Welcome to Elysium! Elysium is a high performance blockchain built on the Substrate framework and the underlying engine, it is also EVM Compatible and can work with Solidity Smart Contracts. It is built for NFT and gaming projects in need of a rock-solid blockchain solution. Elysium will be fully carbon-neutral using actual blockchain solutions that will guarantee true carbon neutrality (alongside a partner, we’re planting forests!).
This is the first in a series of articles about the Elysium Node Program. It will describe the three node types available on Elysium. A fourth solution will be introduced once the number of transactions has increased.
$LAVA, known as the Vulcan Forged play-to-earn token, is used to pay for smart contract executions on Elysium.
Elysium nodes (1/4): Introduction
Elysium nodes (2/4): The Requirements and the Rewards.
Elysium nodes (3/4): Example scenarios, delegation, and node NFTs.
Part 4: TBA
Elysium Node Program types
Elysium will be guarded and validated by a network of 51 authority nodes using proof of authority (PoA).
A blockchain validator is a network node that assists in processing and validating transaction blocks on the platform so that they can be added to the permanent ledger of the blockchain.
The node owners will be known entities. These entities can be partners, game developers, Vulcan Philosophers, respected community contributors, venture capitalists and more. Elysium authority nodes require hardware (server) and special software provided by Elysium. The nodes will be hosted at strategic locations throughout the world using carbon-neutral data centers and servers only.
These authority nodes will receive part of the transaction fees generated on the Elysium blockchain. The nodes will also receive a percentage of the royalty fees generated on Elysium. There will be a third way for authority nodes to generate income- but more about this later.
What do you need to harvest grain and perform agriculture? Land of course! Demeter was one of the twelve Olympian gods of Greek history and was known as the goddess of harvest and agriculture. These land nodes will receive part of the $LAVA gas fees generated on the Elysium blockchain.
Part of the transaction fee will flow into the Demeter $LAVA pool. The $LAVA will be distributed between all land plots from level 4 and up.
Payouts based on land plot level:
Level 4 plots: 10% of the Demeter fee pool allocated to all plots
Level 5 plots: 18% of the Demeter fee pool allocated to all plots
Level 6 plots: 28% of the Demeter fee pool allocated to all plots
Level 7 plots: 44% of the Demeter fee pool allocated to all plots
Typhon a very appropriate god for our $PYR / $LAVA nodes. He is one of the stronger gods in existance. (He only lost his epic battle against Zeus) Simply stake $PYR and receive $LAVA. According to the locking period, your rewards will increase.
There are six tiers of Typhon Nodes. Tier 1 is starting at 2000 locked $PYR. A part of all transaction fees generated on the Elysium blockchain will be divided between all Typhon Nodes. All Hades Nodes will also participate in the GOD Pool and NFT Pool.
Elysium GOD Pool
Your Vulcan gods just became even more valuable- as you can boost your staking income by holding god NFTs.
Zeus or Cronus holders: +15% staking rewards for base generation amount
God holders: +5% staking rewards for base generation amount
Note- the highest god value will be used. Gods are not stackable.
Elysium NFT Pool
Also, Vulcanites and OG badge holders will be able to boost their staking income. The NFT Pool will payout $LAVA based on the following increased reward boosts:
Each Vulcanite: 1% extra staking reward for base generation amount
OG Badge bonus: 2.5% staking reward for the total reward
There is much more information to come. For now, these are the basics regarding the Node Program. The next article will describe the Node Program in full detail including the reward system.