StackOS Announces Node NFT Program Within an Initial 587% APY to Incentivize Early Users


StackOS, the decentralized cloud computing protocol, recently announced its visionary node program which is truly unlike any other. The unstoppable cross-chain cloud computing protocol that allows users to deploy full-stack applications, decentralized apps (dApps), blockchain privatenets, and mainnet nodes, found a way to combine two of the hottest crypto topics: NFTs and DeCloud.

The Node NFT Innovation

NFTs have been the talk of the town for a while now in the crypto world. Their use cases are expanding from being digital collectible art to a crucial part of DeFi. But StackOS has conjured up an innovation that allows them to use NFTs to propel the cause of decentralization further into the mainstream. 

Nodes are an integral part of decentralization. They allow individuals to participate in decentralization and make it more powerful. But so far, in most projects, launching nodes has been a huge task that usually requires certain technical ability and a fair amount of capital. With the StackOS Node NFTs, all you need is $200 and a computer with an internet connection.

Anyone can now mint a Node NFT and immediately be a part of their decentralization network without any technical knowledge. A Node NFT will allow you to create a slot for a node that a cluster operator can use. 

The way StackOS operates is that there are multiple cluster operators around the world. A cluster operator is the one who runs a group of nodes that powers the decentralized cloud. Before this, a cluster operator could launch nodes by providing resources and locking up STACK tokens. But now, for a cluster operator to add a new node to their cluster, they need the Node NFTs to provide a slot and for this, the NFTs have to be minted by the community.

This makes it very easy for an individual to participate in the network’s decentralization, because of the number of Node Slots and Node Authorities. In the StackOS ecosystem, Node Authority is an individual who has rights on the network governance. An individual can be a Node Authority if they hold more tokens than the ratio of total tokens circulation and a number of Node Slots. But one might wonder about the incentives for minting a Node NFT apart from being a part of the network’s decentralization process.

Node NFT Rewards Have Been Announced

There will be multiple generations of Node NFTs available with each generation only having a limited amount of mints available. For every Node NFT someone mints, they will receive 50% of the trading fees of future generations NFT trades in ETH & MATIC. So, the earlier someone gets in, the more they can earn in rewards. Not to mention, the NFTs intrinsic value also grows as more are minted and traded.

If these rewards aren’t attractive enough, StackOS also offers a high APY program. In this program, you pay a fee of $100 in stablecoins every month per Node NFT and unlock an APY of 587%. Upon payment, users instantly receive $100 in $STACK which is available to withdraw without penalty in 3-months, and the additional rewards worth $80 are locked within the NFT. These will drip daily over a one-year time period. Additionally, users also receive 10% of the minting fee of every new Node NFTs along with 50% of the trading fee of future trades in ETH and MATIC as mentioned earlier. 

The innovation here to note is that the locked $STACK on the NFT and the monthly earnings by the NFT, increase the intrinsic value of the NFT, which can be traded at a much higher cost than the minting fee. Now, even the locked tokens are liquid and can be traded.

All these rewards make this Node NFT program very interesting. Easy participation, low capital, and high rewards – a great model for incentivizing network participation. The dates are not confirmed but the StackOS team intends to launch the Node NFTs by the end of the year, providing its community with a unique and powerful holiday gift – the gift of decentralization.
Image Sourced from LaunchTeam

Credit: Source link

Leave A Reply

Your email address will not be published.