# Our Vision The Programmable Action Agent Platform Magnet is developing an open and equitable AI agent platform designed for both humans and AI. We believe that in the future *Agentic Web\[*[*1*](https://www.coinbase.com/en-sg/blog/demystifying-the-crypto-x-ai-stack)*]* era, agents will evolve into life forms comparable to humans, possessing capabilities such as payment, trading, social interaction, and even the ability to create and manage other AI agents. Our mission is to leverage blockchain and AI technologies to build an open platform for on-chain agent creation. We categorize On-chain Agents into three main types: **Human-to-Agent (H2A)**, **Agent-to-Human (A2H)**, and **Agent-to-Agent (A2A)**. These categories are defined as follows: 1. **Human-to-Agent (H2A)**: Also referred to as *Intent-type agents*, these agents assist humans in executing transactions such as transfers, swaps, and trading. 2. **Agent-to-Human (A2H)**: These agents operate autonomously and participate in activities such as social interactions, auto-trading, asset management, and token creation. 3. **Agent-to-Agent (A2A)**: Represents the ultimate evolution of the *Agentic Web*. In this paradigm, agents not only interact autonomously with humans but also create and manage other AI agents to handle more complex, large-scale scenarios. Our technical solution delivers a full-stack creator platform for these three types of agents, enabling users to create on-chain agents with a single click. This platform spans everything from multi-chain smart contracts to off-chain interfaces, incorporating a range of functional modules such as virtual machine (VM) contracts, social features, on-chain wallets, and centralized exchange (CEX) trading integrations. More importantly, by introducing **Revenue Sharing** and **Agent Tokenization**, we empower creators to collaborate and profit from each other’s work, fostering a fully open creator ecosystem. The Magnet Protocol addresses three key challenges: 1. **Complex Transactions**: Magnet simplifies the execution of complex on-chain transactions through AI. Users can perform intricate operations using simple natural language intents, streamlining the process significantly. 2. **On-Chain Automation**: With Magnet, users can deploy multiple AI agents that act as digital/virtual clones of themselves, simulating behaviors such as social interactions, trading, or airdrop hunting Fully automated and tailored to their specific goals saving valuable time. 3. **High Barriers to Agent Creation**: Magnet offers a one-click, no-code creation process, enabling users to assemble AI agents by combining functional modules, much like building with LEGO. Additionally, Magnet incentivizes collaboration among creators, enriching the ecosystem with diverse functional components and expanding the capabilities of AI agents. ***References:*** 1. # What are Programmable Action Agents? Programmable Action Agents is Magnet’s framework for categorizing three types of on-chain AI agents: H2A (Human-to-Agent), A2H (Agent-to-Human), and A2A (Agent-to-Agent). In essence, Action Agents are customizable based on the creator’s selection of modular functionalities, including but not limited to: 1. Auto-transfer 2. Swap 3. Auto-trading 4. Batch-transaction 5. Social interaction on platforms like Twitter, Farcaster, Discord, or Telegram 6. Smart contract execution 7. CEX trading 8. Additional advanced features This modular design allows creators to tailor Action Agents for a wide range of use cases. # H2A (Human-2-Agent) **Human-to-Agent (H2A)**, also known as ***Intent-type\[***[1](https://www.paradigm.xyz/2023/06/intents)***]***** Agents**, takes natural language inputs from users, translates them into a set of executable transactions, and facilitates their execution. H2A significantly simplifies user interactions with blockchain systems, enabling complex on-chain transactions to be carried out using plain human language. Key use cases include, but are not limited to: 1. **Batch Transactions**: Simplify bulk actions with straightforward commands, such as “Distribute this month’s salaries” or “Airdrop tokens to my community.” 2. **Multi-Dependency Transactions**: Handle transactions involving interdependent smart contracts, such as on-chain permissions management, with ease. 3. **High-Frequency Trading**: Automate tasks such as meme coin trading or PvP***\[***[*2*](https://cryptohayes.medium.com/pvp-6528234ad013)***]*** transactions by allowing users to define specific trading strategies, which the AI Agent can execute autonomously. 4. **Cross-Chain or Multi-Chain Transactions**: Execute transactions spanning multiple blockchains seamlessly. 5. **Multi-Asset Transactions**: Manage simultaneous transactions involving multiple assets. [**Ardio**](https://alpha.ardio.ai/), developed by Magnet, is an example of an H2A agent. It offers features like gasless auto-transfer and other powerful actions to enhance on-chain efficiency. ***References:*** 1. 2. # A2H (Agent-2-Human) **Agent-to-Human (A2H)** agents are designed to autonomously interact with humans. Equipped with specific trigger conditions, a knowledge base, and the ability to learn in targeted scenarios, these agents act as extensions of the user, engaging in various activities across multiple domains. Their capabilities include, but are not limited to: 1. **Social Interaction**: A2H agents can learn user preferences and topic-specific knowledge, maintain a presence on different social platforms, and collect and analyze social data. 2. **Payment Management**: A2H agents can operate with their own wallet addresses, executing payment actions based on initial user-defined parameters. For example, they could autonomously perform random airdrops to various addresses. 3. **Trading**: These agents can simulate user trading behaviors, learn from strategies such as those employed by “smart money,” and execute automatic on-chain trades. 4. **Customized On-Chain Activities**: A2H agents can independently generate and deploy smart contracts, as well as execute transactions directly on-chain. [**Meme Blind Box (MBB)**](https://x.com/magnet_mbb) is Magnet’s implementation of an A2H agent. It operates on platforms like Twitter and other social media, collecting user data and autonomously deciding when and where to issue meme coins across different chains and platforms. # A2A (Agent-2-Agent) **Agent-to-Agent (A2A)** represents the ultimate evolution of the *Agentic Web*. In this paradigm, agents not only interact autonomously with humans but also create and manage other AI agents to handle more complex, large-scale scenarios and execute comprehensive tasks. These include, but are not limited to, the following use cases: 1. **Community Management**: A2A agents can oversee and manage communities, handling tasks such as responding to queries, launching campaigns, conducting airdrops, and managing members. They can decompose community management into sub-tasks, create specialized AI agents for each task, and orchestrate their unified management. 2. **Portfolio Management**: For investment portfolios, A2A agents can manage assets across different blockchains and tokens, monitor market metrics, and autonomously adjust strategies to optimize performance. This capability unlocks a new level of scalability and automation, empowering users to handle highly intricate workflows with minimal manual intervention. # Tech Stack Magnet Tech Stack comprises three core components: 1. **ActionVM**: An off-chain virtual machine for running Action Agents. 2. **Creator Hub**: A no-code collaborative platform for building and deploying Action Agents. 3. **Agent Marketplace**: A marketplace for sharing, utilizing, and monetizing Action Agents. # ActionVM **ActionVM** is the foundational component of the Magnet Protocol, designed to provide a robust runtime environment for Action Agents. It features the following key capabilities: 1. **Multi-LLM Support**: ActionVM is compatible with various large language models (LLMs), including ChatGPT, Claude, LLaMA 3, and Mixtral, offering flexibility and scalability for different use cases. 2. **Unified Runtime for Creator Hub**: It acts as the runtime for standardized Action templates, enabling the Creator Hub to streamline the creation and customization of Action Agents. Users can configure templates easily to suit specific needs without technical expertise. 3. **Open-Source and Decentralized**: ActionVM is fully open-source and designed to support a decentralized network. In the future, node participation will be gradually opened, ensuring a distributed infrastructure for running Magnet Action Agents securely and efficiently. These features make ActionVM the backbone of the Magnet ecosystem, bridging LLM capabilities with decentralized agent execution.
As illustrated in the diagram, **ActionVM** comprises the following key components: ### **Action Assembler (AA)** The **Action Assembler (AA)** is responsible for loading all Actions associated with an Action Agent, serializing them, and preparing the necessary foundational service dependencies, such as Twitter API, Farcaster API, Coinbase CDP, or AWS Bucket. It interacts with the **LLM Linker** to wait for its results. Upon successful serialization, the Action Agent is passed to the Runtime for execution. AA also serves as the **template validation tool** for the Creator Hub, ensuring the serialized correctness of generated Action Agents. Essentially, AA functions as the “compiler” of ActionVM, converting static Action Agent definitions into executable versions. ### LLM Linker (LL) The **LLM Linker (LL)** initializes API connections to various large language models (LLMs) based on configuration data provided by AA. Using the **Service Key Manager (SKM)** within a Trusted Execution Environment (TEE), it retrieves the necessary API access keys for LLMs. LL supports major commercial models like ChatGPT and Claude, open-source models like Hugging Face Transformers, and custom models hosted on major cloud platforms such as AWS SageMaker and Azure ML. ### **Service Key Manager (SKM)** The **Service Key Manager (SKM)** handles the secure management of service keys required by Action Agents, such as Twitter API keys, Farcaster credentials, private keys, and Coinbase CDP developer keys. Using TEE technology, SKM ensures all keys are securely stored and accessed. ### **Knowledge Storage (KS)** **Knowledge Storage (KS)** is divided into two segments: * **Private Knowledge**: Stores data essential for private Action Agents, including knowledge streams and user-defined data during creation. * **Public Knowledge**: Maintains data collected by the Agent during runtime, such as social data, on-chain data, and centralized exchange (CEX) data. Private knowledge is encrypted using TEE technology, similar to SKM, ensuring secure storage of all sensitive information. ### AI Gas System (AGS) The **AI Gas System (AGS)** calculates token consumption between different Action Agents and the LLMs they interact with. It forwards the AI Gas consumption results to the **Agent Marketplace** for cost tracking and billing purposes. ### Runtime The **Runtime** is the core operational component of ActionVM. It loads and executes serialized Action Agents by running their associated code programs, ensuring seamless execution. These components collectively enable ActionVM to provide a secure, scalable, and modular environment for running sophisticated on-chain AI agents. # Creator Hub The price of an **Action Agent** is composed of three core components: 1. **ActionVM Fee**: Covers the **AI Gas Fee** and other ActionVM service costs. This fee dynamically adjusts based on model complexity, inference time, and the frequency of calls. 2. **Magnet Service Fee**: A commission fee collected by Magnet Labs. 3. **Agent Creator DAO Custom Fee**: Defined by the Creator DAO to reward **Agent Token holders** and ecosystem contributors. The revenue distribution mechanism is proportional to token holdings, ensuring fairness and transparency in ecosystem incentives. **Creator Hub** is an open, collaborative platform designed for Action Agent creators, featuring two types of participants: **Action Creators** and **Agent Creators**. Within a decentralized environment, these participants work together to build powerful Action Agents. Through the tokenization of Action Agents, the platform enables multi-party profit sharing and incentive mechanisms.
