Early Adopter Node Exclusivity

Objective

We have a series of proposed changes coming to VaporNodes, culminating in the creation of a secondary marketplace that would allow node owners the ability to buy and sell nodes. In order to preserve scarcity for the secondary market, and to also ensure that there isn’t continuous dilution from external entrants looking to buy a node as VaporDEX launches, VPND Staking goes live, and Project Elevate benefits kick in – we are recommending that we shut down the ability to create new nodes at the right time.

Our recommendation is to shut down new node creation simultaneously with the implementation of our new Global Distribution Model (proposal 2) and VPND Staking going live. With this timing, we mitigate risk of seeing price action challenges due to lack of new nodes coming online, while also preventing someone from diluting node supply after they see our staking mechanics and VAPE tokenomics.

Proposed Changes

If approved, the following changes would be implemented at the same time as the new GDM emissions model and before/concurrent to VPND Staking on VaporDEX goes/going live. Actual date of implementation to be determined, but our community would be given a 7-day heads-up unless otherwise communicated

Turn off the ability for a new node to be created when the new GDM reward model is implemented and before VPND staking goes live. Note that this is not a Node Count Cap, it is the deactivation of node creation altogether

Detailed document of proposal: https://vaporfi633.sharepoint.com/:w:/s/VaporFi/EXqvc2z6qDxHiebja1UGy_EBlrakG8y-nC1SHsSgbngT4w?e=bCIoGb