VirgoX Node Program v2.0 | Updates & Changes

The VirgoX community node program was officially launched on July 22. This was a crucial step for VirgoX’s promotion and is also a major future-oriented product to adapt to changes in the market. It will help promote the development of the VirgoX community. With this, the platform's growth shall also promote the rapid development of the VirgoX service and products.

The introduction of the new program drove a rapid increase in the number of registrations in the platform, in the number of loyal users, and in the amount invested. One month after the implementation, we have spotted some flaws in the original program that gradually emerged. In order to improve the node program, after discussions with several core supernodes and collecting feedback from the community, the VirgoX team decided to upgrade the node program to v2.0 and released it on August 26, 2021.

Updates & Changes

1. Update in the weights of contribution

• VirgoX Vault (0.3)
• Spot Trading (0.15)
• Future Trading (0.15)
• Node Staking earnings (0.4)

The commissions are calculated according to the total value of USD and calculated once a day;

2. Value node contributions weight & income

The value node enjoys 100% of its contribution income (Regardless of whether it is a value node, a supernode, or an ordinary user within tier 2 referral level).

3. Value of the contributions of the supernodes

• 100% of the income of up to tier 2 supernode referrals + 10% of the total contribution value of the value node in tier 1 level by the supernode that is tier 2 for you (supernodes recommended by other supernodes and regular users are excluded).
• 100% of the revenue contribution value of value nodes in the tier 2 referral level + 100% of the referral contribution value of value nodes in the tier 2 referral level;
• Supernodes do not enjoy their own contribution value and referral contribution value of normal users in tier 2.
  
  These adjustments will bring more fairness and will further stimulate the motivation of the nodes to help in the promotion. With this, we intend to maximize the benefits of community resources.
  
  At the same time, this program and the team are committed to promoting the healthy development of the platform token $VXT, achieve price stability, and, in combination with the burn mechanism, promoting the better development of the whole platform.

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