StrongBlock is the first and only blockchain-agnostic protocol to reward nodes for supporting the infrastructure of their blockchain.
What;
An attempt to provide an online 'Node Universal Basic Income' (NUBI).
How;
By providing a 'Node as a Service' (NaaS) protocol.
StrongBlock rewards node owners for supporting the Ethereum blockchain infrastructure. Other networks are to be included (Polygon already approved).
Why;
Existing Ethereum Nodes can be non-compliant, have incomplete blockchain histories , are intermittently off-line and have no financial incentive. StrongBlock makes it possible for anyone to create a compliant node or add their own. Node owners receive daily STRONG token rewards.
I want a Node - go here;
You will need;
- Metamask Wallet (connected to the Ethereum Network)
- Ethereum for transaction fees
- 10 STRONG Tokens (about $4,200)
Node creation screen.
Maintenance;
A monthly maintenance fee of ~$14.95 is mandatory.
Failure to pay the monthly fee within 30 days of the due date will result in the smart contract automatically removing the node and thus stop node rewards.
Method;
- You will contribute 10 STRONG tokens to own your Node.
- 1 STRONG = ~$420, therefore $4,200 for the Node.
- You can pay up to 90 days maintenance fee up front. This payment cannot be automatic.
- Node reward is 0.1 STRONG (~$42) claimable every block (around 25 hours).
- As stated, failure to pay the maintenance fee means your node, and $4,200, is gone forever.
- Current pay back time to recover your contribution is 108 days.
- Lifecycle - currently forever.
Example node list from StrongBlock website;
Max. STRONG Supply: 528,886
Circulating supply - 165,443
STRONG Available - 363,443
Strong price history CoinMarketCap
- 7d Low $290.72 - 7d High $459.49
- 30d Low $197.41 - 30d High $459.49
- 90d Low $103.77 - 90d High $459.49
- 52 Week Low $13.91 - 52 Week High $459.49
- All Time High $459.49
- All Time Low $13.91
NODE Statistics
Max Nodes per wallet - 200
Current Node count - 73,346
Strongblock also offer other ways to earn rewards which include mining and NFT purchases. NFT ownership also increases Node owner benefits.
CONCLUSION:
Expensive but great idea if the STRONG token remains strong.
Read more here;
