Neuron Validator Nodes
Overview
As part of the early growth of the NeurochainAI validator network on the NCN Chain, a limited supply of Neuron Validator Nodes is being released for early adopters. The NCN Chain uses a unique Proof of Work through Staking consensus mechanism, validating the work done on NCN AI (Layer 3) through staking on Layer 1 - the NCN Chain.
Key Details
Limited Supply: 10,000 Neuron Validator NFTs will be made available during the Token Generation Event (TGE) on a first-come, first-served (FCFS) basis.
Staking Requirement: To acquire a Neuron Validator NFT, you must stake 12,000 $NCNs.
Rewards: Neuron Validator NFT holders will share in a pool of 180 million $NCN, distributed daily over 12 months from the launch date.
Launch Date: The TGE and Node Staking launch are planned for summer 2024, with specific dates to be announced closer to the event.
The Role of Neuron Validators
Neuron Validators form a critical link between NeurochainAI’s Layer 1 (NCN Chain) and Layer 3 (NCN AI), ensuring accurate attribution of Layer 3 Proof-of-Work and issuing verified $NCN rewards on Layer 1. Community involvement is central to the development and growth of decentralized AI within the NeurochainAI ecosystem.
Why Staking Instead of Node Sales?
In contrast to the trend of node sales, NeurochainAI adopts a transparent, community-driven approach for growing its validator network. This method is inspired by best practices from industry leaders like Ethereum, where staking a fixed amount of native coins is required to become a validator. Here’s why this method stands out:
Transparency: Rewards are known upfront, ensuring clear expectations.
Decentralization: All nodes require the same stake, promoting fairness.
Democracy: The FCFS model gives everyone a fair chance to participate.
Logical Growth: The approach avoids inflating fully diluted valuations (FDV) through tiered systems.
Benefits of Early Participation
Operating a Neuron Validator Node contributes to the decentralization of the NeurochainAI ecosystem and provides significant rewards:
Vesting Schedule: 15% of the total 40% allocation of $NCN is pre-mined and vested daily over 365 days among NFT holders.
Potential ROI: The projected daily vested $NCNs can be calculated based on the number of Neuron Validators and the market price of $NCN.
Example Vested $NCNs:
| Number of NFT Holders | Daily Vested $NCN |
|---|---|
3,000 | 164.4 |
4,000 | 123.3 |
5,000 | 98.6 |
6,000 | 82.2 |
7,000 | 70.5 |
8,000 | 61.6 |
9,000 | 54.8 |
10,000 | 49.3 |
Additional Neuron Validator Nodes
New Neuron Validator Nodes will be released as necessary to ensure controlled network growth and prevent over-saturation. The network will employ a halving mechanism, with expected mining capacity reaching 50% within the first year of active on-chain mining.
Bonus for Validators
In addition to validator rewards, Neuron Validators have the option to contribute GPU resources to the DePIN AI compute and receive additional compute rewards for processing AI tasks.
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