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Additionally, to already mentioned “hodling” incentives, 3air may provide a staking pool where users may potentially be able to receive rewards through staking their tokens.

Early staking

The early staking incentives are referred to the transitional time that is needed to build the V2 version of the 3air platform, that may feature a sidechain with full staking and validator capabilities.

During this time the purpose of the staking pool is to prepare for the easy transition to full staking that will require staking tokens to operate a node. For participating in this transition period, the participants may be rewarded additional 3air tokens from the provided staking pool.

10% of the initial supply, or 100 million 3air tokens, could be placed on a separate wallet that would be governed by a smart contract. This would be the initial staking pool which may provide rewards intended for the early backers of 3air.

It is planned that early staking will start 3 months after TGE (Token Generation Event), and rewards would potentially be distributed weekly. Staking rewards would be linear for 160 weeks (~3 years) in the amount of 625.000 3air tokens weekly, divided among all staked 3air tokens.

To calculate rewards you can use these formulas:

Weekly reward = 625,000 / total tokens staked * your tokens staked

%APY = ((1 + (625,000 / total tokens staked))52 - 1) * 100

To prevent centralization of the token, staking rewards may be capped at 50M 3air tokens maximum per wallet. This means that rewards may be distributed only for up to 50M tokens per wallet. If a wallet holds more than 50M tokens, the rewards over cap limit may not be sent to this wallet but distributed to other staked tokens equally. This will incentivize wider token distribution and decentralization, making the overall ecosystem more stable and secure.

Only unlocked tokens can be staked, meaning that vested tokens cannot.

As the rewards structure is linear this should incentivize early adoption. The process of staking is gradual for many reasons, one of the biggest being that, at the start, fewer tokens may be in circulation. This means that with the gradual increase in tokens in circulation also staked tokens could increase. The linear rewards are calculated per token staked meaning that the less tokens are staked, the higher the rewards per token could be. This should incentivize early adoption and token staking because of higher rewards.

Unstaking period for tokens will be 8 weeks.

3air will provide an easy-to-use application governed by a smart contract that will enable staking. The user will connect his wallet and insert the amount of tokens he wants to stake. The tokens will be locked within a smart contract until the user decides to unstake them.

The smart contract keeps track of the amount of staked tokens from each wallet. The rewards may be rewarded to the users on a weekly basis. Users can claim the rewards to the same wallet as they staked the tokens with at any point in time without restrictions. Rewards are not compounding the staked tokens but can be restaked manually.

Once the user decides to unstake his tokens, he again interacts with the smart contract. He inputs the number of tokens he wants to unstake and the process of unstaking is initiated. After the unstaking period unstaked tokens are transferred back to the wallet address they have been staked from. No staking rewards are distributed for the tokens in the unstaking period.

3air staking system

Figure 16 3air staking system

Full staking

To support the advanced features described in Future development, 3air may build its own sidechain that will eventually power the 3air platform 2.0. The sheer data needed to successfully operate an ISP exceeds the capabilities of current layer 1 blockchains. Building a sidechain specifically designed for the telecom needs, it will provide performance and fees optimization for the special use cases of an ISP. Benefits of building a separate, specialized chain need to be weighted against the benefits and risk of using Skale and a decision needs to be taken based on the experience that will be gathered in running the V1 version of the platform.

Services that may be powered by the 3air V2 platform include but are not limited to: * Privacy enabled data (information) sharing with authorities, * Privacy enabled data (information) sharing with third parties (for instance repair teams), * IoT integration, * Data roaming, * Bandwidth sharing, * Bandwidth tokenization.

If 3air 2.0 will be based on a PoS consensus mechanism, it will require nodes to process the transactions and store data. To incentivize the node operation and staking of needed 3air tokens, the node operators and stakers may receive rewards based on fees.

The left-over funds from the early staking pool may be added add to the fees until all the tokens from the pool are distributed. After that, the system should be able to sustain itself and will only be powered by generated fees.

A separate document will be published explaining the 3air V2 platform.