Horizon Node License Keys

Node License Keys are unique, non-fungible tokens (NFTs) that authenticate verified node operators on VEMP's Horizon network. These keys are an essential component of our network security and reward system.

Importance of Node License Keys

Node License Keys serve several crucial functions:

  1. Authentication: They verify the identity and authority of node operators.
  2. Access Control: They grant the right to operate a Horizon Node.
  3. Reward Mechanism: They determine the distribution of network rewards.
  4. Governance Participation: They allow holders to participate in network governance decisions.

Benefits of Owning Node License Keys

Owning one or more Node License Keys provides several advantages:

  1. Financial Rewards:

    • Earn a share of transaction fees processed by the network.
    • Participate in incentivized operator rewards programs.

  2. Exclusive Access:

    • Gain priority access to VEMP-built applications and products.
    • Receive partner incentives such as airdrops and whitelists.

  3. Governance Role:

    • Play a vital part in enhancing the network's robustness.
    • Participate in governance-related matters and network decisions.

  4. Scalable Rewards:

    • The more Node License Keys associated with your running node, the greater your share of the overall rewards.

The total supply of Node License Keys is limited to 20,000. This scarcity adds value to each key and ensures a balanced distribution of network resources.

Node License Key Characteristics

  • Transferability: Node License Keys are transferable across wallets upon launch. However, there will be no secondary market for these keys until all license keys have been sold out.
  • Delegation: You can delegate node operations to a different wallet than the one holding your Node License Keys, allowing for enhanced security practices.
  • Minting Flexibility: During the minting process, you can specify an alternate wallet address for operation, separating your minting wallet from your operational wallet.

Remember, while owning a Node License Key grants you the right to operate a node and earn rewards, your node must be active and participating in network operations to accumulate rewards. Mere ownership of a key is not sufficient for earning rewards.

For information on how to purchase Node License Keys, please visit our License Key Sale page. To learn how to set up and operate a node, check out our Node Operation guide.

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