Glossary

Node NFT

Node NFT is the qualification certificate to participate in JAZ network node mining.

Node NFT is divided into SR nodes and R nodes. The mining revenue of SR nodes is 10 times that of R nodes.

Epoch

4 hours per epoch.

Jaz Network will randomly check whether the node is online every 4 hours. If the node is online, it will be rewarded with points. If the node is not online, it will be slashed.

ERA

Each era is 6 epochs, i.e. one day.

Each era of Jaz Network will do a settlement of node mining rewards. Users who participate in mining can claim their mining income in the next era.

Reward Points

Each epoch will generate reward points when the node continues to run. Each era can get 6 points reward, and each era reward is settled once. The JAZ token reward is allocated according to the proportion of the number of points obtained by each node to the total points of the whole network. Only the founding nodes and member node users of the node NFT can receive mining income, and the node rewards obtained by running free nodes will be transferred to the Jaz treasury to support the development of the Jaz network.

Maintainer

The user running the node becomes the maintainer.