Announcing the New Phoenix Global Node Ecosystem

Phoenix Global Node & Staking Tiers (PHB)

Staking Reward Mechanism

Currently Phoenix staking is done through the Insights Platform (insights.phoenix.global), where the application has a level of centralization involved in the staking protocol itself. We will soon migrate to a fully decentralized staking system via a Binance Chain-compatible smart contract, and eventually offer a Phoenix Global mainnet staking option as well (will yield same reward rates).

Summary on Tier changes from Phoenix & APEX:

  • Note that the original APEX Genesis (400k CPX ~ 1M PHB) tier is equivalent to the current Platinum. The current “Genesis” tier is 500k PHB, half of original APEX Tier with the same name.
  • The original APEX Supernode (2M CPX) tier is equivalent to the current Zirconium tier.
  • For users familiar with Phoenix staking, there will no longer be a Silver Tier, and the Gold Tier is now equivalent to Carbon. Genesis and Zirconium have now been added as mezzanine tiers.

Node Privileges, Roles & Functions:

Users that meet particular node tier requirements may be eligible to participate in additional roles in the ecosystem that will help network and platform function, value, and ecosystem growth. In the process these participants will be able to reap additional rewards other than the staking mechanism itself as mentioned above -

Phoenix Oracle Node Network

As Phoenix Global Oracle’s development is well underway (with Alpha expected to be released as soon as within a month), it will become an increasingly important functional part of the platform that participation of node operators will add substantial value. Oracles will need to be used for a variety of enterprise applications requiring real-time off-chain data feeds as well as the Horizon Platform itself.

  • Data Source Connections — Data Connectors and APIs that will connect to off-chain data sources and feeds.
  • On-Chain Contract Execution — the middleware protocols in charge of responding to data queries from other requesting Apps and smart contracts.
  • Phoenix Oracle Client — the basic node client that acts as the fundamental bridge between the on-chain and off-chain environments.

Supernode Eligibility

Any PHB holder that meets at minimum the Zirconium Tier is eligible for application to become a functional supernode, which comes with additional incentives coming from various network and platform-related fees. Supernodes typically fit one or more of five categories:

  • Early Investors
  • Tech/System Integration Partners
  • Community Contributors
  • Marketing Partners
  • Strategic Partners (enterprise users, ecosystem partners)

Supernode System Spec Guidelines

  • Minimum 8 Core Processor (16 Core Recommended)
  • Minimum 16 GB RAM (32 GB Recommended)
  • 1 TB SSD (2 SSD Recommended)
  • Redhat , CentOS, Ubuntu
  • AWS or Azure Recommended
  • DDOS Protection

Network Requirements

There will be strict network and connectivity requirements for Supernodes:

  • 50 MB of outbound bandwidth (100 MB recommended)
  • Ping value should not exceed 500ms
  • Managed Services

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Phoenix

Phoenix

391 Followers

Phoenix is an L1 and L2 blockchain infrastructure, empowering intelligent Web3 applications, focusing on the next generation of AI & Privacy-Enabled Web3 Apps.