Thread by @baconesq

Overview of @WithoutTheRope weekly AMA in the $STRONG Telegram ⬇️⬇️⬇️

$STRONG Q: Fractional node ownership- couldn't this be done through an update in the app where people contributing to a node would just have their associated addresses and # of STRONG contributed logged by the app? Then they would get that % of rewards based on their contribution

$STRONG A: @WithoutTheRope Simple. Easy to participate. Interesting approach, and something we’re considering. We haven’t yet applied that approach to nodes, but it’s essentially a pool. That’s what we’re doing with the ETH 2.0 pool, except with staking: you stake STRONG (1/x)

$STRONG A: @WithoutTheRope over time to get a weighted percentage of your STRONG and time over the total STRONG and time.

For fractional full and validator nodes, that’s essentially the approach we’ll be taking. First we needed to rework the Service contract to allow (2/3)

$STRONG A: @WithoutTheRope for different kinds of nodes, contributions and rewards. Fractional is the next step after that, but is already in development. (3/3)

$STRONG Q: Will strong be a validator on $ftm & $matic?

$STRONG A: @WithoutTheRope While our goal is to be a Validator on every chain we support, it’s not always possible. In the case of Polygon/Matic, when we first spoke with them, they were increasing the number of Validators - but not by much. The total now is 100. (1/x)

$STRONG A: @WithoutTheRope We petitioned to be one of the new ones, but they added very few, and there were groups ahead of us in line. We are on the list if they expand beyond 100.

For $FTM, being a Validator is more likely. (2/3)

$STRONG A: @WithoutTheRope If we are a validator for a chain - like we are for $DVPN - we’ll either have fractional ownership and/or create a pool where we’ll put the rewards after our costs. We’re pledging to cap our costs at 10% of the rewards. (3/3)

$STRONG Q: Any talks or ideas with protocols to support the metaverse worlds with nodes?

$STRONG A: @WithoutTheRope Yes. Nodes and validators on games and metaverse worlds is definitely fits in with our supporting decentralized infrastructure.

$STRONG Q: David are there plans to implement Strong nodes to help Arbritrum network?

$STRONG A: @WithoutTheRope Yes, we want to work with Arbitrum. We are big fans. We have not had talks with them yet.

$STRONG Q: Has David thought about building state channels on Constellation Networks Hypergraph? HGTP is a layer zero Directed Acyclic Graph designed to securely transport all the worlds data $dag

$STRONG A: @WithoutTheRope We’ve only briefly looked into HGTP. The goal is to support any chain that needs decentralized infrastructure support. We’re gearing up to add many more chains - EVM and non-EVM compatible - after Service 2 is launched and established.

$STRONG Q: Will StrongBlock be offering an NFT below Bronze that allows access purely to Service 2?

$STRONG A: @WithoutTheRope As I’ve mentioned before, we have a new NFT system planned that will involve staking and earning. Most of the NFT’s in that system will have less “power” than Bronze. Some will also have a time cap, say, 30 days of use then it gets burned. (1/2)

$STRONG A: @WithoutTheRope Basically, non-Metal NFT availability will expand, but the Bronze, Silver, Gold and Platinum will ALWAYS have a fixed supply. (2/2)

$STRONG Q: Understand that right now most protocols and chains are not willing to pay much for nodes. Since Strongblock is known for its NaaS model, do you foresee NaaS to bring in significant revenue and become the largest revenue contribution for Strongblock in near future?

$STRONG A: @WithoutTheRope We originally hoped for significant revenue from full nodes, yet we’re very aware that - in most chains - full nodes don’t get a lot of respect, and few to zero rewards. That’s why we set up our rewards system. (1/x)

$STRONG A: @WithoutTheRope In many cases, it’s difficult for a chain - once it’s live - to add a full node rewards model. Like Validator rewards, it needs to be baked in from the start. (2/x)

$STRONG A: @WithoutTheRope So, on some chains we have arranged to get token grants. We’ll also be a Validator where possible on those chains, and share 90% of the rewards with the community. (3/4)

$STRONG A: @WithoutTheRope But ultimately we've come to the conclusion that we need to show people how its done by creating a chain & ecosystem where there are rewards -not just participation trophies -for supporting the network & you won’t have to be a whale to participate (4/4)

$STRONG Q: When the service 2 contract is coming out, will it replace the current contract? Or is it an additional contract and both are running simultaneously? Or rewards will go down eventually will that start with the new contract? Do i need a nft to work create new eth 1 node

$STRONG A: @WithoutTheRope The Service 2 contract, which goes out for audit early next week (the week of November 15th), will run in parallel with Service 1, at least at first.

