ATTN Node Election and Voting Rules
Dear ATTN users,
In order to fully integrate and support the ecological development of ATTN, ATTN officially annouces its node election and voting rules.
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
This article will detail ATTN’s node campaign rules to help individuals and organizations that are interested in becoming ATTN nodes learn about ATTN’s community election mechanism faster. By motivating community members to participate in ATTN’s node elections and community building, ATTN hopes that community members will become contributors, defenders, and stakeholders of the ATTN ecosystem and truly lead the future of ATTN.
1 minute FAQ to understand
ATTN node campaign and voting rules
To become a node partner:
Submit a node candidate application form. If you meet the basic requirements of the campaign, you can participate in the election.
How to participate in node partner elections:
Submit a node candidate application form, and if you meet the basic requirements of the campaign, you can participate in the election.
Get 50,000 ATTN votes across the network to become a formal node and receive rewards.
What are the benefits of becoming a node partner?
Reward: All node partners share a total of 5,000,000 ATTN in rewards per year. The more votes you get, the higher the reward
Estimated income: During the activity period, it is assumed that the total number of votes received is 5 million ATTN, a formal node with 50,000 ATTNs is assumed to have 50,000 ATTN rewards, and the annualized income is 100%. And the appreciation/ increase in the price will drive the value of the currency higher.
Node partner campaign
On Oct. 15, 2020, the application for node candidates was opened.
Beginning in October 2020, node voting began and participants began to calculate their income.
Campaign Suggestion
Teams and individuals interested in participating in the ATTN node elections should start their elections on the same day and get 50,000 ATTN votes as soon as possible to ensure their selection. At the same time, they must properly handle the relationship with the voters and stabilize their votes.
The reward for the node voting for itself will be completely owned by the node.
To Node Voter
How to participate in node election voting or how do I participate in node election voting?
Transfer the ATTN held to the official website to vote.
What are the benefits of voting?
Voting dividends: Vote for the candidate node partners who support them.
Voting Time：
Voting Advice:
Buy ATTN ahead of time and get ready to vote.
Node campaign rules
In the ATTN community, the following rules exist
Community members (voters)
Definition: Users who hold ATTN are members of the community and can vote by holding more than one ATTN.
Rights and Obligations: Participate in the election of ATTN nodes by voting and receive bonus awards.
Node Candidate
Definition: Submit a node candidate application form, meet the basic requirements to get certified by the ATTN Foundation, and become a node candidate.
Rights and Obligations: Advocacy for the ATTN community and community voting.
Node Partner
Definition: A node candidate who has obtained more than 50,000 ATTN votes on the whole network becomes a node partner.
Rights and Obligations: Receive rewards from the ATTN Foundation and promote the ATTN community.
Income Example
Assume that the total number of votes for all node candidates is 100 million, and the total node reward is 100 million.
The official node A has 50,000 ATTN votes, accounting for 1% of the total number of votes. The block production incentive for the node in the first year is approximately:
50,000/5,000,000*5,000,000=50,000 ATTN
Node partner reward distribution rule
A node partner must have a minimum of 50,000 votes, all node partners share 5,000,000 ATTN node partner rewards a year, and the rewards are provided by the ATTN Foundation. The rules for issuing node partner rewards are:
40% node reward: This award is a total of 2,000,000 ATTN.
1,500,000 ATTN Voting Rewards: All successful selected node partners can participate in the distribution. The node partner will receive the corresponding ATTN reward according to the proportion of their votes.
500,000 ATTN Event Rewards: The Foundation will hold regular events to reward nodes.
60% Voter Reward: This award represents 3,000,000 ATTN of total circulation.
2,500,000 ATTN voting rewards: 40% of this portion will be allocated based on the user’s UTC 24:00 voting share;
60% will be allocated according to the user’s voting duration, and the longer the voting time, the more rewards that will be awarded.
500,000 ATTN Activity Awards: The Foundation regularly holds events to reward voters.
Rules for rewards: Polls are awarded once a day; event rewards are issued according to specific activity rules.
Node reward — voting reward
The more votes you have, the more rewards you will receive.
The specific rules are as follows:
Assume that the total number of votes for all node candidates is 5 million, and the total node reward is 5 million.
The official node A has 50,000 ATTN votes, accounting for 1% of the total number of votes. Then the block production incentive for the node in the first year is about:
50,000/5,000,000*5,000,000*0.3=15,000 ATTN
Voting Rewards
40% of the total the more rewards users get per day, the more rewards they will receive.
The specific rules are as follows:
Assume that the total number of votes for all node candidates is 5 million, and the total node reward is 5 million.
The number of votes cast by A users is 50,000 ATTN, accounting for 1% of the total number of votes of 5 million ATTN. The block production incentive for the node in the first year is approximately:
50,000/5,000,000*5,000,000*0.2=10,000 ATTN
60% part: This part will distribute the reward according to the user’s mining rights. The longer the voting user votes, the more the mineral rights will gradually increase and the more the rewards will be.
Voter’s reward (every day) = ( voter mineral rights / total net mineral rights) × 1,500,000 / 365.
Vote for mineral rights (1 vote for 1 mining rights). The longer the mineral rights are held, the more the mineral rights will increase.
Mining rights increase rules:
With a tenement/time-frame of 1 to 30 days, the mining rights increase by 2% per day. (ie, 10,000 mineral rights held on T-day, 10,200 mineral rights after T+1 day growth, 10,400 mineral rights after T+2 increase, and so on)
Holding mineral rights for 31–60 days, the mining rights increase by 1% per day.
For every 30 days after 60 days, the increase in mineral rights is halved on a current basis. (ie holding 61–90 days, mining rights increased by 0.5% per day, and so on)
Voter withdrawal rules:
Voters can request a withdrawal of their votes every day (1 vote = 1 ATTN).
If the withdrawal request is submitted successfully, the mineral rights will be reduced according to the rules and the rights will be accumulated again when the vote is taken again. Tokens that are used for vote will be credited after 3 days.
During the period when the withdrawn votes are not credited, no bonus will be awarded.
A withdrawal request within 0–90 days of the vote will result in the deduction of a percentage of the processing fee, which will be added to the next day’s voting reward pool and rewarded to all voters the following day.
Handling fees rules:
- Vote 0–15 days to withdraw the vote, 40% of the profit will be deducted as a handling fee and deposited into the rewards pool.
- If a vote is withdrawn within 15–30 days, 30% of the profit will be deducted as a handling fee and credited to the reward pool.
- If a vote is withdrawn within 31–60 days, 20% of the profit will be deducted as a handling fee and credited to the reward pool.
- If a vote is withdrawn within 61–90 days, 10% of the profit will be deducted as a handling fee and credited to the reward pool.
- If a withdrawal is requested more than 90 days after the vote, no handling fee is charged.
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
ATTN will continue to provide better services and to deliver better products!
ATTN Team
