These past years, The Cere Layer-1 blockchain leveraged token inflation to incentivize network security through validator and nominator rewards, a common approach among Proof-of-Stake chains until transaction fees can sustain the network.
While inflation has served its purpose in rewarding our early supporters, specifically the validators and nominators, we are happy to announce that we are projecting to replace inflation with real-world demand very soon! This is the first result stemming from years of hard work, focusing on tokenizing cloud computing on clusters like Dragon 1 through CERE tokens by securing SLAs and data security, while fully automating payments and validations.
This is a huge milestone. Not only for Cere, but for all of Web3, as we are starting to automate and tokenize the rapidly growing, trillion-dollar data compute market.
In the coming weeks we will start to unveil some technical deep dives along with customer/user success case studies detailing how our innovations are driving impact in relatable use cases.
The transition to a non-inflationary economy will not happen overnight and we are committed to rewarding those of you who actively support our ecosystem.
Therefore, we'll soon launch the Cere “Diamond Hands Bonus”: a time-limited reward that will ensure existing validators & nominators who have been an invaluable part of our ecosystem are rewarded aptly during this transition.
This bonus is designed to augment real yield generated by our data clusters as it ramps up during the initial months of 2025, ensuring those who have shown unwavering and steadfast support for our project are taken care of during this phase.
More details on the Diamond Hands Bonus and how it’ll drive token utility will be shared in the coming weeks.
By aligning rewards with real usage, we’re ensuring that $CERE reflects real-world demand from highly competitive decentralized data clusters powered by $CERE tokens and Cere protocol, benefitting all participants in the ecosystem.
We are setting the stage and foundation for our hyper-growth phase, driving and unlocking tremendous value by automating huge amounts of data compute demand closer to the edge, all around the world.
Join us in building the future of data!