Galactica Node Distribtuion (GND) & Galactica Citizen Node (GCN)
Last updated
Last updated
The Galactica Node Distribution (GND) is a mechanism by which participants can contribute to the network and receive a digital certificate that grants access to the $GNET token. $GNET enables holders to perform specific tasks, determining their ranking relative to other eligible participants in the $GNET inflation reward distribution of the Galactica.com blockchain protocol. Only those holding these digital certificates can compete for inflation rewards within the network.
Two certificates are available:
Galactica Citizen Node SBT (GCN) - a full Galactica Node.
Galactica Node Shard SBT (GNS) - a part of a Galactica Node.
These certificates differ in several key aspects, including their price, activation process, functionality, the types of tasks participants can complete, and the specific reward pools they are eligible to access. Each type of certificate offers distinct opportunities and benefits within the Galactica ecosystem.
Below are the rewards outlined for Galactica Node Distribution participants and the overall Tokenomics. The vesting schedule for the Node Drop is linear as well as UBI while Validation Rewards are not.
$GNET allocation for Node Sale Participants:
13.6% Node Rewards with 3 months cliff and 2 years vesting;
6% Merit Based Airdrop: Allocated and disrtibuted every month for 3 years;
11.08% Inflation: 63% distributed over first 5 years.
As noted in Tokenomics a total of 30.68% of the $GNET total supply is dedicated to Galactica Node Distribution participants*.
The Galactica node sale operates differently from traditional models, incorporating several key components.
First, as long as you have donated during the GND campaign, you are granted an SBT that conditionally (see image below) provides access to the Node Drop in the tokenomics. This ensures participation without additional steps beyond the initial donation.
To earn Galactica’s Universal Basic Income (UBI), you must hold a GCN and execute specific tasks outlined in the Soul Matrix. This system makes rewards merit-based, requiring active involvement in the ecosystem.
To be eligible for Validation Rewards, the Node Drop rewards and the UBI stemming from the tasks completed from the Soul Matrix need to be staked with validator(s) of your choice. This process helps secure the network while rewarding participants for their contributions.
Depending on whether one holds a GCN or GNS the potential rewards differ:
