by staking $GLS and are rewarded for their efforts. This creates a self-sustaining security model, aligning the interests of all stakeholders.

6. Access to Future Innovations: $GLS will enable access to future features, such as integrations with AI-driven applications, decentralized finance (DeFi), and cross-chain functionalities, further expanding its utility.

GLS Token Allocation 

> Total Supply: 1,000,000,000 GLS

> Initial Circulating Supply: 118,500,000 GLS

> Initial Market Cap: $3,910,500

> Fully Diluted Value: $33,333,333

GLS token distribution | Source: Glacier Network blog

Glacier Network Token Distribution

1. Angel Round: 70,000,000 GLS (5% at TGE, quarterly vesting over 18 months)

2. Pre-Seed Round: 90,000,000 GLS (10% at TGE, quarterly vesting over 15 months)

3. Seed Round: 30,000,000 GLS (20% at TGE, quarterly vesting over 15 months)

4. Public Sale: 100,000,000 GLS (100% at TGE)

5. Node Rewards: 200,000,000 GLS (0% at TGE, quarterly vesting over 48 months)

6. Founding Team & Advisors: 240,000,000 GLS (0% at TGE, quarterly vesting over 60 months)

7. Ecosystem & Treasury: 260,000,000 GLS (0% at TGE, quarterly vesting over 48 months)

8. Community Rewards: 10,000,000 GLS (0% at TGE, quarterly vesting over 15 months)

Token Release Schedule

This controlled release plan helps mitigate volatility and ensures long-term ecosystem functionality and security.

GLS token release schedule | Source: Glacier Network blog

> Initial Distribution: Designed to avoid market oversaturation, maintaining stability.

> Gradual Vesting: Tokens are released in alignment with the vesting schedule to support sustainable network growth.

Disclaimer: The information on this page may come from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is for reference only and does not constitute any form of representation or warranty, nor should it be construed as financial or investment advice. KuCoin is not responsible for any errors or omissions, or for any outcomes resulting from the use of this information. Investing in virtual assets may involve risks. Please carefully assess the product risks and your risk tolerance based on your financial situation. For more information, please refer to our Terms of Use and Risk Disclosure.

First lesson
Next