Reward Upgrade of Full Node Incentive Program


  • Reward

    b833d2ee-40da-4f12-a7d4-2f4279941a50-image.png
    Hello Vite Fans!

    We truly appreciate your trust in Vite Labs and contribution to our community!

    Now over 700 full-node operators have participated in Vite TestNet since we launched the first round of SBP Ecosystem Incentive Plan, simultaneously there are over 500 full-node operators in a stable status, which boosts the strength and tenacity of Vite Ecosystem.

    We want more full-node operators to join in Vite Labs and build a much broader consensus together. Therefore Vite Labs decides to increase the rewards for full-node operators on Vite TestNet.

    The former incentive plan:

    All rewards mined by the 5 official SBPs will distribute to the community with 30% of those rewards sending to full-node operators, base amount around 5,000 VITE per day.

    Since it had accumulated 92,000 VITE on Vite TestNet after Vite Labs running its 5 SBP (Snapshot Blocks Producers), Vite Labs is currently distributing to full-node operators at the increase of 40% comparing to the base amount. ( i.e. 5000 VITE x 1.4 = 7000 VITE)

    The previously accumulated rewards have been distributing to full-node operators from Dec. 13, 2018, and will last until Jan. 22, 2019. However, It is set to recover to the base amount after finishing these distributions.

    Upgraded incentive plan:

    Vite Labs is going to distribute rewards by double the percentage (30%) of all rewards mined by the 5 official SBPs, which means 30% x 2 = 60% or 5,000 VITE x 2 = 10,000 VITE.

    To make up the additional 30% of rewards, Vite Labs is going to deduct from the previously accumulated rewards and then the planned amount for airdrops and marketing.

    Rewards will upgrade on 12:13 (UTC+8) Jan. 18, 2019.

    Tips:

    1. Currently, the daily base amount is around 5,000 VITE, and the exact amount shall calculate in accordance with the mining of Snapshot Blocks Producers.
    2. Rewards will adjust accordingly in the stage of Vite TestNet. Please stay tuned on Vite Forum. (forum.vite.net)


  • @Choeriswangqiji said in Reward Upgrade of Full Node Incentive Program:

    b833d2ee-40da-4f12-a7d4-2f4279941a50-image.png
    Hello Vite Fans!

    We truly appreciate your trust in Vite Labs and contribution to our community!

    Now over 700 full-node operators have participated in Vite TestNet since we launched the first round of SBP Ecosystem Incentive Plan, simultaneously there are over 500 full-node operators in a stable status, which boosts the strength and tenacity of Vite Ecosystem.

    We want more full-node operators to join in Vite Labs and build a much broader consensus together. Therefore Vite Labs decides to increase the rewards for full-node operators on Vite TestNet.

    The former incentive plan:

    All rewards mined by the 5 official SBPs will distribute to the community with 30% of those rewards sending to full-node operators, base amount around 5,000 VITE per day.

    Since it had accumulated 92,000 VITE on Vite TestNet after Vite Labs running its 5 SBP (Snapshot Blocks Producers), Vite Labs is currently distributing to full-node operators at the increase of 40% comparing to the base amount. ( i.e. 5000 VITE x 1.4 = 7000 VITE)

    The previously accumulated rewards have been distributing to full-node operators from Dec. 13, 2018, and will last until Jan. 22, 2019. However, It is set to recover to the base amount after finishing these distributions.

    Upgraded incentive plan:

    Vite Labs is going to distribute rewards by double the percentage (30%) of all rewards mined by the 5 official SBPs, which means 30% x 2 = 60% or 5,000 VITE x 2 = 10,000 VITE.

    To make up the additional 30% of rewards, Vite Labs is going to deduct from the previously accumulated rewards and then the planned amount for airdrops and marketing.

    Rewards will upgrade on 12:13 (UTC+8) Jan. 18, 2019.

    Tips:

    1. Currently, the daily base amount is around 5,000 VITE, and the exact amount shall calculate in accordance with the mining of Snapshot Blocks Producers.
    2. Rewards will adjust accordingly in the stage of Vite TestNet. Please stay tuned on Vite Forum. (forum.vite.net)


  • How much vite to contribute to be eligible for full node


  • SBP Reward

    @Evacla60 0. You don't require any Vite in order to run a Vite full node.



  • @Choeriswangqiji
    So does that mean that the airdrop amount will decrease?


  • Reward

    @crypthusiast0 It will increase isnt it?



  • How much will the full nodes get per day, assuming 100% Uptime


  • SBP Reward

    @crypthusiast0 It depends on how much full nodes there are. Recently it's been ranging anywhere from around 19 to 25 Vite daily. But the rewards for today might be higher, not too sure. Noticed 600-700 full nodes yesterday but only around 5xx today.


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