In times where liquidity and transparency are of paramount importance, we are rolling out a product that would help miners de-tokenize, sell or finance their operations through the smart protocol. We cannot emphasize enough how thankful we are to our fellow miners and community for helping bring this to life. All the Bitcoin miners have been a strong part and a backbone of the entire ecosystem and the Hashrate Protocol will help them navigate through the operation with a lot more flexibility.
What is the Hashrate Protocol
Hashrate Protocol aims to address these common barriers that Miners crash into and provide a hassle-free mining experience to the whole ecosystem players, enabling them to run operations in more risk-mitigated scenarios with open access to the permissionless transactions of ownership and financing options.
We are excited to launch this product that will help swapping and (de)tokenizing on-the-run hardware assets with a set of smart contracts of the protocol in a fully standardized and automated manner, especially at a time when liquidity and transparency are of the utmost importance to Bitcoiners.
Its key features include:
- Standardization & Asset Pooling
- Providing Liquidity
- Tokenization
- Quoting System
- Decentralized Finance
- Transparency & Openness
Learn more about the functionalities of the Hashrate Protocol here: https://www.zionodes.com/blog/hashrate-protocol-providing-liquidity-to-bitcoin-miners
Supported Software
The first step to enable progress is accessibility, to make it available to fellow miners all around the globe, the module of Hashrate Protocol has been set up in such a manner that it would be compatible with all the major software.
Connect devices to Foreman, Hiveon, or Minerstat to enable assessment of your hardware and quotation for the tokenization, the whole process is executed through smart contracts and the tokens can be deployed and transferred in less than a couple of minutes.
Hashrate Protocol: Phase I
Hashrate Protocol will be released in 3 stages as outlined below.
- Bootstrapping
- Hashswap
- Hashlend
As it is quite evident, we are currently in the first phase of the protocol launch “The Bootstrap”
The Bootstrap is an equal opportunity for an individual and institutional operator to enter the space, this phase provides an incredible opportunity for the miners to access the liquidity pool of $10 million.
All the participants approved for phase 1 would automatically be approved for the second phase of the operations. The participants can register themselves to be a part of the Zionodes Ambassador program, which enables them to closely work with the core team and all the associated partners of the program.
All ambassadors are invited for closed beta testing and learning about further developments of the Hashrate Protocol to engage on the next projects supported by Zionodes.
Phase I Participation
To expedite the process of having devices connected to the Hashrate Protocol and enabled for further liquidity follow the next steps:
Step I: To participate in Phase I visit our website and register as a seller account.
Step II: Create a batch of devices and submit a request with the generated batch ID. Fill out the description form to give more background on the current state and location of your devices.
Include #Hashrate Protocol in the description.
Once the details are processed our team will reach out to you and help with a smooth onboarding experience.
Phase I: Timeline
The project currently is in the closed testing phase and will be rolled out for open testing soon. The time to accept the application however is upon us. Starting from December 27, 2022, it would be eligible for registration on an FCFS schedule.
1st phase launch with liquidity will be available publicly in January. The exact dates of launch are to be declared soon, onboarding of the devices is already live and once you fill in the details our team will guide you through the complete process.
Mainnet and Tokenization
A set of smart contracts are currently under audit and will be officially launched right after the audit report is published. Mainnet launch will be followed with the 1st liquidity bootstrapped for all participants that have joined for Phase I. It will be live and operational in the public domain right from January 2023.
Hashrate Protocol: Regulation and Custody
With this milestone, we are working and moving at an incredible speed to make Hashrate Protocol a regulated product under the supervision of our local custody partner and licensed asset manager. To learn more about this regulatory development and receive first-hand documentation, subscribe to our monthly updates.
Many such exciting updates and opportunities are lined up for fellow miners and the whole miner community, stay curious and stay connected, and spread the word!
Get in Touch
We look forward to sharing this journey together. Join us on Discord and Reddit, and follow us on Twitter. If you have any further questions regarding the Hashrate Protocol or desire to learn more, simply ask our fellows in the community or drop our admins a line.
