Today, on the first day of 2020, we are excited to be ticking off our first achievement of the year and launch the first decentralized community MainNet node.
The community node will be operated by a community leader and staked both by the leader and by the community members. Community nodes will run with 500K COTI staked, to begin with, and with a guaranteed return of at least 30% per annum, paid monthly (the highest of either fees generated by the node or 30% per year).
We are very honored that the first community node is being managed by the one-and-only Mr. Winston Wolfe, who was the first to run a node on the COTI TestNet. Winston Wolfe is at the head of a very engaged and committed community on the Wolf Crypto group and channel on Telegram. He also wrote a detailed guide explaining how to setup a COTI TestNet Node on Vultr.
“We’re extremely proud to be picked at the first crypto community to run a decentralized MainNet node for COTI”, said Winston Wolfe. “As a supporter of this project for some time, we’re thrilled the project has now reached the point in which token holders can now benefit from running nodes by sharing in transaction fees that pass through their nodes, and we’re even more thrilled that we can share these rewards with our loyal community”.
Registration to the community node was overwhelming and of very high demand. We have opened the registration to participate in the community delegated staking plan last week and have exceeded the cap by more than 300%. The admission process was handled on a first-come-first-served basis and the selected candidates have already been reached out by the team.
we’ll be running an additional community node in early 2020 with another large crypto community who have supported COTI, so those who missed out this time around, don’t despair as you’ll be the first we approach with the next community node.
We thank all of the applicants and we’ll be able to serve all not long from now.
The node is already active and both merchants and users can connect to it here, under the name Wolf Node.
Read more about COTI nodes and staking here.
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io
Twitter: https://twitter.com/COTInetwork
Telegram: https://t.me/COTInetwork
Github: https://github.com/coti-io
Discord: https://discord.me/coti
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
