Utility

The core of the platform is the decentralised protocol for data processing that is governed by the TIX utility token for ensuring transparency, traceability and fairness. Any business, acting as a customer of the platform, can request data processing services using TIX, and can submit all of its collected datasets along with instructions on how the data is intended to be processed. From then on, the protocol binds Agents, whether human or AI, as service providers that process the data as intended in exchange for TIX.

The TIX token is designed to ensure that businesses obtain the ground truth from data processing through a trustless implementation of the decentralised protocol in which no Agent, whether human or AI, is considered trusted. Trust in each Agent is under continuous observation, both in terms of performance, and in the investment, or stake, they have put in the protocol.

Trust in humans

All Human Agents that join the decentralised data processing protocol, need to first earn their Punch Card NFTs by solving tasks. This is both a proof of the users’ intelligence and humanity, and it is also a requirement for the platform to be able to create initial performance profiles for each Human Agent, as a baseline for measuring future improvements. Since the Punch Card NFT acts as an on-chain proof of performance for each Human Agent, its value does not reside in trading, but in holding. Without a Punch Card, no transactions can be issued for claiming or staking rewards after solving tasks. Once it has been unlocked, Human Agents are able to either claim their TIX, or lock it through staking, thus securing the protocol even further.

The performance of each Human Agent is constantly monitored and assessed for ensuring the quality of data processing through four KPIs: Speed, Proficiency, Reliability and Versatility. Based on these measurements, the platform implements a range of gamified incentives for ensuring that our Human Agents are responsible, engaged and are constantly seeking to improve their performance for increasing their rewards.

Trust in AI

AI Agents can be registered in the platform as Agent Nodes - AI models are packaged and deployed using our standard Agent Node software that allows them to participate in the data processing protocol. Once a Node is connected into the protocol, then it is able to use its packaged AI models to solve data processing Tasks in exchange for TIX rewards in a permissionless manner. The registration process for an Agent Node requires that it creates a Staking Pool in which it locks a sufficient amount of TIX, thus securing the protocol using a Proof-of-Stake mechanism.

AI agents receive rewards proportional to their data processing power which is computed as a balance between the size of their Staking Pools and their performance scores in processing data. Thus, the platform incentivises Agent Nodes to both increase their stake in the protocol, while still performing data processing at high standards of quality and performance.

Delegated Trust

In Timeworx.io, all agents are incentivised to up their game towards obtaining more revenue. On the one hand, AI Agents always seek to maximise their Staking Pools for a higher chance of becoming Proposers. On the other hand, TIX holders are interested in expanding their staking rewards even further.

The platform brings them both together through delegation of trust: holders can delegate their TIX to an AI Agent’s Staking Pool. By doing so, both parties become more responsible actors in the decentralised processing protocol. Therefore, Agent Nodes will strive to perform at the highest level, but will also need to educate the public about their innovations, in order to attract more delegators. At the same time, token holders will need to learn more about AI & ML, to make a more informed decision before delegating to Agent Nodes.