Game theoretical incentives for raising financial and operational integrity and aligning external validation behavior.
Validators
Validators may operate one or more Pacioli Nodes or delegate to Pacioli Node operators. Validators are required to stake a balance of AUDT in order to act as a validator on the Auditchain Protocol.
Process Control Creators
Process Control creators must stake a balance of AUDT to act as a control creator on the Auditchain Protocol. Holders of AUDT may delegate to control creators and earn passive income each time controls are used.
Reporting Entities
Reporting entities must stake a balance of AUDT to gain access to the Luca Suite. See the diagrams and subtext below for a summary of the Auditchain Protocol architecture.
Auditchain Protocol Infrastructure
Auditchain Infrastructure - Learn More
The diagram below illustrates the infrastructure of the Auditchain Protocol. The actors on the left are validators. Validators own and delegate AUDT to Pacioli Node operators on the right. They earn rewards for "backing" Pacioli Node operators. Validators may also run Pacioli Nodes.
Pacioli Node operators operate instances of the Pacioli Logic Engine on the Auditchain Protocol and validate Process Controls, financial reports and financial report models to detect inconsistencies. They also earn rewards for each validation and share the rewards with validators who delegate AUDT. See Pacioli Logic and Rules Engine.
Validators
The Role of a Validator - Learn More
A validator is an actor on the Auditchain Protocol who delegates AUDT to Pacioli Node operators. A validator may also act as a Pacioli Node operator and delegate to themself. A validator can be anyone who holds AUDT in their wallet. Validators play a critical role in the incentive system for supporting and expanding the Auditchain Protocol infrastructure which is supported by Pacioli Node operators.
Pacioli Node Operators
The Role of a Pacioli Node Operator - Learn More
A Pacioli Node operator is an actor on the Auditchain Protocol who installs the Pacioli Logic Engine and the Pacioli Agent on their own server. Pacioli Node operators make their instance of the Pacioli Logic Engine available on the Auditchain Protocol to detect and fulfill requests for validation. When a validation request is detected, the Pacioli Nodes "race" to compete with other Pacioli Node operators on the Auditchain Protocol to fulfil the validation request.
Beta Launch - Early Enrollment - NOW CLOSED
This summary describes an overview of the functional objectives of the Pacioli Node staking contracts for validator early enrollment. This version is in Beta. Use at your own risk.
You must have a Metamask wallet and be connected to Polygon mainnet.
Delegating AUDT as a validator in this contract means that you are staking AUDT in an early enrollment period. It is reserved for those who wish to be among the first to become Pacioli Node operators or back other accountants and non-accountants who will run the Pacioli Logic Engine and node.js Pacioli Agent as a Pacioli Node operators on the Auditchain Protocol.
The early enrollment period began on Monday 7 March, 2022 and it will end on 8 June, 2022 when the Pacioli Node infrastructure is deployed to Polygon mainnet. See Terms and Conditions.
The enrollment period began at 16:00 UTC on Monday 7 March, 2022 and will end at 05:00 UTC on 8 June, 2022.
Rewards for early enrollment will be captured upon deployment of the Pacioli Node infrastructure on 8 June, 2022 or earlier.
When the enrollment period ends you will be required to migrate your stake to the newly deployed Pacioli Node staking contract referred to as MembersHelper.sol
You may examine the MembersHelper.sol contract here.
After migrating your stake to MembersHelper.sol you may redeem your rewards.
WARNING: If you redeem your AUDT during the early enrollment period, you will only be able to redeem the entire amount. You will also forfeit the rewards on the AUDT you redeem. Each address can only stake once during the enrollment period and you may only redeem the entire stake prior the expiration of the early enrollment period.
