WaykiChain Super Node Election Conference in Changsha Concluded Successfully
On March 21, WaykiChain Super Node Election Conference №3 in Changsha concluded successfully! We once again thank all honored guests, partners, media, community users, and team members who came to the venue! We are looking forward to meeting you in the next city!
The conference attracted about 100 participants. Each of them got an airdrop of 10,000 WGRT. Six lucky participants won exclusive WaykiChain-branded 2-item gifts.
Previously, WaykiChain successfully held two Super Node conferences, in Guangzhou and Zhengzhou. This conference in Changsha was the third one. We were honored to have famous people from the blockchain industry join us: CPO of the decentralized hash rate exchange platform DMEX Will, WaykiChain Data Analyst Han Songyou, and WaykiChain Community Manager Yan Chenggang.
How DeFi + Mining Solve the Asset Liquidity Problem
DMEX CPO Will presented the speech “How DeFi + Mining Solve the Asset Liquidity Problem”. He introduced the five stages of blockchain development from the application viewpoint, namely, on-chain assets, on-chain cash, on-chain finance, on-chain economy, and on-chain society.
Will also pointed out that centralized mining hash rate platforms have three cons. The hash rate income lacks transparency, product specifications are not clear, asset liquidity is bad. Unlike the above, DMEX is the world’s first decentralized hash rate financial platform. Its three main advantages are that its mining threshold and cost are low, it increases the asset liquidity, and offers a safe token of its own.
Regarding the basic principles and prospective value, Will said that DMEX will NFT-tokenize the hash rate, adopt the innovative decentralized financial modes and a DAO to operate, manage, develop, and realize the supervision of the cash-out process for hash rate NFT mining rewards. This will be favorable for creation of a win-win-win market layout for mining marketplaces, miners, and users.
How WaykiChain Reconstructs Value in the Cryptocurrency Boom
WaykiChain Data Analyst Han Songyou presented the speech “How WaykiChain Reconstructs Value in the Cryptocurrency Boom” where he elaborated the ways to reconstruct value from the technical and product viewpoint.
WaykiChain’s cryptocurrency system has WICC in its core and continuously explores valuable business models. Its development path is expansion of the asset use and compatibility improvement to enrich the value of WICC.
According to Mr. Han, after ensuring the asset safety through iterations of the public chain security technology and creating the three-token model, WaykiChain actively explores new operating modes and expansion of asset products. Currently, the key services of WaykiChain are collateral lending of assets and trading of synths, continuous assistance to customers in leveraging assets and flexible investment through gains from asset liquidity increase and compatible investment products.
How Community Holders Benefit from WaykiChain’s Super Node Program
WaykiChain Community Manager Yan Chenggang presented the speech “How Community Holders Benefit from WaykiChain’s Super Node Program” where he elaborated how the Super Node layout affects the ecosystem development, how nodes operate in DPoS, and what gains Super Nodes and community users can have.
Mr. Yan provided named major effects of the public Super Node election on the WaykiChain ecosystem:
1. Continuous deepening and improvement of the infrastructure is favorable for ensuring system security and stability on a higher level;
2. Introduction of more talented technicians to WaykiChain to build upper-level apps on the developer-friendly setup with the dual smart contract engine WASM + Lua VM where the former is light and agile while the latter is powerful and highly efficient;
3. Essentially, through Super Nodes WaykiChain allows community users to join the ecosystem construction. It listens more to everybody’s voice, takes the respective advice, and promotes a more prosperous ecosystem with the help of collective wisdom and governance.
Some public chains running on DPoS have already adopted Super Nodes but their setup has drawbacks. Operators, exchanges, and industry partners who became nodes were driven by short-term gains. This way node operators and partners terminate cooperation easily, nodes become lost and end up being operated by the project party itself. This contradicts with the decentralization idea behind super nodes. To solve these problems, WaykiChain encourages community users to participate in the Super Node election. We provide equal conditions to select the best.
WaykiChain Super Nodes can get voting (accounting) rewards and contribution rewards. The voting rewards come from WICC by inflation. WaykiChain team will ensure that external nodes receive voting rewards of not less than 210,000 WICC during the first year. Besides, WaykiChain has set up contribution rewards as per the contribution efforts. There are 5 reward levels, A, B, C, D, and E corresponding with 60,000, 30,000, 20,000, 10,000, and 5,000 WICC. WaykiChain team also encourages Super Nodes to set aside a part of WICC tokens to reward community users who vote for them to achieve stronger support!
