Mining rewards breakdown

Onocoy's mining rewards system is designed to incentivize both the rollout and maintenance of GNSS reference stations (called miners). The reward model includes three components, each based on different performance and network factors:

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🪙 Breakdown of Miner Rewards

1. Base Reward

Every miner gets a base reward (in ONO) for participating—this is independent of actual usage and encourages early infrastructure deployment.

🔹 Components of Base Reward:

• Daily ONO Base Reward:

  • Initially set to allow ~$1000/year for a fully-functioning miner

  • Determined by the rewards commission

• Early Mover Boost:

  • Multiplier (initially 5×) applied to early adopters

  • Declines over time

• Quality Scale: Based on:

  • Supported GNSS constellations (e.g., GPS, Galileo, BeiDou, etc.)

  • Frequency bands supported (e.g., L1, L2, L5, L6)

  • Measurement metrics (e.g., cycle-slip-free epochs, GDOP, post-fit residuals)

• Availability Scale:

  • Data uptime and completeness

  • Must be ≥80% to earn any reward; scaling is quadratic up to 100%

• Location Scale:

  • Rewards optimal distribution (not clustered)

  • Penalties for redundancy within 15–50 km radius

  • Rewards sparsely covered areas to encourage useful deployments

📊 Example: A miner in an underserved area, with high uptime and multi-frequency support, gets higher base rewards than a miner in a saturated area or with low availability.

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2. Usage Reward

This is a bonus based on actual data consumption in a region.

• Shared among miners in a region based on:

  • How often their data is accessed

  • The improvement their data offers to users (e.g., signal quality)

• Encourages regional collaboration: miners benefit more if the region is actively used.

🧠 Goal: Encourage miners to not just deploy anywhere, but to find high-impact, high-use locations.

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3. Promotional Reward

Additional incentives (temporary) to:

• Encourage early adoption

• Support targeted network growth

• Drive infrastructure upgrades

These are often managed by the rewards commission and can vary over time.

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🔄 Reward Cycle Summary:

1. ONO tokens are emitted via a 4-year halving schedule (starting with more, decreasing over time).

2. Base rewards are guaranteed, scaled by quality/availability/location.

3. Usage rewards are dynamic and depend on real customer use.

4. All rewards are paid in ONO, which can be traded or converted internally to data credits.