This FAQ addresses initial questions related to the crowdload rewards. Once calculations are finalized, Nodle will communicate accordingly so crowdload contributors know what to expect. To join the conversation, connect with us in our communities and sign up for our newsletter.
➡️ Nodle won the parachain. Now what?
We now have to migrate our solo chain to the parachain and issue rewards there. We estimate this process will take up to two months. Once this is done, we will be able to introduce new features to the chain such as third-party collator nodes, decentralized governance, and bridging to other parachains.
➡️ When will I receive my rewards?
Rewards will be allocated once the migration is complete. Please refer to question 1 for more details.
➡️ Will the NODL and NFT be dropped at the same time?
Yes, their creation is scheduled to take place concurrently.
➡️ Where will the NFT be minted?
We will use RMRK, a Kusama based application to issue the NFTs.
➡️ Why Kusama and not Polkadot?
We wanted to use a platform from the Dotsama ecosystem and thus had to settle for Kusama-hosted RMRK, which does not support Polkadot.
➡️ Where can I see my rewards?
Once they’ve been allocated, your rewards will appear in your wallet.
➡️ What if I contributed through Parallel, Bifrost, or Kraken?
Parallel and Bifrost contributors will receive rewards directly from us just like any other contributors. Kraken, Binance, and Equilibrium users will need to reach out to the platform directly.
➡️ In which wallet will I receive my NODL and NFT?
You will receive them in the same wallet you used to contribute to the Nodle crowdloan. We suggest you use an application such as Talisman to view them.
➡️ What about the token vesting schedule? Where will I be able to view?
You will be able to view it on-chain. An upcoming initial release of our web wallet will also make it easier to interpret.
➡️ How long will be DOTs be locked?
96 weeks.
➡️ What happens after the locking period?
Contributors will be able to claim DOTs once they’ve been released back to them.
About Nodle
Nodle is a decentralized wireless network that provides secure and low-cost connectivity, as well as data liquidity, to connect billions of devices worldwide. The Nodle network is powered by millions of Bluetooth-enabled smartphones that earn Nodle Cash (NODL). Nodle’s powerful stack allows multiple uses including connecting and securing physical assets, tracking lost or valuable items, capturing sensor data, and authenticating security certificates. Nodle provides insights for consumer electronics manufacturers, enterprises, smart cities, the finance industry and more. Since its creation in 2017, Nodle has become one of the world’s largest wireless networks by number of base stations. Join #TheCitizenNetwork by downloading the Nodle Cash app for iOS or Android.
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Crowdloan Rewards FAQ was originally published in Nodle on Medium, where people are continuing the conversation by highlighting and responding to this story.