Creator Hub consists of two main components: Creator Hub and Creator Treasury. ## Creator DAO and Agent Token **Creator DAO** primarily composed of **Action Creators** and **Agent Creators**, who collaborate to create Action Agents and hold voting rights on proposals. Anyone holding Agent Tokens automatically becomes a member of the Creator DAO. ### Action Creator Develop and implement various Action code snippets, such as token swaps, on-chain data queries, and social media operations (e.g., sending tweets). Each **Action Creator** can set a **commission fee** for their Action, such as 5%. When an **Agent Creator** utilizes the Action, the corresponding percentage of Agent Tokens is allocated to the Action Creator. ### Agent Creator **Agent Creators** manage the creation and version upgrades of Action Agents, providing unique knowledge bases and business process definitions for the agents. During version iterations of an Action Agent, new Action Creators may be introduced, with each upgrade proposal approval through a DAO proposal. ### Agent Token Upon the creation of each Action Agent, corresponding **Agent Tokens** are issued to represent ownership rights for that agent. Beyond the portion reserved for the initial Agent Creator and allocations to initial Action Creators, the remaining Agent Tokens are automatically deposited into the C**reator Treasury** for distribution through approved proposals. #### DAO Proposal **DAO Proposals** are categorized into the following types: 1. **Upgrade Proposal**: Proposals to upgrade an Action Agent, typically initiated by the Agent Creator. 2. **Agent Token Allocation**: Open to anyone, allowing applications to request Agent Tokens for any reason. 3. **Revenue Sharing**: Proposals to distribute rewards proportionally to existing token holders, which can be initiated by anyone. 4. **Action Agent Price:** Jointly determine the additional fees (i.e., profits) for the Action Agent. ## Creator Treasury The **Creator Treasury** manages two primary types of tokens: **Agent Tokens** and **USDC (Revenue)**. * **Agent Tokens**: Automatically deposited as unallocated tokens upon the creation of an Action Agent. * **USDC**: Generated from revenue earned through the Agent Marketplace. Both token types are governed by the DAO and managed through Governance Proposals. # Agent Marketplace **Agent Marketplace** is a marketplace for creators and users, facilitating profit distribution and value flow between end-users and the **Creator DAO** through usage and payments. This completes the value cycle for the tokenization of agents within the Creator Hub. The price of an **Action Agent** is composed of three core components: 1. **ActionVM Fee**: Covers the **AI Gas Fee** and other ActionVM service costs. This fee dynamically adjusts based on model complexity, inference time, and the frequency of calls. 2. **Magnet Service Fee**: A commission fee collected by Magnet Labs. 3. **Agent Creator DAO Custom Fee**: Defined by the Creator DAO to reward **Agent Token holders** and ecosystem contributors. The revenue distribution mechanism is proportional to token holdings, ensuring fairness and transparency in ecosystem incentives. # $MAG Tokenomics > The $MAG token **is still under design and development**. Utilization details and functionalities may evolve over time to adapt to the needs of the ecosystem. **$MAG** is the native token of the Magnet ecosystem, designed to power its innovative AI-to-AI economy and incentivize active participation across its network. Below is an overview of its primary utilities: 1. **Agent Marketplace Payment Token** 1. $MAG is the default payment token in the Agent Marketplace. 2. Users who pay with $MAG enjoy reduced service fees, making it the most cost-effective choice for transacting within the ecosystem. 2. **Creator DAO Staking and Certification** 1. $MAG can be staked as a certification token for Creator DAOs. 2. Certified Creator DAOs gain enhanced visibility for their Action Agents, ensuring their work reaches more users and opportunities. 3. **ActionVM Operator Staking** 1. ActionVM Operators are required to stake a certain amount of $MAG to join the Magnet network. 2. These Operators provide foundational services to Action Agents, ensuring smooth operations and network functionality. # Magnet Points Magnet Points are a concept introduced with the launch of the first Magnet Testnet T1, in August 2024. Magnet Points serve as a mechanism to measure, understand, and attribute user contributions within the Magnet Labs ecosystem. Magnet Points will play an important role in qualifying users for future rewards, including $MAG token airdrops and will determine both, eligibility and the proportional allocation of these rewards. Users can earn Magnet Points through various activities and engagement within the Magnet Labs ecosystem, fostering an active and collaborative community that drives growth and success. Please refer to the following links to learn more about about past and ongoing campaigns to collect Magnet Points. * [Magnet Testnet T1 Points](https://mirror.xyz/magnetlabs.eth/PiV8H5A0JfQT53dK8nKrnfQbpr28SpNojyoaaaqp4EY) (ended) * [Ardio Alpha Points](https://mirror.xyz/magnetlabs.eth/UhVYx4bz4qYZjAWSOk5_FBHxlOO7JYXD1lOzeLfFcXk) (live) User can check their Magnet Points balance and rank here: [Magnet Points Leaderboard](https://points.magnetlabs.xyz/) # Token Distribution > We know it’s super important, but coming soon 🤖 # $MBB Tokenomics ### 1. Token Allocation
Total Supply: 1 Billion - Fixed supply with no inflation or deflation. | **Allocation** | **Amount** | **Category** | **Notes** | | -------------- | ----------- | ---------------------- | ----------------------------------------------------------------------------------------------------------------------- | | 10% | 100 Million | Team | 1 year lock for 12 months | | 17.5% | 175 Million | Liquidity Pool | 12.5% locked in Base-Uniswap through Virtuals, 5% locked for other CEXs and DEXs. | | 10% | 100 Million | Treasury | Cover project development and daily operations, tokens will be unlocked every 3 months following reviews by Magnet Labs | | 12.5% | 125 Million | Investors and Advisors | | | 50% | 500 Million | Ecosystem | Airdrops and MBB User Incentivize | ### 2. Token Utility * **Staking**: Stake $MBB to earn a share of trading fees (refer to the \[[MBB Staking](/ecosystem/meme-blind-box-v2/overview-of-features)]section for details). * **Advanced AI Features**: Pay with $MBB to unlock premium AI capabilities, including pic generation, [G.A.M.E.](https://whitepaper.virtuals.io/developer-documents/game-framework) agent creation, and additional platform features. * **Cross-chain Integration**: $MBB is currently available on Base and will be expanding to other network ecosystems in the future. # Ecosystem # Ardio Alpha **Ardio Alpha**, **the first Action Agent** backed by Magnet. Ardio is set to revolutionize the way we interact with blockchains by allowing users to execute tasks with simple natural language commands. Gone are the days of navigating multiple DAPPs—Ardio makes navigating the blockchain as simple as chatting to an interface! # Ardio Alpha Guide > The features of Ardio are currently being updated, and the guidance provided reflects the Alpha version of Ardio. ### **The Power of Ardio** Ardio transforms how we engage with blockchain. Users can now transfer tokens seamlessly, just by telling Ardio what they want. It's the ultimate solution to lowering the barriers to entry in the crypto space. Here's how it compares to traditional methods: #### **User Experience** * **Traditional**: Users need to interact with multiple DAPPs, wallets, and smart contracts, manually executing each step in a process, like transferring tokens or swapping assets. * **Ardio**: Users simply input natural language commands (e.g., “Send 50 USDC to Alice”), and Ardio handles the entire process seamlessly without jumping between interfaces. #### **Accessibility** * **Traditional**: Knowledge of blockchain infrastructure is essential. Users must understand wallet addresses, gas fees, network confirmations, etc. * **Ardio**: Lowers the barrier to entry. No deep technical understanding is required, making blockchain more accessible for beginners. #### **Efficiency** * **Traditional**: Complex tasks (e.g., swapping, staking, or yield farming) can involve multiple steps, leading to mistakes or delays. * **Ardio**: Automates multiple steps with only one command, increasing speed and reducing the chance for human error. Currently, Ardio handles simple tasks like transfers, but in the future, Ardio will support more complex operations. #### **Security** * **Traditional**: Users manage private keys directly, signing transactions without exposing them to external systems. This method ensures high security as long as users maintain control. * **Ardio**: Similar to traditional methods, while AI automates operations like transfers, all critical steps, such as transaction signing, are still under full user control, ensuring the same high level of security. Ardio's approach marks a significant step forward in making blockchain accessible to everyone. Imagine a future where managing complex crypto operations like staking or swapping can be as easy as chatting with a virtual assistant! This is the vision Ardio is building toward, gradually transforming the way we navigate the blockchain space. ### **Ardio Alpha Features** * **Launch Date**: October 24th, 2024 * **Open Participation**: Ardio Alpha is open to all users. * **Supported Wallets**: MetaMask, Coinbase Wallet. * **Transfer:** * **Manual Mode**: Default mode. Transactions require user authorization, with manual signing needed for each transfer. * **Auto Mode**: Powered by **Base’s MPC wallet**, where users deposit USDC into a contract. Transactions are then executed automatically without manual confirmation, and with **ZERO transaction fees**. * Ardio also supports transfers via ENS (Ethereum Name Service). Simply enter the recipient’s ENS name (e.g., name.eth), and you can complete the transfer without needing their full wallet address, reducing the risk of errors! (Currently, only .eth names are supported, excluding subdomains like .base.eth.) * **Supported Tokens**: * **Manual Mode**: * Ethereum: ETH, USDT, BNB, USDC, DAI, WBTC * Base: ETH, USDC, cbBTC * **Auto Mode**: * Base: USDC * **Contact List**: Provide wallet addresses once, and Ardio remembers them, allowing you to build a convenient contact list for future transactions. \[[Watch Demo Video](https://twitter.com/magnetaixyz/status/1831340248322002989?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1831340248322002989%7Ctwgr%5E16c8909b2ab4c13a6fcf946480d9a68f062e8c0e%7Ctwcon%5Es1_\&ref_url=https%3A%2F%2Fmirror.xyz%2Fmagnetai.eth%2FUhVYx4bz4qYZjAWSOk5_FBHxlOO7JYXD1lOzeLfFcXk)] ### **Ardio Alpha Rewards** **Magnet Points** Ardio Alpha offers multiple cash prizes and **Magnet Points** that can be redeemed for the upcoming $MAG token airdrop. All Magnet Points will accumulate and be recorded on the corresponding wallet address. #### **How Magnet Points are Earned during Ardio Alpha** * **Product Activity:** Interacting with the alpha by chatting directly with Ardio, earning Magnet Points for your interactions. * **Social Engagement:** Posting on social media using the hashtag **#Ardio**, earning points based on tweet engagement. * **Bug Reporting:** Identifying and reporting bugs to the Magnet team also contributes to Magnet Point accumulation.
