OpenLedger $OPEN Debuts on Binance as AI Gas Token on Sep 8

OpenLedger is preparing for a significant milestone with the Binance Launch of the Open Token on September 8. Trading will open across multiple pairs, with deposits having gone live on September 5. The event matters not only for the listing but also for what the token is built to power. The Open Token serves as the native gas token for the OpenLedger blockchain, fueling transactions, contracts, and direct interactions with AI models. It plays the role of the underlying engine for real infrastructure, not just a narrative play.

Native Gas Open Token Powering AI Infrastructure

What makes this launch more interesting is the Proof Attribution system. In plain terms, it ensures that data contributors receive rewards when their data shapes the output of AI models. This mechanism addresses a $500 billion gap where valuable data has historically been used to train systems without credit or compensation. By turning that value back toward contributors, OpenLedger is trying to build a more sustainable ecosystem for AI development, where high-quality data becomes easier to access and share.

The testnet performance gives some weight to these claims. Over six million nodes have registered, with 25 million transactions already processed. Developers have built around 20,000 AI models on the network, and 27 products are live. For an early-stage infrastructure project, those numbers signal usage beyond hype and early adoption by builders rather than just speculators.

Open Token Economics and Community Distribution

At launch, 215.5 million Open Tokens will circulate out of a total supply of one billion. Airdrops and booster campaigns are planned to encourage participation, with one percent of the supply allocated for HODLer airdrops and 25 million tokens dedicated to early supporters. That creates entry points for community members while balancing the needs of long-term distribution.

Since 2024, OpenLedger has secured $15 million, including an $8 million seed round led by Polychain Capital and Borderless Capital. Other investors include HashKey Capital, Mask Network, and WAGMI Ventures. This roster suggests that institutional players see potential in both the technology and the timing of its release.

AI Tokens in Crypto Market Context

AI tokens have been one of the fastest-growing categories in crypto, with 2024 seeing average returns well above 2,000 percent. The drivers were clear: rapid AI adoption, blockchain’s role in bringing accountability to AI, and institutional curiosity about the crossover between the two. With the Open Token, OpenLedger is stepping into that trend but with a differentiated pitch. Render is centered on decentralized GPU networks. Bittensor builds peer-to-peer training. OpenLedger takes a different path, focusing on attribution and language model provenance with blockchain verification. That approach could give it a strong, defensible spot in a market that’s getting more crowded.

Ethereum-Compatible Layer 2 Design

OpenLedger is built as an Ethereum-compatible Layer 2 using the OP stack and EigenDA. The result is a blockchain with low fees, high throughput, and security tied back to Ethereum. This design is meant to make it attractive for developers who want reliable infrastructure without reinventing their stack, and for enterprises that need auditability for regulated use cases.

Competition among AI infrastructure tokens is fierce, and commercial adoption remains unproven at scale. Open Token’s Price volatility is almost certain around the Binance Launch, as is the case with any new listing. The challenge will be in converting early testnet momentum into long-term utility.

That said, the grassroots strategy has shown traction. OpenLedger has attracted participation through community rewards, node programs, and a referral system where contributors can earn additional points from their networks. These approaches matter because they distribute network ownership broadly while incentivizing growth from the ground up.

Roadmap Toward Mainnet and Future Features

The roadmap includes a mainnet launch in September. It will have governance functionality and even decentralized funding for models through Initial AI Offerings. In short, the Open Token represents an attempt to create a foundation for AI development where data contributors and developers share in the value they help generate. The Binance Launch is the first big test of whether that vision can gain momentum in a crowded and competitive field.