EDULand NFTs: How to Get Started
EDULand NFTs are now live! Head to dashboard.educhain.xyz/eduland to start renting today.
As an EDULand NFT holder, you’ll gain the right to operate EDU Chain nodes and earn $EDU rewards.
A pool of 150 million EDU rewards awaits EDULand NFT holders who verify transactions on EDU Chain.
Read on to learn more about EDULand NFTs and how to operate an EDU Chain node.
How does renting EDULand NFTs work?
To rent an EDULand NFT, users pay an initial rental fee in Yuzu Points based on a bonding curve.
Users select their rental duration and must pay both the initial rental fee and all maintenance costs upfront.
For instance, a 60 day rental requires payment of the initial rental fee plus 60 days of maintenance.
Initial rental fees start at 3000 Yuzu and the maintenance cost per node, per month is 40 Yuzu.
EDULand NFTs are non-transferable and managed through a smart contract for security.
You can extend your rental period anytime, up to a maximum duration of 60 days, and will be required to pay both the initial rental fee and the maintenance cost again.
When your EDULand NFT rental expires, you’ll lose access and the NFT will return to the marketplace.
The rental price for EDULand NFTs uses a dynamic model based on the total rental time (in seconds) across all NFTs, divided by total supply.
This creates a pricing system that flexes with overall demand.
How to Operate an EDU Chain Node?
EDULand NFTs give you an EDU Chain node license.
You can deploy your node either through a virtual private server or by using a node-as-a-service provider.
If you want to run your EDU Chain node through a virtual private server, you can read our step-by-step guide.
Easeflow is the official node-as-a-service partner on EDU Chain. Their service lets you deploy EDU Chain nodes with just a few clicks.
We have subsidised the cost of using Easeflow for EDULand NFT holders for the first two months after launch. So you can use Easeflow for free!
If you’re new to running nodes, we recommend using Easeflow. It’s a simple way to get started, and it ensures maximum uptime — which is crucial both for the network and for maximizing your rewards.
Here’s a great video guide that walks through how to use Easeflow.
Head to app.easeflow.io once you have rented your EDULand NFT to get started.
EDULand NFT Rewards
EDULand NFT holders will receive both a share of sequencer fees and additional $EDU tokens from a designated rewards pool.
The rewards pool contains 150 million EDU tokens that will be distributed over 3 years.
You can claim your rewards that have accrued from verifying transactions anytime at dashboard.educhain.xyz/eduland.
Note: KYC verification is required before claiming rewards.
The EDULand emission rates per node are variable and will change over time based on the utilization rate of EDULand NFTs, the market price of EDU, and the total amount of EDU in the monthly rewards pool.
Similarly, the daily maintenance cost will likely change as demand for EDU Chain nodes fluctuates.
Note: You must be actively verifying transactions on EDU Chain to receive rewards.
KYC for Rewards Claim
To claim your rewards, you must complete KYC verification using the same wallet that holds your EDULand NFT before your rental period ends.
Follow the prompts on the EDULand NFT rental page to complete your KYC.
If you don’t complete KYC before your rental period ends, you may forfeit any rewards accumulated during your rental period.
What now?
To get started head to dashboard.educhain.xyz/eduland to rent your EDULand NFTs.
Then head to app.easeflow.io to start running an EDU Chain node.