#### Credits All new users receive 0.025 credits to get started. If you'd like to continue using Ardio, you can apply for additional credits, earning **$1 of free usage** after a quick review—enough to cover around **150 messages**. Additionally, we will regularly reward high quality users with bonus Credits! ### **Use Ardio Now!** We’re thrilled to have you as part of this journey. Your feedback is crucial to shaping the future of Ardio, and we encourage everyone to participate in this alpha launch. Together, we’re making blockchain accessible to all! #### **Support and Documentation** For more information: 1. Explore the [**Ardio Docs**](https://docs.magnetlabs.xyz/ardio/ardio-alpha) 2. Join Magnet Labs [**Discord**](https://discord.com/invite/magnetai) to connect with others, and submit a feedback ticket # Getting Started Anyone can access Ardio Alpha. Supported Wallets * Coinbase * MetaMask ### Supported Chains * Base * Ethereum ### Login Click **"Coinbase Wallet"** or **"MetaMask"** in the menu, select your wallet, and sign in.
New users receive an initial **Credit** to cover AI usage fees.
### Main Page The homepage offers four suggested actions.
# Actions Users can engage with Ardio using natural language, such as chatting, performing transfers or creating a contact list. The behavior of transferring and managing the contact list is called an Action, which will be accompanied by a ⚡ displayed under the response. ### Manage Contacts Simply tell Ardio the name and address you’d like to save, and Ardio will build your contact list automatically. Users can use chat commands to edit or remove any contacts.
### Transfer Ardio can assist with transfers via commands like: * “Transfer 10 USDC to Bob on Base Network.” * “Help me buy a Starbucks for BOB.” You can also break down complex requests into parts for better interaction.
#### Batch Transfer Ardio can handle bulk actions to help users handle transfers to multiple contacts at once. Example: "Transfer 10 USDC to Bob, 5 USDC to Alice, and 15.5 USDC to Vitalik on Base Network."
#### **Multi-Chain** Perform cross-chain transfers, currently supporting **Base** and **Ethereum**. Example: "Please transfer 10 USDC to Bob on Base Network and 8 USDC on Ethereum Network."
### Transfer Modes Ardio offers two transfer modes, **Manual Mode**, and **Auto Mode**. You can switch between them via the menu under **Assets** or by asking Ardio directly. #### Manual Mode This default mode requires manual confirmation for every transfer. The transfer amount and gas fees are paid by users.
#### Auto Mode With the help of **Base’s MPC Wallet**, Auto Mode allows for **gas-free** USDC transfers on Base. After initializing your MPC Wallet through the **Assets** menu and depositing funds, Ardio automates transfers without manual confirmations. The transfer amount and gas fees are paid by the wallet. Initial authorization is required, with limits on amounts; reauthorization is necessary for higher values.
# Fees AI Service Fee AI responses require a separate **AI Service Fee**, independent of the funds in your MPC wallet. If your balance falls below 1 USDC, a prompt will notify you to recharge using USDC on Base, or USDC/USDT on Ethereum.
#### Assets Funds deposited in the **Base MPC Wallet** can be recharged, transferred, or withdrawn at any time.
# Meme Blind Box V2 Meme Blind Box (MBB) is a social launchpad AI agent that bridges Twitter and blockchain networks through [Virtuals](https://virtuals.io/) and [Magnet](https://magnetlabs.xyz/) integration. Built for creators, MBB enables instant memecoin deployment with 100% of platform revenues distributed between content creators and MBB stakers. # Overview of Features MBB converts creators' social media content into memecoins, collecting trending ideas from Twitter and launching them across blockchain networks.
### 🚀 Token Launch Launch your token on Twitter through two simple methods: **1. Automated Content Conversion** Simply mention `@magnet_mbb` and tag `#MBBLaunch` **under any tweet's comments**, and our AI agent will automatically analyze the content to generate a complete token package - including name, ticker, and themed artwork.
**2. Custom Token Creation** Design your own token by mentioning `@magnet_mbb` and adding tag `#MBBLaunch` in your post along with your specified token details (name, ticker, and artwork). Both methods enable instant token deployment with just one tweet. **MBB will then:** 1. Generate your memecoin on Base 2. Add the entire supply to Uniswap 3. Permanently lock the liquidity in our secure locker contract \[INSERT\_LOCKER\_LINK] for revenue sharing Your token will be instantly tradable through both Uniswap v3 and the MBB Dashboard. More on the \[[Token Launching Guide](/ecosystem/meme-blind-box-v2/token-launch-guide-process-and-limits)] part. ### 💰 Rev Sharing MBB follows a community-first approach where 100% of trading fees are distributed back to participants. This transparent model ensures both creators and stakers benefit directly from their involvement. #### 1. Mechanism **100% of all trading fees** generated from the initially provisioned [**single-sided liquidity**](https://support.uniswap.org/hc/en-us/articles/20902968738317-What-is-single-sided-liquidity) will be distributed to the community. To break this down further, the fees are equally divided between two roles: 1. **Creator**: The person who created the memecoin (typically one individual) receives 50% of the revenue 2. **$MBB Stakers**: Those who stake $MBB to this memecoin (typically multiple people) share the remaining 50% of revenue, distributed proportionally based on their staking ratios
#### 2. How to claim > CAUTION: Please note that each Twitter account can only be bound to one Base address, and **there is no unbinding feature** available in V2.0.0. * **Creators** can visit the MBB Dashboard to verify ownership of their Twitter account and connect a Base wallet address to collect LP rewards. * **$MBB Stakers** can visit the MBB Dashboard's token detail page to claim the corresponding revenue. For a detailed explanation of staker rewards, check the [MBB Staking](/ecosystem/meme-blind-box-v2/overview-of-features) documentation. ### 🏦 MBB Staking **$MBB holders (holders)** can earn liquidity rewards from trading fees by staking their $MBB tokens to different meme tokens. #### 1. Mechanism There are **zero fees** for staking, unstaking, or claiming transactions. **Holders can stake and unstake at any time without a lock-up period**. This means the staking pool changes dynamically. Holders can initiate the following transactions to interact with the staking contract: **1. Stake** * Minimum stake per user is 1000 $MBB * Each memecoin can have up to 500 different staking addresses **2. Unstake** * The unstake operation will **withdraw all your staked $MBB** at once **3. Claim Revenue** ```jsx Your Revenue = (Your_Staked_$MBB/Total_Staked_$MBB) × Period_Earnings ``` A detailed example: If you stake 1000 $MBB at block 100 and unstake at block 200, with a total pool of 10K staked $MBB, and assuming no other stakers made changes during this period, and `{100 VIRTUALS, 100 MBB}` LP fees were generated between blocks 100-200, you would receive 5% of LP fees: `{5 VIRTUALS, 5 MBB}` . #### 2. Additional Notes * Initiating a Claim Revenue, Stake, or Unstake transaction will settle earnings for **all stakers** from the last settlement until the current transaction. * The `Total_Staked_$MBB` amount is calculated at the moment **any staking-related transaction** (stake, unstake, or claim) is initiated. * For meme tokens that have **no stakers**, the liquidity rewards generated during that period will go to Magnet Labs Treasury. * Tokens generated from MBB V1 do not currently support the Staking feature. # $MBB Tokenomics 1\. Token Allocation
Total Supply: 1 Billion - Fixed supply with no inflation or deflation. | **Allocation** | **Amount** | **Category** | **Notes** | | -------------- | ----------- | ---------------------- | ----------------------------------------------------------------------------------------------------------------------- | | 10% | 100 Million | Team | 1 year lock for 12 months | | 17.5% | 175 Million | Liquidity Pool | 12.5% locked in Base-Uniswap through Virtuals, 5% locked for other CEXs and DEXs. | | 10% | 100 Million | Treasury | Cover project development and daily operations, tokens will be unlocked every 3 months following reviews by Magnet Labs | | 12.5% | 125 Million | Investors and Advisors | | | 50% | 500 Million | Ecosystem | Airdrops and MBB User Incentivize | ### 2. Token Utility * **Staking**: Stake $MBB to earn a share of trading fees (refer to the \[[MBB Staking](/ecosystem/meme-blind-box-v2/overview-of-features)] section for details). * **Advanced AI Features**: Pay with $MBB to unlock premium AI capabilities, including pic generation, [G.A.M.E.](https://whitepaper.virtuals.io/developer-documents/game-framework) agent creation, and additional platform features. * **Cross-chain Integration**: $MBB is currently available on Base and will be expanding to other network ecosystems in the future. # Token Launch Guide: Process & Limits ### 1. About Tokens Each token will have a **fixed supply of 1 billion**. After creation, tokens can be immediately accessed and traded through the MBB Dashboard. **Important note**: Your token's first transaction must be completed via the MBB Dashboard. This initial transaction is essential as it handles both the deployment, provisions the single-side liquidity pool, and permanently locks the LP. ### 2. About Token Creation #### **Creation Process** Tokens are created immediately after MBB is triggered (by mentioning `@magnet_mbb` and tagging `#MBBLaunch`). Due to AI resource limitations and spam-prevention measures, requests may be queued during high-volume periods, **with premium users receiving priority** to prevent spam. #### **Social Notifications** After MBB is triggered, due to Twitter API call limits, MBB will **prioritize replies to premium users** (blue checkmark users). For all other creators, MBB will **send consolidated tweets hourly**. Note that this only affects notifications, not creation time. All creators can check token status directly on the MBB Dashboard. #### **Token Pics** There are several cases for providing token media resources: 1. **If no pic is provided**: MBB will automatically generate an pic based on content. Due to AI resource limitations and spam-prevention measures, this feature is **currently available only to premium users**. Generation takes approximately 10-20 seconds depending on AI processing speed and queue length. Pics are generated asynchronously and will not delay token trading. 