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BUSINESS MODEL

Overview​

Hyra Network is an advanced Layer-3 blockchain designed to support and develop Hyra AI's decentralized AI ecosystem. Its business model focuses on harnessing the computing power of edge devices, optimizing costs, and improving scalability and security for AI applications.

Main Revenue Streams​

  • Transaction Fees: Users pay fees to execute transactions and smart contracts on Hyra Network. This creates a stable revenue source from daily blockchain activities.
  • AI Service Fees: Businesses and developers pay to use Hyra AI's services, including data labeling, model training, and inference. This leverages the growing demand for AI services.
  • AI Model Sharing Fees: Developers pay to share and monetize their trained AI models on the Hyra Mega. This encourages the sharing and development of high-quality AI models.
  • Decentralized Governance: HYRA token holders participate in platform governance through voting and proposing improvements, with a portion of governance fees collected from these activities. This creates an actively engaged community in managing and developing the platform.

Services and Products​

Internal Ecosystem

  • Hyra Scan: A blockchain explorer tool for monitoring and querying blockchain transactions, providing transparent and easily verifiable information.
  • Hyra AI: A decentralized AI platform offering services such as data labeling, model training, and AI inference. It reduces AI development costs while enhancing scalability, security, and efficiency.
  • Hyra Mega: An AI marketplace connecting developers and users, offering diverse AI solutions and resources to foster innovation and collaboration in AI-driven applications.

External Ecosystem

  • Hyra Wallet: A digital wallet application designed for managing assets, supporting secure transactions, and providing a seamless experience for asset management on the Hyra Network.
  • Hyra Bid: A platform for online auctions and e-commerce services, enabling users to bid, purchase, and sell products in a transparent environment.
  • Hyra Bank: A comprehensive digital banking solution offering: eSIM & Gift Card Services: Instant eSIM activation and customizable gift card solutions. Digital Banking Services: Secure and efficient financial management, including savings, payments, and investments. Travel Booking Services: Simplified booking solutions for flights, hotels, and other travel needs.

How Users Earn Income​

Hyra Network offers users various ways to earn income by utilizing their idle computing power and participating in the AI blockchain ecosystem. Users can earn income from the Hyra DApp by:

  • Renting Computing Power from Smart Devices: Users can share computing power from their edge devices, such as smartphones, PCs, and IoT devices, to support AI tasks on Hyra. They receive rewards in native HYRA tokens based on the computational resources they provide.
  • Performing AI Tasks: Users can participate in AI-related tasks like model training, data analysis, or AI algorithm processing. These tasks require high computing power, and users are rewarded with native HYRA tokens upon completion.
  • Trading and Investing in Native HYRA: Users can trade HYRA tokens on cryptocurrency exchanges or invest in them as a digital asset for potential future value growth.
  • Participating in Affiliate Programs: By referring new users to the platform, users can earn HYRA tokens based on the new users' device power and completed tasks.
  • Buying and Using Qualcomm Nodes: Users can purchase Qualcomm Nodes to perform AI tasks more efficiently and earn greater HYRA rewards.

Competitive Advantages​

  • Superior Scalability: Hyra Network offers superior scalability compared to existing blockchains, ensuring high performance and low costs.
  • Security and Transparency: The blockchain-based platform guarantees high transparency and security, building trust among users and businesses.
  • Active Community Participation: The decentralized ecosystem encourages community involvement, ensuring democratic and sustainable development.