Masternodes Page2019-04-05T18:36:34+00:00

Masternodes

Tier Nodes, System Requirements,
and more

Become an AXEL Masternode Holder

You have the opportunity to become a Masternode holder.

The AXEL.Network is powered by a Masternode community working to secure and authenticate the network.

As an AXEL Masternode holder, you will be an active stakeholder in building the largest decentralized network in the world, powering the next evolution of human connectivity. AXEL is partnered with a dedicated community of Masternode hosts to run the AXEL.Network.

AXEL Masternodes are tasked with
– approving transactions
– carrying the blockchain information
– writing new blocks to the chain
– maintaining the integrity and security of the blockchain network.

There’s more than one way to contribute to the future: We wanted to ensure both easy access to participation and stability for the network so we created a tiered Masternode system.

Masternode Whitepaper Supplement

For more information on our Masternodes please review the Masternode Supplement Document: Supplement to AXEL White Paper V2.0 – AXEL Masternodes

Proof-of-Stake (PoS) Consensus: Secure, Green, Sustainable, and Fast

The AXEL.Network incorporates a proof-of-stake (PoS) consensus algorithm for the purpose of transaction approval and updates to the AXEL.Network. Proof-of-stake consensus mechanisms require that each Masternode host stake a specified number of tokens in order to operate the node being deployed to the AXEL.Network.

This stake is considered collateral within the network to ensure the proper operation of each Masternode. In return for staking collateral, the Masternode host is given a reward (in the form of tokens) for their participation in the network. Proof-of-stake node holders have a vested interest in the security, integrity, and overall success of the blockchain associated with the network.

AXEL is a Green
Proof-of-Stake (POS)
Utility Token.

How Staking Works and What It Delivers

Masternode Tier Structure and Functional Assets

Masternode Tier Level Masternode Functional Assets
Tier 1 Masternode

Tier 2 Masternode

Tier 3 Masternode

IPFS Pinning Facility; IPFS Gateway; Root DDB; AXEL Master Wallet

IPFS Pinning Facility; IPFS Gateway; DDB Support; Masternode Wallet

IPFS Gateway; Masternode Wallet

What Taking Part Means

As with all Masternode networks, the AXEL Masternodes will generate AXEL Tokens to power the AXEL.Network and to compensate the Masternode holders for their participation in growing and maintaining the AXEL.Network.

Tokens generated by the AXEL.Network are awarded to Masternode holders in the following fashion:

Tier (# of Nodes) Required Token Stake (Collateral) Token Price* Cost Per Node* Estimated Token Reward Before 2020** Estimated Token Reward After 2020**
Tier 1 (50)

Tier 2 (1500)

Tier 3 (4000)

1,000,000

50,000

5,000

$0.20

$0.20

$0.20

$200,000

$10,000

$1,000

1%

6%

5%

5%

25%

20%

*Please note that the token price and the cost per node are exemplary and subject to change. Should the cost of the token be reduced due to promotions, events or other rewards, the token price and cost per node would be affected.
**Please also note that the token rewards for the calendar year 2019 are reduced to 15 tokens per block while the nodes are being deployed. Token rewards for calendar year 2020 and beyond will be 61 tokens per block. 

NOTE: The AXEL.Network will generate a total of 1 Billion tokens. Based on the above block rewards, the network will cease to generate tokens approximately 8 years after launch. Please note that block awards shown are for year 2 through year 8. Block rewards in year one are reduced to allow the organic growth of the AXEL.Network and to allow time for Masternode operators to join the network. Block awards shown in the table above are shared among all nodes at the specified tier. Nodes that fail to meet the staking requirements or that are not online and running are not eligible for block awards.

What’s Needed To Operate A Masternode: Configuration and System Requirements

Experienced Masternode holders can choose to set up their AXEL Masternode independently, or you may choose to work with AXEL through our Masternode Onboarding Program. You may also choose to host the Masternode on your own device or you may wish to have the Masternode hosted for you.

The following table provides the minimum requirements for each Masternode tier:

Tier 2 Masternode System Requirements Tier 3 Masternode System Requirements
Dedicated VPS with Dedicated IP Address (not IPv6)

Ubuntu 16.04 x64

4 CPU

8GB Ram

4000GB Monthly Bandwidth

Dedicated VPS with Dedicated IP Address (not IPv6)

Ubuntu 16.04 x64

1 CPU

2GB Ram

1000GB Monthly Bandwidth

It’s Really A No Brainer

We’ve fused together the best format for blockchain with fast and efficient distributed technologies and mixed in our own innovative thinking on building out content and data management.

GREAT TECH + PRODUCT + ADOPTION = A great Masternode project

GET A MASTERNODE NOW

Tier 2 and Tier 3 Masternodes Available March 2019

Tier 1:
50 Nodes
AXEL-Core

50

Tier 2:
1,500 Nodes
AXEL-Network

1,500

Tier 3:
4,000 Nodes
AXEL-System

4,000

AXEL.Network
5,000+
Masternodes

5,000

Potential Masternode Operators Contact: masternodes@axel.org
or use the Contact Form by clicking the button below.

CONTACT US TODAY!