# Nosana > Decentralised GPU marketplace on Solana for AI inference workloads. Working mainnet, Render integration, 4M+ jobs by Nosana's count. Zero public revenue, thin liquidity, 45% insider allocation. - Scores: Freedom 5.8/10 (grade C), Returns 4.7/10 (grade D) - Category: compute · Token: NOS - Published: 2026-03-06 · Updated: 2026-10-04 - Canonical: https://ownyourmind.ai/projects/nosana/ - Data (scores + integrity verdicts, JSON): https://ownyourmind.ai/api/projects/nosana.json - Cite as: Own Your Mind (ownyourmind.ai), licence CC BY 4.0. Link the canonical URL. Charts and interactive widgets are omitted here; their data is in the JSON above. --- ## What it does Nosana is a decentralised GPU marketplace on Solana, focused specifically on AI inference workloads. GPU owners (consumers, miners, data centres) monetise idle hardware by running Nosana Nodes. Developers and AI companies submit containerised inference jobs which are matched to suitable GPUs via Solana smart contracts. Founded in Amsterdam in June 2021 by **Jesse Eisses** (MSc Artificial Intelligence, University of Amsterdam; former ML Platform Architect at Intel) and **Sjoerd Dijkstra** (Senior DevOps Engineer at Zivver, University of Amsterdam). The project originally launched as a decentralised CI/CD platform for CPU computations and pivoted to GPU-based AI inference in October 2023. Jobs are submitted via API, CLI, SDK, or web dashboard. The Nosana Grid matches supply with demand through on-chain smart contracts. The platform supports Docker containers, HuggingFace model loading, S3 resources, health checks, and confidential execution. Solana's sub-second finality enables micro-payments and rapid job allocation. Supported workloads include LLM inference (DeepSeek, TinyLlama, Ollama), Stable Diffusion image generation, LMDeploy and VLLM inference engines, Whisper speech-to-text, Jupyter notebooks, and arbitrary Docker containers. Token launched 10 January 2022 via IDO on Solanium at $0.10, followed by an IEO on Gate.io Startup. A private round raised $1.36M at $0.08 per token. Total funding: $1.74M, making this one of the most modestly funded projects in the DeAI space. Mainnet launched 14 January 2025 after a year-long closed beta. ## Value proposition Inference-specific GPU compute at up to 6x cost savings versus AWS, Azure, and GCP. That is the pitch, and it addresses a clear market gap. Most decentralised compute projects try to be everything: training, inference, rendering, general compute. Nosana narrows the focus to inference only, which is the workload that scales with AI adoption. Every chatbot query, image generation, and voice transcription is an inference job. As AI moves from research to production, inference demand grows exponentially while training remains periodic. The usage numbers are sizeable, and the marketplace settles on-chain. The Nosana Jobs program on Solana owns the marketplace accounts (confirmed via getAccountInfo), and Nosana's live API reported 4,268,360 total jobs on 24 September 2026, a lifetime count the chain can't confirm because completed job accounts are closed, with hundreds running concurrently at any moment. At our March 2026 review Nosana's network figures showed 50,000 registered GPU hosts across 60+ countries, with approximately 4,200 active nodes and 600 daily active nodes. The Render Network integration (RNP-008, approved January 2025) allows Render nodes to execute Nosana jobs, expanding supply access. 14 named partnerships including PiKNiK (enterprise Nvidia A5000 infrastructure), Matrix One (AI avatars), Sogni.AI (Stable Diffusion), and Theoriq (AI agents). The Solana Foundation backing adds credibility, and the team has relevant AI/ML backgrounds. Eisses's Intel ML platform experience is directly applicable. The counter-narrative is about magnitude rather than existence. The marketplace takes a per-job network fee on-chain (the rate is visible per market in Nosana's /api/markets), so protocol revenue is real and measurable in principle. What's missing is disclosure: Nosana publishes no USD figure for revenue per job, total fees, or protocol profits, and it isn't on DeFiLlama. The 6x cost savings claim implies low pricing per job, so even at over 4 million jobs the fee take could be