Current issues in the node space

Current Problems

The main problem we see with many existing node projects is sustainability. Many investors in these projects do not want to compound their rewards as there is little incentive to do so, instead they will claim and sell creating huge selling pressure, driving down the price and scaring away new investors.

Solutions we learned from UNIV

BURN YOUR COINS TO BUILD A PARANODE

Instead of sending your coins to the owner of the project when creating a node that automatically sells them and feeds a never-ending bearish loop you instead automatically burn 85% of your tokens when creating a node, helping make the supply more scarce.

INTELLIGENT LIQUIDITY & TREASURY MANAGEMENT

Instead of massive micro-sells triggered by compounding and reward claims, followed by another set of 4-5 big automated sells for each node creation on the trading chart to fill the treasury like every competitor as described in the (terrible) Ring Financial standard, we manually remove part of the liquidity that is generated and sent to us through the fees. We never directly sell any token, we only keep the BUSD side to fill its respective purposes. This saves a lot on gas for everyone and doesn't give bearish bias to the community.

INNOVATIVE BUY BACK AND BURN MECHANISM

As soon as we start receiving liquidity dedicated to bringing revenues we will put it to work in staking and farms according to our supported protocols. The generated rewards will then be passed through Tornado Cash and will be only used to buy progressively PARA tokens and burn them from anonymous wallets followed by an announcement after it is done. This way, it will prevent pump and dumpers from taking advantage of the buyback mechanism and leaving the rewards to the community.

SMART DAILY LIMITS

Smart Daily Limits are part of ParaVerse innovations to keep liquidity pools safer from bots and vicious whales, making ParaVerse the safest node-type of token to hold. Wallets are limited to only accumulating a number of tokens per day. They can always sell what they have bought at any time which allows swing trading. They can always safely claim rewards of the planet(s) but transferring or selling them more than the daily limit will require them to wait the next day. This way, no one can buy a significant part of the supply on launch and no one can sell a significant amount of rewards at once.

ParaVerse have also created some innovative solutions to combat this

• Auto Compounder with time lock - You can choose to lock your nodes into an auto-compounding cycle for X amount of days, whilst you will not be able to claim any rewards during this time you will be rewarded with an additional 10-25% at the end of your time lock on your rewards, auto compounding will occur every 6 hours.

• Weekly Compound Score - A score will be calculated based upon the amount of tokens you claim vs the amount of tokens you compound. Keeping your score above a certain figure will yield additional rewards such as airdrops, NFT’s and 24 hour APR boosts.

• Claim Tax - Every node will start with a 60% claim tax, every time you claim from your node your tax will increase by 3%, every time you compound it will reduce by 3% - you can reduce your tax all the way down to -30%(bellow zero) increasing your claim reward by 30%. After claim your claim tax will be reset to +30%

• ParaNode vs ParaVerse NFT Node - ParaNodes will not be a tradable NFT however if you compound your node enough times it will become a ParaVerse NFT Node, this will then become a tradable asset and provide additional bonuses to the holder.