Introducing MultiNodes

Making Sustainable Passive Income Easy to User for the Average DeFi User

5 min readJan 31, 2022

MultiNodes

Muti-Chain Capital is focused on creating sustainable passive income for the average DeFi user, and therefore has created MultiNodes to fill this void in the market. Although there are existing node solutions that provide passive income, they have excessive fees and lack portability in regards to trading or wallet-to-wallet transfers. We believe there is a large area for innovation in the node segment.

To this end, MultiNodes is a truly portable node solution allowing transfers and trading of nodes on a secondary market. The actual underlying technology behind this innovation is actually something quite popular in the industry — NFTs (Non-Fungible Tokens) — except in this case we are inlaying more then just an image into the NFT metadata structure.

[Twitter Spaces Recording of this Medium]

MultiNodes - Tier Details

Cost for Each Node Tier

To generate a node, the user will supply both an amount of $MCC and amount of Stablecoin. The higher the amount of investment, the higher the node Tier, and the higher the return on investment.

At time of launch the $MCC values shown will be converted to a fixed amount of $MCC. This will always remain a constant fixed value of $MCC from the time of MultiNodes launch.

For example if $5000 is equivalent to a quantity of 1M $MCC at time of launch, this will always remain the required amount of $MCC to create that tier of node.

Therefore, if $MCC doubles in value, the amount of $MCC would be still 1 Million for a Tier 1 node, but the actual value of the $MCC required would be $10,000.

This is why it is very important to get in early to the MultiNodes program, as the Dollar Value of $MCC required to create a node will increase over time as the price increases.

Combined with the Hyper-Deflationary Tokenomics, and the ever-growing Blackhole, the introduction and creation of MultiNodes will create a supply shock for $MCC.

MultiNodes ROI

Our aim is to be competitive and in-line with other nodes on the market but designed with sustainability in mind. The target return for the Tier 1 Node is 1% per day.

How this is Different vs. an “Image-Based” NFT

At the very mention of NFT people instantly think of JPEG’s as this has been the use case with the most exposure to date. However, to say that a JPEG is the extent of what’s possible with an NFT would be an understatement.

From a DeFi industry perspective, NFTs of the non-image type are used in Uniswap v3 Liquidity Positions and other DeFi protocols which leverage the Metadata fields in an NFT to provide enhanced capabilities.

In comparison to traditional ERC-20 tokens, an NFT represents a token with a fixed quantity of ‘1’ but with a multitude of embedded metadata that makes it unique.

For MultiNodes, the use of the Metadata fields with in an NFT allow all of the information regarding the node’s sale price, tier and income rate to be embedded in the object while still retaining portability.

Node Transferability

This in our opinion is a game changer within this narrative. The fact that your MultiNode is an NFT construct mean it is transferable by nature. To claim your MultiNode rewards, you must have the NFT in your wallet. If the NFT is sent to another wallet, that wallet will then be able to claim any future rewards.

Secondary Market for the Nodes

The use of an NFT construct for MultiNodes allows it to be sold and traded on secondary market places, enabling a price floor for the passive income earning node. This means that you can sell the NFT on OpenSea or the Binance NFT Market Place and transfer the node along with the continued rewards from that point to a new owner.

MultiNodes Treasury

The Stablecoins provided for creating a node goes into the newly created MultiNodes Treasury.

The MultiNodes Treasury funds are then deployed into assets by our experienced investors across many narratives in a bid to gain the best return on investment.

The profits from the MultiNodes Treasury will be used to buy $MCC to top up the rewards pool. In addition, we are also considering using some of these profits to buy alternative assets to offer as claimable rewards (such as Stablecoins or Bluechips). These other claimable assets will help reduce sell pressure on $MCC.

Frequently Asked Questions

Q: Will you ever run out of $MCC for rewards for the nodes?
A: There will be measures in the future to ensure that the reward streams are sustainable. This includes the investments from the MultiNodes Treasury and other future products from Multi-Chain Capital.

Q: Why not use $UST and earn ~19% APY on Anchor Protocol for the Stablecoins in the Treasury?
A: We have considered this strategy, however we need to be mindful of the possible peg risk for $UST and its interaction with $MIM in some large leveraged positions. So far, we have stuck to stablecoins with a long track record, including $USDC and $DAI.

Q: Will an image be present in the MultiNodes NFT Object?
A: Yes, each Tier value will have an image representing the Tier of the Node, with each one being the theme of the Node Tier. Each NFT of the same Tier will have the same image.