Honestly straightforward rules, but a 10-year lockup with non-transferable nodes is a massive commitment ngl ๐
But still the emission schedule heavily rewards patience, assuming the token retains value that far down the road
BLOOM Virtual Nodes Litepaper V2
Activate a Virtual Node with 200 $PLS.
Each Node earns $BLOOM every second until the 10-year program ends.
Nodes stay connected to your wallet, in the smart contract and cannot be sold or transferred.
BLOOM Virtual Nodes Launch Process
1) During the launch of the Dapp, a 24-hour window will open, allowing everyone to purchase Bloom Virtual Nodes.
2) After the 24-hour window closes, the 10-year Virtual Node program officially begins and all active Nodes start accumulating $BLOOM every second.
3) Users can still purchase Bloom Virtual Nodes after the program has begun.
Main Details
Cost : 200 $PLS per Node
Maximum : 1,000,000 Nodes
Program Duration : 10 years
Rewards : can be claimed every 30 days
Maximum Earnings Per Node : 550,000 BLOOM
More Nodes = more BLOOM earned.
Bloom Emissions Schedule
Year | BLOOM per Node
1 5,000
2 10,000
3 20,000
4 30,000
5 40,000
6 55,000
7 70,000
8 90,000
9 105,000
10 125,000
Total 550,000
A Node starts earning when the 10-year program officially begins following the 24-hour activation window.
To earn the full 550,000 BLOOM, the Node must be active for the entire program.
Claiming Rewards
All of your $BLOOM rewards can be collected every 30 days.
If you wait longer, your rewards simply keep accumulating.
**Important Rules**
* $PLS used to activate a Node is not refundable
* The Node price, Node supply, reward schedule, program dates, and claim period are fixed in the contract
* Virtual Nodes are not blockchain validators
* Virtual Nodes do not guarantee profit or monetary value
* BLOOM price and liquidity can change
Simple Summary
Activate Nodes with PLS.
Nodes earn BLOOM every second.
Claim Bloom rewards every 30 days.
The program runs for 10 years.
#Bloom #Bloomterminal #Pulsechain #PLS #Pulsex #DeFi #Crypto
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