Prior Knowledge

To fully understand the LFG Node Sale Program, it’s helpful to be familiar with:

• What is Blockchain?: Read on for an overview of blockchain technology, a decentralized ledger that records transactions across multiple computers.
• What is a Node?: Explore the different types of nodes, their roles in validating transactions, and how they contribute to the security and operation of blockchain ecosystems.

General Information

 1. What is the LFG Node Sale Program?

• The LFG Node Sale Program is an innovative approach to funding and scaling projects by leveraging the potential of nodes to create sustainable funding, build decentralized infrastructure, empower communities, and drive innovation forward.

2. What is a node?

• A node is a computing device that participates in a Blockchain network, providing essential services such as blockchain validation, streaming, storage, and more.

Technical Requirements

1. What are the node system requirements?

• To run a node, your system must meet the following minimum requirements:

CPU	2 or more CPU cores
RAM	4 GB
Storage	60 GB
Operating System	Windows, Mac, or Linux (64-bit required)
Internet	Stable internet connection

Note: These system requirements may change in the future based on project-specific utilization or technological advancements. Always refer to the latest recommendations from the respective project or platform for updated node requirements.

Purchase and Licensing

1. What currencies can I use to purchase a node?

• You can purchase a node NFT using ETH, GALA, USDT and USDC.

2. Is the Node NFT License a GalaChain NFT?

• The Node NFT license is initially sold as an ERC-1155 token for easy onboarding. This standard facilitates a smooth initial purchase process. Once the node workload is prepared, the NFT can be bridged to a GalaChain version, ensuring compatibility with the GalaChain ecosystem and enabling additional functionalities within the network. Note that in the future, all node NFT licenses and transactions will occur on GalaChain. 

3. Can the Node NFT License be transferred?

• Yes, the Node NFT license is transferable; however, please note that some projects may include a lockup period.

4. Are node purchases refundable?

• Node purchases are generally final and non-refundable. However, for certain projects, if the node sale does not reach a certain threshold, the sales will be refunded to the buyers. This mechanism is in place to protect both LFG and the buyers, ensuring that the project has sufficient support before moving forward.

Program Features and Benefits

1. What is the self-funding aspect of the Node Sale Program?

• The program allows projects to independently generate sustainable funds without needing external sources like venture capital or grants.

2. How do nodes utilize unused computing resources?

• Nodes can utilize unused computing resources to perform workloads, adding value by contributing to network operations and efficiency. This enables complex calculations and resource-intensive applications.

3.. What are Node Use Cases?

• Last Expedition: Uses nodes as distributed game servers.
• Gala Music: Utilizes Jukebox nodes to stream music globally.
• IPFS: Founders Nodes support global content access and security for projects like FileCoin.

4. How do nodes enhance secure and efficient operations?

• Nodes validate and relay transactions to create a secure, tamper-proof ledger, supporting seamless data management and transaction processing, preserving the network’s integrity.

5. What makes the infrastructure robust and decentralized?

• Nodes increase network redundancy and fault tolerance, ensuring consistent and reliable performance even if some nodes fail or go offline.

6. How does the program ensure project ownership?

• By retaining control over their decentralized infrastructure, projects increase their independence and reliability.

7. What role does community engagement play in the node network?

• Nodes facilitate community-based decision-making and offer rewards to incentivize active participation, cultivating strong brand loyalty and a positive reputation.

8. Can you give an example of node use in gaming?

• Gala Games uses nodes as distributed game servers, reducing costs and enabling community-hosted game sessions with customizable player experiences.

9. What is the role of Gala Founders Nodes in the IPFS network?

• Gala Founders Nodes contribute significantly to IPFS DHT servers worldwide, powering projects like FileCoin for improved global content access, security, and efficiency.

10. How does the Node Sale Program empower project communities?

• By enabling community-based decision-making and rewarding participation, the program fosters a strong sense of community and loyalty among participants.

11. What are the benefits of owning node licenses?

• Node license holders participate in network growth, earn rewards, and support a decentralized infrastructure, ensuring long-term stability and security.

12. How do node sales compare to traditional fundraising methods?

• Unlike ICOs, IDOs, and IEOs, which often lead to speculative trading, node sales integrate capital raising with network growth, promoting sustained engagement and decentralized participation.

13. What are some notable successes in node sales?

• Gala Games sold over 42,500 Founders Nodes, significantly decentralizing their ecosystem. Aethir sold over 66,000 Checker Node licenses, raising 42,000 ETH, while Sophon raised $60 million through node sales, demonstrating strong market confidence.

Participation and Getting Started

1. How do I participate in a node sale?

• Participation details vary by project but typically involve purchasing a license through platforms like LFG Inc. directly from the project’s website or joining the LFG Discord to get up to date with the latest developments.

2. How do I get started with the LFG Node Sale Program?

• We’re here to help you unlock your project’s potential in the decentralized Web3 ecosystem. Simply contact us directly through our website to get started.