OpenLedger (OPEN) is an AI-native blockchain designed to make artificial intelligence transparent and fair. While most AI today runs in closed systems where data, models, and contributors are hidden, OpenLedger changes that by making data, models, and AI agents transparent, traceable, and rewardable in real time. Its goal is to build an open and verifiable AI economy where contributors are recognized and paid fairly for their impact.
In this guide, you’ll learn what OpenLedger (OPEN) is and how its Proof of Attribution makes AI transparent and rewardable. You’ll also see who qualifies for the OPEN token airdrop, the eligibility criteria, and how to claim and trade your $OPEN tokens on BingX with details from OpenLedger.
What Is OpenLedger (OPEN) and How Does It Work?
OpenLedger is a blockchain built specifically for artificial intelligence (AI). Its goal is simple: make every action in the AI lifecycle, like contributing data, training models, or generating outputs, transparent, traceable, and fairly rewarded. Backed by $8M in seed funding from Polychain and Borderless, with high-profile angels like Sreeram Kannan of EigenLabs, ex-Coinbase CTO Balaji Srinivasan, and Polygon co-founder Sandeep Nailwal, the project has strong early momentum.
In traditional AI systems, you rarely know whose data shaped a model or who should be paid. OpenLedger fixes this with its Proof of Attribution (PoA) system, which records exactly who contributed what and distributes rewards automatically on-chain. Its PoA whitepaper outlines how contributions are measured at both small-model and LLM scales, enabling explainable and monetizable AI pipelines.
From a technical perspective, OpenLedger is built as an OP Stack rollup, with AltLayer providing Rollup-as-a-Service. This setup uses the same bridging system as Optimism, such as OptimismPortal, Standard Bridges, CrossDomainMessenger, meaning deposits and withdrawals are familiar and secure for anyone who’s used OP-based L2s. The native OPEN token powers the network and is used for paying transaction fees and is minted on L2 when bridged from L1 and burned when withdrawn.
This combination of AI-focused design, robust infrastructure, and notable investors makes OpenLedger one of the most promising projects at the intersection of blockchain and AI.
OPEN Token Utility and Tokenomics
The OPEN token is the backbone of the OpenLedger ecosystem. It powers everything from paying transaction fees to distributing rewards, while also giving holders a say in how the protocol evolves. Whether you’re a contributor, developer, or trader, understanding how OPEN works is key to getting the most out of the platform.
• Gas & Fees: OPEN is the native token used to pay for all transactions and smart contract executions on OpenLedger’s L2 network.
• Governance: Token holders can participate in governance through a modular Governor framework, voting on protocol upgrades, reward policies, or new incentive mechanisms.
• Attribution-Based Rewards: Data contributors, model builders, and AI agents automatically receive OPEN whenever their work influences model training or inference, thanks to the Proof of Attribution system.
• Payments & Settlements: OPEN functions as the primary currency for AI dApps, agents, and marketplaces within the ecosystem, enabling smooth value exchange between participants.
How to Claim the OpenLedger (OPEN) Airdrop
The OpenLedger airdrop is the first distribution of the OPEN token, which powers gas fees, model deployment, and contributor rewards through Proof of Attribution. This airdrop is designed to reward the earliest community members, including those who supported testnet campaigns, engaged in social programs, and attended OpenLedger events.
Eligibility Criteria for the $OPEN Airdrop
You may qualify for the OPEN airdrop if you fall into one or more of the following categories:
• Pre-registered Testnet Contributors: Registered during the pre-airdrop phase and participated in both Epoch 1 and Epoch 2.
• Must have earned ≥10,000 points in Epoch 1 and ≥500 points in Epoch 2 (e.g., by running nodes for at least one week).
• Note: Node farming or suspicious activity does not count.
• Cookie DAO Snapshot Users: Addresses captured during the Cookie DAO snapshot on X as active community members.
• IRL Event Participants: Verified attendees at OpenLedger workshops, meetups, or conferences.
