Node License NFT

Modified on Fri, 5 Jul, 2024 at 4:03 PM

When purchasing a node, users receive a Node License NFT, an ERC-721 token that serves as proof of ownership. These NFTs are essential for activating and operating nodes within the Wirex Pay network and can be traded or sold on secondary markets. This NFT-powered ownership offers several advantages:

Verifiable Proof of Ownership: The Node License NFT certifies ownership and operational rights over the node.

Transferability: After 360 days, the community will vote to decide when to enable the transfer of these NFTs.

Democratized Network Participation: Owning a node and its corresponding NFT democratizes the network, allowing individuals to participate in the network’s operation and governance.

Node Ownership Benefits

Running a Wirex Pay node comes with multiple benefits:

Continuous Rewards: Node operators earn ongoing rewards from Wirex Pay’s token supply and a share of transactional revenue.
Additional Airdrops: Node ownership may also provide eligibility for additional token airdrops.
Governance Rights: Node operators gain the right to participate in network governance decisions, influencing the platform's future.
Proof of Ownership: Each node license is represented by an NFT, providing clear and tradable proof of ownership.
Market Participation: These NFTs can be sold or traded on secondary markets, offering flexibility and potential profit opportunities.
Inclusive and Democratic: Node ownership allows individuals to actively contribute to and benefit from the network’s operations and growth.

How to purchase a Node License?

The process will consist of 3 stages:

Whitelist application: users can register for whitelist to get priority access to Node Sale, by visiting https://presale.wirexpaychain.com.
Whitelist Sale: only whitelisted users can participate in the sale. There is a cap on each tier, and nodes are sold on first come, first served basis.
Public Sale: the sale is open to all users.

The exact dates will be confirmed later.

Running a Wirex Pay node provides ongoing rewards and the opportunity to participate in the network’s governance. It offers substantial financial benefits, especially with the projected increase in earnings over time.