Redefining The Future: The Matthew Effect

Looking at the history of human development and the economic cycle, you will find that what goes up must come down. Short-term centralization and long-term decentralization make innovation and change necessary conditions for the sound development of the system. However, in the field of digital Blockchain economy, both the POW and POS consensus systems will lead to the problem of “the richer getting richer”, and it is not easy to make a change. This is the “centralization” predicament of all decentralized projects.

The Bottos node design strives to break through this predicament and allow more DApps to give the rein of innovation and change so as to break the curse of the centralization of wealth distribution. The innovation of the Bottos node is that the DApps developed on Bottos can be deployed in the Bottos network environment or on its own established nodes, and can be published and deployed through node management services. The self-built node of DApps is conducive to realizing the redistribution of the ecological resources and wealth of the Bottos system, the rediscovery of influence, and to a certain extent the prevention of the “Matthew effect.”

Bottos supports dynamic deployment and management of nodes. It dynamically publishes and updates services through microservices, provides a more agile model for node deployment, accelerates node discovery, and facilitates node establishment and maintenance. Therefore Bottos nodes provide for more flexible, agile, and dynamic management.

Redefining The Future: A Theme of Balance and Complementarity

Bottos nodes are divided into basic service nodes, application nodes, lightweight nodes, and ultra-lightweight nodes. The nodes check and balance each other to form a dynamically balanced self-consistent universe of node galaxies.

(1) Basic Service Node

The basic service nodes provide the basic services to the entire Bottos blockchain system. In addition to supporting the core functions of the blockchain such as transaction consensus, contract deployment and block production, it also supports the main functions provided by the Bottos service layer, such as the unified identity system, storage management service, credit service, Token management and contract management to provide the most important production services for the overall Bottos network. Bottos basic service nodes include Lyra Node, Cygnus Node, Vela Node and Andromeda Node ranking in descending order according to the amount of pledged tokens and deployment requirements, which correspond to the basic service nodes of different levels. The specific requirements for the volume of pledged BTO and minimum configuration of each node are shown in the following table.

(2) Application Node

Application nodes mainly serve different DApp deployments in the ecosystem. Application nodes can be deployed on their own or deployed on the base nodes. (In the future, the logical applications for the deployment of base nodes can charge for deployment).

The application node supports specific applications of ecological members, handles complex logic, and deploys contracts to process the corresponding core data in the consensus layer.

The application node construction can choose to allow basic token pledge, and its core contract service is provided by the base layer. Only the pledged application nodes have the opportunity to obtain the corresponding profits from the contract implementation in the ecosystem, the distribution revenue of Token in the future, and at the same time the opportunity to gain the profits of airdrops, while unpledged nodes only have the opportunity to gain the profits of airdrops.

Application nodes can release their own services and obtain corresponding service fees according to actual needs, which should be regulated and agreed upon through smart contracts.

(3) Lightweight Node

Lightweight nodes are mainly used as data verification nodes of Bottos. They do not provide the corresponding functions of the service layer, only perform functions such as the synchronization of Core layer data and can support the basic services of Bottos Core layer.

The incentive plan of lightweight nodes is the same as that of the application nodes, but the benefit coefficient can be different from that of the application nodes.

(4) Ultra-lightweight Node

The ultra-light nodes mainly handle block header verification and synchronize key HASH data.

Node Election Period (tentatively scheduled and will be adjusted according to deployment)

July–August: the election period

September–mid-November: the trial run

December–January: shifting to commercial stage

In the early stage of Bottos construction, the network system construction requires a certain period of time. At the same time, the existing problems need to be addressed, maintained and repaired. From the perspective of protecting the long-term strategic interests of Bottos users and future collaborators, Bottos Foundation decided that there will be a trial run of the platform in the early stage, during which the node construction and maintenance will mainly depend on Bottos and its strategic partners. After shifting to the commercial stage, the node construction and maintenance will be jointed conducted by the superpartner and supernode of Bottos. Specific election rules will be announced before the preparation period begins.

Redefining The Future: Rewards and Profits

1. Airdrop Rewards

BTO position holders will receive a reward of a total of 10% DTO, that is, 1 billion DTO, which is expected to be issued in multiple batches–20% in the first batch, 40% in the second batch, and the remaining 40% in September. The specific time of issuance is random. At the same time, the Bottos Foundation will make judgments based on the BTO balance of the account and the holding period, and the Bottos Foundation will snapshot the accounts from time to time during the period and give publicity

During the delivery period, users can register account addresses in the Bottos Community APP. The Bottos Foundation will do statistics and issue corresponding DTO, while APP users can receive additional rewards.

2. Mining Rewards

Node owners can mine a total of 90% DTO, or 9 billion DTO.

The delivery rate in the first year is: 100 DTO/block. The delivery rate is attenuated by the formula every year. The delivery is expected to be completed in 16 years.

The specific formula is as follows:

Note: “I” indicates the year i; “Vi” indicates the delivery rate of year i

“λi” is the adjustment coefficient for year i, ranging from 0.5 to 1.5, which can be adjusted according to the consensus opinions of the community later. The default value is 1.

(reference data)

Fomula and Examples of Profits

Mining Fomula: M ×40% / N

Note: M represents the total annual mining output, e.g. in the first year it’s 1.5 billion

N represents the represents the number of producing nodes the block generated, i.e., 29.

The Bottos Foundation will use the obtained DTO for additional rewards. The specific rules of the will be set by the Foundation. To encourage AI companies to participate in the Bottos ecosystem, the Foundation airdrops AI companies a part of the DTO as an early support.

*The Bottos Foundation rewards are temporarily estimated and the follow-up distribution and rewards will be given based on the Foundation’s assessment and node service quality.

Node campaign will start around 6/27, the benefit come 3 ways:

1) Airdrop from Bottos team

2) Benefit for being a producer with the number of pledged BTO.

3) Benefit for being a producer

e.g. If a BTO hold joins the campaign and being elected as a node with block produced in one year, the Node get DTO as follow:

1.5billion × 40% / 29 = 20.68 million

At the initial stage, Bottos Foundation aims to maintain ecological stability and balance through optimization algorithms, and the Foundation reserves the right to adjust quantities. After entering the stable period, in the follow-up product development process, if necessary, the Foundation will initiate a vote, propose amendments in due course, and decide whether to implement the amendments through community voting. All node holders will have the right to vote and decide whether to adjust the base generation rate of the DTO.

For nodes of different grades in the future, Bottos Foundation encourages the node construction through corresponding rewards and provides offline rewards for nodes participating in system construction with a low block generation rate and enough service time. Rewards will be given in accordance with different grade coefficients to encourage the construction of the ecosystem.

*Bottos reserves the right of final interpretation of the event.