How Does the Node Renting Work

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Last updated 5 months ago

How Does the Node Renting Work

How Our CPU Renting Works: A Step-by-Step Guide

If you’re new to DePIN and Nodes, don’t worry! Our CPU renting process is designed to be straightforward, even for those without prior experience. Here's how it works in 7 simple steps:

Swap to ONI Tokens: To get started, you’ll need ONI tokens. Swap your existing cryptocurrency for ONI tokens directly on our platform. This is the currency you'll use to participate in our ecosystem.
Add Liquidity (ONI/BNB): Once you have ONI tokens, the next step is to provide liquidity. You do this by pairing your ONI tokens with BNB (Binance Coin) in our liquidity pool. This process helps ensure there are enough funds available for everyone to trade and use the services.
Receive LP Tokens: After adding liquidity, you’ll receive LP (Liquidity Provider) tokens. These tokens represent your share in the liquidity pool and are essential for the next steps.
Stake LP Tokens to Nodes and Earn APR: With your LP tokens in hand, you can now stake them to participate in node operations. Staking means locking your tokens into a smart contract, which helps support the network. In return, you earn an APR (Annual Percentage Rate), providing a passive income stream.
Run the Node: The staked tokens help power our network nodes. Nodes are crucial components of the blockchain, responsible for processing transactions and securing the network. By supporting these nodes, you’re actively participating in maintaining the network’s integrity and efficiency.
GPU Rental and Blockchain Validator Integration: Alongside running nodes, our platform integrates GPU rental services and blockchain validation. This means the computational power provided by our community is used for complex tasks like AI processing or validating blockchain transactions, enhancing the network’s capabilities.
Share Rewards and Commissions: As a contributor to our network, you’ll receive a share of the rewards and commissions generated. These are distributed proportionally based on your contribution to the liquidity pool and node operations. This means the more you participate, the more you can earn.

By following these steps, you not only support our network but also earn rewards, making our CPU renting service a great opportunity for everyone, regardless of prior experience with DePIN and Nodes.

PreviousGPU Nodes Renting Service NextONI Protocol Service

Last updated 5 months ago

How Our CPU Renting Works: A Step-by-Step Guide

If you’re new to DePIN and Nodes, don’t worry! Our CPU renting process is designed to be straightforward, even for those without prior experience. Here's how it works in 7 simple steps:

Swap to ONI Tokens: To get started, you’ll need ONI tokens. Swap your existing cryptocurrency for ONI tokens directly on our platform. This is the currency you'll use to participate in our ecosystem.
Add Liquidity (ONI/BNB): Once you have ONI tokens, the next step is to provide liquidity. You do this by pairing your ONI tokens with BNB (Binance Coin) in our liquidity pool. This process helps ensure there are enough funds available for everyone to trade and use the services.
Receive LP Tokens: After adding liquidity, you’ll receive LP (Liquidity Provider) tokens. These tokens represent your share in the liquidity pool and are essential for the next steps.
Stake LP Tokens to Nodes and Earn APR: With your LP tokens in hand, you can now stake them to participate in node operations. Staking means locking your tokens into a smart contract, which helps support the network. In return, you earn an APR (Annual Percentage Rate), providing a passive income stream.
Run the Node: The staked tokens help power our network nodes. Nodes are crucial components of the blockchain, responsible for processing transactions and securing the network. By supporting these nodes, you’re actively participating in maintaining the network’s integrity and efficiency.
GPU Rental and Blockchain Validator Integration: Alongside running nodes, our platform integrates GPU rental services and blockchain validation. This means the computational power provided by our community is used for complex tasks like AI processing or validating blockchain transactions, enhancing the network’s capabilities.
Share Rewards and Commissions: As a contributor to our network, you’ll receive a share of the rewards and commissions generated. These are distributed proportionally based on your contribution to the liquidity pool and node operations. This means the more you participate, the more you can earn.

By following these steps, you not only support our network but also earn rewards, making our CPU renting service a great opportunity for everyone, regardless of prior experience with DePIN and Nodes.