What is a Node Sale?

As part of Wirex Pay’s decentralized payment network, we are introducing an innovative Node Sale mechanism. This approach not only facilitates early-stage fundraising but also decentralizes network governance and infrastructure, aligning with the latest trends in blockchain technology.

What is a Node Sale?

Node sales are a new way of distributing blockchain nodes to participants who are keen on supporting the network’s infrastructure. They offer a decentralized approach to network growth and governance, allowing early participants to earn rewards by operating nodes.

Key Benefits of Node Sales:

1. Decentralized Infrastructure and Governance:

Node sales help distribute the control and operation of the network to a wider community. This decentralization strengthens the network's security, reduces reliance on a central entity, and democratizes decision-making processes.

1. Early Access and Fundraising:

By purchasing nodes early, participants support the network’s development and gain the opportunity to be among the first to earn rewards. This method provides a sustainable way to raise funds and incentivizes early adopters.

1. Network Security and Performance:

Nodes validate transactions and maintain the blockchain ledger, ensuring the network's security and performance. With more nodes distributed globally, the network becomes more robust and less susceptible to attacks or centralization risks.

How Wirex Pay Node Sale Works:

Wirex Pay’s Node Sale is designed to offer a fair and structured way for participants to join our network. Here’s how it works:

1. Node Allocation and Tiers:

Wirex Pay nodes are sold in tiers with increasing prices, ensuring early supporters receive better pricing. There are 40 pricing tiers, each with a set number of nodes available. This structure encourages early participation and helps balance demand.

1. Node License NFTs:

Each node purchase is represented by a unique Node License NFT (ERC-721). These NFTs provide verifiable proof of ownership, can be traded or sold on secondary markets, and are necessary for operating nodes within the Wirex Pay network. After 360 days, community voting will decide on the transferability of these NFTs.

1. Activation and Rewards:

Nodes will be activated within 45 days post-Token Generation Event (TGE). Operators earn ongoing rewards, including a share of Wirex Pay’s token supply and transactional revenue. This reward system incentivizes continued participation and network support.

Why Participate in the Wirex Pay Node Sale?

1. Earn Rewards:

Node operators receive 20% of the $WPAY token supply over five years and up to 40% of transaction revenue. This provides a continuous income stream and a stake in the network's success.

1. Governance Rights:

Owning a node grants governance rights, allowing operators to vote on network decisions and help shape the future of Wirex Pay. This democratic approach ensures that the network evolves in line with its users' needs and interests.

1. Proof of Ownership and Tradability:

The Node License NFTs not only prove ownership but also can be traded or sold, offering flexibility and potential for profit. This feature makes participation accessible and attractive to a broad audience, from individual users to institutional investors.

Node Sale Timeline

The Wirex Pay Node Sale is structured to ensure fair and widespread distribution. Here are the key phases of the sale:

Whitelist Sale Launch: August 5th, at 12.00 PM UTC

Public Sale Launch: August 8th, at 12.00 PM UTC