Becoming an MXC Supernode has a number of benefits. Together Supernodes improve a globally recognized wireless standard, enabling new features largely requested in LoRaWAN communities. This means there is a global, non-crypto related demand for the blockchain-enabled functionality provided by MXC Supernodes. Add staking opportunities, referral rewards, data fees, monthly returns, and MXC Insights to the mix and working as an MXC Supernode Operator becomes a really attractive opportunity. Here’s how to apply to become an MXC Supernode.
Before applying to become an MXC Supernode it is important to understand the obligations of such a role. As we are all aware, with great power comes great responsibility, and being an MXC Supernode is, in this case, no different. MXC Supernodes are expected to undertake the following responsibilities:
• You must have run your own, or a platform controlled/hosted on a platform such as AWS, or Google Cloud Console or something similar. In addition, it is essential that you offer a monthly uptime of at least 99.99%. This will be reviewed intermittently during your time as an MXC Supernode. For most Supernode candidates, a server running a dual-core, with 4GB of RAM, 20 GB of storage able to send 1000GB per month should be adequate to cope with the data packets being sent via LPWAN (Low Power Wide Area Network)
• Commitment, MXC Supernodes are depended upon by potentially thousands of different data suppliers and purchasers. As a result, all Supernodes are expected to take this role seriously, as a result, a minimum of 3 month notification period is required for any Supernode who decides they no longer want to perform as a Supernode
• In addition to the time commitment, MXC Supernodes must also invest a minimum deposit of 6,000,000 MXC tokens (six million). This is purely a deposit and will be returned to the Supernode at the end of the commitment period. This deposit will also be used in order to ensure that the Supernode follows the responsibilities outlined by MXC. Any deliberate or negligent activity may result in financial penalties
In addition to the aforementioned responsibilities, there are also some amazing possibilities for Supernodes to begin their entrepreneurial business. Supernodes earn revenue from activities on their Supernode:
• 10% of all revenue goes to MXC – leasing fee • 10% of revenue goes to burn • 10% of revenue after burn goes to Stakers • The remaining revenue goes to the Supernode We have worked hard to ensure that Supernodes efforts match their rewards. As a result, we believe this is a lucrative offer for the right applicant
Navigate to https://www.mxc.org/l/supernode-apply and review the information there. Running a supernode has a lot of benefits, but it also holds a lot of responsibility, but with great responsibility comes great rewards. Each successful application will need to run their supernode for a minimum of one year. There will be penalties if a supernode chooses to leave the network early.
It is also important to note that your monthly return as a supernode relies heavily on the number of transactions processed by the supernode. We will provide tools to help you successfully promote your supernode, but it’s important to note that self-promotion is a necessary part of becoming a successful MXC Supernode.
MXC Supernodes are chosen by MXC holders during a public vote. It is the core responsibility of a Supernode to carry out data network coverage tasks, brand awareness and hold events to attract users to their individual Supernode to attract more data transmissions. These are a few items voters will likely consider when choosing their preferred supernode.
When looking at reliability, voters want to see that there are failover systems in place in the event that a system goes offline. These aren’t difficult to set up, and they ensure that the supernode is able to reliably support LPWAN devices in their country.
Supernode hosted on a platform such as AWS, or Google Cloud Console offers a monthly uptime of at least 99.99%. This will likely be adequate.
MXC Supernodes do not require a lot of processing power or storage in order to maintain reliable service for your country. A server running a dual-core, with 4GB of RAM, 20 GB of storage able to send 1000GB per month should be adequate.
This is where voters really differentiate the applicants. Setting up and running the MXC Supernode software is only the beginning. You also need the ability to promote your supernode. Why should people use your supernode? How do they hear about you? For those with a substantial following, this will be a benefit to you as an MXC Supernode.
Naturally MXC and MXC Stakers will globally promote the MXC solution, however, it is in the best interest of each supernode operator to localize and promote MXC in their individual countries to increase transactions, thereby increasing both operator and staker returns.
MXC Supernodes are chosen in a voting process. Successful applicants will be listed, and the MXC holding community will vote for the preferred supernode. To vote, community members will deposit MXC towards their favorite supernode. If that supernode wins the voting process, then the votes will be deposited as stakes in the winning supernode.
We’ll keep you informed on the process. You can learn more about MXC Supernodes by reading the supernodes article written by our co-founder Aaron Wagener.