baconesq Profile picture
23 Jul, 10 tweets, 2 min read
$STRONG Update from @WithoutTheRope - We are working on new protocols to launch. We now have over 70 prospective protocols we’re considering, several suggested by the STRONG community. (1/x)
$STRONG Since we announced a partnership with Sentinel on April 29, 21 we’ve been waiting for them to complete their rewards model. Our software has been ready to launch for some time. However, Sentinel does not have node rewards ready, both in their protocol and for our protocol
$STRONG- Because we’re advocates of decentralized VPNs, and want to launch DVPN nodes sooner rather than later, we’ve decided to move forward anyway. The community will therefore be supporting the DVPN network, but will not be receiving DVPN rewards for the time being. (3/x)
$STRONG - To launch a DVPN node from StrongBlock, cost and rewards will work exactly the same as Ethereum 1.0 nodes. (4/x)
$STRONG- When DVPN rewards become available, you will be able to claim them from the DVPN network. More details on this later. Currently, based on the information in their Medium post, they are offering $25k per month for all nodes. (5/x)
$STRONG - With 5k nodes, operators would receive $5 per month in DVPN tokens. Sentinel has proposed other DVPN incentives, and has said they will increase rewards over time. (6/x)
$STRONG - When DVPN node launching begins, we will start with a pilot of 1000 nodes. To be eligible, you must have a node with a wallet that has at least one Metal NFT. We will then conduct a lottery that will include Bronze, Silver, Gold and Platinum NFT holders (7/x)
$STRONG - The deadline for the wallet snapshot for Proof of NFT is Tuesday, July 27, 2021, EOD PDT. (7/x)
$STRONG - If the 1000 DVPN pilot members in the $STRONG community believe this protocol will benefit the rest of the community, and if Sentinel rewards materialize, we’ll move forward. (8/9)
$STRONG - We’re in uncharted territory here. We’re excited to get these nodes launched to support the first of many new protocols! (9/9)

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More from @baconesq

24 Jul
$STRONG Q: All gold and platinum should be guaranteed than the lottery should be within the bronze imo. (Lottery for $DVPN Nodes)
A: @WithoutTheRope That’s likely to happen.
$STRONG: @WithoutTheRope Since there is a low percentage of gold sold so far. Interesting, our data analytics show that 92.5% of Platinum that have been sold are staked in the protocol.
$STRONG Q: And does it matter if the nft is staked or unstaked?
Because when I stake my nft, the website obviously says I have none in my wallet.
A: @WithoutTheRope The analysis shows if you are staked or not. We have analytics that show both.
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