Finance

The Shift Team will be instigating a reward program for those that set up a storage node and join the Phoenix testnet cluster. This will come in the form of 15 SHIFT (≈5 $) distributed to qualifying participants every month.

In total, 9,000 SHIFT (≈ 3000 $) will be available for distribution during the first 3 months of the Shift v7.0t roll out.

The deadline to enter the first month of the Shift Reward Program is out

Register a storage node before July 1st and receive a ‘starter bonus’ of 20 SHIFT on top of the 15 SHIFT you’ll receive every month you participate. On top of that, you’ll be entered for a chance of winning a bonus of 1,000 SHIFT!

From Official Discord channel:

Werner Heisenberg (Vice-president and Operations manager):

Following the receipt of questions from several individuals, the Shift team’d like to confirm that participants in the Shift Reward Program may setup multiple storage nodes in order to qualify for multiple rewards, though with limitations on the number of bonuses they will qualify for.

They’re happy to support multiple nodes per participant, with every storage node a participant sets up granting them 15 SHIFT per month. However, the ‘starter bonus’ of 20 SHIFT is a one-off, paid only once to every participant and not for every individual node that that participant sets up. Likewise, the chance of winning the bonus of 1,000 SHIFT does not increase with the number of nodes set up by each individual participant. This is because the motivation behind the 20 SHIFT reward and 1,000 SHIFT prize is the stimulation of an increase in the community size rather than explicitly the number of nodes in the network.

A repost of the rules. To have a valid claim to the 15 SHIFT/month reward:

* Uptime is measured from the 1st of each month.

* Max. 2 days downtime per month.

* Response time following the release of a new patch should be within 2 days.

* The first qualifying period begins next month on July 1st.

* Payments are sent on the 1st day of the following month.

# A onetime bonus of 1,000 SHIFT will be sent to a randomly selected node operator who has participated during the first qualifying month, with the prize paid on August 1st.

# These offers are not open to delegates currently forging on the Shift mainnet.

Join Shift Discord channel, setup a Phoenix node, post a private message to Shift operations manager, Heisenberg#8320, containing the peerID (public key) and public IP address of your node, and then share the mainnet wallet address you’d like to use to receive your funds. The team will be monitoring the online state of all nodes consistently in order to ensure suitable uptime.

Shift exchanges: