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Datai Network Developer Docs
Version 0.0.1 (Testnet)

DATAI Token Functionality

The DATAI Token is the native utility token of the Datai Network and plays a central role in the ecosystem:

  • Medium of Exchange: Used by consumers to pay for data services provided by indexers and gateways.
  • Staking Mechanism:
    • For Nodes: Indexers and gateways stake DATAI tokens to participate in the network, ensuring commitment and reliability.
    • For Projections: Developers stake tokens when submitting projections, aligning incentives and deterring malicious behavior.
    • For Disputes: Tokens are staked during disputes to enforce honesty and fairness, with penalties applied for malicious actions.
  • Reward Distribution: Tokens are distributed as rewards to participants based on their contributions, performance, and roles within the network.
  • Governance (Potential Future Functionality): Token holders may have voting rights on network upgrades, parameter changes, and governance decisions.