Reward System

Introduction

The reward system of the Hajime network incentivizes participants by providing rewards for contributing computational power and validating network activities.

Computational Power Rewards

• Registration and Participation:

  • Setup: Computing power providers install the Hajime client and register an account. Each provider must hold an NFT License as the entry credential to the Hajime network.

  • Initialization: Once registered, the computing power nodes are initialized and begin contributing computational resources to the network.

• Data Collection and Submission:

  • Data Monitoring: The Hajime client continuously monitors each node’s GPU utilization, computational task completion time, and overall performance.

  • Data Encryption and Upload: Collected data is encrypted and securely uploaded to the central server or decentralized verification nodes.

• Reward Calculation:

  • Algorithm: The Time-Weighted Proof of Work (TW-PoW) algorithm evaluates each provider’s contribution based on efficiency and timeliness.

  • Calculation Process:

    • Data collected from each node is processed to determine the amount of computational work done.

    • The algorithm dynamically adjusts rewards based on the network’s computational supply and demand.

• Reward Distribution:

  • Smart Contracts: Rewards are distributed through smart contracts on the Solana blockchain, ensuring transparency and immutability.

  • Token Allocation: Rewards are issued in HJM tokens and credited to the provider’s account.

• Reward Withdrawal:

  • Block Allocation: GPU miner rewards are automatically distributed every 2^18 blocks.

  • Withdrawal Process: Users can view and withdraw rewards through the client interface.

Verify Node Rewards

Registration and Participation:

• Setup: Verify nodes install the Hajime client and register an account. Each node must hold an NFT network License as the entry credential to the Hajime network.

• Initialization: Verify nodes are initialized and ready to validate computational tasks.

Verification Tasks and Data Collection:

• Task Allocation: The scheduling server randomly selects verification nodes to perform validation tasks using probe scripts.

• Data Monitoring: Nodes collect data on task completion, accuracy, and overall performance.

Reward Calculation:

• Algorithm: The reward calculation for verification nodes includes a staking factor to incentivize long-term commitment.

• Calculation Process:

  • Verify nodes’ performance data is processed to determine the accuracy and reliability of their validation tasks.

  • The algorithm dynamically adjusts rewards based on the performance and staking period of the nodes.

Reward Distribution:

• Smart Contracts: Rewards are distributed through smart contracts on the Solana blockchain, ensuring transparency and immutability.

• Token Allocation: Rewards are issued in HJM tokens and credited to the verifier’s account.

Reward Withdrawal:

• Withdrawal Process: Verification miner rewards are withdrawn through a Claim process. If withdrawn within the staking period, a 75% penalty is applied; otherwise, no penalty.