Socialization of Lunes nodes
Meet the policy that will be implemented with the goal of balancing the Lunes network and encouraging the creation of new nodes.
Lunes’s investment policy through the leasing of their own coins
(AKA: Socialization of Lunes nodes)
Idea: In order to balance the network, to reduce the disparity between the nodes share, every 7 days a robot (script) developed by Lunes would identify the node with the largest share and apply (Leasing) the LNS of the Reserve Fund, in order to balance the network.
Example: My node has 50% Share and two others have 18% each. (the other nodes have less than 10%). This difference makes the node with 50% Share have a greater mining power and, with this, will forge more blocks.
A large node forges many blocks every day, but as there are many users, you will only receive a small percentage. A smaller node forges a few blocks a day (or even a few per week), but as there are only a few users, you’ll get a much larger slice of the rewards from the block.
Due to the difference in share, the smaller ones would be discouraged from maintaining it, since the one of 50% has a greater probability if compared to the other nodes of the network to confirm the transactions and to forge the next block. Then, in an automated way, we would distribute our coins from the reserve fund to promote a lease in which we limit the share of the largest node to up to 30%, until at least the chosen application time.
Application time: 12 months.
Objective: To stabilize the Lunes network in a healthy way.
How to achieve the objective: Acting on two distinct fronts: 1) Reducing the difference of share between nodes, “injecting” LNS (from the Reserve Fund) in the market, through leasing to other nodes; and, 2) Making an angel leasing to increase the number of nodes in the network. So uploading a node would become more attractive, so it would catch the attention of more people to raise their nodes.
Definitions:
- The network can not have a node with more than 30% (ideal 25%) share of the coins.
- Lunes reserves the right to balance the network accordingly.
- Nodes with at least 1000 LNS will have an angel leasing of up to 10,000 LNS from Lunes.
Milestones of the Execution of the Policy:
- DAY 00 — End of ICO
- DAY 15 — End of LNS distribution to users
- DAY 30 — Start the implementation of the policy
- DAY 45 — Leasing function available at Wallet Mobile.
Positive points:
- Stimulates the creation of new nodes.
- Stabilizes the Lunes network.
FAQ:
Q: What are my chances of forging a block on Lunes network?
A: Your chance to forge a block depends only of your balance: the more LNS you have, the greater your chance to forge the next block will be. Your real chance is calculated as follows:
My generation balance ÷ Total of all balances generators.
You may wonder what the balance generated is. Below is a quick list of different terms for balances:
- Regular Balance: Your normal LNS balance
- Effective Balance: Regular Balance + Leasing Received — Leased Out
- Balance Generated: Effective balance with received and canceled leasings after 1000 blocks. This amount is used to forge.
Q: Would this policy increase or reduce the cost of maintaining a vps? Dow the amount of coins the node has impacts on its minimum requirements?
A: No. What weighs on VPS is the processing of simultaneous transactions and connections. The prerequisites for the Lunes node, are 4GB of RAM and 2 vCPUs minimum. As long as the person is having incomes in their currencies, he can invest more in the VPS.
Q: Can I raise 50% of LNS on my own node and the other 50% on leasing?
A: Yes. You are free for any combination.
Q: Can I upload a node with no currency?
A: Yes. It will only start to generate lease profits when it has 5k of coins in the node’s address. With the policy, if you put at least 1,000 LNS, we will carry out an angel leasing so then you can get 10,000 LNS.
Q: Can I lend to myself?
A: Yes! I have 50k of coins, I upload my node without any and I lease it.
Q: The node goes up without coins and you are the one who leases it? It will not work until it reaches the condition of at least 5k LNS?
A: Yes! It will only be active (generate $$$) when you have 5001 coins.
Q: Do the first 5k LNS have to be mine?
A: No.
Q: So, if I raise a node, it would already be available in the list, and if someone lease to it, I would already be getting rewarded with it, even thought the coins are not mine. Is that right?
A: Yes! Reaching the initial 5000 LNS, he already forges blocks.
Q: How much of Lunes will I earn by doing leasing?
A: As an investor, up to 5% pa .; As Owner of the node, the transaction fee held on your node.
Q: Who will pay me the lease? Is the process of paying the node for the leasers automatic?
A: Each node will implement its own distribution policy. Usually the distribution is done weekly, while others are done every 15 days. Analyze the policy of the node before leasing your LNS.
Q: Will it have a cheaper form of mass payment, so that nodes who want to reward their leasers spend no more on fees than on distribution of profits?
A: The nodes usually do the distribution by balancing LNS and their own tokens.
Do not forget that we are in ICO yet, you can buy our token for $ 0.08 each, with a 20% bonus. For those who do not know how to join the biggest blockchain project in Latin America, click the link below: https://medium.com/@lunes.platform/ico-how-to-buy-lunes-tokens-857e402d4926
Read our whitepaper: https://lunes.io/pdf/Lunes-Whitepaper-en.pdf
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