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$NODE

Overview​

The $NODE token underpins the economic security of the NodeOps Network.

$NODE utility​

$NODE is the native token of the NodeOps Network that creates alignment between ecosystem participants by enforcing economic security.

Restaking ecosystems such as EigenLayer, Solayer, and Symbiotic, allow participants to monitor activities on other networks through Advanced Validation Systems (AVS). This monitoring mechanism confers unmatched levels of security, decentralization, and economic efficiency to NodeOps Network. It's the AVS mechanisms that empower NodeOps Network to align incentives, prevent malicious activities, and uphold trust across its ecosystem.

$NODE is the economic backbone fueling this decentralized vision, ensuring sustainable growth, incentivized participation, and shared success for all stakeholders. Together, NodeOps Network and $NODE are setting the stage for a truly decentralized digital future.

$NODE

The final tokenomics of $NODE is still in development. We will announce supply, issuance, and chain for the token that will provide the economic security to the NodeOps Network Mainnet as soon all the details are finalized.

Wave 1 airdrop $NODE​

Wave 1 airdrop $NODE is an non-transferrable community reward token.

Spend your $NODE​

Purchase services with $NODE

Wave 1 airdrop $NODE may be used to buy credits for use in NodeOps Console and the Marketplace.

$NODE to credit conversion decision matrix​

  1. Time decay:

  2. Rolling 24-Hour redemption volume

  3. Linear Feedback (Raw):

  4. Final Conversion Rate:

Conversion Rate Logic​

  • At any second , compute the exponential decay maximum
  • Measure the last 24 hours’ redemption total
  • Calculate the raw rate, clamp it between the base and

Outcome​

  • Early in the Program: . If redemptions are modest (< 50 k in the past 24h), the rate can stay near 0.75
  • Over Time: decays to 0.10 at
  • High Redemptions: If the 24-hour sum approaches 50 k, the rate is pushed toward the base rate 0.10

This system provides a dynamic, gamified conversion rate that both encourages participation when redemption is low and naturally tapers if redemption is high, while also enforcing a time-based decay from 0.75 to 0.10 USD.

Detailed Derivation of $NODE to USD Credits Conversion Model

$NODE to USD credits conversion model​

The conversion rate in the standard model is calculated based on time-dependent decay and daily claim volume, ensuring that USD credits do not exceed the $5M daily limit.

The main goals are to:

  • Start with a higher maximum conversion rate early in the program and decay it down to a lower rate over time
  • Adjust the actual conversion rate within that allowable range based on recent (24-hour) redemption volume
Element 1: Time decay​

We want the maximum allowable conversion rate to decay from an initial value USD/token at to a final value USD/token at , where is the total program duration (e.g. 60 days in seconds).

Exponential Decay Form​

An exponential decay function is typically:

where is chosen so that

Given:

  • = total program length in seconds

We solve for :

Hence,

At :

and at :

Element 2: Daily redemption control​

We introduce a rolling 24-hour redemption volume function, denoted . This is the sum of USD disbursed from time to . If is small (less than 50,000 USD), we want the conversion rate to be closer to ; if is large (≥ 50,000 USD), we want the rate to drop toward a base rate .

We define:

  • Base Rate: USD/token (the absolute floor)
  • Current Max: (the time-based maximum from above)
  • 24h Threshold: 50,000 USD
2.1 Linear Interpolation​

We can interpolate linearly between and based on the fraction:

  • If , we want
  • If , we want
  • For intermediate values, we interpolate linearly

Thus the raw conversion rate before clamping is:

2.2 Clamping​

We then clamp the result so it never goes below or above :

Hence, the complete formula for is:

What next?​