Hello and a big welcome to you all from us here at the Zero Team. We hope that you have all been keeping well and good to see the community staying strong as always.
We have been working relentlessly over the last year on both Business and Technical Development and now have the culmination of these two worlds at the latest junction: Zero Nodes.
We have worked out the details of how Zero Nodes will be implemented with a fair start, the % of block reward allocation to Zero Nodes, the ongoing payout regime per halving epoch, where you can go host and liven up your Zero Node and potential ROI based on predicted Zero Nodes that will be livened up.
As a quick recap of the Zero Node commercial details and revised block rewards per the below:
- Collateral for Zero Node — 10,000 (10K) ZER
- Development Fund — 7.5% (0.81 ZER / Block)
- Block Reward — 20% (2.16 ZER / Block)
- Block Reward (Miner) — 72.5% (7.83 ZER / Block)
- Ongoing Block Reward — 5% Increase at each halving epoch up to 40%
- Assumed ROI (50% Lockup) — 17.7%
- Assumed ROI (30% Lockup) — 28.7%
Zero Node Implementation & Details
On June 06 2019, we will release Cosmos 3.0, which is our latest update that will incorporate Zero Nodes into the ecosystem.
In order to run a node you will need to download the updated wallet and files from our Github, which we will share shortly. The new wallet interface will contain the information relative to your node once it has been livened up;
You will need a VPS or be running your own server. The node should be online 24/7 to insure payments will be made. If you choose to purchase a VPS we recommend Digital Ocean, please use this referral link >(https://m.do.co/c/6145b6c5575d) which will help us maintain our infrastructure. A single core VPS with 4GB of memory and 25GB of hard drive space will be enough. It’s the smallest droplet Digital Ocean provides at a rate of 5$/month
There will be a soft start period in order to allow the community to liven up their nodes and allow pool operators to get set up for node payment. This soft start will last about a month, the exact enforcement date is not yet set. This is due to the fact that there are a large portion of the community who may not be as technically savvy as those who have hosted or understand the process more fluently. The payout figure during this soft start will be 0.01 and will not be an enforced consensus rule.
This soft start keeps it fair to all, so that there is not a minority who have nodes up and running that are taking the lions share of block rewards before the rest of the community can liven up their nodes.
Once the soft start period ends, the Zero Node payout will immediately commence at 20% per block (2.16 ZER / block).
What Is The Payment Regime?
For details of the payout system after the fair start period and then ongoing each halving period, please see below. This chart shows the payout up to the block at which the payout % is active, from activation to block 799,999 the payout will be 20%, from 800,000 to 1,599,999 the payout will be 25%.
The block reward shall increase each halving period for Zero Nodes, up to a maximum of 40% of the block reward at block 3,200,000.
You can also see the potential ROI based on the assumed amount of ZER locked in nodes over this period.
Where To Host My Zero Node?
We are currently working with a couple of vendors who will be able to assist with remote node hosting for a small fee per month. We have opted for this approach in order to assist the broader range of the community in livening up a node with ease.
We will partner with these platforms, but there is always a risk with 3rd party services outside of Zero (as we have seen with Cryptopia).
Thanks to everyone for their ongoing support and again, it’s great to be a part of such a strong community.