The Coop Network Weekly Update 08/2022
Nodes on The Coop Network: All you need to know for a 15% APY
Beside staking, GMD holders can earn rewards on the Coop Network by running trusted nodes on our blockchain. Firstly, you have to buy & hold 2000 NOD (NodeCoin) from the Monetary System of our blockchain using GMD (NOD is 1:1 with USDT). Secondly, you need to receive the hallmark status for your node after you pass a KYC process. The base reward for the participants who choose to run nodes on the Coop Network will be a 15% APY in the first year. On top of that, the forged balances, representing the transaction fees collected on the Coop Network, will be distributed on a monthly basis to all hallmarked nodes.
Dive deeper into the benefits of Proof-of-Stake systems, as well as into the whys and the hows of running nodes on The Coop Network, on our blog:
Held our first AMA on February 18th!
It was a relaxed chat with our community, talking about the status of our activities, voting on our blockchain and the importance of running nodes in Web 3.0:
Right now, it seems really important to me that we should learn Web 3.0. This means running our own nodes, doing what we need to do directly from our laptop, or even our smartphone. I seriously think about running nodes directly from one’s smartphone. Then, you would really be safe, mind your own business, nobody could hack you. | Arthur Fleischer
We thank everyone who took the time to participate, it was a pleasure chatting with the community on a Friday evening. We’re committing to a monthly AMA, so we’re looking forward to see each other again soon!
Until then, remember we’re always open to chat on our Telegram channels and happy to answer any questions you may have. Also, make sure you’re following us on our social media pages for fresh updates and you’re spreading the good news!
Updates on our first Medical Cannabis crop!
We are grateful to our grow master, Val, for the utmost care he has for the crop! Love is the secret ingredient and it shows: the plants are extremely healthy and thriving, our first crop yield is a joy and we can’t wait for the several next!
Stay tuned for more updates.
