In this post:
- What are Myria Node Referrals
- How do Myria Node Referrals work
- How can I generate the unique Referral URL
- How will existing Node owners be rewarded for successful referrals
- How are Myria Node Referral rewards claimed
- Where will $MYRIA tokens be distributed
1. What are Myria Node Referrals?
Node operators play a crucial role in the Myria network, contributing to its security and stability. The Node Referral Program will allow existing node owners to invite their friends to join the Myria network and earn additional rewards in MYRIA when a referral purchases a Myria Node License.
2. How do Myria Node Referrals work?
All Myria Node License owners are welcome to participate in the Node Referral Program by following the steps:
- Visit your Myria Node dashboard
- Copy your unique referral code
- Share it with your friends
- Have the referee register with your code, deposit MYRIA and purchase a Myria Node
- (the referee can check the referral code is being used by viewing the URL, if the referral code is present then they can proceed)
Here's an example of how the URL will look (the unique code will be appended to all pages you visit during the session, including the Node purchase pages
https://myria.com/?code=4TWNMHBKVW
3. How can I generate the unique Referral URL?
Existing Node owners can generate the referral URL from myria.com/nodes/dashboard/
4. How will existing Node owners be rewarded for successful referrals?
IMPORTANT: Since the node pricing change made on 08/12/2023 the batches below are not as transparent as previous. The batches still exist and the method for reward distribution is the same, however, we'll make an update shortly that makes it clearer which node referral batch we're currently in.
Once a referee purchases a Myria Node License, you’ll become eligible for additional MYRIA rewards. The number of MYRIA tokens a user can receive is determined by the number of Referral Points earned. While the exact amount of MYRIA per Referral Point is fixed, earlier batches have more points.
Node Batch # | Node Batch Size | Points per batch # | Fixed MYRIA per point |
1 | 3724 | 240 | 336 (Rounded from actual 335.8208955) |
2 | 3724 | 160 | 336 |
3 | 3724 | 120 | 336 |
4 | 3724 | 100 | 336 |
5 | 3724 | 80 | 336 |
6 | 3724 | 60 | 336 |
7 | 3724 | 40 | 336 |
8 | 3724 | 40 | 336 |
9 | 3724 | 40 | 336 |
Taking an example from above, let's assume an existing Node owner successfully referred 1 new node owner and the purchase was completed in Node Batch 1. In this scenario, the equation for the number of points earned, is as follows:
1 (number of successful Referrals) x 240 (Points per batch due to purchase being from Batch 1) x 335.8208955 (Fixed amount of Myria to be distributed per point) = 80597.01492 (MYRIA to be distributed to referrer)
5. How are Myria Node Referral rewards claimed?
Up to 1-2 cycles after the purchase transaction is successful (for the referee) the rewards will become claimable from myria.com/nodes/dashboard/rewards/
A successful referral may not be immediately present on your dashboard. Once the prerequisites of the Referral Program have been completed, it may take 1-2 cycles for your Node Referral reward to become available for claim. This delay occurs while we confirm the transaction on the Ethereum network.
Please note: Myria Node Referral Rewards are subject to an Early Claim Fee
In accordance with the distribution of Node operation rewards, an Early Claim Fee will be applied to Node Referral claims if the claim is made within 6 days of a successful referral. If you allow your Node Rewards to vest fully (reach 100% of their value) then you can claim after 7 days without needing to pay an Early Claim Fee. There is no automated distribution of rewards for Node Referrals.
The vesting schedule is as follows:
Day 1 | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Vested Reward | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
Please note: Myria Node Referral Rewards are not automatically transferred to your Myria Wallet
Node Referral rewards behave differently to daily Node rewards, Node Referral Rewards must be claimed by the user and will remain as unclaimed rewards until the claim process is completed.
6. Where will MYRIA token be distributed
MYRIA node Referral rewards will be distributed on Myria L2 into each node operator's Myria Wallet. Distributed rewards will remain off-chain until node operators claim their token rewards to their MYRIA Wallet.