Service 2 has a lot more flexibility to handle different rewards models for each protocol. (1/3)

$STRONG A: @WithoutTheRope Service 2 will start off with $MATIC & $FTM, and others will be added. Most of the new features will be added to Service 2

Service 1 will continue to run, but we are building a bridge for people to migrate their nodes from Service 1 to Service 2 (2/3)

$STRONG A: @WithoutTheRope For Polygon, as I’ve mentioned previously, all metal NFT’s will be whitelisted for creating Polygon nodes at first. After that, you will not need an NFT to create a Polygon node. There will be similar pilots for each new node protocol that’s added (3/3)

$STRONG Q: What are you guys planning to do on the $ETH gas fees issue? Its really getting out of hand right now?

$STRONG A: @WithoutTheRope We know. Gas has gotten expensive again. For now, we’re where we are: on the Ethereum mainnet. In the future, we will be on a different chain, most likely our own; that way the community can participate in all parts of the chain, with much lower gas.

$STRONG Q: In the last AMA it was said that STRONG could be related to ISO 20022 currencies. we know that, in addition to xrp, XDC is also part of ISO 20022 currencies. the question is: can STRONG adopt XDC as one of the protocols or, more beneficially, use the xinfin network

$STRONG A: @WithoutTheRope We didn’t say that STRONG would be related to those currencies. Instead, we discussed that the StrongBlock protocol could support ISO 20022. It’s something that we’d be doing in 2022 at the earliest. (1/2)

$STRONG A: @WithoutTheRope Moving to another chain seeking cheaper gas has many factors to consider, not just cheap gas.

We have not been in contact with the XDC people. We’re open to talking with any group that works to support decentralized infrastructure. (2/2)

$STRONG Q: Could you ask if we can see strong on @cryptocom exchange?

$STRONG A: @WithoutTheRope I’m not certain if that will happen, but won’t rule it out.

$STRONG Q: David please update on fractionalization timeline?

$STRONG A: @WithoutTheRope Fractionalization of full nodes & Validators in the works. The first you'll be able to participate in that will be with the ETH 2.0 pool, where rewards will come from SB running a minimum of 32 ETH nodes (first time we’ve said that out loud) (1/x)

$STRONG A: @WithoutTheRope and your staking STRONG will get you a share of the ETH rewards when the $ETH 2.0 network switches to POS and starts rewarding its validator nodes. (2/3)

$STRONG A: @WithoutTheRope So, that’s the Validator pool approach. The second approach is to have multiple different wallets all have fractional ownership of a full node or validator node. That’s in the queue for early 2022. (3/3)

$STRONG Q: Any plan on offering different NFTs with different utility in the future?

$STRONG A: @WithoutTheRope I explained that above. But this gives me a chance to say that the current Metal NFT’s will have expanded capabilities in the future as well. And the new non-Metal NFT’s will have different kinds of capabilities, including duration, etc. (1/2)

$STRONG A: @WithoutTheRope So much cool stuff is being brewed up in the StrongBlock laboratory! (2/2)

$STRONG Q: Please explain the decay system

$STRONG A: @WithoutTheRope Simply, in a decay-based reward system, the rewards drop slightly over time.

$STRONG Q: Since there is no cap on the amount of nodes & protocols SB will be supporting, when STRONG gets to let's say for example 500k - 1 Million plus nodes & 10+ different protocols- What is SB doing to environmental help produce less carbons as they increase more nodes?

$STRONG A: @WithoutTheRope Environmental concerns are a crucial part of what we’re doing. That’s one of the reasons we want to build a new low-gas, low environmental impact, secure, decentralized chain.

$STRONG Q: When can compromised wallets move nodes to different wallet?

$STRONG A: @WithoutTheRope After Service 2 is launched, well be introducing the means to migrate from Service 1 to S2, to the same or a new wallet. Again, if your wallet has been compromised, the person who did it - shame on them - would have the ability to do that as well (1/2)

$STRONG A: @WithoutTheRope So we’re looking at other safeguards for migration. (2/2)

$STRONG Q: Forecast for STRONG chain?

$STRONG A: @WithoutTheRope The forecast for StrongChain is sunny and clear. And next year.

$STRONG Q: Would we be able to add protocols like $ohm & $klima to the rewards pool? put that $eth to work?

