obelyth.io

Built a blockchain where miners earn by running real AI jobs instead of burning energy on pointless hashing — here's how it works Been building this for a while and finally published the whitepaper and open-sourced the code this week. Posting here because I think the economic design is genuinely interesting and want feedback from people who think critically about tokenomics. **The core problem with PoW:** Bitcoin mining consumes electricity equivalent to mid-sized nations to produce exactly one output — block security. The computation has zero utility outside the network. That always bothered me as a data scientist watching AI compute costs explode simultaneously. **What Obelyth does differently:** Proof-of-Useful-Work. Miners earn OBY tokens by completing real AI inference jobs submitted by developers. The same GPU cycles that run your inference job also secure the chain. No wasted energy — the work is the proof. **The economics:** * 90% of every developer fee goes into a diversified stablecoin AMM reserve (USDC/DAI/USDT/EURC) * 5% Creator Share — permanent protocol fee, disclosed upfront * 5% DAO fund — governance controlled * 5% of all mined OBY automatically goes to the DAO vault at the consensus layer * 92% of total supply is mined — zero VC allocation, ever **Why 92% mined matters:** Most tokens launch with 30-50% held by VCs and team members who dump on retail. Obelyth has no VC allocation at any tier. Every OBY beyond the 8% pre-mine is earned through real work on the network. The 8% pre-mine breaks down as 3% founder (4 year vest), 3% pre-mainnet community pool for early miners and developers, 2% Year 1 DAO discretionary. **Where it's at:** Pre-testnet. Python reference node is open source. Rust production node in development. Looking for early validators, GPU miners, and protocol engineers. Whitepaper and code: [obelyth.io](http://obelyth.io) **What I genuinely want feedback on:** * The 90% AMM liquidity design — does locking fees into a const