Neuron Validators: A Full Guide on How to Stake
As part of the early growth of the node validator network on the NCN Chain, NeurochainAI is releasing a limited supply of Neuron Validator Nodes for early adopters.
What are the Neuron Validators?
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.
Key Benefits
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 the NeurochainAI ecosystem.
At least 40% of the total $NCN supply is allocated to Neuron Validators with the 15% of the total allocation pre-mined and vested on a daily basis to the Neuron Validator NFT holders over 365 days.
That is:
- Limited supply of 10,000 Neuron Validator NFTs
- 12,000 $NCNs must be staked to get a Neuron Validator NFT
- One NFT per wallet
- 180M $NCN vested for 365 days
- That is 493.151 $NCN per day, shared by the number of existing Neuron Validator NFT holders
How Does the Staking Work?
1. Obtain 12,000 $NCN
All - $NCN purchased from exchanges as well as earned $NCN through GPU connection or data tasks can be used for staking.
2. Transfer to the wallet you want to use for holding Neuron NFT
It’s one Neuron NFT per wallet. If you want to have more than one Neuron NFT, transfer 12,000 $NCN to each wallet. Don't forget to add a couple $NCNs for gas fees.
3. Stake 12,000 $NCN
1. Head to the staking page here.
2. Make sure that your wallet is connected to NCN Mainnet
3. Simply click on "Stake" button.
That's it, you have a Neuron NFT and start receiving rewards vesting every second fully available to you.
If you plan to own more than 1 Neuron NFT, login to NeurochainAI dashboard with separate wallets.
4. View your NFT and receive daily rewards
Node stakers' NFT key is used to identify Neuron Nodes as lite validators on the network and kick in the rewarding process.
You can always check your NFT info on NCN Chain: https://ncnscan.com/txs, and view rewards in on the Staking dashboard (make sure you're connected with the right wallet).
Please follow official channels and only trust information shared by official NeurochainAI accounts.
Neuron NFT Distribution Process
- Neuron 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.
- The vesting starts on the 16th of August.
- Post 16th of August, all new Neuron NFT owners will get first daily reward on the next day after staking.
Neuron 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:
AI Mining 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.
August Staking Overview
- Node staking opened on the 9th of August.In August 1022 Neuron Node NFTs were acquired.
- That represents 12,264,000 $NCN staked in smart contract.
- Total 11,342,466 $NCN were shared as daily rewards between the NFT holders.
- Meaning that the majority of the early Neuron NFT holders got back their staked amount in less than 2 weeks during August.
What's Coming up in September
In September 14,794,521 $NCNs will be shared amongst Neuron NFT holders. At the current Neuron NFT holder count of 1,133, that is 13,057.83 $NCN per holder.
Meaning each Neuron NFT holder gets back their staked amount in less than a month.
About NeurochainAI
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.
If you have any questions or concerns:
Send us an email at hello@neurochain.ai.
Create a ticket on Discord.
Post a question on Telegram.