2. **For content with single pic**: MBB will use that pic as the meme pic. 3. **For content with multiple pics**: MBB will use the first pic as the meme pic. 4. **For video content**: MBB will use the video cover as the meme pic. 5. **Articles** are not currently supported. # Roadmap > The roadmap may evolve based on Magnet Labs’ internal product strategy adjustments or external project collaborations. Since its **launch v1 in November 2024**, MBB has gained strong support from the memecoin community. Users enjoy interacting with MBB on Twitter, converting tweets and viral content into fully tradable memecoins. With the official release of MBB v2 as a social memecoin launchpad agent, MBB will expand to support multiple blockchains and additional social channels. Major milestones include: 1. ✅ Token Launch (Base): February 2025 2. Revenue Sharing: Early March 2025 3. MBB Staking: Late March 2025 4. Virtual Agent Launch: April 2025 5. Token Launch (Solana): May 2025 6. Smart LLM Router: June 2025 * Reduces AI costs * Covers more social content 7. Smart Content Parser: Q3 2025 * Supports more flexible social content * Enhances Twitter category support 8. Additional Chain/Platform Support: Q4 2025 (TBD) # Role and Key Management MBB utilizes multiple services and accesses on-chain contracts, incorporating a multi-layered permission and private key management mechanism for different services and contracts. These include: ### Roles #### Owner The Owner is responsible for deploying: 1. MBB Token Creator Contract 2. MBB LP Locker Contract * MBB Staker Contract The Owner also configures role permissions: * In MBB Token Creator Contract: assigns AI Processor and setlocker roles * In MBB LP Locker Contract: assigns Token\_creator and Staker roles * In MBB Staker Contract: assigns AI Processor role #### AI Processor Responsible for invoking most AI-controlled autonomous methods within the MBB contract, including: 1. Deploys ERC20 token (Memecoin) 2. Creates liquidity pairs on Uniswap V3 3. Permanently locks LP NFT in MBB Locker Contract 4. Claims token creator revenue #### Operator 1. Claims transaction fees from unstaked tokens to `magnetlabs.eth` 2. Configures some contract parameters: * CreatorRevenuePercentage * MaxStakersPerPool * MinimumStaking ### Keys #### Twitter API Key Twitter API Key is primarily used for MBB’s posting and commenting activities. It is authorized under the **@magnetaixyz** account and securely stored in the **ActionVM Service Key Manager**. #### OpenAI API Key The OpenAI API Key serves as the foundational access key for MBB’s underlying LLM capabilities. It is owned by **Magnet Labs Inc.** and securely stored in the **ActionVM Service Key Manager**. #### AI Processor Private Key * **Wallet: `memeblindbox.base.eth`** * **Management**: Securely maintained in the **Service Key Manager** #### Owner Private Key * **Wallet: `magnetlabs.eth`** * **Management: Controlled by Magnet Labs.** #### Operator Private Key * **Wallet:** * **Management: Controlled by Magnet Labs.** # Important Links ### MBB Token Related 1. $MBB Contract Address (Base): 0x8a85ACeE3Fd2906d2C4Ca2De72Cdb60eF807b42a 2. $MBB Virtuals Link: 3. $MBB Dexscreener: 4. $MBB Coingecko: ### MBB Open Resources 1. [MBB TokenCreator Smart Contract V2.0.0](https://basescan.org/address/0xBa5d1F2Ae9C0B48223421e54856596C8C8597B7d#code) 2. [MBB LPLocker Smart Contract V2.0.0](https://basescan.org/address/0x4589096dbF91A6cDbe338BB626e5d2A69cf8d1E6#code) 3. MBB Staker Smart Contract V2.0.0 4. MBB Dashboard: ### MBB Socials 1. MBB Twitter Account: 2. MBB Telegram Channel: 3. MBB Discord Channel: # FAQ # \[Archived] Meme Blind Box V1 Meme Blind Box (MBB) is Magnet’s first implementation of an A2H agent\[1]. It operates on platforms like Twitter and other social media, learning meme culture through interactions with users and autonomously issuing meme coins across various chains and platforms. # Overview of Features Meme Blind Box (MBB) is a creatorless launchpad agent on [Base](https://www.base.org/). Unlike traditional memecoin launchpads, MBB actively operates on various social platforms, collecting user data and learning diverse meme cultures. It autonomously launches memecoins on different DEXs and launchpads on Base network. It's fully controlled by AI, and owned by the community.
MBB collects user inputs and contributions from various frontends, aggregates them in the backend, and autonomously determines the issuance of memecoins on different DEXs and launchpads. > The following functionality is based on [**MBB V1.0.0**](https://github.com/magnetai/mbb-dashbord), where the frontend is **X (Twitter)** and the backend operates on **Base chain’s Uniswap**.
### 💰 Contribution MBB autonomously schedules and posts a **pre-launch** announcement, which includes: 1. **Total Token Supply**: Fixed at 1 billion tokens. 2. **Initial Token Allocation**: Allocated to contributors, ranging from 20% to 50% of the total supply, autonomously and randomly determined by AI. 3. **MBB On-Chain Contract Address**: Provided for transparency and interaction. 4. **Platform and Chain Information**: Ensures the launch is on Base and utilizes Uniswap V3. During the [**Launching Period (\[12h, 96h\])**](https://mbb.magnetlabs.xyz/)**, before the End Block:** 1. **Contribute ETH**: Users can contribute ETH via the MBB contract address to receive an initial share of the tokens, distributed **proportionally** based on the amount of ETH contributed. 2. **Collaborate on Token details**: By engaging on social channels (e.g., comments or quote tweets), users can collectively decide the token’s **name**, **ticker**, **profile picture**, and **bio**, earning the status of **co-author**. > For details on how contributions are handled after the **End Block**, refer to [**Glossary - End Block**](https://mbb.magnetlabs.xyz/). ### 🚀 Token Launch After the Launching Period (with the exact timing determined by the [**on-chain End Block**](https://mbb.magnetlabs.xyz/)**,** MBB will deploy a community-designed ERC20 token on the **Base chain**. The following steps will be executed: 1. **Liquidity Creation**: 1. MBB will deduct the [**AI Service Fee**](https://openai.com/api/pricing/) from the contributed ETH. 2. The remaining ETH, along with both the unallocated tokens ([100% - Initial Token Allocation - 1% for Airdrop](/ecosystem/archived-meme-blind-box-v1/token-allocation-and-fees)), will be used to create a liquidity pair on **Uniswap V3**. 2. **Announcement on X (Twitter)**: MBB will post a tweet covering: a. **Token Details**: Name, Ticker, Profile Picture, Bio. b. **Token Contract Address**: A link to Basescan for verification. c. **Uniswap Trading Link**: A direct link to the trading pair on Uniswap. d. **MBB Dashboard Link**: A link for users to access the MBB dashboard for further interaction. ### 🪂 Airdrop Users can receive airdrops through two methods: 1. **Random Airdrop Posts**: MBB will occasionally post messages like “I’m going to airdrop XXX.” Users who comment with their Base address, Base name, or ENS will have a chance to receive a random amount of tokens. 2. **Mention MBB in Posts/Quote Tweets**: By mentioning MBB in a post or quote tweet along with your Base address, Base name, or ENS, you increase your chances of being considered **for the next airdrop**. MBB’s airdrop tokens come from the 1% (1 million tokens) reserved from each new token’s supply during the creation of the liquidity pair (LP). For more details, refer to the *\[*[*Fee Structure*](/ecosystem/archived-meme-blind-box-v1/token-allocation-and-fees)*].* ### 🤖 Social Learning MBB learns from three types of social interactions: 1. **Comments on Its Own Posts**: Analyzing replies to its own tweets. 2. **Tweets from Specific Topics/Accounts**: Observing posts from given Twitter topics or accounts and occasionally commenting randomly. 3. **Manually Input Knowledge**: Incorporating curated inputs, typically covering real-world trending topics, sports, entertainment news, etc. # How it Works MBB, as an A2H Action Agent, operates primarily on [**ActionVM**](/tech-stack/actionvm). The specific **Actions** involved in MBB are illustrated in the diagram below: # Role and Key Management MBB utilizes multiple services and accesses on-chain contracts, incorporating a multi-layered permission and private key management mechanism for different services and contracts. These include: ## Roles ### Owner The MBB contract’s **permission manager** oversees the **AI Processor** and maintains the list of approved Processors. ### AI Processor Responsible for invoking most AI-controlled autonomous methods within the MBB contract, including: 1. Deploying ERC20 contracts. 2. Creating liquidity pairs on Uniswap V3. 3. Distributing initial token allocations to contributors. 4. Managing airdrops ### Processor The **Processor** is the only manually operated role within the MBB contract and serves two primary functions: 1. **Claiming Uniswap LP Rewards**: Collects liquidity provider rewards generated through Uniswap. 2. **Managing the Airdrop Token List**: 1. Tokens issued by MBB are **automatically added** to the airdrop token list. 2. User-donated tokens (e.g., cbBTC, USDC, USDT) must be manually configured in the MBB contract to enable autonomous airdrops for these tokens. ## Keys ### X API Key X API Key is primarily used for MBB’s posting and commenting activities. It is authorized under the **@magnetaixyz** account and securely stored in the **ActionVM Service Key Manager**. ### OpenAI API Key The OpenAI API Key serves as the foundational access key for MBB’s underlying LLM capabilities. It is owned by **Magnet Labs Inc.** and securely stored in the **ActionVM Service Key Manager**. ### AI Processor Private Key A standard EVM address is used to interact with MBB’s on-chain contracts, including: 1. Deploying ERC20 contracts. 2. Creating liquidity pairs on Uniswap V3. 3. Distributing initial token allocations to contributors. 4. Managing airdrops. Its private key is securely stored in the **Service Key Manager**. ### Owner Private Key The EOA wallet *magnetlabs.eth,* managed by Magnet Labs Inc.. ### Processor Key The EOA wallet, managed by Magnet Labs Inc.. # Token Allocation and Fees
MBB collects two types of fees: 1. **AI Service Fee**: A 1% deduction from contributed ETH is allocated to: 1. LLM costs 2. Twitter API costs 3. AI Processor transaction fees 2. **Airdrop Token**: A **1%** deduction from each newly launched token is added to MBB’s airdrop pool as a donation to support the long-term growth and development of the MBB community. # Roadmap > The roadmap may evolve based on Magnet Labs’ internal product strategy adjustments or external project collaborations. As a memecoin launchpad agent, MBB will gradually expand to support diverse blockchains, launchpads, and DEXs while covering most major social media platforms on the frontend. Detailed milestones include: ### **2024 November** * **Backend**: Base-Uniswap integration ✅ * **Frontend**: Twitter integration ✅ * **MBB Dashboard**: AI Terminal ✅ ### **2024 December** * **Backend**: Base-Virtuals integration * **Frontend**: Farcaster and Discord integration * **MBB Dashboard**: Dexscreener support ### 2025 and Beyond * Backend: Base-Virtuals Fun integration * Frontend: Telegram integration * Additional Chains and Platforms # Glossary and Links ## Glossary ### **Initial Token Allocation** The initially reserved tokens will be distributed proportionally to addresses that contributed ETH and provided the initial liquidity pool (LP). ### Pre-launch A pre-launch token ceremony is conducted prior to the official token launch to collect ETH contributions and inspire meme coin creation. ### **Launching Period** The interval between the pre-launch and the token launch is **randomly between 12 and 96 hours**, with the exact timing determined by the on-chain block height (End Block). During this period, users can contribute ETH and comment on the pre-launch tweet to become co-authors. ### End Block The final block height for accepting contributions and comments is determined based on the block height of the Base chain. After the **End Block**: 1. Contributed ETH will automatically roll over to the next token launch as a contribution. 