# Node Token

## What is node token?&#x20;

A “node token” is a token used by investors to create their node. By doing so you will lock these tokens inside the node forever and as a reward for this you will generate daily passive income through virtual (DaaS, Defi-as-a-service) or real nodes (NaaS, Node-as-a-service),

Daily yields in node projects vary from 1-6% per day.&#x20;

**We at ParaVerse intend to offer yield up to 12% per day per ParaNode!**&#x20;

This will be achieved through a variety of income streams such as grouped staking and yield farming to help sustain the rate of emissions, This will expose holders to a various protocols effortlessly with no network fees, swapping, bridging, staking or bonding required from you.&#x20;

**ParaVerse calls it "ParaNodes" whilst conceptually similar to DaaS from a technical perspective they are quite different.**
