Announcement: Upgrade of Full Node Reward
Oleg last edited by Oleg
In order to attract VITE holders to run full nodes, and further improve the number of full nodes and the robustness of Vite network, we will upgrade the full node reward system, and modify the model to run full nodes.
January 7, 2020 (HK time)
- Users who run full nodes and stake at least 10,000 VITE will receive two type of rewards: uptime rewards and voting rewards
- Users who run a full node without staking at least 10,000 VITE will no longer receive rewards
The rewards will be calculated as follows:
*mFor example, users who run 10 nodes and stake 50,000 VITE will receive rewards of 5 full nodes and rewards of voting 50,000 VITE.
- For example, users who run 10 full nodes and stake 200,000 VITE will receive rewards of 10 full nodes and rewards of voting 200,000 VITE.
Staking steps: Open https://x.vite.net, select the third tab on the left, and click on the full node page above to stake VITE (to go live on January 7).
Staking description: The staked VITE will be deposited into the smart contract and will automatically vote for the official SBP Vite_SBP03. The voting income will be automatically distributed to the source staking address on a daily basis with a 100% distribution rate.
ViteX Official: https://vitex.net/
Vite Forum: https://forum.vite.net