2. Comments will no longer affect MBB’s behavior for both the announced token launch and the next one. ## Links 1. MBB Smart Contract V1: 2. MBB V1.0.0: 3. MBB Dashboard: ***References***: 1. [Link to A2H Page](/what-are-programmable-action-agents/a2h-agent-2-human) 2. # FAQ **Q: What does MBB do?** **A:** Meme Blind Box (MBB) is a **creatorless memecoin launchpad agent** powered by AI and owned by the community. MBB periodically posts **pre-launch tweets** inviting community collaboration to create and launch unique memecoins that are entirely AI-generated. **Q: How can I interact with MBB?** **A:** You can participate in memecoin creation by: 1. **Replying to the pre-launch tweet** with your creative input. 2. **Contributing ETH** to the contract address. 3. QT/reply to the airdrop post, or mention @magnet\_mbb in X, and leave your wallet address. \*\*\* Important Reminder:\*\* When contributing ETH to the contract address, please ensure you transfer funds from your personal wallet. Do not use a CEX account (such as Binance, OKX, etc.), as you may lose your token allocation. **Q: Is MBB fully automated?** **A:** Yes! Every step of the process—including pre-launch timing, launch timing, token distribution for contributors, memecoin creation, and liquidity locking—is **fully automated and managed by AI**. **Q: What happens if I send ETH after the contribution time has ended?** **A:** Only ETH contributed **before the block height deadline** will count toward the current memecoin creation. To avoid missing out, ensure you leave enough time for network delays. Any ETH sent after the deadline will automatically roll over to the next memecoin creation. **Q: Is the memecoin liquidity locked, and for how long?** **A:** Yes, the ETH contributed and the liquidity pair will be **automatically and permanently locked** in the liquidity pool. This process is entirely managed by MBB’s smart contract, ensuring **complete transparency and security** for contributors. **Q: Why doesn’t the “locked” indicator appear on Dexscreener?** **A:** Dexscreener supports third-party platforms like [UNCX](https://docs.uncx.network/availability-and-fees) and [Team Finance](https://www.team.finance/pricing) to display the “locked” status. However, these services charge **0.5%-1% of the liquidity** as a fee, reducing the value available to contributors. To **maximize your benefits**, we opted not to use these services. Instead, you can verify the liquidity lock directly through our **open-sourced smart contract** [here](https://basescan.org/address/0x4D209d045C8096DB1a368c8Ff02d1Eb21Ea1Be3a#writeContract).
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### Third-Party Services We may display, include or make available third-party content (including data, information, applications and other products services) or provide links to third-party websites or services ("Third- Party Services").
You acknowledge and agree that Magnet Labs shall not be responsible for any Third-Party Services, including their accuracy, completeness, timeliness, validity, copyright compliance, legality, decency, quality or any other aspect thereof. Magnet Labs does not assume and shall not have any liability or responsibility to you or any other person or entity for any Third-Party Services.
Third-Party Services and links thereto are provided solely as a convenience to you and you access and use them entirely at your own risk and subject to such third parties' terms and conditions.
### Tracking Technologies \
* Cookies\ \ \ We use Cookies to enhance the performance and functionality of our platform but are non-essential to their use. However, without these cookies, certain functionality like videos may become unavailable or you would be required to enter your login details every time you visit the platform as we would not be able to remember that you had logged in previously. \
* Local Storage\ \ \ Local Storage sometimes known as DOM storage, provides web apps with methods and protocols for storing client-side data. Web storage supports persistent data storage, similar to cookies but with a greatly enhanced capacity and no information stored in the HTTP request header.
### Information about General Data Protection Regulation (GDPR) We may be collecting and using information from you if you are from the European Economic Area (EEA), and in this section of our Privacy Policy we are going to explain exactly how and why is this data collected, and how we maintain this data under protection from being replicated or used in the wrong way.
### What is GDPR? GDPR is an EU-wide privacy and data protection law that regulates how EU residents' data is protected by companies and enhances the control the EU residents have, over their personal data.
The GDPR is relevant to any globally operating company and not just the EU-based businesses and EU residents. Our customers’ data is important irrespective of where they are located, which is why we have implemented GDPR controls as our baseline standard for all our operations worldwide.
### What is personal data? Any data that relates to an identifiable or identified individual. GDPR covers a broad spectrum of information that could be used on its own, or in combination with other pieces of information, to identify a person. Personal data extends beyond a person’s name or email address. Some examples include financial information, political opinions, genetic data, biometric data, IP addresses, physical address, sexual orientation, and ethnicity.
The Data Protection Principles include requirements such as:
* Personal data collected must be processed in a fair, legal, and transparent way and should only be used in a way that a person would reasonably expect. * Personal data should only be collected to fulfil a specific purpose and it should only be used for that purpose. Organizations must specify why they need the personal data when they collect it. * Personal data should be held no longer than necessary to fulfil its purpose. * People covered by the GDPR have the right to access their own personal data. They can also request a copy of their data, and that their data be updated, deleted, restricted, or moved to another organization.
### Why is GDPR important? GDPR adds some new requirements regarding how companies should protect individuals' personal data that they collect and process. It also raises the stakes for compliance by increasing enforcement and imposing greater fines for breach. Beyond these facts it's simply the right thing to do. At Magnet Labs we strongly believe that your data privacy is very important and we already have solid security and privacy practices in place that go beyond the requirements of this new regulation.
### Individual Data Subject's Rights - Data Access, Portability and Deletion We are committed to helping our customers meet the data subject rights requirements of GDPR. Magnet Labs processes or stores all personal data in fully vetted, DPA compliant vendors. We do store all conversation and personal data for up to 6 years unless your account is deleted. In which case, we dispose of all data in accordance with our Terms of Service and Privacy Policy, but we will not hold it longer than 60 days.
We are aware that if you are working with EU customers, you need to be able to provide them with the ability to access, update, retrieve and remove personal data. We got you! We've been set up as self service from the start and have always given you access to your data and your customers data. Our customer support team is here for you to answer any questions you might have about working with the API.
### California Residents The California Consumer Privacy Act (CCPA) requires us to disclose categories of Personal Information we collect and how we use it, the categories of sources from whom we collect Personal Information, and the third parties with whom we share it, which we have explained above.
We are also required to communicate information about rights California residents have under California law. You may exercise the following rights:
* Right to Know and Access. You may submit a verifiable request for information regarding the: (1) categories of Personal Information we collect, use, or share; (2) purposes for which categories of Personal Information are collected or used by us; (3) categories of sources from which we collect Personal Information; and (4) specific pieces of Personal Information we have collected about you. * Right to Equal Service. We will not discriminate against you if you exercise your privacy rights. * Right to Delete. You may submit a verifiable request to close your account and we will delete Personal Information about you that we have collected. * Request that a business that sells a consumer's personal data, not sell the consumer's personal data.
If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us.
We do not sell the Personal Information of our users.
For more information about these rights, please contact us.
### California Online Privacy Protection Act (CalOPPA) CalOPPA requires us to disclose categories of Personal Information we collect and how we use it, the categories of sources from whom we collect Personal Information, and the third parties with whom we share it, which we have explained above.
CalOPPA users have the following rights:
* Right to Know and Access. You may submit a verifiable request for information regarding the: (1) categories of Personal Information we collect, use, or share; (2) purposes for which categories of Personal Information are collected or used by us; (3) categories of sources from which we collect Personal Information; and (4) specific pieces of Personal Information we have collected about you. * Right to Equal Service. We will not discriminate against you if you exercise your privacy rights. * Right to Delete. You may submit a verifiable request to close your account and we will delete Personal Information about you that we have collected. * Right to request that a business that sells a consumer's personal data, not sell the consumer's personal data.
If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us.
We do not sell the Personal Information of our users.
For more information about these rights, please contact us.
### Contact Us Don't hesitate to contact us if you have any questions.
* Via Email: # Terms-and-Conditions ## Terms & Conditions Updated at April 15th, 2024 \
### General Terms By accessing and placing an order with Magnet Labs, you confirm that you are in agreement with and bound by the terms of service contained in the Terms & Conditions outlined below. These terms apply to the entire website and any email or other type of communication between you and Magnet Labs.
