Reward System for Node Operators

The WeSendit Node concept is an important component of our ecosystem, allowing users to actively participate in the network by providing storage space. Users can do this either through their physical storage resources. Read more on how to start with a storage node here.

After installing the Storage node as a Docker container, the system must meet the minimum requirements to join the Mainnet. Our system is built with three layers: Testnet, Checknet, and Mainnet. Each Storage node must pass through all these layers to ensure the hardware operates correctly, and the network quality meets the highest standards. Details about the architecture and the network you'll find here.

Once the storage node passes the Testnet and joins the Checknet, it will start receiving data fragments, and the network will begin using your storage. Users will earn some incentives for this participation. After proving stability and reliability, the node will automatically join the Mainnet and receive full rewards.

WSI Pools

Node operators are rewarded from various pools with WSI, enhancing the attractiveness and profitability of participating in the network:

• Operations Pool:

  • The Operations Pool accounts for 10% of the total stock of 150 million WSI tokens and is allocated for node operators. There are multipliers of 2x, 4x, 6x, and 8x that can be applied to the storage space provided. Each node operator can receive one of these multipliers for a maximum period of 180 days, depending on specific activities.

Example: During the Initial Phase, a node operator receives 3 USD in WSI per TB. If a node operator provides 10 TB of storage space and receives the 8x multiplier, the reward is calculated as follows:

• Base reward: 3 USD/TB * 10 TB = 30 USD /Mo.

• With 8x multiplier: 30 USD * 8 = 240 USD /Mo. in WSI

This means that the node operator would receive 240 USD in WSI for providing 10 TB of storage space at 100% utilization for one month.

Reward Calculation

To calculate rewards and to get an estimate of your potential earnings as a node operator, our Reward Calculator will be available on the website app.wesendit.io/nodes after the presale.

This tool will help you calculate your anticipated WSI earnings based on the storage resources provided, scoring, and the utilization.

Rewards are calculated based on the average number of fragments your storage nodes host throughout the month. To balance out fluctuations, both upward and downward, we take snapshots of the fragment count twice daily and compute the monthly average. This method ensures a fair reward system for everyone.

Formula for rewards calculation.

Rewards = Sum(snapshots)in GB / days per month * 256 * reward per fragment

Where: 1 GB = 256 Fragments 3$ / TB

Your Dashboard provides all the details you need to monitor your node metrics.