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It is a mobile device node that monitors files on the network to ensure they have enough copies.
Just turn on Watcher Node and earn passively!
DeNet Storage Protocol
DeNet is a unique, self-contained DePIN storage protocol. Launched in 2017, DeNet offers an opportunity to utilize spare storage capacities all over the globe eliminating the need for centralized data centers. By leveraging blockchain technology, smart contracts and the core principles of Web3, the DeNet Storage Protocol offers a mutually beneficial solution for all network participants, restoring the data ownership for users.
Store&Earn program
The S&E program is currently being updated. Learn more
Store&Earn is a unique DePIN initiative which empowers users to earn for utilizing the DeNet Storage Protocol. In addition to the main option of file storage, DeNet Storage strongly encourages users to fully embrace the advantages of the network by participating in various tasks.
This innovative approach aims to make decentralized storage technologies more accessible and appealing to both Web2 and Web3 users, ultimately enlightening and empowering more individuals.
How to participate in the Store&Earn program
- Join the Store&Earn program by installing DeNet Storage, making a storage deposit and uploading a file.
- Your total reward depends on your Balance reward (dynamic parameter, based on your storage balance and total number of deposits) and Total boost (boost can be increased by completing different tasks).
Mechanics
A total of 250,000 DE tokens is set to be distributed through the Store&Earn program over the six months. (February – August 2024).
To keep the Store&Earn program engaging and fair, we have introduced the concept of a dynamic Balance reward. As the initial part of the Store&Earn program, average APY of all S&E participants was 250%. Yet, the APY varies for each participant, depending on the boosts they receive and the number of referrals they invite, shaping their Total reward. This ensures that everyone’s contributions are properly recognized and rewarded.
As the total number of deposits grows, it impacts the Balance reward for each participant, causing the average APY to gradually decrease after hitting the 150,000 deposits milestone. When deposits surpass 200,000 DE tokens, the average APY will be 208%. Subsequently, at 300,000 DE tokens, it will be 139%, and at 400,000 DE tokens, it will be 104%.
Here are the tasks to increase Total boost:
- +1: Each participant automatically receives basic boost for joining the program;
- +1: Share your experience with Store&Earn on your social media channel and receive a weekly boost;
- +2: Enter a referral code to increase boost for one week;
- +2: Unlock this boost by securing 100 GB of data in DeNet Storage;
- +4: Become a DeNet Datakeeper to get the highest boost within the program. We have significantly raised this boost as we recognize the crucial role Datakeepers play in the network’s success.
Additionally, you can invite friends and receive 15% from your referral’s reward, and get +10% (total of 25%) if you’re a Datakeeper.
Store&Earn program is also available in a web version to enhance the accessibility.
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