Treasury Deposit #4

Treasury Deposit #4

Hey VapeArmy!

We have been analyzing market opportunities and we are ready to present a new proposal. This is about Pokt Network.

Many of you have suggested us to to have a look at POKT and they certainly have an interesting project. They provide full RPC nodes that are compatible with multiple chains, and we LOVE nodes. Their protocol pays rewards for relaying request as stated in their website:

"POKT rewards are directly proportional to the number of relays and transaction fees in a given block. At the network launch, Nodes receive .0089 POKT per relay fulfilled and proved. In addition, the block producer receives 1% of the entire block reward. All nodes in the network have an opportunity to produce a block, but their chances are proportional to their stake."

Full details of their rewards mechanisim can be found here: https://medium.com/pocket-network/pocket-economics-for-node-runners-4f812cc0c18d

We propose to create 10 nodes distributed globally in the following locations:

• 2 Node in New York
• 2 Node in Los Angeles
• 2 Node in Sydney
• 2 Nodes in Frankfurt
• 2 Nodes in Singapore

We chose these locations because we can provide a low latency connection to everyone around the world.

Each node will stake 15,050 POKT. And the current ROI is ~400% APR. In other words we can earn ~$60k/month to build support VaporFi price.

Not only does this provide a B-E-A-UTIFUL APR, but we'll also then propose that they add VaporChain to their network of various chains that they support.

This will cost roughly $150K at the moment.