HAI staking

Upon the completion of the closed beta stage of our platform and after the token generation event, we are planning to initiate the token staking program. This program will allow stakers to lock up their HAI tokens in exchange for xHAI over a range of lockup periods.

This staking pool helps us solve the reputation problem in RLHF development as taking inspiration from proof of stake consensus design we can ensure honest participation from contributors. We believe that this system will promote active and valuable participation in our platform, driving the success of the network.

The mechanism behind this is that the longer the lockup period chosen by the staker, the larger the amount of xHAI they will receive for each user. This method is designed to incentivize long-term commitment and contribution to our platform. xHAI is intended to represent a user's stake in the success of the network. Therefore, it serves as a measure of the value they contribute to the network.

In phase 3 of the product roadmap, we will be collecting recurring revenue from partner projects in ETH or converting it into stablecoins which will be distributed to staked users based on their share of the xHAI token in circulation.

More details around HAI staking and xHAI will be shared with V2 launch