By Jeremy G
This is an article excerpt from our March 11, Weekly Update, which you can read in its entirety here : March 11 Weekly Update
We’re going to give the community a peek into some Supernode Candidates. Your vote matters a lot, and we’d like to emphasize that while we are trying to provide accurate materials, much of this information is subject to change depending on each supernode. We will continue reporting on the Supernode Candidates for next week, but we encourage our readers to be proactive about researching who you are voting for and who may control our consensus; a high voter reward may not always be the best choice.
This is supernode group formed by dedicated members of the Cyber Republic, members like Michael S., Chris Mac, Chinicci, Dexter, and KenNinja who are well-known throughout the community. What started as five members quickly grew into twelve because, “with a few more heads put together, we found that we could build something really great.” The aim is to run three Supernodes (SN) with a very fair reward distribution that’s primary purpose is to contribute to the ecosystem in a sustainable way.
The three SN’s will be named Callisto, Ganymede, and Titan, after the biggest moons in the Solar System, and each node would be run in a different continent as the team is composed of members from several countries: U.S.A., Morocco, New Zealand, England, Germany, and Belgium.
In terms of developing a script to streamline the payouts to team members and potential voters, there are experienced coders and programmers in the pool that will take care of this code and ensure that it’s 100% done through smart contracts and scripts. No exact numbers have been officially released for voter rewards yet.
Also, prominent CR member Michael S. has a personal Supernode he’s hoping to run from his hometown in Houston, Texas, and he looks forward to contributing to the DPoS Consensus.
DPoS Node Rights Alliance
This group formed in China was featured in detail in the last two Weekly Updates.
Their Wechat group is called League_of_Elastos. They are recruiting 36 node candidates and others as voters. More members will secure some (or all) candidates to be the stand-by nodes. If any of the candidates are elected as active nodes, the profit shared among each member will be significantly increased. Their members include two types, Node Committee Members (NCMs) and Voting Members (VMs). There are 36 NCMs that will lock up 5,000 to participate in the Elections. VMs place their votes toward the 36 NCMs.
If any NCM is elected, the profit minus the running costs is distributed to members at a weight of 2 for NCMs and 1 for VMs. The Alliance is stated to be a non-profit organization. They seek to provide a way for token holders to benefit directly from DPoS Node Elections and prevent the collusion of whales. Essentially, the goal is for all possible profits to be distributed to voters.
European Supernode Pool
Based in Italy, all 10 members met in the Elastos Italy group. The Supernode will be run by one of the team members, and when asked what their strategy will be for divvying up rewards to voters, team member Damiano explained: “Our pool has 10 participants, all with different quotas. Therefore, every decision will be divided according to the percentage of entry. Our strategy will vary a lot. The focal point will always be to reward voters in the most appropriate way possible.”
In terms of whether they are working on a script, too, they are hoping that an open source solution that the whole community can use will become available. Damiano manages several groups with around 20k members and is the admin of Elastos Italia. He is confident he can promote his supernode effectively, especially as his group prioritizes transparency and communication with the community.
The Wild Strawberries Node
This is a diversified group of 10 members looking to run two nodes in the U.S.A. Their other members are from France, the United Kingdom, and Canada. In terms of rewards, the team has stated they will be giving out the best payouts possible in order to stay competitive with the rest of the pools (Preliminary numbers are 80% rewards to voters and 20% rewards to team members).
The team is also looking for an open source solution for scripting. The team is developing a thorough Google Doc of their mission statement, and they will be creating a website along with various social media outlets to spread the word about their pool. They sum up their values in 5 words: Empathy (genuine human interaction), Grit (results come from mistakes) , Patience (because fast and good don’t coexist in perfection), Wild Actions (actions are better than words) and Fun (life is a game). The team is excited to participate in the DPoS Consensus Node Elections.
TI’s ELA News Supernode
The community’s very own Telegram administrator “T.I.” is also looking to run his own Supernode. He will run the Supernode on a cloud service system like AWS. If you didn’t know, T.I. is the sole contributor to the ELA News website and is very passionate about dedicating his time to the community.
T.I. says this about rewards: “ELA News has been run and maintained solely by myself without any funding. I wish to expand ELA News with more content through funding from the supernode rewards as I do not have so much time on my hands. However, I hope to distribute rewards according to market expenses, or perhaps slightly under that to cover running the node and expanding ELA News at the same time. ELA News has a dedicated readership, and I hope readers will support my vision”.
He also hopes there will be an open source script that all community members can use for distributing rewards to voters. He will have a dedicated page on ELA News for DPoS, and his Supernode will be marketed through the ELA News Twitter account. T.I. has these final words, “I hope for ELA News to be the best resource for the community to be kept abreast of everything Elastos. Make sure to follow us on our Twitter page : twitter.com/elanewsnet and continue reading elanews.net. Sincerely, T.I.”
Another prominent community member looking to run a Participant Supernode is none other than Brian from the DMA project. He and his team are very excited to participate in order to maintain proper and reliable Consensus throughout the Ecosystem. He shares his thought process in hosting a node and what their prerogative will be for the community: “As the Supernode election is nearing, myself and the team were thinking about whether or not we need to participate, and how we would go about doing this. This is clearly a very important step for the Elastos infrastructure and community, so we decided to have an internal discussion of the qualifications needed to run an elected Supernode.
“We feel it is very important to have the technical background or have very strong tech support. It looks like the hardware requirement isn’t too complicated, but the quality of service is very important to keep the node up and running at a good level. My team members feel they are more than capable of doing it because they are working on our cloud services anyway, and are able to quickly monitor and fix problems in a timely manner. This convinced me that maybe we could, in fact, run one with confidence.
“We don’t want to just run the elected node and profit by ourselves. It must be shareable. So the plan is simple and direct: Share the earnings with all contributors on a regular basis. To make the sharing completely fair, we can write the script to put the incentive plan in the code, and have people put their trust in the code, not the human. We also need to create some tools to let each contributor view the data easily. The incentive model can be designed based on multiple factors. Since we are the team that built DMA, we have a very strong technical background to build such a script and run it in a fair condition. Otherwise, we will not only lose the node, but also lose the reputation of one of the important ecosystem contributors. Last but not least, the node service should be expandable. We can put more add-value services on to the servers behind the node. For example, there might be a personal cloud disk service, DMA-powered extended business-stub service, etc. It can be continuously working along the basic node service the team can offer. All these services can be hosted by any elected node if they want. The earnings can be combined with the basic node service income. Thus, the earning of running such value-added services will be the additional share to the node supporters and contributors.
“Of course, the profit share program will be placed in the code. This is the way to bring in more services around the node and let the ecosystem application grow, letting every supporter benefit from such economic growth. I’d like share these thoughts with community. I believe this can also be the points for other participants to consider.”
The team will be reaching out to the community through all the proper social media outlets along with potentially creating a website for his group’s candidacy. If interested, they invite community members to join their node. You can reach the team at email@example.com.
We all thank Brian for his continued efforts with the ever expanding DMA project and wish him luck in the election process.
Thanks to all the Supernode candidates that took time to speak with the Cyber Republic Weekly Newsletter. We are actively seeking information on other Supernode Candidates, so look out for next week’s edition. Any Supernode Candidates that would like to be profiled can contact @espiritdecorps912 on Telegram, or by email at firstname.lastname@example.org to share information about your Supernode Candidacy.
Happy voting, Cyber Republicans!
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