All Validating Nodes are managed by the CasinoCoin Foundation, in order to maintain security. The CasinoCoin Foundation will initially control 80% of all Validating Nodes running to ensure integrity and will validate all transactions on the network.
Community Relay Nodes (CRN) help to spread the global span of the network and to handle the load of transactions. As a community incentive everyone who owns 1,000,000 CSC can setup a CRN and will receive rewards by offering this service to the community at large.
When 1,024 ledgers are processed, a reward will be generated to create a payout for those providing valid qualifying CRN to the CasinoCoin Foundation. Payouts will occur only for balances of 1,000,000 CSC and above.
Calculation of the CasinoCoin Foundation Reward will be based on the current supply of CSC using a hard cap of 40,000,000,000 CSC with the difference to be rewarded to qualifying CRN on a pro-rata basis.
User must setup a server node running the full ledger history
User must own a domain name which is registered as the Name of the user wanting to run a Relay Node
User must register and supply Name, Address and Contact information to be eligible to run a Relay Node
Every Relay Node must run from a unique fixed IP address
User must configure a SSL secured websocket on the Relay Node to have its community users connect to it (can be free Letsencrypt certificate)
Server must be configured and comply with Domain Verification using the SSL certificate that runs the websocket
The Relay Node Fee Calculation Window is set to 1024 ledgers and may be changed in the event the transaction amount increases dramatically, or if the CasinoCoin Foundation decides in its sole discretion to discontinue the CasinoCoin Foundation Rewards program
The Server Node AccountID must contain a minimum of 1,000,000 CSC during the Fee Calculation Window to be eligible for receiving the CasinoCoin Foundation Rewards
The Server Node must have a 100% connection status during the Fee Calculation Window to be eligible for receiving CasinoCoin Foundation Rewards
The Server Node must have a response latency of < 250ms to be eligible for receiving CasinoCoin Foundation Rewards
Rules and/or CasinoCoin Foundation Eligibility Requirements may be changed, added or removed by the CasinoCoin Foundation at any time and in its sole discretion
The calculation and eligibility determination for CasinoCoin Foundation Rewards can not be disputed in any way whatsoever, and all CasinoCoin Foundation decisions are final
Not complying with CasinoCoin Foundation directions, rules, or terms and conditions, will result in a user being permanently excluded from the CasinoCoin Foundation Rewards eligibility list