Operating Process and Participation Guide
The zkTAO blockchain project introduces an innovative ecosystem that leverages AI Validators for enhanced data processing, offering benefits like increased speed and accuracy, fuel savings, and reduced hardware depreciation. Central to this ecosystem is the unique opportunity for users to own AI Validator IDs, represented as Non-Fungible Tokens (NFTs), enabling them to participate directly in the network's validation process and share in the profits. Here’s a detailed guide on how users can engage with the zkTAO ecosystem and secure their own AI Validator ID.
TL; NR
Purchase $ZAO Tokens: Use a cryptocurrency exchange to buy $ZAO tokens. Ensure you have enough to meet the staking requirements for the number of AI Validator IDs you wish to mint.
Stake Your Tokens: Follow the zkTAO platform’s instructions to stake your $ZAO tokens.
Mint AI Validator ID: Access the minting section on the zkTAO platform once your tokens are staked. Select the number of IDs you're eligible for and complete the minting process by paying the required ETH for gas fees.
Join the Referral Program: Share your referral code or link with friends or associates interested in joining the zkTAO ecosystem. Benefits accrue when your referrals successfully mint their AI Validator IDs.
Step 1: Acquire and Stake $ZAO Tokens
Token Purchase: Begin by purchasing $ZAO tokens, the native cryptocurrency of the zkTAO ecosystem. These tokens are available on supported cryptocurrency exchanges.
Staking Requirement: To qualify for an AI Validator ID, users must stake a minimum of 210,000 $ZAO tokens into the system. Staking is the process of locking up tokens in a wallet to support the network's operations, which, in this case, grants the right to mint an AI Validator ID.
Step 2: Mint Your AI Validator ID
NFT Minting Rights: Once the required $ZAO tokens are staked, users are eligible to mint an AI Validator ID NFT. This digital asset signifies ownership and the right to participate in the network’s validation process.
Multiple NFTs: The number of AI Validator IDs a user can mint is directly proportional to the amount of $ZAO staked, with each 210,000 $ZAO allowing for 01 NFT. For instance, staking 420,000 $ZAO grants the right to mint 02 AI Validator IDs.
Step 3: Understand AI Validator ID Pricing
Initial Pricing: The price for minting an AI Validator ID starts at 0.1 ETH for the first 21 IDs.
Price Increment: For every subsequent batch of 21 IDs, the minting price increases by 0.1 ETH. For example, IDs 22 through 42 are priced at 0.2 ETH each, IDs 43 through 63 at 0.3 ETH, and so on.
Step 4: Participate in the Referral Program
Referral Bonuses: zkTAO encourages growth through a referral program where existing users (F0) can introduce new users (F1) to the ecosystem. When F1 successfully mints an AI Validator ID, F0 receives a bonus equivalent to 5% of the minting cost.
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