Under no circumstances shall Magnet Labs team be liable for any direct, indirect, special, incidental or consequential damages, including, but not limited to, loss of data or profit, arising out of the use, or the inability to use, the materials on this site, even if Magnet Labs team or an authorized representative has been advised of the possibility of such damages. If your use of materials from this site results in the need for servicing, repair or correction of equipment or data, you assume any costs thereof.
Magnet Labs will not be responsible for any outcome that may occur during the course of usage of our resources. We reserve the rights to change prices and revise the resources usage policy in any moment. This Privacy Policy was created with Termify.io
### License Magnet Labs grants you a revocable, non-exclusive, non-transferable, limited license to download, install and use the website strictly in accordance with the terms of this Agreement.
These Terms & Conditions are a contract between you and Magnet Labs (referred to in these Terms & Conditions as "Magnet Labs", "us", "we" or "our"), the provider of the Magnet Labs website and the services accessible from the Magnet Labs website (which are collectively referred to in these Terms & Conditions as the "Magnet Labs Service").
You are agreeing to be bound by these Terms & Conditions. If you do not agree to these Terms & Conditions, please do not use the Magnet Labs Service. In these Terms & Conditions, "you" refers both to you as an individual and to the entity you represent. If you violate any of these Terms & Conditions, we reserve the right to cancel your account or block access to your account without notice.
### Definitions and key terms To help explain things as clearly as possible in this Terms & Conditions, every time any of these terms are referenced, are strictly defined as:
* Cookie: small amount of data generated by a website and saved by your web browser. It is used to identify your browser, provide analytics, remember information about you such as your language preference or login information. * Company: when this terms mention “Company,” “we,” “us,” or “our,” it refers to Magent Labs Inc., (9 raffles place #05-01 republic plaza, Singapore), that is responsible for your information under this Terms & Conditions. * Country: where Magnet Labs or the owners/founders of Magnet Labs are based, in this case is Singapore * Device: any internet connected device such as a phone, tablet, computer or any other device that can be used to visit Magnet Labs and use the services. * Service: refers to the service provided by Magnet Labs as described in the relative terms (if available) and on this platform. * Third-party service: refers to advertisers, contest sponsors, promotional and marketing partners, and others who provide our content or whose products or services we think may interest you. * Website: Magnet Labs’s site, which can be accessed via this URL: * You: a person or entity that is registered with Magnet Labs to use the Services.

### Restrictions You agree not to, and you will not permit others to:
* License, sell, rent, lease, assign, distribute, transmit, host, outsource, disclose or otherwise commercially exploit the website or make the platform available to any third party. * Modify, make derivative works of, disassemble, decrypt, reverse compile or reverse engineer any part of the website. * Remove, alter or obscure any proprietary notice (including any notice of copyright or trademark) of Magnet Labs or its affiliates, partners, suppliers or the licensors of the website.
### Payment If you register to any of our recurring payment plans, you agree to pay all fees or charges to your account for the Service in accordance with the fees, charges and billing terms in effect at the time that each fee or charge is due and payable. Unless otherwise indicated in an order form, you must provide Magnet Labs with a valid credit card (Visa, MasterCard, or any other issuer accepted by us) (“Payment Provider”) as a condition to signing up for the Premium plan. Your Payment Provider agreement governs your use of the designated credit card account, and you must refer to that agreement and not these Terms to determine your rights and liabilities with respect to your Payment Provider. By providing Magnet Labs with your credit card number and associated payment information, you agree that Magnet Labs is authorized to verify information immediately, and subsequently invoice your account for all fees and charges due and payable to Magnet Labs hereunder and that no additional notice or consent is required. You agree to immediately notify Magnet Labs of any change in your billing address or the credit card used for payment hereunder. Magnet Labs reserves the right at any time to change its prices and billing methods, either immediately upon posting on our Site or by e-mail delivery to your organization’s administrator(s).
Any attorney fees, court costs, or other costs incurred in collection of delinquent undisputed amounts shall be the responsibility of and paid for by you.
No contract will exist between you and Magnet Labs for the Service until Magnet Labs accepts your order by a confirmatory e-mail, SMS/MMS message, or other appropriate means of communication.
You are responsible for any third-party fees that you may incur when using the Service.
### Return and Refund Policy Thanks for shopping at Magnet Labs. We appreciate the fact that you like to buy the stuff we build. We also want to make sure you have a rewarding experience while you’re exploring, evaluating, and purchasing our products.
As with any shopping experience, there are terms and conditions that apply to transactions at Magnet Labs. We’ll be as brief as our attorneys will allow. The main thing to remember is that by placing an order or making a purchase at Magnet Labs, you agree to the terms along with Magnet Labs’s Privacy Policy.
If, for any reason, You are not completely satisfied with any good or service that we provide, don't hesitate to contact us and we will discuss any of the issues you are going through with our product.
### Your Suggestions Any feedback, comments, ideas, improvements or suggestions (collectively, "Suggestions") provided by you to Magnet Labs with respect to the website shall remain the sole and exclusive property of Magnet Labs.
Magnet Labs shall be free to use, copy, modify, publish, or redistribute the Suggestions for any purpose and in any way without any credit or any compensation to you.
### Your Consent We've updated our Terms & Conditions to provide you with complete transparency into what is being set when you visit our site and how it's being used. By using our website, registering an account, or making a purchase, you hereby consent to our Terms & Conditions.
### Links to Other Websites This Terms & Conditions applies only to the Services. The Services may contain links to other websites not operated or controlled by Magnet Labs. We are not responsible for the content, accuracy or opinions expressed in such websites, and such websites are not investigated, monitored or checked for accuracy or completeness by us. Please remember that when you use a link to go from the Services to another website, our Terms & Conditions are no longer in effect. Your browsing and interaction on any other website, including those that have a link on our platform, is subject to that website’s own rules and policies. Such third parties may use their own cookies or other methods to collect information about you.
### Cookies Magnet Labs uses "Cookies" to identify the areas of our website that you have visited. A Cookie is a small piece of data stored on your computer or mobile device by your web browser. We use Cookies to enhance the performance and functionality of our website but are non-essential to their use. However, without these cookies, certain functionality like videos may become unavailable or you would be required to enter your login details every time you visit the website as we would not be able to remember that you had logged in previously. Most web browsers can be set to disable the use of Cookies. However, if you disable Cookies, you may not be able to access functionality on our website correctly or at all. We never place Personally Identifiable Information in Cookies.
### Changes To Our Terms & Conditions You acknowledge and agree that Magnet Labs may stop (permanently or temporarily) providing the Service (or any features within the Service) to you or to users generally at Magnet Labs’s sole discretion, without prior notice to you. You may stop using the Service at any time. You do not need to specifically inform Magnet Labs when you stop using the Service. You acknowledge and agree that if Magnet Labs disables access to your account, you may be prevented from accessing the Service, your account details or any files or other materials which is contained in your account.
If we decide to change our Terms & Conditions, we will post those changes on this page, and/or update the Terms & Conditions modification date below.
### Modifications to Our website Magnet Labs reserves the right to modify, suspend or discontinue, temporarily or permanently, the website or any service to which it connects, with or without notice and without liability to you.
### Updates to Our website Magnet Labs may from time to time provide enhancements or improvements to the features/ functionality of the website, which may include patches, bug fixes, updates, upgrades and other modifications ("Updates").
Updates may modify or delete certain features and/or functionalities of the website. You agree that Magnet Labs has no obligation to (i) provide any Updates, or (ii) continue to provide or enable any particular features and/or functionalities of the website to you.
You further agree that all Updates will be (i) deemed to constitute an integral part of the website, and (ii) subject to the terms and conditions of this Agreement.
### Third-Party Services We may display, include or make available third-party content (including data, information, applications and other products services) or provide links to third-party websites or services ("Third- Party Services").
You acknowledge and agree that Magnet Labs shall not be responsible for any Third-Party Services, including their accuracy, completeness, timeliness, validity, copyright compliance, legality, decency, quality or any other aspect thereof. Magnet Labs does not assume and shall not have any liability or responsibility to you or any other person or entity for any Third-Party Services.
Third-Party Services and links thereto are provided solely as a convenience to you and you access and use them entirely at your own risk and subject to such third parties' terms and conditions.
### Term and Termination This Agreement shall remain in effect until terminated by you or Magnet Labs.
Magnet Labs may, in its sole discretion, at any time and for any or no reason, suspend or terminate this Agreement with or without prior notice.
This Agreement will terminate immediately, without prior notice from Magnet Labs, in the event that you fail to comply with any provision of this Agreement. You may also terminate this Agreement by deleting the website and all copies thereof from your computer.
Upon termination of this Agreement, you shall cease all use of the website and delete all copies of the website from your computer.
Termination of this Agreement will not limit any of Magnet Labs's rights or remedies at law or in equity in case of breach by you (during the term of this Agreement) of any of your obligations under the present Agreement.
### Copyright Infringement Notice If you are a copyright owner or such owner’s agent and believe any material on our website constitutes an infringement on your copyright, please contact us setting forth the following information: (a) a physical or electronic signature of the copyright owner or a person authorized to act on his behalf; (b) identification of the material that is claimed to be infringing; (c) your contact information, including your address, telephone number, and an email; (d) a statement by you that you have a good faith belief that use of the material is not authorized by the copyright owners; and (e) the a statement that the information in the notification is accurate, and, under penalty of perjury you are authorized to act on behalf of the owner.
### Indemnification You agree to indemnify and hold Magnet Labs and its parents, subsidiaries, affiliates, officers, employees, agents, partners and licensors (if any) harmless from any claim or demand, including reasonable attorneys' fees, due to or arising out of your: (a) use of the website; (b) violation of this Agreement or any law or regulation; or (c) violation of any right of a third party.
### No Warranties The website is provided to you "AS IS" and "AS AVAILABLE" and with all faults and defects without warranty of any kind. To the maximum extent permitted under applicable law, Magnet Labs, on its own behalf and on behalf of its affiliates and its and their respective licensors and service providers, expressly disclaims all warranties, whether express, implied, statutory or otherwise, with respect to the website, including all implied warranties of merchantability, fitness for a particular purpose, title and non-infringement, and warranties that may arise out of course of dealing, course of performance, usage or trade practice. Without limitation to the foregoing, Magnet Labs provides no warranty or undertaking, and makes no representation of any kind that the website will meet your requirements, achieve any intended results, be compatible or work with any other software, websites, systems or services, operate without interruption, meet any performance or reliability standards or be error free or that any errors or defects can or will be corrected.
