We are happy to announce the deployment of nodes on the test network.
Dear users!
Within the month the nodes will be deployed in the test network for validators
The heart of the EYWA Protocol is a network of relay nodes that perform a validation of cross-chain calls coming from various networks. The network operates on the Roll-DPoS mechanism, which provides broad opportunities for scalability and provides high network security. So far, we have tested our system on 10 nodes distributed all around the world.
In prospect, the EYWA relayer network will consist of several hundreds and even thousands of nodes, and now it is very important for us to make sure in the “field conditions” that the network will work stably at high loads with a large number of validators.
With regards to this, in 2022 we are beginning an open testing of the EYWA relay nodes network. To do so, we announce a set of test participants who will be able to deploy nodes on their servers according to the instructions that will be provided by our team. During the testing process, our team will test various hypotheses about the functioning of the network in difficult conditions, and refine the client of the EYWA relay node in accordance with the test results.
Conditions for the validators’ round:
Total number of participants: 300.
Each participant will be able to purchase 100 000 EYWA tokens at $0.12 per token to deploy the node. The cost of EYWA token on IDO will be $0.2.
Participants’ tokens will have a vesting period: they will be locked for 16 months after node deployment. After 12 months, 50% of the total will be unlocked. The remaining 50% of tokens will be unlocked gradually over the next 4 months.
Tokens cannot be unlocked until all conditions are met.
If more than 300 applications will be received, validators will be selected via a public lottery
Participation in the deployment of nodes on the test network for validators automatically confirms that participants agree to the following conditions:
Participants in the validator's round must participate in the testing phase of the network, deploy a node, and maintain it during the testing phase of the network.
The total running time of the node participating in the testing phase must be at least 10 days during the testing period. The total operating time is recorded online on a specific Harmony One network smart contract.
Participants must maintain the node after going online in the main network. The total operating time of the node, after the launch of the mainnet, must be at least 9 months from the start of the main network. The total uptime is recorded online on a specific Harmony One network smart contract.
System requirements for the server:
OS: Ubuntu >=18
Processor: Core >=2
RAM: >= 4 GB
Storage: SSD (NVMe SSD recommended) >=128 GB
Rewards:
Validators will receive a 10% annual return on their share of EYWA tokens.
Each validator has the ability to attract delegates (third-party participants) and set a commission, thereby increasing the profitability. The maximum number of delegated tokens is 500% of the validator's rate.
The rates and rewards management will be carried out by means of smart contracts in the Harmony One network through the interface of the EYWA platform.
Thank you,
EYWA Team