Reward Structure
Node Operators
Onboarding
Operators of nodes have to stake a fixed amount of tokens to act a a collateral against their service level obligations.
Rewards
Each node will be allocated a maximum number of tokens each month from the treasury to provide a service level to the network. As the number of nodes increases, the maximum amount of tokens allocated to each node will reduce proportionately to the increase in the number of nodes. This is intended to reward the earlier network participants for their support and to ensure that the rewards for each node remain viable. (Similar to block mining rewards in Bitcoin)
Reward Airdrop
The treasury will make the the token airdrops to the node wallet simultaneously with the collection of data. Each node will be have its own wallet to receive the token airdrops. If no data is received from the node, the node will not receive the corresponding airdrop of tokens.
Service Level
If a Node does not maintain its agreed service level to the network according to the service level agreement, the staked tokens will be confiscated and burned. (Also Data Quality score)
Member Get Member Program
Tier Bonus Program
For node operators that have 3 or more nodes, we will offer packages. Cluster and Enterprise packages will have the the additional benefits of:
additional logins to the mobile app
a bonus on the monthly token allocation
Token Holders
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