Commitment
On the Datai Network, participants are held responsible to their commitments to ensure the integrity of the data. A commitment is a financially secured promise to deliver a projection by a certain date. When you commit to a projection, you are expected to deliver it by the agreed-upon date. If you fail to deliver the projection by the agreed-upon date, your stake will be moved as a grant towards the next developer who is willing to commit, and deliver a given projection.
What is a Commitment?
A Commitment is a stake of DATAI tokens using Projection Registry contract.
Each commitment lasts 5 epochs (5 * 24 hours)
.
Currently the commitment amount is set to 100 DATAI
tokens. Staking amounts may change over time based on market and network conditions.
How to Commit?
- Visit the Datai Network Console (coming soon)
- Use the explorer to find projections that are not yet developed.
- Open the projection details and click on the “Commit” button.
- Review the commitment details and proceed with the stake & commitment.
- Confirm the transaction in your wallet and wait for the network confirmation.
- Once the commitment is confirmed you can be sure that no other participant can deploy the same projection before you.
- When you’re ready, begin the implementation.