FAQ
Frequently Asked Questions
Find answers to common inquiries and streamline your experience with ease. In case you can't find your answers here, you can always visit documentation repository or join our community to discuss your doubts.

What is BalanceAI Network?
BalanceAI is a decentralized Substrate based Network that seamlessly combines the power of open-source with a robust protocol designed to harmonize the capabilities of Blockchain, AI, and Web3 / Connectors technologies, to create a dynamic marketplace for AI Models / Agents.
How does BalanceAI utilize Blockchain, AI, and Web3 technologies?

The project's motto, "Build & Connect with Infinity," reflects its design philosophy of integrating components to allow the provision and connection of data based on cloud computing, machine learning, open AI repositories, APIs, blockchains, and more. This design emphasizes openness to interconnectivity, keeping participants at the forefront of the sector's advancements.


Blockchain

BalanceAI ensures transparency, security, and trust in the marketplace through blockchain technology. Decentralized ledgers and cryptographic protocols facilitate on-chain micropayments, transactions, and future governance, enhancing security and accountability.
The core network operates on a Proof of Stake (PoS) chain with the utility token $BAI, composed of two types of nodes:

Validators: Validate blocks, provide staking services, and uphold blockchain security by monitoring the network for suspicious activities like double-spending.

AI Nodes: Run AI models, host agents, and ensure connectivity.

BalanceAI Validators operate as an alliance, focusing on maintaining the chain's functionality and security.


AI

BalanceAI harnesses the power of AI and machine learning through models and agents provided by marketplace participants. Under the concept of "Connect with Infinity," BalanceAI will be capable of accepting all types of pre-trained language repositories and allows users to integrate their own models and agents using APIs and other connectors. Providers can share proprietary models or restructure open-source repositories to present their AI solutions. BalanceAI is not just a marketplace filled with countless unusable agents. It features a key figure: the curators.

These curators ensure that only top-tier agents and models of real value are available, providing high-quality and useful content for the community. This approach covers a wide range of tasks and applications, including natural language processing, computer vision, sentiment analysis, and more.


Web3

By integrating with Web3 connectors, BalanceAI ensures seamless interaction and collaboration within its ecosystem. Facilitating interoperability between decentralized applications (dApps), blockchain networks, and external data sources, Web3 connectors enhance the overall user experience within the BalanceAI marketplace.

What is the goal of BalanceAI Network?

The primary goal of BalanceAI Network is to establish a genuine decentralized marketplace for AI models and agents, showcasing curated top-tier content. This empowers users to discover, share, and utilize pre-trained top-tier models across various applications, thereby fostering collaboration and innovation within the AI community.

BalanceAI achieves this objective by harmonizing blockchain technology, AI, and Web3 connectors to enhance connectivity between developers and enterprises, thereby stimulating business growth. Within this decentralized marketplace, users have the opportunity to monetize their skills, while enterprises can leverage their capabilities, creating a dynamic environment for continuous advancement and mutual benefit.

What role does the BalanceAI Token (BAI) play?

BAI serves as the utility token within the BalanceAI ecosystem, utilized for staking, incentivizing participants, conducting transactions. In the future, it will also serve as a key for governance.



Explore Utility / Usecase

How to create a BalanceAI Wallet?
You will interact with BalanceAI native address when using the Matketplace dApp or WASM dApps or our dashboard.

Explore create a wallet

Why is it important to understand the BalanceAI Network family before starting development?
Understanding the BalanceAI Network family helps you choose the appropriate network based on your development needs, ensuring compatibility and optimal performance.

Explore Networks
What networks are available in the BalanceAI Network family?
There are several networks, including the Local network, AlphaBalance, BetaBalance, and the BalanceAI Mainnet.

Explore Networks
What is the Local Node network?
The Local Node network runs exclusively within your development environment and allows you to test your applications locally.

How can I set up a Local Node?
You can clone the BalanceAI repository and run the provided local node or download and run the precompiled binary. Detailed instructions are available in the Build section.
What is AlphaBalance?
AlphaBalance is a testnet with chain specifications nearly identical to BalanceAI, used for testing and debugging dApps before deploying on the mainnet. It is also used for experimental features.

How can I obtain test tokens on AlphaBalance?
The native token symbol for AlphaBalance is AB-BAI.
Test tokens can be obtained from the faucet on the BalanceAI Dashboard. If the faucet is empty, contact the BalanceAI team on Telegram.

What is BetaBalance?
BetaBalance is a testnet with an environment identical to the BalanceAI Mainnet, providing an ideal setting for final testing and debugging of dApps.

How can I obtain test tokens on BetaBalance?
The native token symbol for AlphaBalance is BB-BAI.
Test tokens can be obtained from the faucet on the BalanceAI Dashboard. If the faucet is empty, contact the BalanceAI team on Telegram.

What is the BalanceAI Mainnet?
The BalanceAI Mainnet is the live network where production dApps are deployed and used by end-users.

The RPC URL for the BalanceAI Mainnet is rpc.balanceai.network.
The native token symbol for the BalanceAI Mainnet is BAI.
What is staking in blockchain networks?
Staking is the process of locking tokens on a blockchain to participate in the network's consensus mechanism, helping to secure the network and earning rewards in return.
How does staking improve network security in PoS?
In PoS, the security of the network depends on the amount of capital staked. The more tokens locked, the higher the security, as an attacker would need to control a significant portion of the staked tokens, risking heavy financial loss.
BalanceAI Staking Mechanism
NPoS is a staking mechanism used by BalanceAI that allows token holders to nominate validators. It is designed to enhance network security and decentralization by encouraging widespread participation.

Learn more about BalanceAI Staking
How can I become a nominator on BalanceAI?
To become a nominator, you need to lock your tokens on the blockchain and select a set of validators. This process involves bonding your tokens and nominating validators.
What is the minimum amount required to start nominating?
The minimum nomination intent is 10 BAI. However, the actual amount needed to receive staking rewards may be higher, depending on the dynamic value of the minimum active nomination.
What are bonded tokens?
Bonded tokens are the tokens you have locked (or staked) on the blockchain as part of the staking process. These tokens are used to back validators and participate in securing the network.
How are staking rewards distributed?
Validators who produce blocks are rewarded with tokens and can share these rewards with their nominators. Rewards are distributed equally among validators, promoting decentralization and avoiding power concentration.
Can staking rewards vary?
Yes, while rewards are generally equal, they can vary due to the probabilistic nature of reward calculations and the number of era points earned by validators for performing various tasks.
Why is it important for validators and nominators to have "skin in the game"?
Having "skin in the game" ensures that participants are economically motivated to act in the network's best interest. Misbehavior leads to financial loss, while good behavior is rewarded, maintaining network security and stability.
What are the responsibilities of a nominator?
Nominators select and monitor validators, check commission rates, and ensure the general health of their nominated validators' accounts. Although less hands-on than validators, nominators play a crucial role in the network.
What are the responsibilities of a validator?
Validators run nodes, manage session keys, produce block candidates, and participate in consensus protocols. They have more technical and operational responsibilities compared to nominators.