The New Decentralized Cloud Services Network
One token. Multiple ways to be rewarded.
The RevoFi Network is a new decentralized cloud services network that is powered by the Revos Blockchain and is owned by every person who owns a resource on the network.
The Revos Blockchain is a new blockchain to incentivize the building of decentralized infrastructure and rewarding for the utilization of the infrastructure’s commodities and utility.
The New Decentralized Cloud Services Network
One token. Multiple ways to be rewarded.
The RevoFi Network is a new decentralized cloud services network that is powered by the Revos Blockchain and is owned by every person who owns a resource on the network.
The Revos Blockchain is a new blockchain to incentivize the building of decentralized infrastructure and rewarding for the utilization of the infrastructure’s commodities and utility.
The New Decentralized Cloud Services Network
One token. Multiple ways to be rewarded.
The RevoFi Network is a new decentralized cloud services network that is powered by the Revos Blockchain and is owned by every person who owns a resource on the network.
The Revos Blockchain is a new blockchain to incentivize the building of decentralized infrastructure and rewarding for the utilization of the infrastructure’s commodities and utility.
The Revos Blockchain
The Revos Blockchain is based on two newly created algorithms called Proof of Network and Proof of Ping.
These algorithms are an evolution of Proof of Work (PoW) that provide efficiency and throughput that can scale globally to millions of nodes. These two new algorithms reward miners in Revos ($RVS) which is the native token of the Revos Blockchain. The Revos Blockchain is used to power the decentralized cloud services network called the RevoFi Network. RevoFi consists of Wi-Fi 6 Mesh, storage, compute, and cloud services. RevoFi is a new infrastructure that has multiple commodities that provides various utility.
$RVS is mined from genesis. Meaning NO $RVS are pre-mined. Only Revos enabled devices will be capable of mining $RVS.
Revos Token Usage
Revos provides multiple uses within the decentralized cloud services network.
Revos Rewards for Mining
Revos $RVS calculations to estimate earnings will be unique to each device and deployment environment. Thus, there is no singular and exact formula for the infinite possibilities of how miners (device owners) will earn. By understanding how the Revos Blockchain functions and why it rewards will help guide the explanation of calculating potential earnings.
Revos Reward Types
The Revos Blockchain rewards RevoFi devices for providing Wi-Fi 6 mesh connectivity, storage, compute, decentralized cloud services, and by validating the RevoFi Network. Devices and their owners (Miners) are rewarded in Revos, $RVS. Proof of Network (PoN) is used for three aspects of the rewards to validate utilization of network resources. Proof of Ping (PoP) is used for two reward types to validate performance metrics such as latency, connectivity, and errors.
Devices perform various types of work and are awarded according to the following distribution:
| Reward Type | Description |
|---|---|
| PoN Wi-Fi 6 Mesh |
Wi-Fi 6 mesh network utilization is the amount of data transfer from connecting users and devices of the Wi-Fi 6 mesh network. |
| PoN Compute |
Compute utilization refers to the CPU, RAM, GPU, DPU, and other compute used for servicing application developer web services. |
| PoN Storage |
Storage utilization is how much disk the application developer uses for their decentralized application deployments and total available. |
| PoP Challenger | Awarded to any device that creates a valid PoP challenge. The entire network knows of the challenge, and the award to the challenging node is given regardless of if the challengee responds, in so long as the swarm validates the challenge. |
| PoP Challengees | Challenged nodes must pass this challenge if they are to participate in the network by the participating swarm. They may or may not receive RVS for passing, but they must pass to show they are providing functionality into a healthy network. |
| Revos Tokens Sales & Corporate Treasury | Awarded to corporate treasury and investors who contributed to financing the network and who hold Revos Security Tokens. *Investor rewards are reduced by 1% every year for a 20-year period to 0%. |
The Revos Distribution Schedule
Revos distribution changes over time based on the incentives and utilization of the RevoFi decentralized cloud services network. The first 20-year period will see an increase in all reward categories of a total of 20% distributed across the reward types. While the rewards to the investor pool will decrease over the same 20-year period to zero percent. The second 10-year period from year 20 to year 30 will have a set reward schedule as outlined below. At the 30-year mark distributions will be set and no longer change.
