What is NODEOPS

I. Project Introduction

1. What Is NodeOps?

NodeOps is a Node-as-a-Service (NaaS) blockchain platform designed to simplify the process of running and managing blockchain nodes. It empowers both individuals and organizations to easily participate in blockchain networks. With NodeOps, users can deploy and operate nodes, earning rewards without needing complex technical expertise. This significantly improves the accessibility and participation in blockchain infrastructure.

2. How Does NodeOps Work?

NodeOps offers an intuitive interface for fast deployment and real-time monitoring of nodes across multiple blockchain protocols. Users can earn NodePoints by voting, referring new users, deploying nodes, and completing on-platform tasks. These points are redeemable for exclusive rewards and discounts. The platform adopts a community-driven governance model, giving stakeholders a voice in key decisions, and integrates a sustainable incentive mechanism to ensure fair resource allocation and long-term ecosystem growth.

3. Who Founded NodeOps?

NodeOps was co-founded by Naman Kabra and Pratik Balar.

Naman Kabra, Co-founder and CEO of NodeOps, has been active in Web3 since 2017, bringing deep expertise in development, business development, and growth strategy. He has held key roles at Persistence (XPRT) and Metasky, led the development of an early social payments extension for e-commerce rewards (which was later acquired), and previously headed a Center of Excellence at Robert Bosch.

Pratik Balar, Co-founder, brings over three years of DevSecOps experience, with past contributions to Shardeum and AssetMantle. He has worked on the core codebases of major blockchain projects, including Cosmos, Osmosis, Axelar, go-relayer, Hermes relayer, and Juno.

In May 2024, NodeOps closed a $5 million seed funding round at a $55 million valuation. The round was led by L1D, with participation from notable investors such as Bitscale Capital and Blockchain Founders Fund.

4. NodeOps Tokenomics

The NodeOps token has an initial supply of 678,833,730, with a maximum supply capped at 1 billion. To stimulate early growth, NodeOps starts with an initial burn/mint ratio of 0.20. Here's a breakdown of the token distribution and vesting schedule:

IDO (2.0%): 100% unlocked at Token Generation Event (TGE).

Airdrop (15.5%): 80% unlocked at TGE, 10% unlocked at 6 months, and the remaining 10% unlocked at 9 months.

Community & Ecosystem Growth (30.0%): Subject to a 6-month lock-up period, followed by 60 months of linear unlocking (initially 90% locked).

Early Supporters (22.5%): Subject to a 12-month lock-up period, followed by 36 months of linear unlocking (initially 100% locked).

Node Operation Incentives (15.0%): 15% unlocked at TGE, followed by a 6-month lock-up period, then 48 months of linear unlocking.

Initial Contributors (15.0%): Subject to a 12-month lock-up period, followed by 60 months of linear unlocking (initially 100% locked).

5. Timeline of Key Milestones

January 2024: NodeOps mainnet officially launched.

May 28, 2024: NodeOps successfully closed a $5 million seed funding round, led by L1D, with participation from Blockchain Founders Fund, Finality Capital, and others.

July 19, 2024: NodeOps conducted its KIP node public sale. Ownership and trading rights for purchased nodes become available after 6 months.

II. Token Information

III. Related Links