wow, this will be huge as I can see the success of the Indiego campaign with $2,3+ mil support/backed this project.
The DPR seems successful with a $2,4 mil volume daily trade. I will add it to my watch list and grab some on the right time
Not sure if you've followed on Telegram. This past week there have been a lot of announcements and details, as well as changes to their short term rollout.
First some of their supporting documents, as I'm only planning to update the confirmed information. A lot of future plans remain to be finalised, such as rewards for **organic mining
Whitelisting medium articleGenesis node mining explainedCurrent Events and Dates that have been confirmed July 27th, 2021 - Genesis node whitelising is open. (Details below)
August 1, 2021 - Staking event for Genesis Node. (Details below)
August 28th, 2021 - Deeper mainnet launch and Node activation
WhitelistingThis is being done on the
Deeper website link which can be found in the medium article above. This needs to be completed before the staking stage and requires signing up and then providing your personal information. There is no KYC officially done but this is the information they are using to ship out a Genesis node if you are selected. This stage also allows you to create a Deeper Network Wallet, this will be needed as it will tie to your genesis node for your rewards distribution. The whitelisting is being done to link all this together.
StakingThe only staking event currently ongoing is for the Genesis node distribution - Phase 1. This is to select the 1000 people that will receive a free Genesis Node. There are 8 tiers each with their own required staking amount and rewards structure. This is outlined in the Genesis node Medium article. Rules to this are only stake exact amount for the tier you will qualify, anything above will not earn rewards, below will leave you disqualified for that tier. Stake from a personal wallet, no exchanges or services you don't control yourt private key. If you aren't selected for Phase-1 you can remain staked for Phase-2 or unstake. If you are in the tier that is the cutoff for receiving a node, then the timestamp used for staking will determine who receives the Nodes. For example if there are 30 nodes left and 200 people staking 20K Deeper for Tier 1, the first 40 timestamped wallets receive the node.
There has been some information about how devices will build up their credit score to earn through organic mining. Rewards distribution begins at a minimum PoCR or Credit score of 100. You earn 1 credit for every 2 days you provide a minimum of 10MB. There is currently no way to grow your credit score faster. This is again all covered in the medium article linked above. The genesis node miners also have a chart displaying what you will earn in DPR during the staking period including the Phase1 staking bonus. They have launched a
calculator that breaks down the rewards you can expect for participating in Phase 1 Genesis node mining here.
* Mining in terms of Deeper Network refers to Bandwidth sharing, and rewards from Staking in relation to Genesis nodes (Phase 1 currently)
** Organic mining refers to miners that built their credit score up using Connect devices from 0, or Genesis nodes after the initial stake if they unstake all DPR tokens.
I will continue to pop in and provide information as it firms up.