It has been 3 months since the Beta mainnet has been publicized. After several rounds of the internal tests as well as nearly one month’s public test on the Beta Mainnet, the network is continuously improving and getting more and more stable for community users.  The formal mainnet is not very far from the finish line. In order to enlarge the influence as well as broaden the industrial connection for CPChain, we are proud to announce today that the “CPChain Industry Node Partnership Program” is right on the corner!

The main target for this program is to integrate the power and resources from our industrial friends, so as to accelerate the stabilization of the network and the deployment of application adoption.  The industry node will need to contribute to the CPChain ecosystem while simultaneously gaining their rights and benefits. Details are as following:

Industry Node Right & Benefits

Economy Benefits

The economic benefits of an Industry node are reflected in three parts, which are Proposer reward, Project subsidies, and Governance reward.

To start with, An industry node needs to propose blocks in CPChain network, same as RNode, to attain Proposer reward. The Proposer reward (RNode Reward) is 12.68CPC/block.

The second type of benefit is Project subsides.  For each qualified industry node, the CPChain Foundation will evaluate the scalability of the partner and the potentials for the partnerships. We will provide the industry node with extra support to make sure they can access our network without congestion.

In addition, Governance reward will be provided for industry nodes selected for the CPChain Community Council. More details about CPChain Community Council will be revealed to the public step by step.

The consensus system of CPChain is based on DPoR mechanism. The 12- personal proposer committee is randomly selected from the RNode candidate pool by the algorithm (which will be highly related to the balance in CPC wallet and history as a proposer). Our community and potential industry node candidate have raised a similar question about the potential ROI as a proposer. In this article, we can give out an answer to the question. Because of the random algorithm,  the annual RoI is not a fixed number. Although we cannot say it precisely, we can derive the difficulty of reaching a targeted profit level. Let's make an example:

If we set the target ROI = 10% and assume the investment number is M, we need to propose 1/126.8 * M blocks to reach that ration.

According to the above formula,

A) if an RNode invested 200,000 cpc, in order to reach the ROI of 10%, he needs to propose 1577 blocks on the chain, which is around 0.05% of the total blocks in a year.

B) if an RNode invested 1,000,000 cpc, in order to reach the ROI of 10%, he needs to propose 7886 blocks on the chain, which is around 0.25% of the total blocks in a year.

Governance Benefits

Council Entry Right: The CPChain community council is the highest decision-making department in CPChain Network. The Council consists of technical committees and ecological committees and is committed to mobilizing community forces to determine major issues in the CPChain ecosystem. In the board member entry mechanism, one-third of the council members are directly invited by the foundation. This part of the members will be selected by the CPChain Foundation in the Industry node pool. The members will be appointed for a term of one year, in addition to the corresponding administrative authority, there will also be governance rewards.

Partner Referal Right: as an Industry node, which usually means the node is very resourceful and can contribute a lot to the ecosystem in terms of community management, partnership connections and so on. For potential business partners introduced directly by an Industry node, it will go through the assessment procedure more quickly. In addition, similar to the referral procedures from community members, Industry node will also obtain referral reward after the partnership is built up.  

Right of Voting: For projects, such as DApp projects, who want to be incubated by CPChain Foundation. A voting procedure will be executed within the Industry node pool. We would like to rely on the professionalism of our Industry node to help assess the potential partners.

Advisory Right: The Industry node has the right to participate in the decision-making process in terms of project development foreseeing, strategic planning, business structure construction and so on.

Supervisory Right: The Industry node is not only the contributor and beneficiary of the CPChain industry ecosystem but the supervisor of the entire network. Through the exercise of supervision, inspection, review and other authority actions, it ensures healthy, sustainable and long-term community operation environment.

Project Subsidy

CPChain Foundation will assess the potential Industry node according to the following aspects:

• CPC balance
• Industrial Resources and Operations situation
• Hardware configuration

Those who get high comment based on the above standards will be considered candidates of Industry Node and will have the chance to get the financial subsidy from the Foundation.
 

Industry Node Obligations

Hardware Requirement

a) Minimum Requirement:
— Memory: 4GiB
— Storage: 256GB 
— CPU: Intel Xeon E5–1650 v3 (alike)
— Network: 300Mbps

b) Recommended Requirement:
— Memory: 16GiB
— Storage: 1TB
— CPU: Intel Xeon E5–2686 v4 (alike)
— Network: 1Gbps

**Please ensure high online availability of the server. We *highly* recommend the interested participants to launch miner nodes in a cloud environment such as AWS and GCP. A typical setting would be t2.xlarge on AWS with enlarged disk space.**

Token Staking

An Industry node will need to at least stake 200,000 cpc to ensure the capability of proposing blocks. CPChain foundation will assist the candidates separately based on the uniqueness of every candidate.
 

Resources Connection

In order to improve the CPChain ecosystem as well as empowering the Industry node, the Foundation expects the industry nodes can introduce resources to CPChain in terms of blockchain projects, exchanges, wallet, mining pool, investment institution, traditional IoT related entities and so on.
 

Proposing Blocks

Other than the mentioned , the Industry node also needs to propose blocks to maintain the normal operations of CPChain network.

Above is the basic information of CPChain Industry node, its rights, and obligations. CPChain will accelerate Industry node invitation to cooperate with the upcoming formal mainnet launch. In addition, applicants from the community are also warmly welcomed. Any organization or entity that is interested in being our industry node. Please send your request to tianye@cpchain. io.

CPChain, towards the trusted future.