The Privasea WorkHeart x StarFuel NFT node sale
Everything you need to know
Everything you need to know
Privasea, the post-quantum FHE-powered blockchain technology designed to safeguard our most precious information, will soon enter into the mainnet phase.
In this potent share, we reveal the beating heart of our infrastructure: The WorkHeart nodes and StarFuel NFTs… and how you can be an invaluable part of that architecture while earning ongoing rewards in a novel design.
We’ve asked our advisor , EnigmaFund, who incepted and designed this architecture in collaboration with our tokenomic experts Austin Seiberlich of CoinCraft and Kenno from 1NVST, to drop an article explaining the short, and long-term benefits and dynamics of the Privasea node ecosystem.
The node sale goes live on the 10th of July at https://www.privasea.ai/nft
The Privasea AI DePIN Network offers a groundbreaking solution to the challenges associated with data privacy in the realm of artificial intelligence.
We innovate by performing encrypted machine learning inferences, using secret datasets to enhance privacy and security. Privasea AI Network enables sharing of data insights instead of raw data, reducing privacy risks and promoting collaboration and knowledge exchange.
The network uses token incentives and smart contracts to manage Gas Fees and miner Staking, combining Proof-of-Work (POW) and Proof-of-Stake (POS) for secure, efficient processing.
Privasea testnet prioritizes privacy and security, enabling users to leverage distributed computing while maintaining full control and confidentiality of their data and models for a secure AI experience.
Examples of what Privasea will be used for:
The WorkHeart USB nodes are the backbone of Privasea’s Proof-of-Work AI DePIN architecture design. Privasea’s FHE (Fully Homomorphic Encryption).
To fully decentralize the network, Privasea have chosen a hardware format that is portable and easy to handle/ integrate when going with a USB format.
The USB nodes have a probabilistic ability to perform critical functions in the network.
There is a pool from the total Privasea token supply, which is dedicated to rewards for the contributors who run the USB nodes. A total of 66,666,666 tokens representing 6.666 % of the total Privasea supply are reserved for this purpose.
We will be releasing WorkHeart USB nodes in “seasons” or “waves”. There will only be 500 initially available to tap into the first season’s reward pool. In each season we will ship more USBs to meet demand.
The StarFuel NFTs are built for the core of our culture and community at Privasea as well as partner closely with core contribution to the Privasea architecture.
By pairing the StarFuel NFT with a WorkHeart USB node, the two work in tandem for the benefit of every actor in the network.
Reward pool - 6.66% of total supply.
Those rewards will be distributed within a time frame of 36-42 months.
Rewards will be based on:
1. Computation Power
2. Uptime
3. Tokens staking multiplier on Starfuel NFT
Privasea plans on buying back a portion of the FHE computational demand to continue to restock the rewards pool to provide increased rewards over time and the length of time of the USB reward. The goal of these buybacks is to eventually have a self sustaining ecosystem where USBs are rewarded purely by FHE computational demand.
Assumptions
◦ Reserved tokens for this category: 66,666,666
◦ Price per USB: 0.2 ETH
◦ Current ETH price: 3500$
◦ Amount of USBs live in our network: 5000
◦ Same uptime and computation power for every USB
• This would result in a implied USB FDV of $52.5 million
The higher the demand, the higher the valuation.
We anticipate that this innovation in PoW and PoS interoperability with a long-term outlook at incentives across project, users and clients creates a balanced approach to creating a powerful experience for all players while pushing forward innovation in blockchain incentive mechanisms.
Privasea forms the beating heart of crypto and AI’s ability to deliver critical privacy tools, which look beyond the mundane obfuscation of transactions and rather into the ability to do business with data sets and identity in a way that has always been a north star, now no longer out of reach.
We invite you to step into the bold new era of the privacy and AI economy with us as a partner and contributor with WorkHear and StarFuel.