Proposal for BTC Incentive Nodes on the NULS Network
Objective:
The goal of this proposal is to distribute BTC rewards to NULS nodes and stakers, demonstrating the NULS network’s versatility in supporting multi-Gas scenarios. To achieve this, we are applying for the creation of two incentive nodes funded by the community.
How It Works:
We propose to set up two NULS nodes backed by the community fund, and we seek the community’s approval to proceed with the following plan:
- Create two nodes with an initial staking of 20,000 NULS per node.
- Staking reward allocation: 80% (distributed to stakers).
- Total staked amount: 2 x 500,000 NULS.
- Estimated daily rewards: Around 100 NULS per day.
Distribution of Rewards:
- All NULS rewards generated will be used to trigger BTC reward distribution.
- Every 10 seconds (the average block time), a transaction will be sent to distribute BTC rewards across all active nodes/stakers in the network.
- As a result, every node on the NULS network will receive BTC rewards regularly, showcasing the network’s capability to handle cross-asset incentives.
This proposal not only provides additional value to node operators and stakers but also highlights the NULS network’s multi-asset support, attracting more participants and enhancing the ecosystem. We look forward to the community’s feedback and support.