FAQ: Ontology New Governance and Staking Economic Model

The Ontology Team
Jul 10, 2020 · 4 min read
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Ontology Triones Node Operation

How much do I need to own my own Ontology node?

Therefore, it only takes 10,000 ONT and 500 ONG to start running your own Ontology node under the new governance and staking economy mode.

What are the hardware requirements for Triones node deployment?

  • Fixed IP address, a stable connection with AWS and Google Cloud in North America

How to find the latest status of all nodes?

Are there any guides or tutorials I can follow to deploy or operate a node?

How to calculate the node staking incentive?

Is deploying the hardware node necessary to start a candidate node?

Is the initial stake also counted as receiving 90% of the rewards?

Let’s say you have 10,000 ONT as initial position and the users add 20,000 more ONT, for a total of 30,000 ONT stake. You set the fee-sharing ratio for initial staking at 90% and the fee-sharing ratio for user staking at 40%. Then, the node (you) will receive 90% of the transactions fees and released ONG yield of the total amount of 10,000 ONT (your own initial stake), and receive 40% of the transaction fees and released ONG yield of 20,000 ONT (the total amount of ONT staked by users).

Staking on Ontology

What’s the minimum staking requirements to stake on Ontology?

Why there is an increase in ONG network fees?

Why the staking yield of users fluctuates in real-time?

  • network operation & staking status
  • fee-sharing ratio set by the nodes
  • node ranking (only top 49 nodes can receive the Foundation bonus)
  • ONT and ONG price

Why am I not receiving unbound ONG on ONTO/OWallet any more?

How is it possible to get more released ONG for the same amount when staking in an existing candidate node, compared to when running your own candidate node?

The yield of staking or node rewards are affected by:

  1. 500 ONG transaction fees required to start a node
  2. The yield rate is changing all the time based on the increase or decrease of the stake amount
  3. The nodes may change their fee-sharing ratio

We would recommend to calculate towards the end of each staking round and make your decision as it is the closest moment to align your expected yield rate shown on the calculator.

Stake now with ONTO or simply sign up to run your own Ontology Node on OWallet.

Should you have any further questions, please contact us at contact@ont.io. We will continue to update more FAQs in this article.

OntologyNetwork

A high performance, open-source blockchain specializing in digital identity and data.

The Ontology Team

Written by

Active project domain: https://ont.io/

OntologyNetwork

Ontology is a high performance, open source blockchain specializing in digital identity and data. ONTO: http://onto.app/downloadpage/TW Telegram: http://t.me/OntologyNetwork

The Ontology Team

Written by

Active project domain: https://ont.io/

OntologyNetwork

Ontology is a high performance, open source blockchain specializing in digital identity and data. ONTO: http://onto.app/downloadpage/TW Telegram: http://t.me/OntologyNetwork

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