Mining and Rewards
Earning a NCash token is multidimensional. Multiple complex equations are involved to calculate the earnings over a period of time. However, we will provide some simplified concepts for the community to cover their expected earnings. In this context, when it comes to reward we have kept in mind every possible stakeholder of our network.
How will you earn NCash token from Nitro Ion Miners?
- The Nitro Network rewards miners and nesters for building network infrastructure and providing wireless coverage. They are rewarded in Nitro Network’s native Token which is NCash.
- Apart from the above, there are rewards for providing coverage, validation, data governance and security.
How do Miners and Nesters earn NCash?
NCash will follow a mint-and-burn equilibrium model. The NCash minted will be utilized primarily for three things - Building Infrastructure, Data Network Rewards and Team & Investors. Each of these three major segments contain smaller units. For the first year infrastructure is 41%, Data Network is 24% and Team & Investors is 35%. We will achieve this target using the parameter EPOCH*
NCash will be minted every 30 minutes and will get distributed in different subsections of infrastructure, data network and team & investors. More information will be provided regarding this soon.
*Epoch = 30 minutes
This will be distribution for the same:
- The Network Infrastructure Mining Reward gets distributed to Miners and Nesters in the ratio of 80:20.
- The Network Coverage Validation Reward gets distributed based on how many times ION sensors respond to NOS (Nitro Operating System) sentinels.
- Validator Staking Reward is for people who participate in the Nitro staking program and earn as per current APR and amount staked.
- Network Data Transfer is dependent on data usage and data packets transfer data. The above mentioned percent is the upper limit for the same. In that case also, Miners and Nesters both get rewarded at the ratio of 80:20 of mining rewards by a particular ION miner.
- Minting of NCash tokens is subject to market conditions and factors which may have adverse impact for the community and company. Under certain conditions, minting and distribution of NCash will be controlled by Nitro Network, keeping every stakeholder’s benefits into consideration.