modest. Without a disclosed figure you can't size whether Nosana has found product-market fit or is giving away compute at unsustainable prices. The 50,000 registered hosts versus 600 daily active nodes is a 98.8% idle rate. Most of that hardware is sitting unused. Whether that represents supply readiness (bullish: capacity is available when demand arrives) or ghost registrations (bearish: actual usable supply is much smaller) depends on your interpretation. If you want to run a node yourself, our [Nosana node guide](https://ownyourmind.ai/use/how-to-earn-with-nosana/) covers the setup and this demand reality in full. Liquidity is dangerously thin. Under $1M across Raydium DEX pools (GeckoTerminal, 24 September 2026). Kraken is the only tier-1 exchange listing it (NOS/USD and NOS/EUR), and trades there are small. Any significant position entry or exit will cause material slippage. This limits who can participate. For the sovereignty thesis, Nosana offers permissionless GPU hosting; anyone can contribute hardware without KYC. Jobs are matched via smart contracts rather than centralised orchestration. Confidential execution is listed as a feature, though implementation details are sparse. The Solana dependency is a single-chain risk. Against the other Solana GPU DePIN, Nosana trades size for transparency: see [Nosana vs io.net](https://ownyourmind.ai/tokenomics/nosana-vs-ionet/). ## Tokenomics NOS has a maximum supply of 100 million tokens. All original vesting schedules completed in 2025, with the supply now fully circulated. There's no ongoing dilution pressure from insiders. Distribution was heavily insider-weighted: Team (20%) + Company (25%) = 45% insider allocation. Backers received 17% with 10% TGE and 9-month linear vesting. Mining allocation was 20% over 24 months. Liquidity received 10% at TGE. Only 3% was sold in the public IDO/IEO and 5% via airdrop, just 8% initial public distribution. The private round raised $1.36M at $0.08 per NOS (17M tokens). The IDO raised $300K at $0.10 (3M tokens on Solanium). The IEO raised $80K at $0.10 (800K tokens on Gate.io Startup). Total raised: $1.74M. The token peaked at $7.83 in March 2024 and was about 95% below that ATH on 24 September 2026, though still above the $0.08 and $0.10 round prices. NOS is used for GPU compute job payments, staking (xNOS score determines fee share), governance voting via NNP proposals, and a buyback-and-burn mechanism where 20% of protocol profits are used to repurchase and permanently remove NOS from circulation. With supply fully circulated, the FDV/MCap ratio is effectively 1:1. NNP-0001 (voted November 2025) proposes shifting rewards from passive yield to usage-based emissions tied to network activity. If implemented, this could introduce inflation beyond the original 100M cap, fundamentally changing supply dynamics. Listed on Kraken (NOSUSD and NOSEUR), Gate.io, MEXC, Raydium and Jupiter. No Binance or Coinbase. See live data above for current pricing. Staking: Nosana's stats endpoint reported 14,189 stakers and about 11.5M NOS staked on 24 September 2026, and neither figure matches any population the staking program exposes on-chain. APY has been halved since May 2024 and isn't publicly disclosed. ## How to participate **Run a Nosana Node.** Contribute your GPU to the network. No KYC required. Install Nosana software, configure your hardware, start hosting inference jobs. Earn NOS from compute fees. Consumer and enterprise GPUs accepted. Technical skill: intermediate. **Stake NOS.** Stake to earn xNOS score, which determines your share of transaction fees. Higher xNOS = larger fee portion. Technical skill: basic. **Deploy AI workloads.** Submit inference jobs via API, CLI, SDK, or web dashboard. Load HuggingFace models directly. Docker container support. Technical skill: intermediate to advanced. ## Honest assessment ## Freedom Score: 58/100 Nosana has verifiable permissionless infrastructure with wide geographic distribution, but governance centralisation and audit gaps exist. **Infrastructure Decentralisation: 14/20.** 4,200+ nodes across 60+ countries with permissionless GPU hosting. 