Node License Offering
Last updated
Last updated
We are pleased to announce our inaugural Node License Offering scheduled for November 25, 2024. A limited supply of discounted Node NFTs will be available until they sell out.
We are releasing the first tier of 1,000 node licenses, priced at 3000 $OSMI, sold exclusively in $OSMI. This exclusive entry point is designed to help us quickly scale the network to meet current usage demands.
As usage of OSMI grows, in the near future we’ll release additional licenses in line with our plans for continued expansion. Future license offerings will follow a different pricing structure, reflecting the increased demand and network needs. We believe this first tier is a unique opportunity for early adopters to secure a spot to contribute their resources in building out the future of decentralized AI.
One of the most significant aspects of this node expansion is that all $OSMI used to purchase node licenses will be burnt. By burning these tokens, we reduce the circulating supply of $OSMI, creating a deflationary effect that benefits existing holders and contributes to a healthier, sustainable ecosystem. This burn mechanism reinforces our commitment to a community-driven token economy, where $OSMI is the lifeline of our ecosystem.
Based on our model, early participants can anticipate high starting rewards of around 530 $OSMI per day, assuming all 1,000 nodes are online (this is only an estimate and this number will undoubtedly be different). This generous reward rate is intended to incentivize early adoption and support the initial scaling of the network. However, as more nodes join to meet rising usage demands, this high reward rate will gradually dilute, aligning with the expanding network.
The contract implements a locking mechanism. Upon purchase of an ERC-721 Node NFT with an Ethereum wallet, that Node NFT is non-transferrable for one year. Please take care in purchasing Node NFTs and choose the wallet you intend to use $OSMI with.
To maintain the long-term health and stability of OSMI’s network, node rewards will be subject to a 90-day vesting period. This vesting mechanism is designed to prevent rapid volatility and to incentivize long-term engagement. During the vesting period, tokens will be classified as Held, meaning they are accumulating but not yet accessible. After 90 days, tokens transition into the Released state, where they can be minted and used or transferred. For additional details on how vesting works, please refer to the section.
Note: This vesting schedule applies to all nodes, including the initial set of inference nodes operated during OSMI’s alpha and pre-launch phase. All nodes will follow the same vesting rules to maintain fairness and consistency across the entire network, reinforcing our commitment to transparency and equal opportunity for all participants.