REAL-TIME PAYMENT BLOCKCHAIN

RTA Supernode Mining Release and Stimulus Plan

As we are nearing the “RTA Supernode Mining” mainnet launch, we wanted to take this opportunity to offer some further detail and logic around this upcoming release and the stimulus plan that goes with it.

To remind everyone, the goal of supernode mining release and stimulus plan is to get the network to a robust state ahead of launching the Point-of-sale transaction support on the mainnet.

In reviewing typical returns in the masternode space today, we have seen a wide range of numbers – from 0.6% / mo. on Dash to significantly higher on lesser known masternode coins. Based on market data, the state of our network, fixed costs of running a supernode and other factors, we estimate GRAFT sweet spot to be approximately 4-5% / month at this time.

Now, our measure of a healthy network ready for point-of-sale launch is between 250 and 1,000 active SuperNodes. Too many would mean that the returns would become too small and the supernodes operators would become disinterested. Too few would mean that the integrity of the network would be in question. We also need to make sure that the stimulus returns can be sustainable later with live transactions – for example a 5% return in a 1000 SN network at today’s prices would translate to roughly $5M in sales transaction volume across the network at current GRFT price level.

In summary, we anticipate an initial stimulus package at 2,500,000 GRFT / mo. with the goal of reaching network participation of 500 SuperNodes, at approximately 5% monthly return per SuperNode.

We will reevaluate the stimulus plan periodically during the RTA mining phase as we gather more data. Stimulus transactions will continue into point-of-sale ready mainnet launch and will be phased out as the real network sale transactions ramp up.

RTA stands for Real Time Authorizations (GRAFT’s second layer core functionality)
The stimulus transactions will come out of the Reserves funds.

More Information on Supernode Staking

Update:

To clarify what’s included and not included in this Supernode release:

Included:

  • support for staking transactions (cold wallet)
  • RTA authorization sample selection and RTA transactions (using p2p communication protocol and blockchain-based qualification list of supernodes)
  • RTA fee distribution
Not included:
  • RTA flow (sale, pay, etc)
  • client support

About GRAFT Project

GRAFT is a blockchain based payment processing network the functions similarly to a credit card processing network with off-chain authorizations and in-network atomic swap based interchanges. The network is completely decentralized, able to work cross borders and adapting to local regulatory environment. In addition to decentralization, GRAFT solves four biggest problems that exist in cryptocurrency at a point-of-sale today – privacy, speed, fees, and integration. Technically, GRAFT Network is a two layer (proof-of-work and proof-of-stake) blockchain with proof-of-stake based authorizations and economically incentivized participation with opportunities for mining, authorizations, in-network exchanges, gateway hosting, merchant services, etc.

GRAFT is open-platform, open-source, community project.
Opportunities are available to invest in GRAFT project with additional funds going towards marketing, liquidity (exchanges), additional dev resources, and new initiatives. If you are a qualified (accredited) investor who’s interested, please contact us at invest@graft.network and we will work to match you up with an appropriate investment option.

And of course we will never say no to project donations, providing you with lots of karma points (and an honorable mention on GRAFT site). To donate please send an email to info@graft.network and we will generate a unique donation address for you.