Introducing the Myria Node Referral Program
The Myria Web3 gaming ecosystem has expanded significantly over the past year. More than 270 gaming projects have onboarded the Myria platform, over 11 million wallets have been created on Myria’s Layer 2 and the Myria community has grown to more than 500,000 members. The launch of the MYRIA token, the Myria Public Node Sale, and the official activation of Myria Nodes were some of the biggest catalysts which led to these amazing results.
Myria’s Node Referral Program
Today, we’re thrilled to announce the release of Myria’s Node Referral Program. A new initiative that will not only drive further growth in the Myria ecosystem but also reward existing node owners with MYRIA tokens.
Node operators play a crucial role in the Myria network, contributing to its security and stability. The Node Referral Program will allow existing node owners to invite their friends to join the Myria network and earn additional rewards in MYRIA when a referral purchases a Myria Node License.
At Myria, we strive to create a seamless and decentralized gaming ecosystem that benefits all participants. Our platform provides developers with an easy way to build and deploy their Web3 projects, while gamers can enjoy a variety of games and a fair and secure gaming experience.
How to Participate
With the Node Referral Program, Myria recognizes the importance of community involvement in building a successful ecosystem. That’s why we’re offering existing node owners an extra incentive to refer friends, family (like your cool tech grandma), and fellow Web3 enthusiasts and expand the Myria network. By referring their friends to join Myria as node operators, existing node owners can earn additional MYRIA tokens.
All Myria Node License owners are welcome to participate in the Node Referral Program by following the steps:
- Visit your Myria Node dashboard
- Copy your unique referral code
- Share it with your friends
- Have the referee register with your code, deposit MYRIA, and purchase a Myria Node (the referee can check the referral code is being used by viewing the URL, if the referral code is present then they can proceed)
You can keep track of your Node Referral bonuses on your Myria Node dashboard.
Once a referee purchases a Myria Node License, you’ll become eligible for additional MYRIA rewards. The number of MYRIA tokens a user can receive is determined by the number of Referral Points earned. While the exact amount of MYRIA per Referral Point is fixed, earlier batches have more points.
Node Referral reward FAQs:
How are Node Referral rewards calculated?
Taking an example from the table above, let’s assume an existing Node owner successfully referred 1 new node owner, and the purchase was completed in Node Batch 1. In this scenario, the equation for the number of points earned is as follows:
1 (number of successful Referrals) x 240 (Points per batch due to purchase being from Batch 1) x 335.8208955 (Fixed amount of MYRIA to be distributed per point) = 80597.01492 (MYRIA to be distributed to the referrer)
When will Node Referral rewards become claimable?
A successful referral may not be immediately present on your dashboard. Once the prerequisites of the Referral Program have been completed, it may take 1–2 cycles for your Node Referral reward to become available for claim. This delay occurs while we confirm the transaction on the Ethereum network.
Are Node Referral rewards subject to an Early Claim Fee?
In accordance with the distribution of Node operation rewards, an Early Claim Fee will be applied to Node Referral claims if the claim is made within 6 days of a successful referral. If you allow your Node Rewards to vest fully (reach 100% of their value) then you can claim after 7 days without needing to pay an Early Claim Fee. There is no automated distribution of rewards for Node Referrals.
Are Node Referral rewards newly freshly minted and added to the circulating supply or coming from a fund?
Myria Node Referral rewards are distributed from the Myria Ecosystem Fund.
MYRIA Rewards Distribution to Node Owners
For operating Myria Nodes and supporting the Myria network, node owners receive daily rewards in the form of MYRIA tokens. A total of 36% of the MYRIA max supply is reserved for node emissions. In order to become eligible for MYRIA rewards, node operators must run their nodes for the minimum required time period (6 hours) per cycle (1 day). MYRIA tokens are then distributed on the basis of a point system.
Read More About MYRIA rewards distribution
Running a single node for 6 hours every day will generate 1 point. Running three nodes for 6 hours will generate 3 points and so on. Operating a node for a period longer than 6 hours will not yield any additional points but we still advise node owners to keep their nodes running at all times to support the network.
The daily MYRIA distribution will get reduced over the years. In the current cycle, 12,328,767 MYRIA tokens are distributed each day. The number of tokens a node operator will receive is based on the following formula:
(Total MYRIA tokens to be distributed — based on Node Rewards halving schedule) / (Total number of points earned [all nodes]) * (Total number of points earned [Your nodes])
MYRIA Utility
The MYRIA token has numerous applications and can be used to pay protocol fees, purchase Myria Nodes, and exclusive NFT collections. With governance and staking on the way, the utility of Myria’s native token is set to expand further and bring even more value to holders. Furthermore, projects building on Myria will be able to utilize MYRIA and add new layers of utility to it.
By yielding more MYRIA tokens through the Node Referral Program, node owners can enjoy all the perks that come with being part of the Myria ecosystem. The Myria Node Referral Program will bring more benefits to the entire ecosystem and all community members. We look forward to seeing Myria grow, and we invite all existing node owners to take advantage of this opportunity by referring their friends to join the Myria network. Together, we can build a thriving blockchain-powered gaming ecosystem.
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