The NIX platform and how to earn NIX tokens
NIX is an interesting platform: a next generation privacy currency and multi-layered interoperability platform which fuels anonymity-focused decentralized applications (dApps) and smart contracts, providing the option of adding a best-in-class privacy layer to any blockchain.
There are many different ways to earn NIX: you could receive tips from NIX discord tip bot, or buying NIX on exchanges (on Kucoin, Mercatox, StealthEx, SimpleSwap, etc.), stacking coins to get the reward, becoming LPoS Merchant and accepting NIX as payment for eCommerce transactions.
In this article I will talk about a more interesting way of accumulating NIX: getting rewards and fees from a NIX Ghostnode.
The NIX Ghostnodes
NIX Ghostnodes help to ensure dedicated network processing for Ghost Protocol transactions. Any smart contract based element that requires autonomous privacy processing relies on the NIX Ghostnodes to fulfill that request. So the NIX Ghostnodes are a fundamental part of the NIX protocol layer!
To run a Ghostnode a user need to have 40,000 NIX as a collateral: that’s all!
Do you think it is too much difficult to run a Ghostnode? You are wrong: there are several services that offer to host your Ghostnode for you! You could find most of them here: https://wiki.nixplatform.io/home/wallet-functionality/ghostnodes/hosting-services
There are also different options for automated Ghostnode setup:
- One-Click Installer from the NIX GUI Wallet: you just need to enter the required information after clicking on “Set-Up new node” in the Ghostnode Tab
- Bash Script from CryptoSharks, a bit more difficult, you could find all required information here: https://github.com/cryptosharks131/Ghostnode
Benefits of running a NIX Ghostnode
I know what you are thinking: why I should run a NIX Ghostnode?
Because you will be part of a great project, and, of course, because you will get rewarded!
A user running a NIX Ghostnode is rewarded in 3 different ways:
- Block rewards -- A percentage of new block rewards are paid to Ghostnodes by a serialized method which cycles through the list of active nodes. To better understand block reward ratio and inflation schedule you could read this article: https://medium.com/@nixplatform/proof-of-stake-inflation-schedule-d9c6b5a1e119
- Ghosting NIX -- When a user ghosts their coins either to their own or to another user's Ghost Vault, a 0.25% fee is collected.
- Vault to vault private transactions -- Users moving ghosted NIX from vault to vault (full sender and receiver privacy transactions) incur a 0.1 flat rate fee.
In addition to these 3 ways of earning, privacy transaction fees are pooled and then split every 720 bocks (~24 hours) among all active Ghostnodes.
Sounds good? 😉
To learn more about the NIX platform here is the official website: https://nixplatform.io/
