Post
Topic
Board Announcements (Altcoins)
Re: 📢 [ANN]|SINOVATE(SIN) |PoB|PoS|PoW|LockReward|InfinityNodes|InfiniteChain|IDS
by
SINOVATE
on 14/10/2021, 07:11:22 UTC
I didn't quite understand how the node works. We are interested in the following points:
1. Does the node's deposit burn forever?
2. Does the node itself have a limited validity period?
3. Does ipv6 need to run the node?

Hi!
Sorry for the delay, got issues with the account!

The InfinityNode runs through committed contract of 12 months with the network in ipv4 and ipv6. The contract uses the principle of Proof-of-Burn mechanism which is equivalent to send coins to an non-spendable address. This will remove your coins from the circulating supply definitely like burning a piece of paper. During the 12 months, you will receive rewards. If you maintain an uptime of 100%, the InfinityNode will accumulate the whole amount used to commit the contract + additional APY (from 10 to 30% depending one the selected InfinityNode Tier).