One of its kind
REBL Masternodes can also run multiple Client masternodes
Without having to deposit collateral.
Implementing the REBL vision is a complicated process, with many questions to answer. The most important 3 questions we faced in the past months are:
1: How do we create demand for the REBL coin and stimulate circulation?
2: How can we make sure the REBL coin has real utility?
3: How do we implement our vision while keeping the community incentivised?
Below you will find details on how Rebellious plans to tackle this.
Any blockchain must pay validators to economically participate in its consensus protocol, whether proof of work or proof of stake, and this inevitably incurs some cost. There are two ways to pay for this cost: inflation and circulation.
The REBL blockchain runs on the proof of stake consensus protocol. To have a stable foundation during the development phase, it will be decreasingly fueled by inflation. This essentially means that the economic incentive – the block rewards – for validators will consist of newly generated coins, hence inflation. The REBL coin supply will eventually reach a max supply, so the generation of new coins stops.
The distribution of this economic model will be rolled out, at first, in what we believe to be the most optimal way to create a stable network and have the reward system in balance. It is nearly impossible to create a multi-year model like this with multiple unknown variables. Therefore this model will be regularly revised on feedback loops.
With the REBL model moving towards zero inflation, the question is – How will contributors be economically incentivized to keep running (master)nodes and thus keep the network secure and stable?
Rebellious will add a value mechanism to the REBL ecosystem to increase demand and stimulate coin circulation.
REBL nodes also function as an audit for private client chains
And will receive extra reward for this.
REBL Proof of Stake Reward
The REBL block reward is an incentive for REBL-masternodes and REBL-stakers for helping to secure and validate the REBL-blockchain. The block rewards will be supplemented with transaction fees. This will partially compensate for diminishing coin inflation throughout the year as the network expands and its user numbers increase.
Client Auditing Rewards
The client fees consist of two components. First, for a client chain that runs in a private environment: the nodes in the REBL network will check these blocks and thus function as an audit for the client chains. Clients are required to pay audit fees for this service. In practice, the client will buy REBL coins from the open market and use these to fill up the block rewards.
Clients Masternode Rewards
The biggest feature of our Ecosystem: REBL Masternode holders will receive a masternode from each new client for free. The collateral will be provided by the client, the masternodes are run by the REBL masternode holder. The more clients Rebellious has, the more a masternodes a REBL holder will run, and the more they will earn.
REBL Node and Masternode rewards
Let’s grow together
*Depending on the number of clients you run nodes for and the number of masternodes you own, this reward can increase significantly.
REBL Masternodes are part of the
REBL Triple Incentive Program
REBL’s unique approach in Crypto
We are proud to announce the economic model for Rebellious today. We worked hard over the past few months to create an ecosystem that is one of its kind. Below you will find some frequently asked questions and answers.
What do i earn running a REBL Masternode?
After many months of brainstorming, we have created a unique economic model never seen before in crypto. As a masternode owner you will earn coins in 3 different ways.
1: Proof of Stake: You will receive Proof of Stake rewards from the REBL network. Just like any POS coin, the network will make new coins and distribute them to the masternodes. The first 4 years will have inflations as the block rewards are generated. After 4 years the transaction fees and client masternode rewards will take over.
2: Auditing: We will build Public, Private and Hybrid Blockchains for our customers. To make sure the Private Blockchains from our customers are safe, secure and stable, our chain will audit them through your own REBL Masternode — providing compensation in REBL coins.
3: Client Masternodes: If you own a REBL masternode then you have the unique opportunity to run a masternode for free from ALL of the client chains we will deploy. The collateral will, in this case, be paid by the client chain itself through a smart contract, meaning you don’t pay for anything yourself. The rewards that you will receive will be paid in REBL. Clients, in turn, would need to buy REBL coins off the market to pay their masternode holders for a secure and decentralized network. This creates a huge demand for the REBL coins, as this can be seen as “oil” for the entire system.
What is a Full Wallet Node?
A Full Wallet Node is a client that operates on the network and stores a copy of the REBL blockchain. It makes sure transactions are sent out, and it will keep the blockchain updated.
What is a Masternode?
A masternode is a Full Wallet Node that stores a copy of the REBL blockchain in real time. It will stabilise and validate the network, will make ensure transactions are sent instantly, and makes it possible to send private transactions and much more. The REBL blockchain will depend a lot on masternodes, so running a masternode will be rewarded big time.
What do i need to run a Masternode?
You can run a masternode locally on your computer or with a VPS hosting server. We advise using a VPS server because it`s more stable and always up. We are negotiating with some hosting provider to set up a one-click install service.
What does it cost to run a Masternode?
To run a masternode you will need to have a collateral of 100.000 REBL coins. This collateral will be locked when you decide to run a REBL masternode. If you decide to stop running the REBL masternode then these coins will be free to use again.
Why do i need to lock 100.000 REBL coins in a Masternode?
The 100.000 REBL collateral serves as a type of “trust” for the POS consensus. It validates that you are suited to run a REBL master node. Another important function of masternodes is instant transactions; the masternode will use this collateral to send the transaction instantly, as it will pay the transaction in advance to speed up the process.
100.000 Tokens isn`t that expensive?
In fact, it will be only a deposit — so it doesn’t “cost” any coins to run a masternode. It also depends when you buy your coins to run the masternode. We think our business model and economic system are unique. As a masternode owner, you can get seriously rewarded.
When can i run my Masternode?
We are working hard to have our own blockchain up and running in Q3/Q4 2018. The Full Wallet Nodes and Masternodes are part of the network and will also be ready in Q3/Q4.
How many Masternodes are available?
We do not limit the amount of masternodes. We think that with the economic system from REBL, there is no need to limit the total amount. It will balance out in a natural way. At the moment, a masternode has a collateral of 100.000 coins. At the time of writing the total price of 100.000 tokens is 0.5 BTC. We assume the price of the REBL will rise in the future, so it will be more expensive to run a masternode. This is a natural mechanism and commonly known in the world of masternodes.