STATIC (Services Transactions and Trusted-in-Control) nodes form the backbone of the XTRABYTES network. They perform a crucial role in the consensus, security, and governance of the platform. STATIC node owners receive transaction fees and service fees for the DApp modules they opt-in to host. They also help ensure security and PoSign consensus using state-of-the-art encryption hash technology (as every transaction block must be signed by a node).
Once mainnet comes online, STATIC node registration will begin. Once that occurs, investors will have a chance to register a STATIC on the XBY network. There will be three levels of nodes available.
Required deposits for STATIC nodes:
Level 1 is: 500,000 XBY or 330,000 XBY + 170,000 XFUEL
Level 2 is: 250,000 XBY or 170,000 XBY + 80,000 XFUEL
Level 3 is: 125,000 XBY or 85,000 XBY + 40,000 XFUEL
There are a total of 512 L1, 1024 L2 and 2048 L3 STATIC nodes at present.
Are there any plans to restructure the prices for statics as XBY increases in value?
The XTRABYTES team will modify STATIC numbers if community members decide STATIC prices are too high. At present, we do not intend to pursue such an action since many investors are patiently waiting to send in their STATIC deposits. As it stands, the XTRABYTES community currently perceives Level 1 nodes as amenable to corporate-level ownership (where a large corporation may seek to buy the STATIC from its initial owner).
Eventually, the community will have to decide if it is time for a “halving”. When halving occurs, STATICs double in number while coin numbers remain constant. If that were to occur, XTRABYTES would host 1024 Level 1 STATICs that held 250,000 XBY coins each. The same would occur for the other two STATIC levels. Thus, performing a halving would cut the the deposit requirement for each STATIC node in half. Node owners then have the option to either sell one or both STATICS, break one or both STATICS, keep both STATICS on the same server or for optimal results, keep both STATICS but set up a new server for the new STATIC.
Halving may occur any time deemed necessary, particularly if the market greatly expands. Coupling is also a future possibility if the market heavily retracts (since fewer STATICS would be needed to run the network).