The Sentry node is an observation node used to monitor the Xai rollup protocol with the purpose of solving the verifier's dilemma. Nodes play a crucial role in the decentralization of the game public chain Xai! If you are interested in the specific information of Sentry node, you can refer to:
Detailed interpretation of the Xai game public chain Sentry node
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Decision on fair sale of nodes
The Xai Sentry Node sale is currently scheduled for December 6, 2023. A specific time has not yet been determined, but Project Xai is working to determine a time suitable for Europe and Asia. After careful consideration, Project Xai decided to maintain a fair launch sales approach. This means no private sales, no whitelisting, and no special treatment. The Xai Foundation decided to do this because the Xai project believes that this will ultimately build a stronger community, which is crucial for decentralized blockchain projects. The Xai project has received numerous requests from individuals and groups for private sales or special priority, all of which have been declined. It was not an easy decision, but ultimately Xai Project believes that if everyone has equal opportunities, the project will have a stronger foundation. Project Xai expects the first hours and days of sales to be intense.
The Xai technical team has tested dozens of keys on a single laptop without any issues. Node will be available for Windows, MacOS, and Ubuntu. A CLI version will also be available. Hardware, bandwidth, and power costs are significantly reduced compared to traditional nodes in other popular ecosystems.
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Node revenue analysis
Let me tell you my conclusion first. The limit may be 11,000 times!
I think my analysis is subjective with a bit of objectivity, and objective with a bit of subjectivity. We can discuss how to balance it. If you are a leverage expert, don’t you mean that BTC may fluctuate back and forth between 10,000 and 100,000? So, let me express the inference logic of my conclusion:
Understanding FDV (Fully Diluted Valuation): FDV represents the total value of all tokens in the project. Taking Xai as an example, its maximum supply is 2.5 billion tokens. If each token is worth $1, the FDV will reach $2.5 billion. This is an intuitive and practical way to understand the potential market value of a project.
Comparative analysis with other projects: In the cryptocurrency space, comparisons are often made between different projects. Xai can be compared to successful projects such as ImmutableX and GALA Games. For example, during the 2021 bull market, GALA Games’ FDV peaked at $35 billion. This comparison is crucial because it sets a benchmark for what Xai is likely to achieve.
Potential Returns for Early Investors: “Implied FDV” is especially important for early investors. For those investors who entered at the earlier Sentinel node tiers, “Implied FDV” is approximately $2 million to $3 million. This suggests that early investors could see returns of up to 11,000x if Xai reaches a similar peak FDV to GALA games. Specifically, a $300 investment could grow to $3.3 million.
It is important to note that the term “Implied FDV” is used because crypto markets are dynamic and unpredictable. Factors such as the distribution of node currency, GAS consumed by the game, and the level of investor entry may all affect the final FDV. While acknowledging the uncertainty, it is also very important to emphasize that if Xai performs on par with GALA and IMX, early investors will be rewarded handsomely. This is not just speculation, but is based on observation and comparative analysis of similar successful projects.
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The most important thing in the currency circle is DYOR (do your own research), so the following is the official current information and documents about Xai nodes that I have compiled. What are your opinions after reading it? Any corrections are welcome!
The official information is organized as follows:
At 7:01 am on November 9, 2023, the official Twitter of the game public chain Xai officially released the follow-up specific arrangements for the Shaobing (Sentinel) node! As shown below:
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1. According to this tweet, we can get the following information:
Xai nodes will be officially released on December 6, 2023
Xai nodes will be sold on Arbitrum, with an initial price of US$300 equivalent in ETH.
Xai nodes have a total of 50,000 keys, and one node can load multiple keys to obtain multiple network rewards. It can be understood that a node loading 1 key can obtain 1 network revenue, then a node loading 10 keys can obtain 10 network revenue.
2. Now let us analyze the benefits of Xai nodes:
According to official documents, 50,000 keys are divided into 40 groups. The mathematical logic of the division has not been announced, but it is not equally divided. I think that in the early stage, we can only look at the first 10 groups, as shown below:
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The more critical information here is that the rush purchase seems to be a good deal, as shown in the picture above (only the 10th set of key prices are cut, the 40th set is too far away):
The price of the first set of 3,000 keys is US$300 per key;
The price for the second set of 2841 keys is US$345 per key;
Group N...;
The price of the 10th set of 1836 keys is US$1049 per key;
Group M...;
The price of the 40th set of 357 keys is US$69,205 per key;
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Let’s take a look at the official document’s evaluation description of discounted value:
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Combining the above "Xai key grouping and discount value evaluation table" and the official explanation, it is not difficult to find the following conclusions:
Uncertainty of Xai node reward value:
The reward value of a node is affected by many factors, including the number of nodes, the keys loaded and the timing of reward issuance, so it is difficult to give an accurate prediction.
Valuation method:
The "Implied FDV" column in the "Xai Key Grouping and Discounted Value Evaluation Table" reflects the "implied" reward value, but this estimation method is affected by the operation of the entire network (can be compared with Bitcoin mining by analogy with the benefits).
Assumptions:
Valuation assumptions are based on the fact that the number of nodes participating in distributing rewards is limited, and the number of these nodes is limited to the cumulative total of the specific tier in which they are located.
Time span for award distribution:
Sentinel node rewards are not issued once, but gradually over many years.
Possibility of deflation:
If 100% of gas fees are burned on the network, there could be a period of deflation, which would theoretically increase the value of network rewards.
Fluctuations in actual valuation:
Due to the above factors, the actual reward value may be better or worse than estimated, so when making investment decisions, you need to consider a variety of possible situations and outcomes.
Personal scenario simulation:
Given the uncertainty of reward value, potential node operators are advised to simulate different scenarios to evaluate potential value based on their own specific circumstances and market conditions.
3. Appendix
For an overall introduction to the Xai public chain, please refer to this article:
Game public chain Xai: a wealth code you must not miss
On August 30, 2023, the Xai project launched the Odyssey event, which will last until December 15. Participating in the Xai Odyssey event will receive 5 NFTs based on the overall network ranking. You can read this article:
Xai Game Public Chain Odyssey Event Zero-Cost Beginner’s Guide
In October 2023, the Xai project announced Sentry Nodes. Running sentry nodes will receive token rewards from the Xai blockchain. The initial price of the sentry nodes is US$300, and the price will gradually increase. You can read this article article:
Detailed interpretation of the Xai game public chain Sentry node
On October 26, 2023, the Xai project announced the token economic model. More than 50% of the tokens belong to the Xai community. You can read this article:
Interpretation of the "Token Economy" of the Xai project
In order to quickly find all kinds of inquiries about the Xai project on Binance Square, you can check this article:
Game public chain Xai: Binance Plaza database
Finally, I hope that my sharing of the Xai project at Binance Plaza can provide everyone with a comprehensive understanding of the Xai project. I always believe that if we continue to work hard in the blockchain and Web3 industries, Build will realize our dreams. LFG!
