How does staking work?
For any action, you can specify an amount that completion of that action is worth. Based on your goal and action criteria, we will calculate the number of times that action will need to be completed between now and the end of your goal. From this we calculate the total amount at stake. This total amount will be immediately deducted from your bank account.
How do I earn my money back?
Each time you report successful completion and progress towards your goal through your TODO list, you earn the specified amount back. If you complete all actions required during your goal period then you receive the full amount back.
When and how do I receive my money back?
At the end of your goal the amount you have earned back will be transferred back to the account we received it from within 5 working days.
How do I make a Commitment Contract (Stake)?
Create an account, login, and click the “Create Goal” button located on the dashboard. During the Goal creation process, you will have the opportunity to fully customize a commitment. Choose a start and end date, add a referee, put money on the line (Stakes), it’s all up to you!
Can I change/or cancel my commitment contact (stake)?
The very nature of a commitment contract means that there are only some details that you will be able to change after you’ve created your commitment contract. After you have created your commitment, you will be able to add a referee to your commitment. All other details of your contract cannot be changed.
Remember that a commitment contracts is binding and that you must stick to the goal you set. For this reason, please make sure that you have the ability to fulfill your commitment before creating it. Contact us directly if an error occurred during the commitment creation process.
What is the reporting period for my goals?
You have three days from the due date of your actions to report them as complete. Due dates and reporting periods are at midnight at the end of the due date. For Example, if the due date is 10th May. You have until the last second in the 10th of May to complete your report.
How do I report?
To submit a report, navigate to your “TODO” list. There you will see a list of the currently due actions (including those that fall within the 3 day grace period). Clicking on any due item will allow you to report that you have either succeeding in meeting your goal or failed.
What if I can’t report on the day my report is due?
Don’t worry! Each reporting period provides an additional 3 day grace period to report. If you are unable to report by midnight on your reporting day, your grace period will begin and you can report on your due items as normal within the 3 day grace period.
What constitutes an unsuccessful report?
Any of the following results in an unsuccessful report:
(a) You report that you have not kept your commitment; or
(b) The Referee that you designated reports that you have not kept your commitment; or
(c) You fail to submit your report within the 3 day window from the due date
What happens if I am unsuccessful?
If you have placed a stake, the amount a successful report was worth will be deducted from the amount that you can still earn back by the end of your goal date.
You can view the results of each reporting period on your commitment contract details page.
How do I submit an accountability partner report?
How long do I have to report?
Accountability partners are given a seven day grace period from the due date of the action or goal to complete their reports.