SWRM Labs Blog

SWRM Labs Hive Incentive Bonus

Oct 2, 2020 1:02:26 PM / by SWRM Labs

 



Beginning October 1, 2020, SWRM Labs is launching a new uptime performance incentive program for businesses and individuals that join the SWRM Labs HIVE, the decentralized storage and content distribution network (CDN) in 2020.  The primary purpose for this incentive program is to bootstrap our network for testing as we roll out CDN services to new customers.  The program is meant to incentivize early adopters and encourage network loyalty.

The first 200 registrants will be eligible to receive up to 3 SWRM tokens per day per device through the end of the year.  The next 800 device registrants will be eligible to receive up to 2 SWRM tokens per day, and the next 1500 registrants will be eligible to receive up to 1 SWRM token per day.  Registrants beyond the 2500th devices will also be eligible for smaller incentive uptime performance bonuses.

All tokens will be added to the registrants’ SWRM Labs wallets daily, based on each registrant’s “Hiver” device (1) having at least 50 GB allocated storage to the SWRM Labs HIVE, and (2) being connected to the internet more than 90% of the time for that day (at least 86 out of 96 15-minute periods uptime each day).  

Starting Jan 1, 2021, the terms of the incentive bonus will be reduced by 25% for 1Q2021, and continue to be reduced by 25% each quarter until the end of the incentive program September 30, 2021, as shown on the following table:

Hiver Node Registrants

4Q2020 Incentive 

bonus daily max

1Q2021 Incentive 

bonus daily max

2Q2021 Incentive 

bonus daily max

3Q2021 Incentive 

bonus daily max

1-200

2.25

1.5

0.75

201-1000

2

1.5

1.0

0.5

1001-2500

1

0.75

0.5

0.25

2501-5000

0.75

0.5625

0.375

0.1875

5001-10,000

0.5

0.375

0.25

0.125

Existing Hiver registrants (other than SWRM Labs employees) will be automatically added to this uptime performance incentive program; no further action is necessary for current HIVE node contributors.

 

Please visit https://swrmlabs.io for more information.

 

Tags: Distributed Storage, token, HIVE, incentive

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