Mind Chain Credit system
Credit System Documentation
The MindChain Credit System enables users to acquire credits to launch and interact with AI agents within the MindChain Network ecosystem. Credits are essential for deploying agents and utilizing their capabilities. This document explains how the credit system works, how credits are priced, and how to manage your credit balance.
How the Credit System Works
Purchase Credits
Credits are required to deploy and interact with AI agents on the MindChain Network. Each credit is priced at $5 USD equivalent in SOL tokens, and the conversion rate between USD and SOL is dynamically calculated using real-time market prices.
Token Cost:
One credit = $5 USD equivalent in SOL tokens.
The exact number of SOL tokens you need to purchase credits will depend on the current exchange rate between SOL and USD, which is updated continuously to reflect the market price.
Deploy Agents
When you deploy an AI agent, you will need to spend credits from your available balance. The number of credits required to deploy an agent depends on the agent's configuration, including factors like:
Agent Personality: More complex personalities may require more credits.
Agent Type: Different types of agents, such as basic or advanced, may have varying credit costs.
Additional Features: Features like multi-platform integration, advanced analytics, and real-time interactions may increase the deployment cost.
Example:
Basic Agent deployment might cost 10 credits.
Advanced Agent with enhanced features might cost 50 credits.
Live Rate Updates
The exchange rate between SOL and USD is continuously monitored and updated to ensure that credit prices remain accurate. This means that as the price of SOL changes in the market, the price of credits will adjust accordingly.
SOL/USD Exchange Rate: The rate is updated in real-time based on market fluctuations.
Credit Cost Adjustment: The cost of credits will adjust dynamically to reflect changes in the market, ensuring fair and accurate pricing.
Managing Your Credit Balance
Your credit balance allows you to deploy agents and interact with them. You can purchase additional credits anytime to replenish your balance.
Credit Purchases
To purchase credits:
Determine the number of credits you need.
Convert your SOL tokens to the equivalent USD value.
Make a payment using SOL to the designated wallet address.
Credits will be added to your account, and you will be able to use them for agent deployment and interactions.
Example:
If you want to purchase 100 credits, you will need $500 USD worth of SOL tokens. The number of SOL required will depend on the current exchange rate between SOL and USD.
Check Your Credit Balance
You can view your current credit balance through the MindChain Network dashboard, which provides real-time updates of your available credits. This helps you keep track of your usage and ensures that you have enough credits to deploy agents and perform tasks.
Benefits of Credits in the MindChain Ecosystem
Deploy Agents: Use your credits to deploy new AI agents on the MindChain Network.
Interact with Agents: Engage with deployed agents for real-time insights, decision-making, and analysis.
Flexibility: Credits provide you with the flexibility to deploy agents based on your needs, without having to worry about complex transaction fees.
Fair Pricing: With dynamic exchange rates, the cost of credits is always aligned with the current market value of SOL.
Conclusion
The MindChain Credit System is designed to provide flexibility and simplicity in launching and interacting with AI agents. With real-time SOL to USD exchange rates and transparent credit pricing, users can easily manage their credit balance and deploy agents as needed.
For more details on purchasing credits, managing your balance, and deploying agents, please refer to the MindChain Network dashboard or contact support.
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