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Emerald Nodes Whitepaper

Overview

Emerald Nodes intends to serve as a pillar supporting the large majority of the Avalanche (AVAX) network by incentivizing nodes through Nodes as a Service (NaaS). We aim to be the first truly sustainable NaaS protocol on the Avalanche network.

As the daily number of smart contracts deployed on the Avalanche network grows at an exponential rate, the network will need to rapidly scale its sustainability in terms of its capacity for volume and traffic. Unfortunately, there is a high barrier of entry and little incentive to run an Avalanche Validator. Emerald seeks to strengthen the backbone of the network, by adding rewards to running nodes and hosting validators for our investors making it more user and developer friendly.

For now, Emerald nodes will only be available to run on the Avalanche network, though in the future Emerald nodes will exist on a large multitude of networks.

Users will be able to set up a node in seconds with a few clicks of a button, and start yielding rewards immediately.

EMERALD Facts and Definitions

  • EMERALD: A governance token
  • Name: Emerald Nodes
  • Symbol: EM
  • Emerald Token Contract Address:
  • Network: Avalanche
  • Decimals: 18
  • Original supply: 500,000
  • Circulating supply: 175,000
  • Supply allocation:
  • 50,000 for marketing, developers and the team
  • 25,000 allocated to angel investors
  • 100,000 circulating/Liquidity (50k at ICO)
  • 325,000 in the rewards pool
  • Contract address: 0x97E7044ab98B7891546485f5f66EDcc2F58be106
  • Token ICO on 2/1
  • 0.33 AVAX per token at ICO
  • Taxes: 2.5% buy tax that goes towards liquidity and a 2.5% sell tax that goes to the treasury.

Node Information

  • Currently the only type of nodes available will be Nodes as a Service (NaaS)
  • Level of Effort: A few clicks and a few seconds
  • Claiming: Every block
  • Community Contribution/Cost: 10 EMERALD, 5 EMERALD for tier 5
  • Backing per node: Treasury balance/total supply of nodes= How much the treasury will pay for your node, the node is then burned.
  • 100% of our validator profit will be put into the node rewards pool.
  • Minimum contribution: 1/4 of a node
  • Nodes are transferable
  • Auto compounding available
  • Once you purchase a node, the rewards will never change for that node

Tiers and Rewards

There are 6 total node tiers (X-5). Each tier pays out different rewards.

Note: Yield is measured per 24 hours.

Tier X (500 available, 500 reserved for WL members)

Yields 0.5 EMERALD daily. Cost 6 $EM and 1 AVAX.

Tier 1 (1,200 available)

Yields 0.2 EMERALD daily. Cost 6 $EM and 1 AVAX.

Tier 2 (7,500 available)

Yields 0.1 EMERALD daily. Cost 6 $EM and 1 AVAX.

Tier 3 (15,000 available)

Yields 0.075 EMERALD daily. Cost 5 $EM and 1 AVAX.

Tier 4 (25,000 available)

Yields 0.06 EMERALD daily. Cost 4 $EM and 1 AVAX.

Tier 5

Yields 0.025 EMERALD daily. Cost 2 $EM and 1 AVAX.

*NFTs are only applicable to tier 5 nodes.

node tiers graph

Distribution of Node Cost/Contribution

  • 20% to node setup and maintenance fees and setup (one time payment)
  • 7.5% for future use
  • 7.5% put into treasury
  • 5% distributed to those who add to the AVAX-EMERALD Liquidity pool (not available at initial node launch)
  • 60% into node rewards pool
  • Distribution subject to change over time

Fees

As stated in the overview, Emerald nodes will have considerably lower fees than other node protocols that exist today. All transaction fees will be negligible (<1 USD, based on the current price of $AVAX as of January 24th, 2022), and there will be no monthly fees for nodes, nor will there be any additional fees to claim rewards beyond the minimal network fees.

Bonds and Treasury Information

$EMERALD will be creating bonds to help generate income and grow the treasury at a slow and controlled pace. Every time a bond is purchased a new token is minted and the profits are used to grow the treasury. The treasury consists of a large basket of digital assets. To prevent inflation we are limiting the number of bonds sold to 1% of the total supply per quarter. The value of the treasury will fluctuate more heavily as a result of a moving market and variations in asset prices. We plan to stake stablecoins and various other assets to maximize revenue while limiting the treasury risk exposure.

The treasury will be available 4–6 weeks after node launch

The backing per node is calculated as follows:

Treasury Balance/Total supply of nodes = Backing per Node (BPN)

At any point you may opt to sell your node to the treasury for the BPN and your node will be burned. This will give each node an intrinsic value that it can not fall below. This will help reduce the total number of nodes, increasing the available rewards for everyone who chooses to hold. This will help maintain sustainability even in a bear market.

Liquidity

As stated before, we will reward those who contribute to the AVAX-EMERALD liquidity pool. 5% of node cost will be redistributed to the contributors of the pool.

Whitelist/VIP

There are 250 whitelist spots, each member will receive a free random tier node (1–5) and have access to purchase 2 tier X nodes (each paying out 0.5 EMERALD per day).

There are 50 Emerald list spots, each member will receive exclusive access to airdrops, and receive a free booster NFT when they are released.

There are no more available Emerald List or Whitelist spots.

Sustainability

The node tier system rewards early holders and is designed to create a long runway. The tier system coupled with the treasury consistently growing from our many streams of revenue creates an extremely healthy runway. We predict to always have a runway of over 365 days. Avalanche Validators are also much easier and cheaper to run, allowing us to add a larger percentage of our node profits to the EMERALD rewards pool.

NFT Information

  • NFT Tokens: Serialized, Bronze, Silver, Gold, and Platinum 3D tokens
  • NFT Supply: Each serialized NFT will have a limited supply
  • NFT Contract Address: (not yet minted)
  • NFTs are only applicable to tier 5 nodes

NFT Boost Figures

Note: These numbers are subject to change, and are intended solely to be reference figures to represent the difference in boost based on an NFT’s tier.

  • Bronze: 1000 NFTs, Boost rewards by 0.025 EMERALD per day, can be used on 1 node per wallet. Cost 10 AVAX and 5 EMERALD
  • Silver: 1000 NFTs, boost rewards per node by 0.03 EMERALD per day, Can be used on 2 nodes per wallet, Cost 50 AVAX and 10 EMERALD
  • Gold: 500 NFTs, Boost rewards per node by 0.05 EMERALD per day, can be used on 3 nodes per wallet. Cost 125 AVAX and 25 EMERALD
  • Platinum: 50 NFTs, Boost rewards per node by 0.25 EMERALD per day, Can be used on 6 nodes per wallet. Cost 300 AVAX and 75 EMERALD

Streams of Revenue

  • Bond sales
  • NFTs
  • Treasury assets staked/reinvested
  • Avalanche Validators (~11% APY)
  • Emerald merchandise coming soon!
  • Node sales

Conclusion

We hope to bring a long-lasting NaaS protocol to the Avalanche network and improve upon the sustainability that some projects like StrongBlock are lacking. There is currently very little to no incentive to run Avalanche validators and we hope to become a critical part of securing and decentralizing the Avalanche network. With Emerald Nodes it is easy and stress free to make passive income and help grow and sustain the Avalanche network.

© Emerald Nodes LLC
contact@emeraldnodes.finance
Updated: April 14, 2022
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