PCHAIN Dynamic Super Node Plan, different from the traditional way of voting, will be published in the way of the 1st Algorithm Driven DBID (Dynamic Bid) in the world to select the Dynamic Super Nodes. PCHAIN will set one every month as a cycle and launch a new round of DBID in each cycle to increase the number of Dynamic Super Node month by month. Finally, thousands of nodes will become PCHAIN dynamic verification nodes and participate in algorithm consensus. They will jointly manage and build an orderly DApp ecosystem sharing 315 million PAI consensus reward. The consensus reward will be halved every 4 years and would be distributed in 24 years.
In order to maintain the stability of the main net, PCHAIN will launch the PCHAIN Dynamic Super Node Plan Eve, Executive Super Nodes Campaign, on August 22, 2018.
What is the Executive Dynamic Super Nodes Campaign?
The Executive Dynamic Super Nodes Campaign is a prequel to the PCHAIN Dynamic Super Node Plan. As the number of PCHAIN’s dynamic super nodes will be over 1000, PCHAIN adopts the DBID electoral methods. The campaign which is a pure dynamic will be rotated once a month. We hope that through managing the Executive Dynamic Super Nodes Campaign, the first batch of dynamic super nodes which are 100 executive dynamic super nodes, can provide the consensus of relatively stable nodes and give back to benefit the community.
1) The top 50 executive dynamic super nodes can directly enjoy the rights of holding the annual super nodes. It means that the period of this kind of super node rights is one year, which is called annual super node.
2) The other 50 executive dynamic super nodes can directly enjoy the rights of semi-annual super nodes. It means that the period of this kind of super node rights is 6 months, which is called semi-annual super nodes.
What are the benefits of participating in the Executive Super Nodes Campaign?
1)Participants participated in the Executive Dynamic Super Nodes Campaign adopts the mode which can be realized as “ Executive Campaign is mining”. Participants will get multiple rewards.
A. Everyone who has participated in our Executive Super Node campaign may receive approx. an annualized 8% reward no matter if you are our final selected Executive Super Node officially or not, and you will get it distributed after our mainnet is launched. Please stay tuned with the details. We will keep you updated.
B.The Executive Super Node have the possibility to get around annualized 19% PoS Mining reward. At the same time, Executive Super Node can get Gas Fee both on the main chain & child chain.
2) After the registration period, we will update the current personal ranking and profit status regularly. The profit will be distributed to the user’s personal wallet address after the main network goes online.
What are the benefits of Executive Super Nodes?
1) PCHAIN will set up the Executive Super Node Campaign reward fund. The total amount of the fund would be 5 million PAI. The Executive Dynamic Super Node will be rewarded according to his/her individual score per month.
2) Since the consensus award is halved every four years, the rewards of the Executive Dynamic Super Node will be higher. At the same time, the higher the amount of the locking coin you hold, the higher the reward for participation in consensus you can get.
3) Due to the randomness feature of the DBID algorithm, ordinary dynamic super nodes have only one month’s right period. They will be rejected in the random election next month with a high probability. However, the Executive Dynamic Super Nodes will directly obtain the consensus right for one year or six months.
Thank you for your long-term supports and trust for the PCHAIN. The participation rules for Executive Super Nodes Campaign will be announced next week! Stay tuned!
PCHAIN is the world’s first native multi-chain system supporting EVM, with original PDBFT algorithm, unified knowledge graph and smart data Oracle mechanism. PCHAIN is committed to support non-native Token smart contract calls and solve problems like improving blockchain performance, smart contracts loop not closed, too dependent on external data. It will make large-scale industrial applications of blockchain smart contracts possible.
Join PCHAIN’s ever growing community at the following links:
Telegram(Chinese Community): https://t.me/pchain_CN
Telegram Announcement Channel: https://t.me/pchain_org_ann
Founder/CEO’s Twitter: https://twitter.com/jeff_fengcao