50,000 registered hosts but only ~600 daily active nodes. Consumer and enterprise GPUs accepted. PiKNiK provides enterprise Nvidia A5000 infrastructure. Solana dependency inherits its centralisation risks. Job orchestration details unclear; how much control does the team retain over routing? **Governance Decentralisation: 8/20.** NNP governance framework exists with a 7-stage lifecycle. vote.nosana.com is operational. However, only ONE proposal (NNP-0001) has ever been submitted in 4+ years. Proposals require team review before community vote, effectively team gatekeeping. No Nosana Foundation established yet. Signal votes only; the team implements outcomes. **Token Distribution Fairness: 7/15.** Team (20%) + Company (25%) = 45% insider allocation. Only 3% public sale + 5% airdrop = 8% initial public distribution. All vesting complete by 2025, which removes ongoing release pressure but doesn't change the initially concentrated distribution. **Censorship Resistance: 11/15.** Permissionless node participation; anyone with a GPU can host without KYC. Docker-based job execution provides isolation. Jobs matched via smart contracts. However, the team controls protocol upgrades and could theoretically blacklist nodes or jobs. No explicit anti-censorship guarantees. **Data Sovereignty: 9/15.** Documentation mentions confidential execution as a job configuration option. Docker containerisation provides process isolation. Distributed execution across independent hosts. However, TEE implementation details unclear. Data-in-transit protections not detailed. Privacy features appear early-stage. **Open Source Transparency: 9/15.** 26 non-fork public GitHub repos under nosana-ci (34 including forks), 19 of them with no licence file, and the newest push on 17 September 2026 at our 18 September read. MIT licence on smart contracts. 1,171 commits on nosana-programs. However, only staking contract audited (2022, by lesser-known Op Codes). README explicitly warns "most code is unaudited." ## Returns Score: 47/100 **Token Utility: 14/20.** NOS is required to pay for GPU compute jobs, structurally embedded in the marketplace. Staking via xNOS determines fee share. Governance voting via NNP proposals. Buyback-and-burn creates demand from protocol revenue. Clear utility design, and the marketplace settlement plus its per-job fee are on-chain verified (Nosana Jobs Solana program; Nosana counts over 4.2M lifetime jobs). The token has concrete use cases on a confirmed-active network; what's missing is a disclosed USD figure to size the economics. **Value Accrual: 11/20.** Buyback-and-burn mechanism: 20% of protocol profits buy and burn NOS. Transaction fees partially distributed to stakers based on xNOS score. These are good mechanisms on paper: direct protocol revenue flowing to token holders and supply reduction. However, no data exists on how much NOS has actually been burned, what protocol profits have been, or what staker yields look like in practice. Nosana reports about 14,200 stakers, a figure the staking program doesn't reconcile to. Unproven at scale. **Supply Dynamics: 14/20.** 100M max supply, fully circulated. All original vesting complete, so no insider selling pressure from cliff events. With supply fully circulated, there is no FDV/MCap discount. Burn mechanism is deflationary in theory. However, NNP-0001 proposes usage-based emissions that may introduce inflation beyond the 100M cap. If approved and implemented, this fundamentally changes the supply dynamics profile. **Revenue Sustainability: 3/25.** Still the weakest dimension, but the reason has changed. The marketplace itself settles on-chain (the Nosana Jobs Solana program, with over 4.2 million jobs by Nosana's own count) and it charges a per-job fee, so this is no longer a black box. What's absent is magnitude: Nosana discloses no USD revenue, it isn't on DeFiLlama, and the 6x cost savings claim points to low per-job pricing on only $1.74M raised against Aethir and Render. The score stays low pending a disclosed figure and is flagged for monthly re-assessment now that the activity is confirmed on-chain. **Liquidity & Access: 5/15.