What is PlatON Network?

PlatON is the first privacy-preserving AI network. By combining blockchain and privacy-preserving computation technologies, PlatON is building a decentralized and collaborative AI network and global brain to drive the democratization of AI. To learn more, please see their whitepaper.

What are validating and delegating?

The generation and validation of new blocks on PlatON is done by a validator. In order for the PlatON network to work seamlessly, validators need the technical ability to provide a secure, always-on infrastructure.

Not everyone can do this. Some token holders participate indirectly by entrusting the tokens they own to the validator. The Validators is providing a service to the delegator. They usually charge a fee to cover their operating costs.

Why should you delegate?

By delegating LAT, you help secure the network. You get a part of the reward provided by the protocol. If you are planning to hold on to your LAT for a period of time, delegating will help you accumulate more LAT while contributing to the health of the network, otherwise over time your LAT will depreciate in value due to inflation.

Is there any risk in delegating LAT to the validator?

The LAT delegated to the validator is transferred to PlatON's built-in Staking contract for locking. Instead of transferring its own LAT to the validator, the delegator has ownership of the delegated LAT from start to finish.

Therefore, the correct delegation is not risky.

What are the risks of delegating on PlatON Network?

In PlatON Network, only the validator's self-stakes are at risk of slashing. The validator is punished by the protocol for missing too many blocks or for double-signing a block. The delegator does not bear the punishment

What is the calculation for each type of reward?

Validators are rewarded for becoming active validators and producing blocks. Rewards include staking rewards and block rewards, and are distributed to the delegator according to the delegated reward ratio.

Take the PlatON MainNetwork as an example:

Assume that the delegated reward ratio of the validator V is 10%. In a certain period of time, a total of n blocks are produced, the total block reward of 1,000 LAT,  total transaction fee is 100 LAT, and staking reward is 2000 LAT.

Therefore, 3000 LAT (block reward + staking reward) is involved in reward distribution.

Validator V total reward: 1000 \* 90% + 2000 \* 90% + 100 = 2800 LAT

Delegators total reward: 1000 \* 10% + 2000 \* 10% = 300 LAT

Each delegator obtains reward according to the ratio of its effective delegations to the total effective delegations of the validator V.

What does Terminet get out of this?

We set a 90% reward distribution ratio for the delegator. For example, if a validator receives 100 LATs as a reward, Terminet will receive 10 LATs and the delegator will receive 90 LATs.

How are rewards disbursed?

You need to withdraw their rewards from the protocol and then decide to delegate if you wish to compound rewards.

Note that you need to lock in a full Epoch(10750 Blocks) to earn your delegation rewards.

Terminet is never in control of the rewards.

Can you undelegate anytime?

You can get your LAT immediately when your undelegate transaction finished.

What are digital wallets that support PlatON Network？

ATON App, ATON is a secure and user-friendly mobile wallet for PlatON Network and Alaya Network. The ATON Mobile Wallet allows you to easily transfer LAT tokens to others, view your transaction history and account balance. At the same time, it provides convenient delegation service for you.