About Canto Nodes, when will the project launch? August 2022
Can I sell my nodes after they are created? The nodes are NFTs that can be transferred to the wallets you want but can't be sold. (for now)
How long does it take to get my Game Rewards? Game Rewards are generated every second, you can claim them whenever you want.
Is there a limit of nodes I can own? No, there are currently no limits to the number of nodes you can own.
What is the gas cost to create a node? Gas fees will vary, depending on Canto network congestion and other factors.
Is there any penalty to sell, buy or claim? There is a penalty when you claim your rewards before the end of the Reward Period. The value of the penalty varies depending on the type of nodes you have.
Can I compound my nodes into other nodes to not pay the claim penalty? You can create a node specially with your pendings rewards.
There's an address who owns 50% of the tokens, and it's not a contract. Who is it? This address is what we call "distributionPool". It’s the address that distributes the rewards and retrieves the $CNODE when you create a node.
- distribUsePool wallet: TBA
Creating a new node triggers a series of transactions on the contract. Does that mean creating a node changes the supply of $CNODE?
The way the contract is structured, new nodes create a series of transaction operations. Those operations help maintain the liquidity pool, the protocol treasury, and the game reward system. Those transactions are good for the protocol and ensure a longer life cycle for the project by adding liquidity to the Rewards and Liquidity pool. As the Liquidity pool increases, the transactions will become negligible.
For every node created, 25% is converted to $CANTO tokens, and distributed as follows:
- Liquidity: 5%
- Treasury: 10%
- Team: 10%
Is the liquidity pool time-locked? Yes, the liquidity pool is time-locked.
Does the team hold any token? The team currently holds less than 6% of the supply.
Are the team tokens locked? The team has locked their tokens for 6 months until February 2023