Global Node Support Program
In order to help communities around the world to further expand their influence, the DAO organization meeting decided to give up the original 1,739.61 million COD and launch a global node program on June 1, in order to promote COD value pull up, the number of COD-holding address growth, ecological construction and allow all participants to gain from it.
DAO’s 1.73961 billion locked COD tokens will be unlocked and put into the node pool, 50% of the node funds will buy back COD for dividend incentive, and the remaining unallocated COD tokens will flow back to the node pool, as the node pool is growing, the supporting period will be decided according to the number of remaining COD tokens in the node pool when the number of COD tokens in the node pool is 0, the node plan will also be terminated.
10% of the node funds during the period will be put into the insurance pool as the final liquidation fund for the end of the node plan.
The Details
Support Funds
1.8 billion COD tokens from DAO Dividends
50% of the whole network COD dividends reinject to the node pool
10% of the Node into the insurance pool
The daily output of 6.64 million DCT Tokens
Start time
June 9th, 2022
Each 6.44 million COD tokens will be divided by the effective hashrate of the whole network on average.
How to Participate?
Users can participate through our website, and each share of nodes is worth 300 USDT.
Becoming a node can get 2~8 times hash rate randomly and enter queuing.
The queuing mechanism uses the Turing Intelligence algorithm, after the queuing, then users become an effective hash rate.
The revenue of node distribution is settled at 0:00 daily, and the amount of coins is allocated proportionally according to the node gear.
Early Participants Welfare
The global community can purchase 1 node per address for a fixed 4x hash rate from June 1~June 8.
Capacity expansion mechanism
Each new node can get 10% of the hash rate capacity expansion by inviting a new node.
For example,
if A has 2000Tib hash rate and then invites users to buy nodes to get 2 times the hash rate of 600Tib, you can enjoy 10% of the expansion bonus of 600Tib hash rate (60Tib hash rate); but if A only has 300Tib hash rate, even if you invite users with 600Tib hash rate, you can only enjoy 10% of the expansion bonus of 300Tib hash rate (30Tib hash rate).
Acceleration mechanism
Every time you invite a new node, you can get 10% of the acceleration benefit.
For example,
If A has 3000Tib hash rate, and then invites users to buy nodes to get 3 times the hash rate, i.e. 1500Tib, you can enjoy 10% of the acceleration benefit of 1500Tib hash rate; but if A has 500Tib hash rate, even if you invite users to buy nodes to get 2 times the hash rate, i.e. 1000Tib hash rate, you can only enjoy 10% of the acceleration benefit of 500Tib hash rate. Acceleration gain, if you want to enjoy the acceleration gain without loss, ensure that their own hash rate is greater than the lower node hash rate.
Promotion Mechanism
In order to further achieve precise support and promote node activity, on the basis of individual nodes, the DAO organization has developed a supernode program (promotion mechanism).
Note:
Team performance of USDT is calculated cumulatively, and all the unallocated COD of the promotion mechanism will flow back into the node pool.
Assuming that A owns 1% of the network-wide arithmetic, A becomes a primary node, and in addition to the 10% acceleration of referral rewards, A also gets 20% of the network-wide node dividend every day; and at the same time can enjoy 5% of all new team performance.
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