@M4K070@sora_xor Humanity first? You dumb fuck, keep scamming. Claiming things like deflation, selling your bags, and inflating again without being clear and fair about it to your community.
I hope everyone is getting ready for another interesting year. The world should change a lot next year and @sora_xor and the community will continue to make amazing progress as well. Humanity first!
@joen862@AreShilling@XEnergyWeb Clear explanation. But basically if you are not whitelisted you can’t do anything but watch people get great gains for their nodes/staking. And if you don’t manage to get 3k ewt together you are also sidelined. So hmm
Let’s break it down:
1. Anyone can download the market place app. In that app you can lift tokens to ewx, anyone can do that. **
2. When you have tokens on ewx you can stake them. You need to be whitelisted. You will get base rewards.
3. When you have tokens staked you can opt to run a worker node. The app will download the worker node package and run it. When you cast enough votes you get the node rewards on top of the base rewards.
So there’s no need to run a node to get base rewards. @ketagonia
** you need to lift 3k ewt to become eligible for the Digital Spine Worker Node in feb/mar.
🧵 Thread:
Complete breakdown of @XEnergyWeb current Dynamic APY
🚨 144% to 432% APY for running a node
🚨 44% to 98% APY for staking only
Read on 👇
Energy Web launched a beta program for its worker nodes, Smart Flow beta. To participate you had to whitelist and was limited to 250 people. Smart Flow is the name of the SaaS tool that Energy Web customers can use to execute business logic decentralized, immutable and output consensus anchored on the blockchain. Think of 24/7 Energy Matching, Green Proof solutions (like GP4BTC) and Digital Spine.
The Smart Flow beta Worker Node Network launched on 20-12-2023 and runs for 101 days until 30-03-2024. At the time of writing there are 96 days left.
The reward period is set to 7.200 blocks. This means that rewards will be distributed every 7.200 blocks. With a block time of 12 seconds, this is exactly 24 hours. So that means receiving rewards daily. These rewards do not compound.
When you stake EWT without running a node (or the node does not cast enough votes), you are ‘only’ eligible for the base rewards. When you run a node and cast enough votes, then you receive the base rewards plus the node rewards.
Base rewards: 0,042 EWT
Node rewards: 0,095 EWT
The maximum amount of subscribers to this WNN is 250. The minimum stake is 250 EWT and the maximum stake is 1.000 EWT.
With all this information we can do a simple calculation what the minimum APY is in the scenario that every whitelisted person stakes 1.000 EWT and runs a node.
250 x 1.000 EWT = 250.000 EWT staked.
With a stake of 1.000 and running a node, this means you get 0,4% (1.000/250.000) of the base rewards and 0,4% of the node rewards.
7.200 blocks x 0,042 = 302 EWT x 0,4% = 1,21
7.200 blocks x 0,095 = 864 EWT x 0,4% = 2,74
Your daily reward will be 3,95 EWT
3,95 x 365 days = 1.440 / 1.000 stake = 144% APY
Remember, this is basically the worst case scenario when everybody stakes, runs a node, every node runs properly, every single day, for the complete period. You can imagine that that will not be the case.
Then what is the current status?
At the time of writing there are 112.220 EWT staked by 121 subscribers of which 74.717 are weighted (90 nodes casting votes). It is assumed that the weighted are the staked EWT of nodes casting enough votes. You can do your own calculations with your own optimistic/pessimistic/realistic numbers however you like (spoiler alert, the outcome won’t be bad).
So, with a 1.000 EWT stake these numbers give us the following APY:
0,89% share of base rewards (1.000/112.200) = 2,69 EWT
1,34% share of node rewards (1.000/74717) = 9,15 EWT
Total: 11,85 EWT reward when running a node (base + node rewards).
This brings us to 98% APY for the ones that are only staking and 432% APY for the ones running a node.
Since we are in the early days and roughly half of the whitelisted people have not yet subscribed it is fair to say that this will go lower. However, we already established that the “worst-case” scenario was 144% APY at 3,95 EWT daily.
Of course there’s a little catch… In order to run a node and cast enough votes you would have to run a pc 24/7. This involves some cost for power and perhaps you buy a mini pc to do the job dedicated.
At the current price of 2,68 USD you would earn between 1k-3k USD in 3 months. More than enough to set you up with a dedicated node with maximum specs for the most demanding future WNN’s.
But now you’re saying to me: That’s all fine mister, but the whitelist spots are filled. What’s the next option and what do I need to do?
The next options to participate in a Worker Node Network are:
Galaxy Subscription: Expected jan/feb depending on audit
Digital Spine: Expected feb/mar
There are no details yet for Digital Spine worker node network, except that you need to lift 3k EWT between now and February 15th in order to be eligible to participate.
However for the Galaxy subscription we do have some information we can use to make an educated guess. Please be alert that this is based on some assumptions:
Assuming:
There’s 7,5M EWT available in the Green Pool
10% will be left behind and some people won’t stake again. Let’s assume 80% will stake again.
Since there is a minimum of 1k EWT, there will be a percentage that won’t have enough, so let’s assume again that 80% will be able to participate in the Galaxy Subscription.
And let’s say 20% of those people are willing to actively run a node and the others are just staking.
Based on those assumptions we could see 4,8M EWT flowing into the Galaxy WNN of which 960k will be in nodes. Doing the same calculations as before that will bring us to:
8% APY for staking only
75% APY for running a node
But since there Is a limit of 10.000 participants, we could potentially be looking at a lot more. 10k x 15k limit will bring us over the total supply, so it is pointless to calculate in that direction. Based on the current supply there will be a maximum of 25M EWT potentially in the market for running a node. However if that will all flow into staking with Galaxy the dynamic APY for staking would drop to 1-2%. I tend to believe that a market equilibrium of 6% minimum will be sought after. This isn’t a whole lot more than the previous calculation. It will come down to:
6M staking at 5,41% APY
1,2M running a node at 59% APY
Of course this is prone to a lot of assumptions upon assumptions and speculation about how much EWT will flow into running a node. But remember there will be more WNN’s, so it will get dispersed. There is a certain effort in running (multiple) nodes especially for the same WNN, which would require separate machines or virtualization. And if it would get bigger than the numbers projected above, it would be fair to say that we would be compensated by significant Price Action.
Also, just staking isn’t performing any work for EWF’s solutions. Without nodes there is no decentralized proof of green. So it is fair to expect that EW will always heavily incentivize the ones running a node.
All in all it is fair to say that we can expect very juicy returns, especially if you’re willing to put in some effort in running a node.
Enjoy the holidays!
$EWT @energywebx#workernodes
@collefesta The Pocket team provides all information needed. The Discord channel is very helpful with answering questions. You have to take the time to learn about nodes, setting up a server etc. But see it as a learning curve for yourself which will pay off in the future