- Four-Year Plan and Governance Vote:
- The project has an initial plan set for four years.
- After this period, a governance vote will be held to decide on the next steps.
- The reward pool will be replenished from slashing penalties and the treasury, ensuring its sustainability beyond the initial four years.
- Node Sales and Operation:
- The total number of nodes is capped at 100,000.
- Throughout the four-year period, the project will sell these 100,000 nodes.
- Efficient operation of these nodes is crucial for the network to function properly.
- The reward pool will be replenished after the initial period, so node operators don't need to worry about the long-term rewards.
- Selling Nodes: Node holders will be able to sell their nodes after the four-year period. The specifics of this process were not detailed in the session and may be subject to future governance votes and market conditions.
- Airdrop Towards TGE (Token Generation Event):
- The airdrop will occur in three phases.
- First phase 1.5% of the airdrop is not vested at TGE, meaning community will receive these tokens immediately.
- The remaining portion of the airdrop will be vested, meaning it will be distributed over a specified period to promote long-term commitment and stability.
- The best way to qualify for the airdrop is by staking tokens, encouraging active participation and engagement from the community.
- No need to KYC for airdrop, only for node holders.
- Shipping and Customs:
- Shipping and delivery are handled by the Edge team and are free of charge.
- However, customs fees depend on the regulations of each country.
- Even team members have to pay customs if their device is shipped to a different country from where it is shipped.
- Community Engagement and Support:
- The team emphasized the importance of the community’s support in driving the project forward.
- They expressed gratitude for the community’s ongoing support and feedback.
- The success of the project relies heavily on community involvement and interaction.
- Additional Information:
- Kartik provided information on shipping and customs, explaining that while shipping is free, customs fees are dependent on the recipient's country regulations.
- The session noted the importance of addressing community questions and ensuring transparent communication.
- Closing Remarks:
- The team thanked everyone for participating in the AMA.
- They highlighted the importance of regular interaction with the community and encouraged ongoing feedback.
- They expressed their commitment to building a great company together with the community’s help.
Key Takeaways:
- The project has a structured four-year plan with provisions for future governance decisions.
- The node sales and operations are designed to ensure network efficiency.
- Shipping is free, but customs fees are country-specific.
- The airdrop has three phases, with 1.5% of the tokens not vested, and the best way to qualify for the airdrop is by staking.
- Node holders can sell their nodes after the four-year period, though details on this process will be clarified later.
- Community support and feedback are crucial for the project’s success.
- Some technical questions about the main net cloud 4 role and checker on arb remain to be addressed in future sessions.
Overall, the AMA session was informative, emphasizing transparency, community involvement, and the long-term sustainability of the project. The team’s commitment to addressing community concerns and building a strong network was evident throughout the discussion.