Who are the Keepers?
The United Blockchain Dollar Network has introduced an innovative concept in which holders of the UBDN token, known as “Keepers,” are essential for the support and upkeep of the network’s infrastructure.
To participate in Epochs, which are 30-day intervals, Keepers must possess a designated quantity of UBDN tokens. During these periods, they have the opportunity to receive monthly rewards in UBD (United Blockchain Dollar), an algorithmic stablecoin that is tied to the value of the US dollar.
Epoch — a consecutive 30-day period in which UBDN holders, also known as Keepers, participate to generate rewards.
It is very important not to confuse 2 types of tokens of the United blockchain project Dollar Netrowk
UBDN is a utility token that enables its holders to contribute to the ecosystem, assume the role of Keepers, and engage in Epochs for the chance to earn monthly rewards in UBD.
UBD, short for United Blockchain Dollar, is an algorithmic stablecoin that is anchored to the US dollar. Additionally, it is supported by assets including BTC, ETH, and the stablecoins USDT and DAI, which collectively constitute the Attractor Reserve.
Anyone is eligible to become a Keeper and earn UBD in return for their efforts towards the maintenance and security of the UBD Network.
The rewards system and the mechanism of participating in Epochs are structured to encourage actions that enhance the stability and security of the network.
The minimum amount of UBDN to participate in Epoch is to be altered by Halving and starts with 1024 UBDN.
How do Keepers earn?
During its initial development phase, the UBD Network will operate within the Ethereum ecosystem, allowing Keepers to earn rewards without having to supply their own computational resources or handle transactions on their infrastructure.
Keepers are required to take part in Epochs to receive monthly rewards, both prior to and following the introduction of the UBD Network’s own blockchain.
Consequently, Keepers must retain their UBDN tokens in their wallet throughout the duration of the current Epoch and refrain from transferring them for the entire period of thirty days to qualify for rewards for that Epoch.
As we already mentioned above It is crucial to store at least 1024 UBDNs in the wallet and not move them from the start until the end of the Epoch!
The required quantity of UBDN tokens for a Keeper to participate in an Epoch decreases by half with each Halving event.
Halving is a distinct mechanism that reduces the amount of UBDN needed for Keepers to join in Epochs. UBDN Halving events are scheduled to take place exclusively during the 2nd, 4th, 8th, 16th, 32nd, 64th, 128th, 256th, 512th, and 1024th Rounds.
How is the rewards distributed?
The calculation formula looks like this
UBD Network profit during the Epoch / 2
Example
During the Epoch, the UBD Network produced a profit of 100,000 UBD. Out of this, 50,000 UBD is allocated to the Keepers. Although there are 50 UBDN token holders, only 30 have taken part in the current epoch.
Thus, the 50,000 UBD will be shared among these wallets. The total amount of tokens held in the 30 wallets is 3,546,550. This results in a distribution rate of 0.01409821 per token, calculated by dividing 50,000 by 3,546,550. Consequently, a Keeper with 25,791 tokens in their wallet would earn $363.606886 for the completed Epoch.
How to become a Keeper after the network is launched?
After the launch of the UBD Network, individuals wishing to become Keepers must engage in Epochs, hold a certain amount of UBDN tokens, and have access to high-performance computing equipment within a dependable network.
Open-source software will enable anyone interested in contributing to the network’s security to become a Keeper. Rewards will be distributed to Keepers who maintain operational equipment with 99.9% uptime during Epochs, while those with less than 99% uptime will not receive rewards.
Moreover, Keepers who transfer their UBDN tokens during an Epoch will lose their entitlement to rewards. They are vital for the verification of transactions, which get added to the blockchain once consensus is achieved.
Technical requirements will be provided as soon as the blockchain will be launched.
The UBD Network aims to create a more accessible and decentralized financial system by leveraging blockchain technology for asset management without intermediaries.
Learn more about the First #DeTrust protocol: https://ubdn.com/
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