New Nodes On The Block
Coins providing passive income has undoubtedly become extremely sought after in 2021. There has been a huge influx of protocols offering crazy APYs by simply staking their coin and enticing ROI’s for running Nodes as a Service.
With expensive Ethereum gas fees and no implementation of fractional nodes in sight for the OG $STRONG, the barrier to entry is too high for many. If you’re looking for an alternative then look no further as StackOS have officially released an announcement explaining how their node program will work and this may be the best NaaS yet…let’s take a deeper dive into it.
What is StackOS?
StackOS is a cross-chain open protocol that allows individuals and organizations to share their computing resources and collectively offer a decentralized cloud; where developers around the world can deploy any full-stack application, decentralized app, blockchain private nets, and main net nodes.
How will it work?
The Node NFTs will be mintable on the StackOS node webpage once the program goes live. A $STACK node will cost a fixed amount of $200 USD. This is paid in the token $STACK, as of right now, that is approximately 1900 stack per node. This amount changes based on the market price of $STACK so it floats based on the supply/demand.
The value of the node will increase as more rewards are gathered within the nodes. The rewards are trading fee shares, minting fee shares, and High APY if you take part in the $100 USD monthly maintenance payment in stablecoins. Taking part makes the most sense so let’s breakdown how to that will work.
- 50% of NFT trading fee shares distributed in ETH & MATIC.
For every Node NFT you mint, you will receive 50% of the trading fees of your current and future generation NFT trades in ETH & MATIC. So, the earlier you get in, the more the rewards. Not to mention that the NFTs intrinsic value also grows as more are minted and traded.
2. 580% APY Program.
In this program, you pay $100 in stablecoins monthly to unlock the 580% APY. When you pay, you receive $100 in $STACK instantly, which is available to withdraw without penalty in 3-months, and an extra $80 in $STACK locked within the NFT. The $100 in stablecoins amount is used to market buy $100 of $STACK executed by a smart contract to increase buying pressure.
You can claim your rewards earlier but it will be subjected to the following withdrawal fees:
- 1st month- 75%
- 2nd month- 50%
- 3rd month- 25%
- 4th month- 0%
3. Share of minting fees
You also receive a share of 10% in STACK tokens of the minting price of every new Node NFT.
In Summary:
It costs $200 in $STACK for a Node NFT.
If you pay $100 in stablecoins every month, you earn 580% APY. Claiming rewards every 3 months with no penalty allows you to use them to pay for your future months.
For example, $100 from month 1 will be used to pay for month 4, then $100 from month 2 will be used to pay for month 5 and so on (assuming $STACK price stays the same).
The $80 of $STACK earned every month, dripped over 1 year = $960
$960 + $200 (cost of node) = $1160
$1160/$200 = 580% APY (CAN CHANGE DUE TO THE PRICE OF $STACK)
Alongside receiving a percentage of all minting fees and trading fees, the ability to sell your Node in the future (you can’t do this with $STRONG) and cheap fees as the Nodes are on the Polygon Network.
I think $STACK is a good long term investment so I’ll be looking to buy the current dip. I see it as staking $300 for $80 a month indefinitely, which is something I just can’t pass up on. Let us know your thoughts on StackOS in the comments.
This is not financial advice. Please DYOR.
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