Deposits
TIG token holders can lock their TIG tokens to create Deposits. Deposits in The Innovation Game are defined as the remaining amount of locked TIG Tokens. Any deposit remains locked until an unlock is initiated. An unlock has a pending period of 4 weeks before it can be withdrawn.
For step by step instructions to make deposits, see Making Deposits.
Purpose of Deposits
Deposits serve multiple purposes in the TIG ecosystem:
- Economic Security and Commitment Signaling: The 4-week token lock period ensures economic stability and demonstrates long-term commitment to the ecosystem
- Network Influence: The amount of deposits affects voting power and influence within the network
- Skin in the Game: By requiring Benchmarkers to have economic stake through deposits, this serves as a defense mechanism against malicious behavior and protects against token devaluation
Deposits are incentivised through participation in the reward distribution mechanism.
Self and Delegated Deposits
As a TIG holder, you can choose to make a Deposit to:
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Delegate your TIG to a Benchmarker, allowing you to earn delegator rewards based on the amount delegated and the portion of rewards which the Benchmarker has designated for delegators. Benchmarkers are incentivised to designate some of their rewards to delegators as this affects their influence. When you delegate your deposit to a Benchmarker, you maintain ownership and voting rights associated to your tokens. Your rewards depend on their performance and reward-sharing configuration.
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Have a self-deposit to run a Benchmarker node and participate in the network as a Benchmarker. Benchmarkers are incentivised to self-deposit a certain amount to increase their influence. Self-deposits are primarily useful for Benchmarkers wanting to increase their influence or token holders preferring direct control.