Mining

How do I become a genesis node miner?

Register on the whitelist during the Genesis Nodes Hot Launch Event, and stake a certain amount of DPR tokens (a minimum of 20,000 DPRs). The top whitelisted stakers will be selected as a genesis node miner.

What is the total number of genesis nodes?

Currently, there are 1,000 genesis nodes available for phase one. The top 1,000 whitelisted stakers will be selected as genesis nodes and rewarded with a free 24K gold-plated genesis node miner: first come, first served. Future genesis node phases and details will be announced within 48 hours once the 1st phase is completed.

What are the whitelist requirements?

  • Email address (must be able to receive verification code) and/or Phone Number (must include country code and be able to receive verification code)
  • ERC20 wallet address (it cannot be a centralized exchange wallet and must be the same wallet you will be using to stake)

How do I reserve a device? Is it available to purchase?

Genesis node miners are not available for reservation or purchase. Deeper Network will grant a free 24K gold-plated genesis node miner to the top 1,000 stakers. These miners will be shipped to stakers according to the information they have provided in their account for phase one.

If I staked 20,000 DPR and got selected to receive a free genesis node miner; does it mean that if I stake 46,800 DPR, I would be eligible to receive 2 miners?

No. Regardless of the staked amount, only one account per address can be selected to receive a unique genesis node miner.

How long is the genesis node staking open for?

The staking period is now over for phase 1 and ran from August 1st to 3rd.

Can I add to my initial staked amount?

During the staking period, stakers can stake more DPR if they wish; once the staking period is closed, stakers will be unable to stake more. To add to the staked amount, stakers stake the DPR difference to the tier they would like to become. Do not restake the entire amount of DPR needed for the new tier.
For example, a staker staked 20,000 DPR for tier 1 on August 1st. On August 3rd, before the staking period is over, he/she will only need to stake 26,800 DPR to be in tier 2 instead of the full amount of 46,800 DPR

Can I decide to stake less after my initial staking?

No, you can only add more.

How to get a referral code and how much of a reward can I get for each referral?

Users can generate their own referral code through the Deeper Network dashboard and earn 300 DPR for each successful staker they refer.

What is the definition of an “online” device? What is the grace period for not being online?

The device must be switched on all the time and it has a grace offline period of 3 days before credit points are deducted.
  • 1 credit point will be deducted if the device is not contributing bandwidth to the network for 3 consecutive days.
  • 2 credit points will be deducted if the device is not contributing bandwidth to the network for 6 consecutive days.
  • 2 credit points will be deducted every 3 days if the device is not contributing bandwidth to the network for more than 6 days. This continues until all credit points have been deducted.

How do I get DPR token rewards by sharing my bandwidth?

Users can grow their credit score organically when contributing their bandwidth to the network. The organic credit score can be grown by 1 credit point when users share at least 10MB of uploaded bandwidth over 2 consecutive days. A maximum of 1 credit point can be earned over this period of time regardless of how much bandwidth over 10MB the user shares.

How will I be notified that I’ve been selected to get a genesis node?

  • Users can log into their account to see the notification.
  • There will be an official announcement from Deeper Network
  • Users will be notified by the way they have registered: mobile or email

How can I increase my credit score?

  1. 1.
    Accumulate credit score for up to 800 points starting from 0 simply by sharing your bandwidth.
  2. 2.
    Stake a certain amount of DPRs. For further details, please refer to “Deeper Network’s Genesis Node Mining Launched" rewards table.

What if during the 9 months I decide to not participate in genesis node mining anymore? What do I do with the genesis node miner? Is there any way to redeem my staked tokens?

You can still enjoy all the wonderful functions of the Deeper Connect device such as the DPN and cybersecurity features. Or if you decide not to use the device at all, you can do whatever you want with your device. Unfortunately, there is no way to redeem your staked tokens. Since it is a smart contract, once your DPR is staked, you’ll have to fulfill the entire 9 month cycle and 3 months of linear distribution.

When my nine-month staking period matures, will my credit score remain the same as the original stake?

No, it won’t be the same. When the nine-month staking period matures, the credit score you staked will return to 0. On the other hand, the organic credit points earned over those 9 months for contributing to the network will remain. If you would like to continue to participate after nine months, you will need to :
  • Re-stake the same amount of DPRs if you want the same credit scores as before.
  • During the staking period, you can add the amount to stake to upgrade your tier and credit scores.
The total credit score is calculated according to the new staking tier’s credit score and the sum of bandwidth sharing credit scores.

Can I renew my staked smart contract after it matures?

Yes, you can. The staking platform will ask users if they wish to restake before 9-months is up. If the user chooses to renew, the new smart contract will begin. If users do not choose to restake, their DPR will be unstaked and distributed linearly (daily) over a 3 month period and claimable via our website link.

Can I bind my Deeper Chain wallet address with multiple devices at the same time?

No, you cannot. A device can only be bound to one wallet address.

When will mining begin?

Mining will begin when the Deeper Chain mainnet launches. The mainnet is scheduled to be online on Sat, 8/28 @ 03:00 UTC+0

Can I still earn the APR reward if I go offline after completing my staking?

Yes, you can as long as you remain connected to the network. You can also earn additional organic credit points by sharing your bandwidth. However, if you’re offline for 3 consecutive days, on the fourth day, 1 credit point will be deducted.

What if I live in a small country and nobody wants to use my shared bandwidth? Does it mean that I will get less rewards than others?

It’s inevitable that different countries will have different demands in terms of connections, however, the difference will not be overly substantial. This is because the Deeper Network will take different measures to compensate for this imbalance. For instance, if a user cares about his/hers mining rewards, he/she will have the option to stake more DPRs to increase his/her credit score. Moreover, we will add other options to the Deeper Network ecosystem so that users have the option to increase their credit scores. For example, users may be able to grow their credit scores by browsing Deeper Network’ advertisements.
Last modified 3mo ago