Without limiting the foregoing, neither Magnet Labs nor any Magnet Labs's provider makes any representation or warranty of any kind, express or implied: (i) as to the operation or availability of the website, or the information, content, and materials or products included thereon; (ii) that the website will be uninterrupted or error-free; (iii) as to the accuracy, reliability, or currency of any information or content provided through the website; or (iv) that the website, its servers, the content, or e-mails sent from or on behalf of Magnet Labs are free of viruses, scripts, trojan horses, worms, malware, timebombs or other harmful components.
Some jurisdictions do not allow the exclusion of or limitations on implied warranties or the limitations on the applicable statutory rights of a consumer, so some or all of the above exclusions and limitations may not apply to you.
### Limitation of Liability Notwithstanding any damages that you might incur, the entire liability of Magnet Labs and any of its suppliers under any provision of this Agreement and your exclusive remedy for all of the foregoing shall be limited to the amount actually paid by you for the website.
To the maximum extent permitted by applicable law, in no event shall Magnet Labs or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, but not limited to, damages for loss of profits, for loss of data or other information, for business interruption, for personal injury, for loss of privacy arising out of or in any way related to the use of or inability to use the website, third-party software and/or third-party hardware used with the website, or otherwise in connection with any provision of this Agreement), even if Magnet Labs or any supplier has been advised of the possibility of such damages and even if the remedy fails of its essential purpose.
Some states/jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitation or exclusion may not apply to you.
### Severability If any provision of this Agreement is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.
This Agreement, together with the Privacy Policy and any other legal notices published by Magnet Labs on the Services, shall constitute the entire agreement between you and Magnet Labs concerning the Services. If any provision of this Agreement is deemed invalid by a court of competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of this Agreement, which shall remain in full force and effect. No waiver of any term of this Agreement shall be deemed a further or continuing waiver of such term or any other term, and Magnet Labs’s failure to assert any right or provision under this Agreement shall not constitute a waiver of such right or provision. YOU AND Magnet Labs AGREE THAT ANY CAUSE OF ACTION ARISING OUT OF OR RELATED TO THE SERVICES MUST COMMENCE WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES. OTHERWISE, SUCH CAUSE OF ACTION IS PERMANENTLY BARRED.
### Waiver Except as provided herein, the failure to exercise a right or to require performance of an obligation under this Agreement shall not effect a party's ability to exercise such right or require such performance at any time thereafter nor shall be the waiver of a breach constitute waiver of any subsequent breach.
No failure to exercise, and no delay in exercising, on the part of either party, any right or any power under this Agreement shall operate as a waiver of that right or power. Nor shall any single or partial exercise of any right or power under this Agreement preclude further exercise of that or any other right granted herein. In the event of a conflict between this Agreement and any applicable purchase or other terms, the terms of this Agreement shall govern.
### Amendments to this Agreement Magnet Labs reserves the right, at its sole discretion, to modify or replace this Agreement at any time. If a revision is material we will provide at least 30 days' notice prior to any new terms taking effect. What constitutes a material change will be determined at our sole discretion.
By continuing to access or use our website after any revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, you are no longer authorized to use Magnet Labs.
### Entire Agreement The Agreement constitutes the entire agreement between you and Magnet Labs regarding your use of the website and supersedes all prior and contemporaneous written or oral agreements between you and Magnet Labs.
You may be subject to additional terms and conditions that apply when you use or purchase other Magnet Labs's services, which Magnet Labs will provide to you at the time of such use or purchase.
### Updates to Our Terms We may change our Service and policies, and we may need to make changes to these Terms so that they accurately reflect our Service and policies. Unless otherwise required by law, we will notify you (for example, through our Service) before we make changes to these Terms and give you an opportunity to review them before they go into effect. Then, if you continue to use the Service, you will be bound by the updated Terms. If you do not want to agree to these or any updated Terms, you can delete your account.
### Intellectual Property The website and its entire contents, features and functionality (including but not limited to all information, software, text, displays, images, video and audio, and the design, selection and arrangement thereof), are owned by Magnet Labs, its licensors or other providers of such material and are protected by Singapore and international copyright, trademark, patent, trade secret and other intellectual property or proprietary rights laws. The material may not be copied, modified, reproduced, downloaded or distributed in any way, in whole or in part, without the express prior written permission of Magnet Labs, unless and except as is expressly provided in these Terms & Conditions. Any unauthorized use of the material is prohibited.
### Agreement to Arbitrate This section applies to any dispute EXCEPT IT DOESN’T INCLUDE A DISPUTE RELATING TO CLAIMS FOR INJUNCTIVE OR EQUITABLE RELIEF REGARDING THE ENFORCEMENT OR VALIDITY OF YOUR OR Magnet Labs’s INTELLECTUAL PROPERTY RIGHTS. The term “dispute” means any dispute, action, or other controversy between you and Magnet Labs concerning the Services or this agreement, whether in contract, warranty, tort, statute, regulation, ordinance, or any other legal or equitable basis. “Dispute” will be given the broadest possible meaning allowable under law.
### Notice of Dispute In the event of a dispute, you or Magnet Labs must give the other a Notice of Dispute, which is a written statement that sets forth the name, address, and contact information of the party giving it, the facts giving rise to the dispute, and the relief requested. You must send any Notice of Dispute via email to: . Magnet Labs will send any Notice of Dispute to you by mail to your address if we have it, or otherwise to your email address. You and Magnet Labs will attempt to resolve any dispute through informal negotiation within sixty (60) days from the date the Notice of Dispute is sent. After sixty (60) days, you or Magnet Labs may commence arbitration.
### Binding Arbitration If you and Magnet Labs don’t resolve any dispute by informal negotiation, any other effort to resolve the dispute will be conducted exclusively by binding arbitration as described in this section. You are giving up the right to litigate (or participate in as a party or class member) all disputes in court before a judge or jury. The dispute shall be settled by binding arbitration in accordance with the commercial arbitration rules of the American Arbitration Association. Either party may seek any interim or preliminary injunctive relief from any court of competent jurisdiction, as necessary to protect the party’s rights or property pending the completion of arbitration. Any and all legal, accounting, and other costs, fees, and expenses incurred by the prevailing party shall be borne by the non-prevailing party.
### Submissions and Privacy In the event that you submit or post any ideas, creative suggestions, designs, photographs, information, advertisements, data or proposals, including ideas for new or improved products, services, features, technologies or promotions, you expressly agree that such submissions will automatically be treated as non-confidential and non-proprietary and will become the sole property of Magnet Labs without any compensation or credit to you whatsoever. Magnet Labs and its affiliates shall have no obligations with respect to such submissions or posts and may use the ideas contained in such submissions or posts for any purposes in any medium in perpetuity, including, but not limited to, developing, manufacturing, and marketing products and services using such ideas.
### Promotions Magnet Labs may, from time to time, include contests, promotions, sweepstakes, or other activities (“Promotions”) that require you to submit material or information concerning yourself. Please note that all Promotions may be governed by separate rules that may contain certain eligibility requirements, such as restrictions as to age and geographic location. You are responsible to read all Promotions rules to determine whether or not you are eligible to participate. If you enter any Promotion, you agree to abide by and to comply with all Promotions Rules. Additional terms and conditions may apply to purchases of goods or services on or through the Services, which terms and conditions are made a part of this Agreement by this reference.
### Typographical Errors In the event a product and/or service is listed at an incorrect price or with incorrect information due to typographical error, we shall have the right to refuse or cancel any orders placed for the product and/or service listed at the incorrect price. We shall have the right to refuse or cancel any such order whether or not the order has been confirmed and your credit card charged. If your credit card has already been charged for the purchase and your order is canceled, we shall immediately issue a credit to your credit card account or other payment account in the amount of the charge.
### Miscellaneous If for any reason a court of competent jurisdiction finds any provision or portion of these Terms & Conditions to be unenforceable, the remainder of these Terms & Conditions will continue in full force and effect. Any waiver of any provision of these Terms & Conditions will be effective only if in writing and signed by an authorized representative of Magnet Labs. Magnet Labs will be entitled to injunctive or other equitable relief (without the obligations of posting any bond or surety) in the event of any breach or anticipatory breach by you. Magnet Labs operates and controls the Magnet Labs Service from its offices in Singapore. The Service is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Accordingly, those persons who choose to access the Magnet Labs Service from other locations do so on their own initiative and are solely responsible for compliance with local laws, if and to the extent local laws are applicable. These Terms & Conditions (which include and incorporate the Magnet Labs Privacy Policy) contains the entire understanding, and supersedes all prior understandings, between you and Magnet Labs concerning its subject matter, and cannot be changed or modified by you. The section headings used in this Agreement are for convenience only and will not be given any legal import.
### Disclaimer Magnet Labs is not responsible for any content, code or any other imprecision.
Magnet Labs does not provide warranties or guarantees.
In no event shall Magnet Labs be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents on the Service at any time without prior notice.
The Magnet Labs Service and its contents are provided "as is" and "as available" without any warranty or representations of any kind, whether express or implied. Magnet Labs is a distributor and not a publisher of the content supplied by third parties; as such, Magnet Labs exercises no editorial control over such content and makes no warranty or representation as to the accuracy, reliability or currency of any information, content, service or merchandise provided through or accessible via the Magnet Labs Service. Without limiting the foregoing, Magnet Labs specifically disclaims all warranties and representations in any content transmitted on or in connection with the Magnet Labs Service or on sites that may appear as links on the Magnet Labs Service, or in the products provided as a part of, or otherwise in connection with, the Magnet Labs Service, including without limitation any warranties of merchantability, fitness for a particular purpose or non-infringement of third party rights. No oral advice or written information given by Magnet Labs or any of its affiliates, employees, officers, directors, agents, or the like will create a warranty. Price and availability information is subject to change without notice. Without limiting the foregoing, Magnet Labs does not warrant that the Magnet Labs Service will be uninterrupted, uncorrupted, timely, or error-free.
