GalaHub Nodes Selection — How to become a GalaHub node in GalaCloud network
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What is GalaHub?
The distributed storage system provided by GalaCloud is composed of multiple GalaHub nodes and GalaBox nodes.
For the introduction of the GalaCloud, click on the link: https://medium.com/@zeepin/galacloud-distributive-encrypted-data-storage-network-by-zeepin-16caac88be22
GalaHub describes itself as a network server provided by applicants to configure suitable storage space and offer high-performance bandwidth. GalaHub also sees itself as a device to search addresses and as a dispatcher. During GalaHub’s communication with GalaBox, it can obtain key information of Heartbeat of GalaBox, collect service from client side and dispatch the API service.
Users need to pay Gala for storing files in GalaCloud and 20% of Gala earned from this will be distributed to all GalaHub nodes. The revenue of each node will be determined based on the ammount of mortgaged ZPT. As a reward for early adopters, Zeepin will also provide an additional compensation to GalaHub nodes in the first year of operating.
In the first year, Zeepin Foundation shall compensate GalaHub nodes with Gala equivalents that are 10 times the amount of ZPT mortgage, which is capped at 500,000,000 Gala and will be distributed on a weekly basis. The start of distribution is scheduled forNovember this year.
For more details, see the Zeepin GalaCloud economic paper: https://www.zeepin.io/about
The reward of each GalaHub node will be calculated according to the position in the “incentive curve” presented in the GalaCloud economic paper. Once the selection begins, we will provide a simple interface to calculate the position on the incentive curve depending on the mortgaged amount of ZPT.
Become a GalaHub node
If you hold ZPT and wish to join GalaHub cluster, you need to submit a mortgage application through the GalaHub participation page. In order to enter the pool you need to mortgage at least 400,000 ZPT (which will be locked for 18 months). At first, 49 GalaHub nodes will be recruited and ranking will be done based on the number of mortgaged ZPT and geographical location. The community management comission will require candidates in the pool to submit relevant information to verify their authenticity. If selected you need to provide a server with suitable storage space and high-performance bandwidth in November 2018 . There will be no charge if the applicant is not selected.
If selected, the ammount of mortgaged ZPT will be send to a designated contract and be locked for 18 months. Before being selected as the GalaHub node, the applicant can increase the number of mortgaged ZPT or cancel the application but cannot reduce the number of mortgaged ZPT or his application will be cancelled.
GalaCloud plans to recruit 49 GalaHub nodes. The application will open on August 8th, 2018 and close on August 30th, 2018.
At that time, the ZEEPIN community team will release the GalaHub campaign link, so stay tuned.
For more detailed information about GalaCloud please refer to GalaCloud White paper: https://www.zeepin.io/about
News Channel: https://t.me/ZeepinNews