In this post:
- What is Myria Node Distribution
- What is the distribution point system
- How much MYRIA is allocated as Myria Node Rewards
- Where will MYRIA tokens be distributed
1. What is the Myria Node Distribution
Myria Node Distribution refers to the act of distributing MYRIA and other in game tokens through the ecosystem via the operations of Myria nodes. Myria node operators who run their nodes for the minimum required time period in each cycle will received daily $MYRIA distributions. Distribution works on the basis of a point system.
When considering the rational behind MYRIA node distribution:
- Adoption: to attract ecosystem supporters to own and operate nodes
- Optimising sustainability: to incentivize node operators for many years to come so they can continue to support and add value to the ecosystem
- Increased scarcity over time: As the distribution of $MYRIA will reduce over the years whilst demand and utility of MYRIA will expect to increase. This helps to strengthen the price of the token.
2. What is the distribution point system
The point system is used to determine how MYRIA will be distributed on a daily basis. Myria Node operators must operate their nodes for 6 hours a day in order to receive their Myria node distribution points. Node operators who run their Myria Node for this required time will receive distribution - each node license rewards 1 point.
Example: If a person owns 3 Myria Node Licenses and runs all 3 nodes for a minimum of 6 hours per cycle, then the person will receive 3 points.
The daily MYRIA amount may vary depending on the number of distributed points in this distribution cycle.
Myria Node operators who fulfil the daily quote and keep their node online may also be eligible for exclusive NFTs that can be used in Myria ecosystem of games. Note: NFT items are a bonus reward, not a guaranteed reward
3. How much MYRIA is allocated as Myria Node Rewards
36% of the total MYRIA token supply is allocated for Myria node rewards. MYRIA token is distributed on a halving schedule (halving occurs every 2 years).
4. Where will MYRIA token be distributed
MYRIA node token rewards will be distributed on Myria L2 into each node operators' Myria account. Distributed rewards will remain off chain until node operators claim their rewards.