EgonCoin Validator Benefits
Potential Elevator Benefits
EgonCoin Validators (Elevators) are those investors who support the EgonCoin Blockchain by setting up and hosting nodes on the VPS cloud server.
Blockchain Validators (Elevators) or Supernodes or Signers secure the Blockchain network by hosting an instance of the chain on the clouds. Thus, making transactions possible. Hosting nodes is the first and basic functionality of a Validator aside from other abilities like voting power to include additional functionality or upgrade blockchain capability with a soft or hard fork. Validators can also sponsor a vote to increase the cost of running smart contracts and even increase transactions fees in the future, etc
A direct benefit of being a validator is earning a long-time passive income which becomes massive over time. Validators primarily make transactions possible within a Blockchain Network and earn a portion of the transaction fees from all transactions happening on the coin. For instance, there are about 10 million transactions each day on BSC. How many daily transactions do you think on EgonCoin after a year or two of release?
Income projections
After a year to two years of releasing EgonCoin, the total transactions each day might be up to 10 million transactions like other similar Blochain which benefits Elevators as they accumulate EgonCoin from all transactions from millions of EgonCoin holders worldwide.
Transactions Estimation
As a new blockchain with far cheaper and faster transactions, the total number of daily transactions after a year or two is estimated to reach minimum 5 million transactions each day.
Projected Minimum
If after a year, total daily transactions is minimum 5 million, that will give about 1.8 Billion transactions each year and growing as EgonCoin becomes more progressive, and the community grows for holders and developers using the smart contract functionality. 1.8 Billion divided by 51 Validators is 35.2 millions transactions. So this means each Validators will be eligible for 35.2 million transactions multipled by actual cost of transactions :- 35.2m x 0.0001 = 3,520 EgonCoin. EgonCoin price after a year during bull? $50 or $100 or $500
From the above scenarios, it means each validator will be able to earn EgonCoin from transactions totaling about a minimum of $200k to $2m depending on market price.
Comparative Transactions
From indicators gathered within the blockchain space, the cheaper the transaction fee the more robust the blockchain coin which means more usage.
Binance Smart Chain
10 million daily.
Ethereum Blockchain
1.2 Million daily
Polygon Blockchain
3 Million daily
Solana Blockchain
60 Million daily
EgonCoin Blockchain
???????? Million daily
As we can see validators are positioned to earn a long time passive income from supporting blockchain as a supernode.
Note
The above scenarios are for projected educative purposes only and do not constitute a financial statement.
