Guilds
Last updated
Last updated
Guilds provider stakers the opportunity to delegate and secure contributions/verifications using their FRAC tokens. Contributors and verifier use the FRAC tokens from the guilds to stake and augment the datasets. Part of the rewards earned are passed on to the stakers. If the stake gets slashed in the augmentation process, the loss is passed onto the stakers while the contributor/verifier loses reputation points.
It is the responsibility of the guild to manage risks by assigning optimal budget of FRAC tokens to contributors and verifiers based on their reputation and past records. There can be multiple guilds based on their own allocation strategies, initially there'll be only one managed by Fraction AI's proprietary allocation algorithm.