I do not think that a model like this will work. It's just turning the power monopoly into node monopoly. A miner who have more nodes, his monopoly remain unchanged.
Maybe I am wrong, I hope this mechanism works better.
The power monopoly is theoretically caused by cooperative mining. In this project, the cooperative mining is irrational, which will generate a large number of miners instead of mining pools.
thanks, it looks like it will be better than Bitcoin.