Xyxyx Issuer Nodes (XINs)
Overview
Xyxyx Issuer Nodes (XINs) constitute a network of nodes that powers the Xyxyx Launchpad.
XINs are incorporated through XYXYX, enabling tokenholders (or “node operators”) to be the only entities allowed to execute deployments on the Xyxyx Launchpad.
How to become an XIN operator
Node Policy (NP)
Node Policy (NP) is the policy that stipulates the amount of XYXYX required to incorporate an XIN.
The implementation of XINs started with an NP that stipulates a 1:1 ratio between XINs and XYXYX, meaning that 1 XIN equals 1 XYXYX.
Policy making
NP is managed by the Xyxyx DAO via Xyxyx Improvement Proposals (XIPs).
Xyxyx DAO is free to manage the NP, meaning that the DAO can increase or decrease the amount of XYXYX required to incorporate an XIN. As XYXYX has 18 decimals, Xyxyx DAO can stipulate from 1 XYXYX to 0.000000000000000001 XYXYX to incorporate an XIN.
Example:
If NP is 1 XYXYX per XIN = a cap of 121 XIN operators;
If NP is 0.1 XYXYX per XIN = a cap of 1,210 XIN operators;
If NP is 0.01 XYXYX per XIN = a cap of 12,100 XIN operators;
If NP is 0.001 XYXYX per XIN = a cap of 121,000 XIN operators;
If NP is 0.0001 XYXYX per XIN = a cap of 1,210,000 XIN operators;
If NP is 0.00001 XYXYX per XIN = a cap of 12,100,000 XIN operators,
And so on.
Node Network
Network Size
XINs' network size can be measured based on the number of node operators participating in the network, which is measured based on the number of addresses owning the minimum amount of XYXYX that is required to incorporate an XIN.
For example, if 30 addresses currently own at least 1 XYXYX and the current NP stipulates 1 XYXYX per XIN, it results in a network size of 30 node operators. Please note that when measuring XINs' network size, the XYXYX/ETH LP address, the token locker address, and the Ethereum Burn address must be excluded.
Network Number of Nodes
The network number of nodes is measured by the number of XIN operators and how many nodes these XIN operators own together; since anyone can permissionlessly own an XIN cluster (i.e., multiple nodes).
For example, if there are 30 XIN operators that, together, own 65 nodes, the network has 65 nodes incorporated. Please note that when measuring XINs' network number of nodes, the XYXYX/ETH LP address, the token locker address, and the Ethereum Burn address must be excluded.
Operator Network Power
XIN operators can calculate their % power over the network by employing the equation below:
𝑥 denotes Operator Network Power, 𝑦 denotes Operator Number of Nodes, and 𝑧 denotes Network Number of Nodes.
Operator Network Participation
XIN operators can calculate their % participation over the network by employing the equation below:
𝑥 denotes Operator Network Participation, the
1value denotes Operator, and 𝑧 denotes Network Size.
Network Formation
XINs' network formation is based on the XYXYX distribution, which is permissionless and decentralized. The network formation reflects the XYXYX market activity, rearranging paired to the token distribution.
Operator Network Status
The connection status of XIN operators in the network is displayed in the Xyxyx Launchpad interface through two icons:
Connected
Not connected
Last updated
