How to Host Storage to earn FREAKC
Ensure you have sufficient FREAKC tokens and Sepolia ETH tokens on the zkSync Sepolia Testnet to use the node. If not, claim some at #Receive testnet coins for testing.
👉 Choose your storage location and enter value(price, amount,...)
Then it will look likes this:
👉 Press "enable matching" button and just stay online
Freak Cloud will automatically match users that meet your criteria (price, amount, etc.).
Your job is to just stay online, and Freak Cloud will do the rest for you (matching users, downloading data, hosting data, etc.).
The storage agreement (storage contract) found, along with its status, will appear in the Contract History.
☁️ Freak Incentive Model, Min reward, Max reward
Freak Incentive Model
In storage agreement, when users request data, fastest storage providers delivering data receive 1 Freak Point (Just be online; your node/client will handle it automatically).
In each storage agreement(storage contract):
- 75% value of storage agreement/storage contract distributed to all storage providers
- 25% value distributed to top 1/3 storage provider have the highest Freak Points (this is Active Rank Bonus Reward)
Freak Incentive model fosters competition among storage providers, ensuring best service for users.
Min reward
All providers in storage agreement receive this reward.
Max reward
Max reward = Min reward + Active rank bonus reward In storage agreement, fastest providers sending data upon user download requests receive 1 Freak Point.
(Just be online; your node/client will handle it automatically)
In each storage agreement, only the top 1/3 active providers (with the highest Freak Points) receive the Active Rank Bonus Reward.
Conclusion: The more you are online, the higher your chance of receiving the Active Rank Bonus Reward.
☁️ Submit storage proof to claim collateral and reward
During the 15 days after your storage contract ends, you can click the "Submit Proof and Claim Reward" button to claim rewards and collateral. Just hit the button, your Freak Cloud node will automatically submit storage proof and claim reward for you.
During the 15 days after your storage contract ends, if you cannot submit correct storage proof (indicating you have cheated, not stored user data, modified user data, etc.), you will lose all rewards & collateral for that storage contract!
☁️ Cancel contract
You can cancel the contract without losing $FREAKC until the "delete" button disappears.
Simply click to the delete button to cancel/delete the file and contract