** Gate.io, MEXC, Raydium, Jupiter, and Kraken, which quotes both NOSUSD and NOSEUR in its own pair list. Binance and Coinbase do not list it. The Raydium CLMM pool carries the largest share of a book whose 7-day median daily turnover was about 2% of market cap on 24 September 2026, up from under 1% earlier in the month. Any significant buy or sell causes major slippage. This is dangerously thin. Position sizing must be kept small. ### Quadrant: B (High Freedom, Low Returns) Nosana sits in Quadrant B, a sovereignty play with unproven economics. Demonstrable decentralised inference infrastructure with working technology, but undisclosed revenue and thin liquidity make returns speculative. ### Key risks - **Undisclosed revenue magnitude.** A verified, active on-chain marketplace with a real per-job fee, but no disclosed USD revenue figure. Cannot size whether the economics work. - **Dangerously thin liquidity.** Under $1M in DEX pools, and Kraken the only tier-1 exchange. Any meaningful trade moves the price. - **Most code unaudited.** Only staking audited (2022, lesser-known firm). README warns "most code is unaudited." - **45% insider allocation.** Team + Company held 45% at launch. All vested, but concentrated distribution. - **98.8% hosts inactive.** 600 daily active nodes versus 50,000 registered. Most hardware sits idle. - **NNP-0001 inflation risk.** Proposal may introduce emissions beyond the 100M cap, diluting existing holders. - **Deep drawdown from ATH.** About 95% below the March 2024 peak, though still above the $0.08 private and $0.10 public round prices. - **$1.74M total funding.** Competing against Aethir ($158M), Render, and io.net with minimal resources. - **Single-chain dependency.** Solana-only creates concentration risk. Solana downtime affects Nosana. ## Score change log | Date | Score | Change | Reason | | - | - | - | - | | 2026-10-04 | Returns | Liquidity & Access 4 → 5 (Returns 46 → 47, D held) | Kraken lists NOS against USD and EUR, so a tier-1 venue exists; depth remains thin. | | 2026-09-24 | Data | N/A | Sweep: job count (4.27M, Nosana's count), stakers (14,189, unreconciled to chain), DEX depth, turnover, ATH drawdown and repo counts refreshed; stray "no Kraken" line fixed; "investors underwater" corrected, since both rounds priced below today. Scores unchanged. | | 2026-09-24 | Data | N/A | "No tier-1 CEX listings" corrected: Kraken lists NOS/USD and NOS/EUR (Kraken AssetPairs API). The thin-liquidity reading stands. Scores unchanged. | | 2026-09-23 | Data | N/A | Integrity records re-cut: 3 claims now quote Nosana's own pages verbatim and 4 are our own measurements. Scores unchanged. | | 2026-09-06 | Data | N/A | WS3b liquidity rail: the no-tier-1-CEX claim is wrong. Kraken lists NOS (NOSUSD and NOSEUR in its own AssetPairs response) and trades it in the ticker set; Binance and Coinbase remain absent. Corrected on both surfaces. Turnover 0.908%, Raydium CLMM top at 44.1%. Liquidity & Access 4/15 held. | | 2026-08-13 | Data | N/A | The old tokenomics page is gone (docs.nosana.io redirects, token page 404s). Nosana publishes the 100M total as a live stat tile but never says "fixed" or "no inflation". That framing was ours, and their own "From Yield to Growth" post says emissions expand supply. Verdict unchanged; wording noted. | | 2026-08-12 | Data | N/A | WS3 Solana on-chain reconciliation (1->4 verdicts). Supply fixed AND enforced: mint authority is null, so no more NOS can ever be minted (match). No freeze authority = accounts can't be frozen (established). Open-source confirmed (nosana-ci 34 repos, GPL-3.0 dashboard; match). Scores unchanged. | | 2026-06-10 | Data | N/A | Editorial-vs-integrity audit: marketplace_activity verdict is `match` (Nosana Jobs Solana program confirmed on-chain via getAccountInfo; live API ~3.9M jobs vs the stale 985K cited; per-job network fee visible in /api/markets). Corrected the "self-reported deployments / entirely unverifiable / black box / zero revenue visibility" framing across the verdict, tldr, pillars, pros/cons, body, quadrant, score summary and the Token Utility + Revenue Sustainability verdicts (relabelled to "undisclosed revenue"): activity and the fee mechanism are on-chain verified, only the USD revenue magnitude stays undisclosed. Score values unchanged; Revenue Sustainability (3/25) flagged for re-assessment at the monthly review now that activity is verified (does not cross a grade boundary, D). | | 2025-03-06 | Both | N/A | Initial publish. Freedom 60/100, Returns 46/100. |