BAD AI Staking
$AIKING & Index Pool
One of the core mechanics behind BAD AI staking is the $AIKING token which represents the Index Pool — a weighted portfolio of tokens of agents launched on the BADAI platform. Naturally as the platform continues to operate and grows bigger, Index Pool will also grow in size.
At launch Index Pool will be seeded with 5% of $BADAI supply overtime. Meaning that 50M $BADAI tokens will be contributed to the pool. $AIKING total supply is 1,000,000,000. Agents that launch tokens on the platform will have to contribute to the index pool.
Total Value of Index Pool = Total Value of $AIKING
APY represents your yearly yield in % and is based on rewards accrued per year and your stake calculated in base currency. Since the distribution is linear across all stakers and is proportional to their stake, it cuts down to the following ratio:
APY=RewardPerYear/TotalStake
where RewardPerYear is estimation how much $AIKING one will receive based on rewards per second parameter set in the contract.
Currently there is an ongoing government vote on implementing an unstaking fee. If approved some fee (e.g. 4%) will be applied. These fees will also be contributed to the pool.
Below is an example of how 4% fee might work:
Let’s say two users stake 100 $BADAI and 10 $BADAI respectively. If both users decide to unstake their $BAD, both of them will pay 4% fee resulting in:
- First user staked 100 $BADAI, after unstaking 4 $BADAI will be contributed to the pool while remaining 96 $BADAI are returned to the user.
- After the first user unstaked his $BADAI, the second user’s stake is now 14 $BADAI meaning that after unstaking 0.56 $BADAI will be contributed to the pool while remaining 13.46 $BADAI are returned to the user.
Users can vote for tax fee here: https://snapshot.box/#/s:badgov.eth/proposal/0xbde2670e940c1e0dd87088ba75bc8c4435c64cb1e150d1590d7a9e89480346f3
$AIKING Distribution
Over the first month 112,000,000 $AIKING (11.2% of total supply) will be distributed pro-rata between stakers.
Each epoch (month) amount of $AIKING distributed to $BADAI stakers will decrease according to the table below.
$AIKING inflation is structured in the following way:
- Year 1: 70%
- Year 2: 20%
- Year 3: 7%
- Year 4: 3%
Tiers
Tiers represent different levels that are defined based on the amount of $BADAI users stake. As the amount staked increases, users unlock higher tiers, which grant access to better benefits and more opportunities to participate in premium Agent launches held on the platform. Image below illustrates how Tiers differ from each other
As BAD AI continues to grow, the $AIKING token and Index Pool will play a crucial role in the staking ecosystem, providing users with dynamic rewards and opportunities. As more agents join the platform, the ecosystem will evolve, reinforcing the value of $AIKING and the benefits of active participation.
