[darren_]

So this appears to be a distributed network of random people's devices, and the 'blockchain' aspect is entirely unrelated to the actually useful parts of how the tech works. It's just how people are paid for contributing their devices to the network?

Am I missing anything? Are the non-blockchain parts of this actually interesting?

[exdsq]

You've pretty much described what a blockchain is aside from the massive crypto bubble. The tokens are fees people pay for a computation and rewarded to those devices contributing to the network to offset electrical and physical costs.