In response to a valuable community feedback, we've made a couple of adjustments to our plans. These changes are designed to better serve our growing community while staying true to our vision of creating a true DePIN network.
We have some important updates to share regarding our node sale. We've made these adjustments in response to recent developments and community feedback.
Based on feedback from our partners and community we are making some small adjustments. Rather than selling the Workheart and Starfuel separately, we’re making them a combo moving forward.
In line with that, we're increasing the number of Combos from 500 to 5,000 in season/ tier 1. This significant boost is aimed at meeting the high demand we've seen and allowing more community members to participate.
This does mean that Starfuel will not be sold on its own anymore and the benefits of the program will increase and roll into the combo.
The percentage for the StarFuel airdrop allocation has been increased from the original 0.75% to 1%, which we hope will provide additional value to our community.
We're also moving our mint date to July 30th. This new date will give us more time to make sure everything runs smoothly and gives our community more time to prepare.
For those interested in our node program, we've set a new maximum. The 6.66% pool will now accommodate up to 20,000 nodes, meaning the maximum number of nodes we will ever have is capped at 20,000.
If you reserved a StarFuel NFT, your reservation will be automatically upgraded to the StarFuel and WorkHeart combo – no action needed. Once the minting period begins, you can acquire the combo. If you choose not to purchase the combo, both the StarFuel and WorkHeart Combo pages will update after the minting period ends to include a refund feature, allowing you to claim your refund. Additionally, the same discount of 5% off or 10% off (with the referral code) will still apply for StarFuel subscribers when they mint the WorkHeart Combo.
The changes we have decided to make to our node sale policy have several reasons.
First of all, the demand for our physical USB surpassed our expectation by a significant margin. Our target we had initially envisioned at the number of 500. This surge in interest, particularly coming from institutional miners, has changed a lot of things.
Secondly, StarFuels holds unique value with a total supply of only 5,000 units. However, as a Node multiplier, there wasn't enough hardware to match it in the first season, which caused confusion among StarFuel purchasers. We have adjusted the plan to equip each StarFuel with USB hardware. This setup is more reasonable and easier to understand.
Because of this overwhelming response, we've decided to increase our supply of combos for season1/ Tier1 from 500 to 5,000. While this is a significant jump, it's worth noting that it still doesn't fully meet the current demand. However, it does allow us to better serve the market while maintaining a balanced growth trajectory.
NOTE: there will NEVER be more than 5,000 Starfuels.
After the minting period ends, we will refund the reservation fees for anyone who did not mint. The process involves applying for a refund on our refund page, and we will return the funds to their original wallet address.
This expansion aligns perfectly with our long-term strategy. We are just fast-tracking our plans due to the unexpected levels of demand we're experiencing. It's a positive challenge that we're excited to take on.
By increasing our node count, we're taking a big step towards our goal of becoming a true DePIN network. More nodes mean greater decentralization, which is at the core of what we think DePIN should look like.
This growth is great news for our community. With more people actively involved in the ecosystem by running nodes, we're building a stronger, more engaged Privasea ecosystem. This increased participation will be invaluable in bringing our vision to life.
And while these changes have come unexpectedly, they are making the team more excited than ever before about our chances of making the vision of Privasea a reality.
We're stoked about these developments and the opportunities they present. As always, we appreciate your support and look forward to sharing more updates as we continue to grow as a network, an ecosystem, and a community.
1. WorkHeart and StarFuel will now be sold only as a combo, not separately.
2. Combos available increased from 500 to 5,000 in season/tier 1.
3. StarFuel airdrop allocation increased from 0.75% to 1%.
4. Minting date moved to July 30th for better preparation.
5. The 6.66% pool will now accommodate up to 20,000 nodes maximum.
6. Existing StarFuel reservations upgraded to the combo, with a refund option if not purchased.
7. 5% off or 10% off (with referral code) still apply for StarFuel subscribers when minting the combo.
This is aligned with our long-term strategy and enhances our community and ecosystem. We appreciate your support and look forward to the exciting developments ahead.