Revos $RVS Production Targets
The total fixed supply of Revos will be 1B – 1,000,000,000 over a 50-year fixed issuance timeframe and has a capped supply. Halving will occur every ten (10) years. Target production rate for newly minted Revos per month is 4,527,448 at 54,329,372 per annum the first ten (10) years. The Revos Blockchain provides inflation rewards for 50 years to incentivize the RevoFi decentralized cloud services network. After the initial launch of the mainnet rewards are distributed daily on a linear decreasing supply until 1,697,793 are distributed in the 50th and final year of Revos production.
Revos Burn and Mint
The Revos Blockchain has a burn and mint equilibrium, allowing the supply of $RVS to correlate to actual network resources utilization trends and lead to a static month on month $RVS supply when equilibrium is found.
After Revos mining has been completed and miners are no longer minting Revos, then a pool of burned Revos will be recycled and made available for use to the network to reward miners. The blockchain network will monitor Revos Data Credit usage based on utilization of resources and adds the amount, less than the cap amount of 3%, to the supply. This will correlate to total utilization cap that is set to 3% of the live issuance rate at that time. This percentage is variable that can be evaluated and changed in the future to match the utilization of the network. This model is subject to change and is meant to address the future state of the network when there is no longer enough Revos being minted, and minting is no longer able to reward miners.
Revos Distributions
The distribution of rewards will change over time as outlined in this table and described above. At year 30 distribution rewards will remain static.
| Reward Type | Yr. 1 to 21
Percentage |
Yr. 21 to 30
Percentage |
Yr. 30 to 50+
Percentage |
|---|---|---|---|
| PoN
Wi-Fi 6 mesh Utilization |
20% to 24% | 24% to 25% | 25% |
| PoN
Compute Utilization |
20% to 24% | 24% to 25% | 25% |
| PoN
Storage Utilization |
20% to 24% | 24% to 25% | 25% |
| PoP Challenger | 5% to 7% | 7% to 6% | 6% |
| PoP Challengees | 5% to 7% | 7% to 6% | 6% |
| Revos Token Sales | 20% to 0% | N/A | N/A |
| Corporate Treasury | 10% to 14% | 14% to 13% | 13% |
Utilization (Wi-Fi 6 Mesh, Compute, Storage)
Utilization is the act of spending Revos Data Credits to pay for moving data through the network over the Wi-Fi 6 Mesh network or to service a resource lease for compute, network, and storage for deploying web services. When distributing $RVS earned per block, the blockchain system will evaluate the following:
- What is the distribution of Revos Data Credits spent per node per resource type?
- Are the spent Revos Data Credits valid?
- Does the account have enough Revos Data Credits to spend?
- Did both the miner and client sign off on the Revos Data Credits spend?
- Do all transactions reconcile the Revos Data Credits balance per user to node spend?
The valid data credits spent per node, for all transactions, are calculated and the distribution of $RVS for that block are then dispersed according to the distribution table above for that time-period.
EXAMPLE ONLY:
If 10,000 $RVS is awarded for a block and the chain variable is set to 20% for Wi-Fi 6 mesh utilization, this would equal 2,000 $RVS of the total reward. The blockchain system then calculates the distribution of Revos Data Credits spent across the participating nodes. In this example the Revos Data Credits spent specifically for Wi-Fi 6 mesh.
If the entire network consisted of 10 nodes, such as in the set below {00, 01, 02, 03, 04, 05, 06, 07, 08, 09}, and the total number of Revos Data Credits spent on Wi-Fi 6 mesh equals 100,000 Revos Data Credits with the following distribution:
| Node Number | Revos Data Credits – Spent Wi-Fi 6 Mesh | Revos $RVS Reward Dist. – Wi-Fi 6 Mesh |
|---|---|---|
| 00 | 500 | 10 |
| 01 | 1000 | 20 |
| 02 | 25000 | 500 |
| 03 | 200 | 4 |
| 04 | 7000 | 140 |
| 05 | 3000 | 60 |
| 06 | 20000 | 400 |
| 07 | 10000 | 200 |
| 08 | 3300 | 66 |
| 09 | 30000 | 600 |
| Total | 100000 | 2000 |
The distribution of $RVS correlates directly to the work performed on the RevoFi Network per device. Since network resource utilization is the primary commodity and utility of the RevoFi Network that is incentivized, the blockchain system emphasizes the importance of serving end users, web services, and application developers. Therefore, most of the rewards are dispersed based on utilization.