All You Need to Know About Neuron Validator Nodes
Node Staking: Key Details
As part of the early growth of the node validator network on NCN Chain, NeurochainAI is releasing a limited supply of Neuron Validator Nodes for early adopters. NCN Chain is using a Proof of Work through Staking consensus mechanism to validate the work done on NCN AI - it's layer 3 through staking on Layer 1 - NCN Chain.
Key details:
- Limited supply of 10,000 Neuron Validator NFTs open up on TGE on FCFS basis
- Getting a Neuron Validator NFT is only possible through staking 12,000 $NCNs
- Neuron Validator NFT holders will be sharing 180M $NCN vested daily for 12 months from launch
- TGE along with Node Staking launch is planned for summer 2024 and will be announced closer to the date
If you want to learn more and stay updated about node staking, sign up here.
Neuron Validators are a crucial link between NeurochainAI’s native Layer 1 - NCN Chain and NCN AI - Layer 3 ensuring fair attribution of Layer 3 Proof-of-Work with accurate and verified $NCN rewards issued on Layer 1.
Community plays a vital role in the development and growth of the future of decentralized AI and is at the core of the NeurochainAI ecosystem. With a small $1.5M strategic round from key infrastructure partners and top Web3 KOLs, NeurochainAI focuses on a fair launch approach where community and key contributors are the majority token holders.
Nodes Staking: It’s NOT a Node Sale
Over the last 6 months, node sales have become a popular way to grow the validator network. NeurochainAI has chosen a more transparent community-driven model for validator node network growth. We’re following best practices from industry leaders such as Ethereum where a stable amount of native coins have to be staked to become a validator.
NeurochainAI believes that obtaining nodes through staking is the fairest way to grow a validator network. Here’s why:
- It’s 100% transparent with rewards known upfront
- It’s 100% decentralized with the same stake applied to all nodes
- It’s 100% democratic with the community having a fair chance to participate on FCFS basis
- It’s 100% logical without inflating FDV through tiered systems
Benefits: Why Participate in Early Neuron Validator Node Network?
Operating a Neuron Validator contributes to the decentralization of the NeurochainAI ecosystem and earns rewards for network participants. Neuron Validator NFT holders receive compensation for their early participation in NeurochainAI ecosystem.
At least 40% of the total $NCN supply is allocated to Neuron Validator NFTs.
With the following vesting (whichever comes first):
- 15% of the total 40% allocation is pre-mined and will be vested to the Neuron Validator NFT holders
- Vested daily for 365 days amongst NFT holders
- The projected ROI based on $NCN price can be calculated:
$180.000.000 / 365 / Node NFTs * market price
Potential daily vested $NCNs based on the number of Neuron Validators:
#of NFT holders Daily vested $NCN
3,000 164.4
4,000 123.3
5,000 98.6
6,000 82.2
7,000 70.5
8,000 61.6
9,000 54.8
10,000 49.3
OR
- Full pre-minded amount unlock in the event of new mining activity start
Additional Neuron Validators Nodes will be released as and when required for controlled growth of the network to avoid over-saturation.
The network is set to use a halving mechanism with an expected mining capacity reaching 50% within the first year of active on-chain mining.
BONUS: On top of validator rewards, Neuron Validators can choose to contribute their GPU resources to the DePIN AI compute and receive compute rewards for processing AI messages.
How Does the Staking Work?
- Users who participate in the node staking have to obtain 12,000 $NCN
- Transfer $NCNs to their wallet which is going to be used for validation
- Stake the coins in the smart contract available on NeurochainAI network
Node stakers will receive an NFT key. NFTs will be used to identify Neuron Nodes as lite validators on the network and kick in the rewarding process.
Clear rules and guides with official links will be announced closer to the date.
Please follow official channels and only trust information shared by official NeurochainAI accounts.
NFT Distribution Process
- Neuron Node NFTs are distributed via smart contract immediately after staking.
- NFTs will be visible in the owner’s wallet on-chain (can be checked on NCNscan).
- NFTs will be non-transferable for the first 12 months after the start of node staking. This is to ensure the stability and decentralization of the validator network.
- Validator network will be enabled in the first 12 months after the start of node staking. Initial rewards will be distributed via vesting smart contract.
Neuron Node NFT Hardware Requirements
As this is an early validator network growth, initially no hardware is required. As we start launching the node validator network and start testing, the following hardware will be required to operate a node:
GPU DePIN Node + Neuron Node:
- 8 GB GPU
- 8 GB RAM
- 100GB SSD space
- 4 core CPU
- Windows or Linux
Neuron Node:
- 4 core CPU
- 8 GB RAM
- 10-50 GB SSD space
- Windows, Linux, macOS
In addition to operating Neuron Nodes, the operators have a unique opportunity to choose to participate in AI compute by connecting to GPU DePIN and earn extra from transaction fees.
Depending on wether you choose to only participate in the validation or both - validation and AI compute, the above hardware requirements apply.
How to Run a Neuron Node?
As mentioned earlier, running a node is not required from the start.
Once the validator network goes live, to run a node you can choose to:
- Download a lightweight software package and install it on your device.
- Choose a Virtual Private Server (VPS) provider to host your nodes and run them manually.
- Choose one of our partner-offered Web3 based GPU clusters (will be announced closer to the date)
- Stake Neuron Nodes in farming pools where miners will run your nodes for you.
Running a node on hardware will only use GPU resources when there are AI computations that need to be performed by the network. It is lightweight and completely secure as it only taps into the hardware’s GPUs that don’t store any information so it can be run on a personal device too.
Upon validator network launch, rewards will only be distributed to Neuron Node NFT holders who actively participate in the network with their hardware.
More Details About Different Types of Nodes and the Consensus Mechanism can be found here.
About NeurochainAI
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NeurochainAI is enabling the AI-driven digital world
NeurochainAI is pioneering the decentralized AI compute market with a consumer-grade hardware DePIN to power the future of the $1.8 trillion AI-driven digital world. Its innovation in AI model quantization paired with consumer-grade hardware GPU DePIN, enables unparalleled scalability and cost-efficiency for businesses and developers to enter the AI revolution.
Initiated at the end of 2022 by an infrastructure engineer and a PhD in AI as a solution to their own challenges, NeurochainAI combines key components required to efficiently build, deploy, and operate AI solutions from a single platform.
Under a hud, NeurochainAI connects Layer 1 NCN Chain with AI Layer 3:
- GPU DePIN layer for AI compute,
- Community-powered data collection and validation layer,
- dApp layer including AI model marketplace, AI dApp store, and interoperability tools.
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