Hugo C

[The Cypher University @GNET_University]

Last week, we had an incredible chat with Galactica's CEO @Sarvodaya_gala on the subject of Node Sales!

👉 What they are?
👉 What are the benefits?
👉 How can you get involved in Galactica's Sale?

Find the summary with timestamps below 📜👇

https://t.co/AueIZ0Apt2

🚀 Galactica Overview (02:42 - 11:34)

🔹 Galactica is the Identity Virtual Machine (IVM): #Ethereum brought you programmable money - @GalacticaNet is bringing you programmable reputation and privacy.

🔹A secure, encrypted passport of users' digital footprints, facilitating computation over private data uniquely tied to human identity.

🔹 Key Functionality: Enables Web3 interaction and encrypted identity management, creating a safe, verified "Internet passport."

💼 Node Sale Basics (11:34 - 21:56)
🔹 Efficient, Meritocratic Token Distribution: Node sales provide an equitable way for users to earn and participate.

🔹 Node Functionality: Nodes perform critical work, including securing the network, supporting community growth, and managing liquidity.

🔹 Galactica's Nodes can perform verifiable social work in addition to technical tasks thanks to its focus on Identity, Reputation, and Privacy!

Types of Nodes:

--- 1⃣ Galactica Citizenship Node (GCN): Comprehensive participation in Galactica’s network with the highest rewards.
--- 2⃣Galactica Node Shard (GNS): Fractionalized Nodes, with reduced rewards.

🔹 SBTs (Soul Bound Tokens): Represent node ownership and may come with licenses.

🔍 Benefits of the Node Sale Model (21:57 - 34:06)

🔹 Aligned Incentives: Participants who believe in and contribute to the network gain token ownership, keeping the ecosystem balanced and mission-focused.

🔹 Long-term Vision Reward: Greater ecosystem shares for top contributors, setting Galactica apart from VC-heavy or airdrop models by prioritizing network loyalty.

💰 Reward Distribution and Timeline (34:06 - 43:35)

Four Reward Sources:

1⃣Node Rewards: 13.6% of token supply over two years.
2⃣Merit-based UBI (Universal Basic Income): 6% over three years.
3⃣Validation Inflation: 11.08%
4⃣Additional Rewards: Community governance actions and participation in the innovation portfolio.

📊 Node Purchase and Referral System (43:36 - 52:34)

🔹 Purchasing and Referrals: While the exact limit per person isn’t finalized, referral discounts and distributor rewards are in place for the Node Sale.

🔹 Referral Link Mechanism: Users can generate referral links post-purchase, with primary distribution through Telegram.

🌐 Vision and Long-term Goals (52:34 - 01:03:04)

🔹 Web3 Tech Stack Completion: Galactica’s mission is to bring real people and social interactions onto Web3, bridging the real-world and digital spaces.

🔹 Three Years of Development: Ground-up creation with community receipts: We are building for YOU!

🔹 Upcoming presentations offering further insights.

🎉 Next Steps and Community Engagement (01:03:04 - 01:09:06)

🔹 Future Announcements: Stay tuned for new information drops and regular town hall meetings (Mondays on Telegram, Fridays on Discord).

🔹 Tutorial Support: Node sale process tutorial video is available for additional guidance

[The Cypher University @GNET_University]

Did you know...?

The fastest, most effective way to increase your #GNET earnings at mainnet is to complete the 'I am Galactican' quest line over on @zealy_io.

Once you've earned your Discord role, you can claim your first SBT in Galactica's CypherBook!

https://t.co/bz5Ca3Avpf

[Hugo C @Hugo_Cavard]

@charlybgoode_ Homer a beaucoup trop d'énergie, le reste semble plutôt cohérent.
Merci pour cette découverte !