Onicai moves to single-token model after community debate

Onicai has confirmed it will move to a single-token structure for its SNS, bringing its ecosystem under one banner with ONICAI as the sole token and transitioning FUNNAI into it. The decision follows weeks of discussion across its community, where questions around governance, incentives and long-term sustainability were openly debated.

According to the team, the shift is the outcome of sustained feedback rather than a pre-set plan. Community members raised concerns about complexity and alignment under a dual-token approach, prompting the project to reassess how its governance token and its Proof-of-AI-Work model could function together. The result is a unified framework that combines elements of a traditional SNS governance token with a mined token model inspired by Bitcoin-style economics.

The onicai team describes the revised approach as an attempt to align a wide range of stakeholders, from early SNS decentralisation sale participants and existing FUNNAI users to developers, contributors and the broader AI community. By consolidating around a single token, the project aims to simplify participation while maintaining incentives for governance, development and long-term funding.

That said, the team acknowledges the technical and tokenomics challenges involved. Merging two models into one required trade-offs, and the success of the structure will depend on execution as well as ongoing community support. Observers within the ICP and decentralised AI space will be watching closely to see whether the promised balance between open participation, governance control and sustainable economics holds up in practice.

Alongside the announcement, onicai has released an updated whitepaper outlining its proposed path forward and additional resources intended to help contributors and supporters decide how they want to engage with the project. The team has framed the move as an invitation to continue shaping the platform collaboratively, rather than the final word on its design.

As decentralised AI projects experiment with governance and funding models, onicai’s single-token decision adds another live case study to the mix, one that will be tested over time by adoption, developer interest and the realities of running an open network.