Node.sys Insights. Episode 3. July 2024
🎙 Welcome to a new episode of the Node.sys Insights podcast!
In this episode, CEO Andy Khamichonak addresses the most important questions from our community and covers these key topics:
🔹 Conditions for launching a masternode
🔹 NYS token pre-sale 1st round deadline and upcoming price change
🔹 Strategy of the Node.sys management team
🔹 Announcement of a special event in August
🔹 Updates from the Cellframe Network ecosystem
📺 Watch the full episode here:
https://www.youtube.com/watch?v=J4PzNifXql4
—
📄 The text version of the podcast is available here:
Nodesys Insights, Episode 3, July 2024
—
Hello, community! Welcome to a new episode of Node.sys Insights.
This July marks a significant milestone for Node.sys as we celebrate our 2nd anniversary. Over the past two years, we've made remarkable strides in developing innovative solutions and building a robust community around our vision of a decentralized platform for the Internet of Things.
From our first version hardware nodes to the upcoming NYS token pre-sale, our journey has been filled with groundbreaking achievements. We've grown into a vibrant and supportive community that shares our passion for decentralization and blockchain technology.
Last week our team had the pleasure of meeting with our partners from Cellframe in the Academy Town of Novosibirsk. This gathering was a fantastic opportunity to strengthen our collaboration and discuss future plans.
As we celebrate our 2nd anniversary, we are more excited than ever about the future. Our partnership with Cellframe and our dedicated community will drive us to achieve even greater heights.
A huge thanks to all of you for being a part of our journey!
And now we will answer the community questions:
—
1. How many NYS tokens will be needed to run a masternode
Our management team has decided to change the value and raise it to 300,000 NYS tokens. And here is the explanation.
As we pre-developed our decentralized IoT platform and analyzed the security and stability needs of our network, we realized that raising the collateral requirement would better serve our goals.
By increasing the collateral requirement to 300,000 NYS tokens, we are ensuring that validators have a significant stake in the network. This higher stake reduces the risk of malicious behavior, as validators have more to lose if they act against the network’s best interests.
A higher collateral requirement helps in maintaining the economic stability of our ecosystem. It ensures that validators are committed for the long term, which in turn contributes to a more stable and predictable staking environment.
We believe that validators with a larger stake in the network will be more trustworthy and reliable. This move aims to foster a community of validators who are deeply invested in the success and integrity of the Node.sys platform.
Network conditions will attract professional validators who have the resources and expertise to run nodes efficiently. We strongly believe that the validator community will improve the overall performance and reliability of the network.
Important information for future validators: having a hardware node will not be a requirement for validation on the network.
Node.sys staking program will initially include simple staking. Our managing team is currently evaluating the potential for a future LP staking program with mNYS collateral certificates. Once the simple staking program is ready to launch, we will announce it on our social media channels. Stay tuned for updates!
—
2. Specify the date of the NYS token pre-sale completion
The NYS token pre-sale will be conducted in multiple stages to allow for broader participation and to gradually build momentum as we approach the IDO and exchange listings.
The first stage of the pre-sale is currently ongoing and will run until August 23rd. During this initial stage, participants have the opportunity to purchase tokens at a price of 3 cents per 1 NYS token.
After August 23rd, the price of NYS tokens in the pre-sale will increase. This incremental price rise is planned for each subsequent stage of the pre-sale.
The date of the NYS token pre-sale completion will be announced later on our social media.
We'd like to remind you that the opportunity to pre-order the Node Pro is still available on our website nodesys.io.
We provide detailed video instructions on how to place your Node pre-order on our YouTube channel.
The Node Pro is priced at 599 USDT and the price will remain constant.
—
3. Considering the dynamic NATURE of the crypto market, how does your project plan to adapt to emerging trends and technologies, ensuring its continued relevance and success in the long run?
Great question! Our approach to staying relevant and successful in the rapidly evolving crypto market revolves around three key strategies:
First, we are committed to continuous innovations in our hardware and software solutions. Our team is always researching and integrating the latest technological advancements to ensure our products remain cutting-edge. This includes adopting new blockchain protocols, enhancing our decentralized Internet of Things platform, and improving the functionality and efficiency of our hardware nodes.
The next thing is that we place a strong emphasis on engaging with our community and ecosystem partners. By maintaining open lines of communication with users, developers, and industry experts, we can quickly identify emerging trends and adapt accordingly.
Regular feedback sessions, AMAs, and community-driven development initiatives ensure that our roadmap aligns with market demands and user needs.
By the way, forming strategic partnerships with other innovative projects and industry leaders is crucial for staying ahead. These collaborations allow us to leverage new technologies and expand our reach. For example, our partnership with Cellframe has already brought significant benefits, and we plan to establish more such alliances to stay at the front of the industry.
By focusing on this strategy, we remain adaptable, innovative, and well-positioned to thrive in the dynamic crypto market. Our goal is to continuously deliver value to users and contribute to the broader blockchain and IoT ecosystems.
—
4. Will there be joint Celframe and Node.sys events in the near future?
Yes, and we are glad to announce a special joint AMA session featuring the Cellframe and Node.sys this August.
We will share first hand updates and insights from our teams, so feel free to ask your questions.
In a joint AMA session you will discover what’s next for both Cellframe and Node.sys, including upcoming milestones and stratígic goals.
The date of a joint AMA session will be announced later on our social media.
—
5. From this episode of Node.sys Insights we will also talk about Cellframe ecosystem news
Let’s start with a Cellframe Network news:
The team is busy preparing a two-way bridge mode, enhancing cross-chain communication.
The design department is busy revamping the Cellframe website to improve UI/UX, update informative texts, and enhance the F.A.Q section for a better user experience.
On July 25, Cellframe held its monthly AMA session with Dmitry Gerasimov, who answered community questions live, providing valuable insights and updates.
Also, we are excited to announce the upcoming release of the Cellframe online store, where you'll be able to purchase Node.sys hardware nodes and corporate merchandise.
Let’s move on to a Dotflat project whose team is actively filling social networks with posts about the flatcoin and its benefits. Additionally, they are preparing a comprehensive White Paper to detail the project's vision and objectives.
KelVPN QA department is currently testing the new version of macOS software to ensure it meets the highest quality standards.
Stay tuned for more updates as we continue to innovate and expand our ecosystem!
—
6. And now, at the end of this podcast episode, we want to show you video footage of how our team started its work 2 years ago.
So, let's take a look!
—
Stay connected with Node.sys for more insights and updates! 📢