Community Node: Node and Supernode

About Nodes

In order to allow more users to participate in the construction and development of CoinSwap.com, CoinSwap.com integrates community nodes with referral rewards. Users who create nodes can participate in the construction and development of the platform, market expansion and community governance, and also enjoy the commission rebate of community users and mining rewards.
Create a node to enjoy benefits and build a community DEX.
In CoinSwap.com, everyone can create supernodes and nodes.
In creating a supernode, you need to burn a part of the COINS. Creating a node is free.
Users who create supernodes can enjoy fee rebates from directly invited users and fission users and liquidity mining rewards, while users who create nodes can only enjoy fee rebates from directly invited users and liquidity mining rewards.
Supernodes and nodes are ERC-721 tokens. Each has its own unique ID and each address can create multiple supernodes and nodes at the same time. The nodes do not affect each other directly and calculate on their own. Nodes need to be bound under a supernode. An address can only be bound to one node and cannot be modified.

Supernode VS Node

Difference
Super node
Node
Rebate Level
2
1
Cost
Need to burn COINS
Free
Transaction rebate ratio
40%
25%
Liquidity mining rebate ratio
10%
5%
Customize personalized DEX
Supported
Not supported

Supernode Dutch Auction

CoinSwap.com's supernodes are generated in the way of Dutch auctions. A supernode is generated every 6 hours and snapped up in the way of Dutch auctions. It is freely priced by the market. All the COINS auctioned will be directly burned.
To create a supernode in CoinSwap.com, you need to burn COINS. The number of COINS needed to be burned is decided in the way of a price reduction auction. If no one creates a supernode, the number will gradually decrease until someone creates a supernode and starts a new round of auction. While if no one has created a supernode, the number will keep decreasing until it gets to the least.