• Social & Community Contributors: Those who actively engaged in official community campaigns.
Important: Meeting eligibility criteria does not guarantee tokens. Final allocation depends on verified activity and campaign rules.
How to Claim Your OPEN Tokens After the Airdrop
1. Go to the Official Claim Page: Visit OpenLedger’s official portal. Do not use unofficial links; phishing scams are common.
2. Log In and Connect: Sign in using your registered Web3 Auth or Google account used during testnet participation. Connect your wallet to the eligibility checker.
3. Check Eligibility: Review your connected accounts and click “Check Eligibility.” You’ll see your OPEN allocation if eligible.
4. Claim Tokens: Once the Token Generation Event (TGE) begins, claim your tokens using the same verified wallet. Ensure you have enough ETH for gas fees; claims are only processed on Ethereum.
• If you opt for “Claim Only”, you’ll receive your tokens directly.
• If you choose “Claim & Stake,” OpenLedger will cover your gas fees, and you’ll earn a boosted APY on staked tokens.
5. View Tokens: After claiming, click your wallet address → “My Wallet” → “Show All Tokens” to confirm your OPEN balance.
OPEN Token Allocation
OPEN token distribution | Source: OpenLedger Foundation docs
With a total supply capped at 1,000,000,000 OPEN and an initial circulating supply of 21.55%, distribution is structured to balance early growth, community adoption, and ecosystem development.
• Community – 51.7%: The majority of tokens are reserved for contributors, model builders, validators, and users. This allocation powers Proof of Attribution rewards, incentivizes data sharing, and ensures that community members remain central to network growth.
• Investors – 18.3%: Allocated to seed and strategic backers who supported early development, typically subject to lock-ups and vesting schedules.
• Team – 15%: Dedicated to the founding team and core developers, ensuring long-term alignment through multi-year vesting.
• Ecosystem – 10%: Set aside for partnerships, integrations, and future initiatives that expand OpenLedger’s reach across the AI and blockchain sectors.
• Liquidity – 5%: Reserved for exchange liquidity, market making, and ensuring smooth trading experiences for users worldwide.
How to Trade OPEN on BingX
If you want to get exposure to OpenLedger’s native token, you can do so directly on BingX. The exchange confirmed the OPEN/USDT spot pair with deposits opening on September 8, 2025, followed by live trading on the same day. Always check the official BingX announcement for your region and timezone before placing trades.
1. Create & Verify Your BingX Account: Sign up on BingX and complete KYC verification for full access.
2. Deposit USDT: Add funds via card, bank transfer, or by sending crypto from another wallet/exchange, then move it to your Spot account.
3. Search OPEN/USDT: Go to the Spot market and enter “OPEN/USDT” in the search bar.
4. Choose Order Type:
• Market Order → Buy instantly at the current price (best for beginners).
• Limit Order → Set your own price; the trade executes when the market hits it.
5. Enter Amount & Confirm: Select how much you want to buy or sell, then place your order.
6. Use BingX AI Tools: Summarize OPEN news, set up a dollar-cost averaging (DCA) plan, or track volatility with BingX’s built-in AI assistant.
Learn more about how to buy OpenLedger tokens on BingX in our comprehensive guide.
Final Thoughts
OpenLedger positions itself as more than just another blockchain and as a framework for making AI transparent, verifiable, and economically fair. By combining Datanets for community-driven data, ModelFactory for no-code fine-tuning, and OpenLoRA for cost-efficient deployment, the platform creates an end-to-end pipeline where every contribution can be traced and rewarded. For users, this means AI becomes not only more explainable but also more accessible. For contributors and builders, it provides practical tools to monetize data and models in real time.
That said, it’s important to remember that like all emerging technologies, OpenLedger carries risks. Smart contract vulnerabilities, token volatility, and the rapidly developing regulatory landscape can impact adoption and returns. If you choose to trade OPEN tokens on BingX, start small, verify official channels, and only invest what you can afford to lose.