Proof-Of-Reputation (POR)
How cool does that sound?
Last updated
How cool does that sound?
Last updated
Note: As a DAO, we are in a fast-pace changing environment and terms may be subject to change, according to the Community Consensus.
Proof-Of-Reputation is the rewards solution to incentivize good performance and longevity within Smart-Nodes.
HSUITE Validators will collect $KARMA based on Smart-Nodes performance and history, which can be redeemed for $HSUITE. If a Validator underperforms, bad Karma will be recorded on-chain attributed to the Node until it reaches the point of expulsion.
Custom Fees will be collected from all the $HSUITE transactions and given to the HSUITE Validators when redeemed from $KARMA.
Alongside a basic APR from the amount of $HSUITE utilized to run the Smart-Node, the amount of $KARMA collected by the HSUITE Validators may change according to time, performance and amount of transactions gathered. All the relative fees will be collected into a Custom-fees Vault account, to be released when redeemed from $KARMA.