$STRONG A: @WithoutTheRope Yes

$STRONG Q: s there still another protocol announcement before polygon goes live? Was mentioned a couple AMA's ago?

$STRONG A: @WithoutTheRope We’re in discussions with several protocols for this. One of the reasons we slowed down a bit is that we’ve found it’s important to be able to participate more fully in the protocol. So, if we can’t be a Validator to supplement rewards, (1/2)

$STRONG A: @WithoutTheRope it lowers the chain in our priority list. (2/2)

$STRONG Q: Are original $ETH 1.0 nodes that exist today subject to deflationary mechanisms or will they be grandfathered in and fixed at current rates? Any benefits to having nodes prior to Service Contract 2.0?

$STRONG A: @WithoutTheRope We haven’t added any deflationary mechanisms to ETH 1.0 nodes. That is not to say that they will forever be at a fixed reward rate. The goal is to move toward a more sustainable model for the community, (1/2)

$STRONG A: @WithoutTheRope so it’s likely you’ll want to migrate your ETH 1.0 nodes at some point. (2/2)

$STRONG Q: How many more announcements of other official protocols that $STRONG will be partnering with can we expect to hear before the end of 2021?

$STRONG A: @WithoutTheRope I answered that earlier. We’d like to announce several, but they have to support our community while we support theirs, or it’s not fair to our community.

$STRONG Q: Are you still considering making an NFT marketplace to sell nodes? From a tokenomics perspective, if people sell nodes to each other instead of creating net-new nodes, then no new strong token comes into the reward pool. Unless royalties? Thoughts?

$STRONG A: @WithoutTheRope Selling and collateralization are both still on the table. They would be more likely on StrongChain.

$STRONG Q: Do NFTs protect the underlying asset from reward decay in addition to boost a fixed reward on top?

$STRONG A: @WithoutTheRope The Metal NFT’s essentially have their own rewards mechanism that boosts the underlying asset, but does not protect it from decaying.

$STRONG Q: Are you guys Using MATIC ( plasma bridge ) for asset flow and nft ( ERC721) .. from eth to polygon chain ? .. Will the monthly fees will be 15 dollar matic ? Or 15 $matic or something else

$STRONG A: @WithoutTheRope We may use $MATIC bridge, or one that we have developed for ERC-1155 and ERC-721. Monthly fees will still be in ETH, at least for now.

$STRONG Q: When website revamp

$STRONG A: @WithoutTheRope It’s always being updated. One of the new projects launching soon is for better mobile compatibility.

$STRONG Q: Hi David, What will be the maximum decay it can get to, will it get to a 50% drop? Or is this still under discussion?

$STRONG A: @WithoutTheRope Not certain. It will decay over time, but never reach zero.

$STRONG Q: When bitcoin nodes

$STRONG A: @WithoutTheRope Not sure of the usefulness of a bitcoin node vs a miner. But it’s something we’re looking at.

$STRONG Q: Will there be a floor in the decay model?

$STRONG A: @WithoutTheRope It will never reach zero, just decay over time, so will always be viable.

$STRONG Q: Is there a plan to put a cap on the $ETH nodes or will they be forever available?

$STRONG A: @WithoutTheRope No cap planned yet.

$STRONG Q: Hi david, what do you mean we would be compelled to migrate to contract 2.0? What will happen if we do not?

$STRONG A: @WithoutTheRope Hmm. Did I say compelled? Sorry about that. There will be a choice, with plenty of information to make that choice.

$STRONG Q: Where do you see the majority of revenues coming from ? Is it fair to compare STRONG - $AMZN ? Amazon started with books and you are starting with NODES. Could we see expansion in many areas that bring in great revenues ?

$STRONG A: @WithoutTheRope There will be MANY different revenue streams to support the community. That’s a question we can get deeper into over the next few weeks. We’re thinking BIG!!!!!

$STRONG Q: Any updates on the audit for the ETH 2.0 pool service contract? Or anything you can say about the requirements to join the pool? Have an amazing weekend

$STRONG A: @WithoutTheRope ETH 2.0 pool audit from Hacken has been received. Several remediation's are in process and will be submitted back to Hacken on Monday. The Certik ETH 2.0 pool audit is due on Tuesday, and we’ll also respond with any remediation's. (1/2)

$STRONG A: @WithoutTheRope After that, we’re just about ready to launch. There will be a Medium post as well as information in the APP to explain how it will work. (2/2)

That's is from this weeks AMA - Thank you @WithoutTheRope!

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