Jul 25, 2024

Jul 25, 2024

Introducing Beyond Cosmic Cache Program - Epoch 1

Introducing Beyond Cosmic Cache Program - Epoch 1

Cosmic Tokens Flying in Warp Speed
Cosmic Tokens Flying in Warp Speed
Cosmic Tokens Flying in Warp Speed

Authors

Shamil Kayalmadathil

Stake Bull, earn $B and Nodes in the 90-day Beyond Cosmic Cache program.

We are excited to announce the launch of the Beyond Cosmic Cache program: Epoch 1, a partnership between Beyond and Bullieverse that allows Bull token holders to earn rewards by staking their tokens. The first epoch of the program will last for 90 days.


By caching (staking) your Bull tokens, you can earn Beyond Points at a constant rate. These points are then multiplied by the Beyond Multiplier, which increases by 0.05x each week, to determine your share of the Beyond Token ($B) airdrop. Participants can also earn Beyond Guardian Nodes as rewards based on their leaderboard rank.

Why Stake for Beyond Tokens?

Beyond Tokens ($B) power the Beyond Network, an ecosystem that aims to democratize access to AI through decentralization.


$B has two key functions:

  1. Governance: $B holders can help shape the future direction of Beyond by participating in governance decisions.

  2. Value Accrual: As usage and demand for the Beyond Network grows, $B accrues value from network activity and fees.


By staking Bull to earn a share of $B, you gain exposure to the upside potential of the Beyond ecosystem while supporting the growth of permissionless, decentralized AI.

Earn Beyond Guardian Nodes

In addition to $B, top participants can earn Beyond Guardian Nodes. These nodes perform trustless verification of AI inference on the network. Node operators earn $B rewards for contributing to the network's security and decentralization.


As a node owner, you have two options:

  1. Run the node yourself to directly contribute to the network

  2. Delegate your node to a service provider and share rewards

The number of nodes licenses earned in this epoch is based on your rank on the Cosmic Cache leaderboard.


How the Beyond Cosmic Cache Works

Beyond Points

You earn Beyond Points for each Bull token cached, at a rate of 0.01 points per token per day. Your share of the $B airdrop is proportional to your share of the total Beyond Points earned by all participants.

Beyond Multiplier

The Beyond Multiplier boosts your point earnings. It starts at 1x and increases by 0.05x each week. The earlier you start staking and the longer you stake, the higher your multiplier will be, increasing your share of Beyond Points and $B.

DeCaching

When you are ready to access your staked Bull tokens, you initiate the DeCaching process. You can DeCache any portion of your tokens. After a 1 week waiting period, the DeCached tokens become available for withdrawal.


DeCached tokens no longer earn Beyond Points, so it's best to maximize your rewards by keeping tokens staked as long as possible. You can track DeCaching progress in your account dashboard.


How to Participate

To Cache:
  1. Login or create an account at Beyond Passport

  2. Link your web3 wallet in the Integrations menu

  3. Navigate to the Point Farm page and connect your wallet

  4. Click "Cache Bull Token", select an amount, and sign the deposit transaction

  5. View your staked amount and earnings in the dashboard

To withdraw:
  1. Click " DeCache" next to the cached amount

  2. Select the amount to DeCache, and click initiate DeCaching

  3. After 1 week, withdraw the DeCached tokens from your dashboard


Get Involved and Stay Tuned

Participating in Beyond Cosmic Cache is a great way to earn rewards while supporting the development of decentralized AI. The more Bull you stake and the longer your stake, the greater your potential $B rewards.

To stay updated on the program, rewards, and future epochs, follow us on X.com and join the discussion on Bullieverse Discord. The Beyond Cosmic Cache is just the beginning - get ready for an exciting future as we build the decentralized AI ecosystem together!

AI Powered by Decentralized Compute

Documentation

Developer Docs

White Paper

Company

Careers

Contact

© 2024 Beyond Network, Inc.

Made with love @ Beyond Labs

AI Powered by Decentralized Compute

Documentation

Developer Docs

White Paper

Company

Careers

Contact

© 2024 Beyond Network, Inc.

Made with love @ Beyond Labs