differences between applying to be a node operator on the test net, vs participating in the soft nodes in November. What's the difference here?
Earning in our choice of either DAG, or LTX correct?
Ahh, so is there an advantage to applying for a main net node at this time? I'm guessing that delays earning? (This is totally fine, I'd rather the mainnet be perfect than stress over earnings). I guess I'm trying to figure out the advantage of applying to be a mainnet node operator?
What happens with all the foundational nodes? Do they continue to earn until Q3 next year without retail?
Will everyone with 250k be wcomed into Phase 3 (q2 mainnet production). What is the selection process?
@ben ok so basically staking our node amounts is called a soft node right.?
But if we are selected as a testnet node, we loose the benefit of staking with a soft node, correct ?
Yes, soft nodes is an interim way for people to monetize their node collatarel
The mainnet will eventually be permissionless
It sounds like in the long run though, applying as a mainnet operator may be advantageous in terms of earning potential?
You will ultimately need to redirect your staked dag to the main net node when the time comes!
I like 👍 so just stake and earn rewards from day one buy node’s entering the test net get no rewards in that stage ?
You can do both.
Me too
I will have to double check on if you need to have your 250k on your node wallet for testnet or not
Well only soft nodes provides a yield.
Yes, I remember hearing that. Ok, so I think I fully understand. I appreciate your time!
Nice explanation. Thank you!
Absolutely! From what I'm gathering, there is no clear advantage. You can start earning with soft nodes in November, and the mainnet application allows you to apply to onboard onto the mainnet and assist with the network. Regardless, all of us with 250k DAG will eventually be on the mainnet. It sounds like soft staking may be the way to go. Someone please correct me if I have that wrong.
Soft node is like staking . Is that right gents
Yes
Yes lady
Man not lady
Will there be a video or something that shows us what to do in regards to this?
You need at least 250k Dag ? Or can stake less?
250k for soft node stake
So people with less 250k DAG cannot earn APY
Not via the soft nodes.
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