MNT Nodes & Staking.
Staking as an activity, and as an economic parameter, is the primary utility function and crux of the Minutes Network model.
Infrastructure
- Minutes Network is run on the staked MNT Node Infrastructure comprising 500 Switch Nodes and 2,500 Validation Nodes.
- MNT Switch Nodes: Provisioning Capacity
500 Switch Nodes provides the network with the ability to terminate up to 72 million minutes of traffic per day, equating to 10% of global wholesale voice traffic. If further capacity is required, more Switch Nodes can be added without limitation. - MNT Validation Nodes: Protecting Integrity
2,500 Validation Nodes continuously test the network to ensure the availability and operability of both Switch Nodes and end users. They also provide latency to keep the network functioning 24/7/365.
Staking
- All MNT Nodes are stakable and provide the only staking opportunities within the Minutes Network ecosystem. The minimum threshold stakes required to secure a node are 50,000 MNTs per Switch Node and 10,000 MNTs per Validation Node.
Rewards
- These are provisioned from an allocation amounting to 60% of the MNT Token Reward Pool (TRP) and is shared equally between the Switch Nodes (30%) and the Validation Nodes (30%).
- The Node Staking programme incorporates variable staking and dynamic algorithmic burning elements.
- The actual rewards dispersed are determined proportionately and dynamically according to the total number of tokens staked relative to the total MNT supply in circulation.
- Whilst each Node has a minimum MNT threshold stake, there is no upper limit on the number of MNTs that can be staked on any node. Increased global staking raises the overall rewards distributed and less staking increases the algorithmic burn.
- To prevent excess staking, all nodes are subject to a capital efficiency decay which reduces marginal rewards per token if there is too much staking to a particular node.
Your Questions answered
What are Switch Nodes and what purpose do they serve within the Minutes Network ecosystem?
What are Validation Nodes and what purpose do they serve within the Minutes Network ecosystem?
How many MNTs do I need to stake to secure a node?
How many Switch and Validation Nodes are available for staking?
How does the dynamic staking work and what does it mean for Node Stakers?
When does Node Staking commence?
How are nodes managed?
Can I bring my own device?
Can I set it up myself?
What hardware specifications do nodes require?
Can nodes be unstaked at any time?
Do I require technical knowledge to run a node?
Can I manage my own node?
Can I trade my node on the secondary / open market?
How do I stake for a node?
Can I own part of a node?
Are there any additional costs to running a node?
What software do the nodes run?
When will nodes be available?
Tokenomics
Join The Exclusive MNT Token Generation Event.
MNT is a stand-out crypto project, built on the base of the international telecommunications industry and driven by large-scale, regularised, fiat revenues.
Token Generation Event Progress
Total MNT Supply (100%)
500,000,000 MNTs
500,000,000 MNTs
Public Sale (10%)
50,000,000 MNTs
50,000,000 MNTs
TGE MNT Price Per Token$0.30
Minimum Threshold Staking Per Node
Switch Nodes (500)50,000 MNTs
Validation Nodes (2,500)10,000 MNTs
