Yeahaw AI
  • Abstract
  • INTRODUCTION
    • Background
    • Overview
    • Mission
    • Advantages
  • TECHNOLOGY
    • Blockchain & Smart Contracts
    • Artificial Intelligence
    • Encryption Algorithms
    • Distributed Storage
    • API Integration
    • Asynchronous Communication
  • PRODUCTS
    • Yeahaw AI Marketplace
    • Contribution Assessment
    • Matching Model
    • Auction Model
    • AI Task Scheduler
    • Data Analytics Features
  • TOKENOMICS
    • Utility & Functions
    • Distribution
    • Incentive Mechanism
    • Governance
  • Roadmap
  • Official Links
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  1. PRODUCTS

Auction Model

In the Yeahaw AI Marketplace, the auction model caters to demanders seeking customized computing power. Demanders initiate this process by posting detailed task requirements. To facilitate fair competition among suppliers, demanders set a specific window during which all bids must be submitted, ensuring that all suppliers have equal information and can compete simultaneously.

To foster competitive bidding, Yeahaw AI incorporates a competitive pricing mechanism within its system. As suppliers place their bids, the system automatically analyzes and contrasts these bids. This approach intensifies market competition and helps stabilize computing power prices, ensuring they remain at a reasonable level.

Through this model, Yeahaw AI strategically prioritizes suppliers known for delivering high-quality computing power. This focus significantly boosts the reliability and efficiency of task execution within the marketplace, aligning with the platform's goal to optimize service quality for all users.

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Last updated 10 months ago