Resources and Currency Supply
Last updated
Last updated
Autonomi tokens are recycled when users exchange them for Network services, which means that there will always be a supply for node operators to earn.
Tokens will be emitted during an upload event and become available to either the client or node operator. The number of tokens emitted as the result of each event will be in proportion to the amount of data stored. Emission will continue until the Maximum Supply is reached.
At the time of writing the Autonomi Network is still pre-release. However, a token called MaidSafeCoin (eMAID and MAID) can be purchased on cryptocurrency exchanges. When the Network goes live MAID will be exchanged for the live Network token on a 1:1 basis.
Nodes all have the same capacity and on average over time will all be as full as each other, but there will be some local variations which leads to fuller nodes quoting higher prices. The client should choose the lowest store cost offered for each chunk stored.
The rate of payment will also depend on the ‘storage reward rate’, which is a variable based on the quantity of free resources in the Network as well as the number of tokens in circulation.
This happens automatically, and the effect is to create an incentive for those supplying resources to provide storage when the overall spare capacity is low, and a disincentive when the amount of free space is high.
By adjusting the storage reward rate according to the amount of free available space on the Network, users storing data are charged at the optimum rate. This supply and demand relationship results in dynamic pricing, translating into competitive prices for data storage
By adjusting the storage reward rate according to the amount of free available space on the Network, users storing data are charged at the optimum rate.