NODY PROJECT HIGHLIGHTS

3 min readJun 20, 2022

INTRODUCTION

DAOs enabled by blockchain-powered smart contracts, are decentralized, member-controlled organizations governed by computer encoded rules. Currently, there are two DAO membership models which incorporates token-based membership and share-based membership. While tokens and shares were originally the most forms of voting rights, today variety of DAO voting mechanisms have been proposed to ensure that voting and governance remain decentralized to encourage the community members for participating in the decision making process. While on another side, staking may be a concept where many crypto currencies verify their transactions and allows participants to earn rewards on their holdings. It involves committing the crypto assets to support a blockchain network and ensure transactions. Staking could also be a great way to use the crypto to generate passive income especially because some crypto currencies offer high interest rates for staking. Whenever a block is added to the blockchain, new crypto currency coins are minted and distributed as staking rewards thereto block’s validator. In most cases, the rewards are the identical type of crypto currency that participants are staking. However, some blockchains use a special type of crypto currency for rewards.

Nody project is a new Web3 Solution designed to distribute node infrastructure with effortless dApps creation and integration. Decentralized don’t rely on a centralized backend that power traditional web and mobile applications which are costly along with hard to process. Nody facilitate DApp developers in integrating and developing their products without launching their own nodes and hence costly, lengthy, and time-consuming job is to be made during a simpler and automatic way. Nody services are providing instantly deployment and access via a fanatical and user-friendly admin panel which support multiple blockchains.

MAIN FEATURES

Main features of Nody includes the Distributed and reliable infrastructure, one-click deployment, and management, Effortless dApps creation and integration, Remote node launch and access and Automatic nodes deployment and management enumerated below:

1. The powerful web 3.0 infrastructure solution where Nody provides distributed and reliable infrastructure, automatic deployment and management to its users.

2. Empower the Web3 ecosystem to enable users to figure with distributed node infrastructure for effortless dApps creation and integration.

3. While third features contains automatic node deployment & management for the user to launch nodes remotely and access them from anywhere.

Besides these features, Nody also provides instant access to EVM networks via the WebSocket API or Hypertext Transfer Protocol which is Secure to seamlessly create the client’s dApps while Nody dashboard supports a good range of customization.

TOKENOMICS

The native currency of the Nody is NODY token ($NODY) with multiple utility functions including DAO voting power, staking etc. The newly launched token are going to be required to activate any service on the nody.ai platform. Users has the facility to delegate own NODY Tokens and receive back rewards from the project revenue generation.

The staking are going to be launched by Q2 2022 while API Docs will be posted before Public Beta Launch scheduled in Q4 2022. Currently, the Nody project is in closed beta and early access are often requested by sending an email to support@nody.ai.

IMPORTANT LINKS

https://nody.ai/

https://twitter.com/Nody_ai

https://t.me/nody_ai

https://discord.gg/Xds4gFHqjZ

https://medium.com/@nody_ai

https://www.reddit.com/r/nody_ai

https://docs.nody.ai/docs/nody

MY INFO:

Forum Username: Senialayl

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2303414

Telegram Username: @mirabjiji