Update on the Validator fee structure
As we have been discussing in the various forums, the time has come for a change in the validator fee structure.
After a number of polls, the team felt that the community could not come up with a decisive conclusion. But more importantly, the team was extremely surprised that no more than 200 people participated in the polling that could change the payment structure of the fees.
Thus, the founders and the core team came together to discuss the issue further from various angles.
This is our conclusion.
Running a human node has always meant more than just keeping your node online. You're not a server. You're a person. That’s the whole point. Humanode runs on real human presence, not just uptime.
But let’s be honest:
Too many validators seem to be here for passive yield.
Too few show up in the community.
Too many faces, not enough humans.
If we were just aiming for more nodes so that we could claim to be the most decentralized, the chain with the highest Nakamoto Coefficient, that would have been fine.
But as we all know, we are looking beyond that.
One of our main goals is to not only have the most decentralized blockchain, but also have the most decentralized and democratic DAO. One human = One node = One vote.
We are striving forward for the day to come, when thousands of people will have equal proposal and voting rights to the founders and core members.
When Humanode is truly run by the community of human nodes, not only by the founding group.
As we are sure you are all aware by now, we are aiming towards having the foundational framework of Vortex (the Humanode DAO) in place by the end of the year. Yes, the actual implementation depends on the speed of development. You also know that it is a major challenge, as we are not just whipping together apps and code that are lying around.
Yet, we strongly believe that it is time to start gearing the mindset of our validators, our human nodes, towards the advent of Humanode Governance, which requires the participation of the nodes.
Thus, we will be trying something new as part of the grand social experiment.
We will be holding weekly polls in the #validator-polls channel in the Humanode Discord.
If you manage to get 84/84 epochs AND vote in the weekly polls (which will last for 3 days), you will receive the full $25 a month..
If you only manage to attain 84/84 epochs, you will receive $12.
Yes, $12 will be enough to run the basic cloud nodes, and you will not be losing anything, but you will only get the full $25 if you participate in the polls.
For now, we will call it Proof-of-Polls, or PoP.
In order to participate, you will need to link your Discord Account, which has been bio-authenticated with the current version of BotBasher, to your node address in polkadot{.js}.
You can follow the following steps to link your Node to your bioauthenticated Discord account: https://link.humanode.io/guide/validator-address-submission
Some may say that all it does is add a few extra clicks per week. We agree. This is the first step.
Participation in the community goes beyond answering a simple poll.
In the future, as Vortex nears, we may add additional tasks or options that people can use to replace PoP, and earn actual PoD (Proof of Devotion) by participating in projects or tasks, or development.
The fee structure might also change again depending on how this experiment goes.
But for now, this is how it shall be.
Participate, be seen (by participating in the polls), and earn the full amount. If you just want to earn the baseline $12, feel free to run your nodes in the dark, as is. As those who keep their nodes up, even without full participation, are also valuable assets on Humanode.
Oh, and by the way, if even only half of our current ideal 84/84 human nodes (700/1400) participate in this experiment, we would not only have the largest one person - one vote platform in the space, but we would have even more voters than the US Congress.
The first poll will be out tonight, open for 3 days, and will decide the rewards distribution results for the next week.