VOL “Pioneer” Staking Program Launched: Up to 50% Expansion Bonus Incentives Pre-Staked Nodes

3 min readAug 29, 2019

The Volume Network (VOL) founded by Chen Zhiqiang, the former CTO of Tron Network has won the hearts of miners, and the general crypto community since the launch of the project. The support for Volume Network continues to raise as we establish VOL communities in different countries and continent.

On October 1st, the Volume Network Foundation will officially launch the Volume Network (VOL) Testnet in preparation for the main Network launch. Therefore, in order to further reduce the entrance threshold of the nodes, and ensure a zero-delay seamless docking from the preliminary preparation to the formal mining VOL, and also improve the mining efficiency of the nodes we decided that from August 24th to September 1st 2019, we will open the pre-stake quota expansion activity for the mining pool nodes. The Pioneer node that will participate in the pre-pledge event will receive a maximum of 50% pledge expansion bonus. The details of this event are further discussed below.

Features of the Pre-Stake Event

Long-term gains: the number of stakes for expansion bonus will last for 3 months.
To further reduce the threshold for miners to participate in the pre-mining nodes. Pre-limit stake addition means that the node can be expanded with lesser pledge amount from miners so as to reach the minimum quality of mining bet amount.
Huge incentives: the greater the stake amount, the higher the expansion bonus, up to 50%.
Don’t miss it: anyone can participate in this pioneering event.
The bonus is even more attractive: there is an additional bonus system for the nodes with the highest stakes.

Activity Guidelines

Participation time: August 24, 2019 — September 1, 2019

Earnings time: October 1, 2019 — January 1, 2020

Target: Volume Network (VOL) Mining Pool Nodes Representatives

Activity rules: The Volume Network (VOL) mining pool nodes on dated 2. 8 . 4 pre-mining pledge to between 1 September, according to the addition amount of collateral varying degrees, the maximum adding 50%. The pledge of the expansion bonus will continue to be effective from October 1, 2019, to January 1, 2020. After the event, the original pledge will be returned.

Note: The VOLs for the expansion bonus part is temporarily taken out from the 200W node pledge coin pledged by the mining pool node. After the activity is completed, it is returned to the nodes’ pledge wallet, and it is pledged back to the main network system after the Mainnet launch.

Stake Expansion Bonus Rules:

**Note: Calculated in units of a single node**

Additional expansion Examples:

Suppose the node’s pre-stake amount is 150W which is the VOL, on the 1st of October — January 1, 2020, the expected collateral amount should be as follows: 150 * (1 of 0. The. 5) = 225 W

Benefits:

The mining pool nodes will receive an additional number of bonus credits in the following order: