1. What privacy problem are you solving?
We are looking to acquire more validators for Incognito network to make the network more secure and to gain more awareness for Incognito in general.
2. What is the solution?
The solution is to promote the whole Node category, which includes:
- Node Virtual
- Node (device)
- Node Pool
Here is a simple comparison:
|Node Virtual||Node||Node Pool|
|Level of expertise||***||**||*|
|Initial investment||$20-40/mo||$399||Any amount of PRV|
Node Pool was launched in April and received a lot of positive feedback and reaction from the market. While it is very flexible to begin with, we do find that Node is a better option because it’s both easy and efficient. The plan for May is to do a strong push to bring more adoption to Node device and keep maintaining Node Pool and Node Virtual.
Last but not least, we are also expecting to pre-launch Node Tree this month.
3. Which solutions do people resort to because this doesn’t exist yet?
People are currently staking crypto at a super low annual rate (Tezos 5%, Cosmos 10%, Tron 4.32%, etc…), or they need to go through a complicated setup to run their own node. In general, the staking experience at Incognito, whether via Virtual Node, Node, or Node Pool, is simpler and more profitable.
This chart below simply explains why the Incognito Node is preferable to other options.
- Zcash, Monero miners: because they already care about privacy. Incognito is more user-friendly.
- Helium, Coinmine owners: because they are already interested in buying crypto hardware devices, and Incognito arguably solves a more meaningful problem.
- @Annie - a member of growth team. I’ve been with the project since the beginning supporting validators.
- @Ducky - a member of the Growth team. For the past 3 months, she has been working on increasing Incognito exposure.
- @phuong has over 10 years of experience as a senior software engineer. He’s been with the project since the beginning, leading the backend team. He built trusted bridges like BTC, ETH/ERC20, TOMO, BNB/BEP2, ZIL, and XMR. His team will add Ontology, Ripple, NEO, Cosmos, EOS, and more, soon.
- @Linh.n - an industrial designer from the Incognito product team. She is the one responsible for the Node device design and production.
- @Tan_Nguyen a member of the wallet core team. He is now the front end engineer responsible for Incognito Wallet.
5. Why do you care?
I believe that we should have control over our information. Incognito is designed to giving people the choice of claiming their right to privacy. To do that on a meaningful scale, however, Incognito needs to grow itself into a strong, secure and decentralized network. Increasing the number of validators is integral to that goal.
6. What’s your plan? What’s your schedule?
|May 31||400 Nodes (including Node sold, Node Pool and Node Virtual)|
- Improve Node buying experience both on web and app
- Find product-market fit for Node by talking to recent buyers, defining our TA
- Redo the set up flow for Node: better UX, minimize glitches
- Node Tree pre-launch
7. What’s your budget?
|Project Lead||2000 PRV||1||2000 PRV|
|Digital Marketer||1000 PRV||1||1000 PRV|
|Backend Engineer||2000 PRV||1||2000 PRV|
|Frontend Engineer||1000 PRV||1||1000 PRV|
|Industrial Designer||1000 PRV||1||1000 PRV|
|Hardware Designer||1500 PRV||1||1000 PRV|
|QC||500 PRV||1||500 PRV|
|Marketing Budget (est)||4000 PRV||1||4000 PRV|
|TOTAL (x 1 months)||13000 PRV|
8. Is there an existing conversation around this idea?
Yes, this is the continued proposal from this Apr one.
9. Is there anything else you would like the community to know?
We’re still struggling to define the right target audience for Node device. Any suggestion or help regarding this is highly appreciated!