### Contact Us Don't hesitate to contact us if you have any questions.
* Via Email: # Welcome ### **About Magnet** Magnet is building a Programmable Action Agent platform that allows users to create, share, and use Action Agents. On top of Magnet, we’ve developed Ardio, the first Action Agent that enables users to interact with the blockchain through simple chat. Here are 4 key highlights of our platform: * **Programmable Action Agent** Action Agent offers programmable, upgradeable, and composable AI user interfaces tailored for various crypto scenarios. * **ActionVM** Magnet ActionVM provides an off-chain action execution environment, seamlessly bridging various LLMs with both on-chain smart contracts and off-chain crypto services. * **Creator Hub** Magnet Creator Hub provides a collaborative space where users can build and refine agents or actions with no-code/low-code tools, sharing revenue based on their contributions. * **Agent Router** Magnet Agent Router intelligently connects multiple Action Agents, helping users find the best-matched agent while offering a unified, simple AI interface. Discover more about how Magnet empowers crypto with AI on our homepage: [https://magnetlabs.xyz](https://magnetlabs.xyz/). Stay engaged with Magnet: Follow us on [X](https://twitter.com/magnetaixyz), and join our [Discord](https://discord.com/invite/magnetai) and [Telegram](https://t.me/magnetaixyz) for the latest news and developments. # Incentivized Testnet Phase I ### Purpose MagnetAI Testnet Phase I (referred to as: T1) is the first testnet for MagnetAI, operating on an invite-only whitelist basis. The main focus of this phase includes testing: 1. \[Model Store] MagnetAI LLM Infrastructure 2. \[Model Store] Knowledge-base Embedding System 3. \[Model Economy] Tokenize Contract 4. \[Model Economy] Token Mint Contract 5. \[Model Economy] Chat2Earn Contract T1 participants will be able to receive our newly introduced Magnet Points and gain eligibility for future $MAG token airdrops. Additionally, we will cover all transaction fees (excluding platform fees) for all T1 users when interacting with our platform. Read more about our testnet rewards below. ### Rules #### 1. Overall T1 will be open for everyone to browse, but only whitelisted users will have permission to create and interact with agents. All transactions will be recorded on Base Mainnet. We’ll monitor and track user activity, with feedback on bugs and product issues being communicated directly to the MagnetAI engineering and product teams via Discord. T1 will kick off on **Aug 23rd 12am UTC time and run for 4 weeks**. During this period, we’ll gradually expand the test pool with the goal of involving around 200 participants. #### 2. Whitelist All users who sign up for early access will receive an invitation to apply for T1. Just fill out a short form, and we’ll select 25 participants from the submissions. These members will be invited to test the features listed below. Each week, we will double the number of the whitelisted users, aiming to have 200 T1 users by week 4. #### 3. T1 Features
### Rewards T1 will distribute **multiple cash prizes and Magnet Points** redeemable for future $MAG token airdrops. T1 will come with some amazing rewards for early users who are eager to explore our innovative platform and all its beautiful features. Get ready for a journey packed with user incentives: * Collect your first Magnet Points for future reward distributions * Receive Cash Back on all tx fees(excluding platform fees) for risk free testing * Win amazing cash prizes during our 4-week testnet. * Automatic eligibility for Phase II of our testnet roadmap * Special Discord Role and designated Channel for test users Magnet Points are a new concept introduced with the launch of our testnet and will help us to understand and measure user contribution to the MagnetAI Ecosystem. Also, Magnet Points will define the proportion of future reward distribution and can be acquired via different activities. All activities for T1 are listed below. Each week, we will publish the previous week’s Magnet Points board and calculate the specific USD rewards based on the following tables: #### 1. Product Magnet Points
#### 2. Social Magnet Points

# Creator # Login The first phase of the incentive testnet is by invitation only, and you must apply for the whitelist to have a chance to participate. ## How to Get Involved 🚀 **Join the Whitelist:** Apply for early access by filling out this [Form](https://docs.google.com/forms/d/e/1FAIpQLSclZTNAA18FHy36rW3huckQiIpIvqbTB59YwoSYXwcKVyIZlg/viewform). We’ll select 25 participants to kick off the testnet, expanding weekly to 200 users. ## Supported Wallet {% hint style="warning" %} Be aware of conflicts with other installed EVM plugin wallets. Ensure that the plugin wallet has an active account. {% endhint %} [Metamask](https://microsoftedge.microsoft.com/addons/detail/metamask/ejbalbakoplchlghecdalmeeeajnimhm) [OKex](https://microsoftedge.microsoft.com/addons/detail/%E6%AC%A7%E6%98%93-web3-%E9%92%B1%E5%8C%85/pbpjkcldjiffchgbbndmhojiacbgflha) ## Supported Chain Base Mainnet ## Login Click '**Log In**' in the left-side menu, select MetaMask wallet on the pop-up page, and sign in.
If you successfully apply for whitelist, a successful login will be indicated by the address being displayed on the screen as shown below.
The following screen indicates that you are currently not a whitelist user. You can click '**Apply**' to submit your application.
# Create Agent Create your own customized Agent and set a price to earn for every Agent response. Click 'Create Agent' to enter the [Create Agent Page](https://test.withmagnet.ai/create_agent)
* Upload the Agent's avatar, which should be under 1MB in size. This is optional.
* Enter the Agent's name.
* Enter the Agent Handle, which must be unique.
* Enter the Bio,describe what your bot does and what people can expect from it.
* Select base model
* Input Prompt\*，e.g. You are the DogBot. You will try to respond to the user's questions, but you'll also want to play
* Upload Knowledge base
* Input Greeting message
* Set a price(Per 1000 messages) for earning every agent response. $0.009 is the model network fee
{% hint style="info" %} In the first phase of the incentive testnet, all revenue generated by Agent responses will be collected by the official team and distributed after the test is completed. Proofs of work for all Agents will be reported to the Base Mainnet every 10 minutes. {% endhint %} After completing the above settings, click **Create Agent** to initiate a transaction via MetaMask for creating the agent. Confirm the transaction and wait for it to be confirmed. Once the transaction is successful, a pop-up will appear, indicating that the agent has been created successfully. {% hint style="info" %} It takes about 1 minute for the transaction to successfully go on-chain. Please be patient while waiting. {% endhint %}
# Tokenize Agent Allows creators to tokenize their AI products, facilitating fractional ownership and benefits such as revenue sharing with "Model tokens." ## Tokenize operation entry * Option one : After you have created the agent, click "Tokenize Agent" in this popup to enter the Tokenize interface
* Option two : On the homepage, click on "My Agents," then click on "Created Agent" to view all the agents you have created. From there, click on "Tokenize my agent" to enter the Tokenize interface
## Tokenize agent * Token name,input a name of your token
* Token symbol,input your name of your token
* Supply,Total supply needs be a multiple of 100k. We recommend setting it between 20 million and 1 quadrillion
* Minting Start time
* Total funding,MagnetAI will charge a 5% platform fee, and the final raised fund will be 95% of the entered price
* Chat2Earn Ratio,Should between 0 to 99%. Tokens in minting and token's price will be adjusted
* Before the end of Drop time, users who have a paid chat history and have followed the Agent can receive Chat2Earn, one Drop Time equals 30 minutes
Set and verify the required parameters, then click "Create Token" to trigger MetaMask and send the transaction for creating the token. Once the transaction is confirmed, the following interface will appear, indicating that the token has been successfully created {% hint style="info" %} It takes about 1 minute for the transaction to successfully go on-chain. Please be patient while waiting. {% endhint %}
# Get Fund Click on the '**My Agents**' menu, then go to '**Created Tokens**' to view the list of Tokens with the status '**Completed**'. Once the Token status is '**Completed**,' it means that all Tokens have been fully minted by users. The Token creator can then execute '**Get fund**' to receive the total amount of ETH raised.
# Revenue Sharing Comming soon... # Customer # Chat and Pay for message ## Chat Choose any Agent you like to chat with. Each account has 5 free chats per day.
## Pay for message Each account has 5 free chats per day.Only after having a paid chat with any agent offering an airdrop will you receive a proportional airdrop. {% hint style="warning" %} Note: To be eligible for the airdrop, the paid chat must occur before the end of Drop time. Click on '**Chat2Earn**' in the upper right corner to check the status. A '**pending**' status means that the current paid chat is eligible for an airdrop, while a '**dropping**' status indicates that the agent is currently conducting an airdrop and new participants will not receive the airdrop. {% endhint %}
Click '**Buy more**' to enter the '**Pay for message**' page. The page will display the price per message and allow you to enter the number of chat messages you want to purchase. Click '**Pay**' to authorize USDC and pay the total amount in USDC. Please ensure that your account has sufficient USDC and some ETH for gas fees.
{% hint style="warning" %} Note: Before the end of this incentive testnet, if users have not used all their chat messages, the official will refund the unused portion of the USDC. {% endhint %}
# Mint Click on the '**Explore**' menu, select '**Tokens**,' and choose the Token you want to mint from the '**In progress**' list.
Mint by setting the price and quantity. For example, 1,000 $PaLM Tokens are priced at 0.000002 ETH.
The green section in the image below represents the quantity and percentage of Tokens minted in previous slots. The yellow section indicates the quantity and percentage of Tokens minted in the current slot. During the final round of the delay slot, users can participate in bidding by increasing their bid prices to win the last round of the auction. Users who do not win the auction will receive an automatic refund.
# Claim Click on the '**My Tokens**' menu, select '**My Tokens**,' and in the '**Completed**' list, choose the corresponding Token and click '**Earn revenue**'. Then, click '**Claim**'.
The image shows that the claim was successful.
Import the Token contract address into your MetaMask wallet to verify if the claim was successful, or check using a blockchain explorer.
# Chat2Earn Chat2Earn has 3 conditions to qualify for the Agent Token airdrop * Follow the Agent * Pay to chat * The paid chat must occur before the end of Drop time {% hint style="success" %} The airdrop quantity is evenly distributed among the paid chat messages. {% endhint %} Click on '**Chat2Earn**' in the upper right corner
Click '**Follow**' and the click '**Earn Tokens**'
Click '**Import this Token**',import it to your wallet