Which company is the most sincere in node sales, data comparison Aethir, Sopon, CARV

Author: Riyue Xiaochu

Source: Foresight News

First, let's understand node sales. Node sales is actually a new type of token sale method. It is a mutually beneficial way. For the project itself, a decentralized network needs a large number of nodes. For the project party, node sales have also become a new financing method. And for us retail investors, current projects are all institutionally overvalued when they go online, and it's hard to find good money-making opportunities in the secondary market. Participating in node sales is investing in the project before it goes live.

In general, in terms of node token rewards, CARV is the most generous, with 25% of the total token rewards allocated to nodes, which is the highest among the three, and 12.5% of the tokens will be released during the first year of the bull market, more than twice that of the other two projects.

In terms of sales, Sophon sold 30,000 ETH, Aethir sold 40,000 ETH. CARV is about to start, and it is not expected to be too bad. Everyone can use this as a reference.

I. Project Introduction

Aethir is a decentralized computing power platform. Aethir aims to build a scalable, decentralized cloud infrastructure (DCI) to help gaming and artificial intelligence companies, regardless of size, deliver products directly to consumers, no matter where they are or what hardware they have. Aethir solves the problem of market fragmentation in a decentralized cloud manner.

Sophon is an entertainment-centered ecosystem, built as a modular aggregation using zkSync's superchain technology. As a zkSync superchain utilizing ZK Stack, Sophon is designed to customize high-throughput applications (such as artificial intelligence and gaming applications).

CARV aims to build the largest modular data layer, providing data services for GameFi and AI. By ensuring that privacy, ownership, and control are firmly in the hands of individuals, it fundamentally changes the way data is used and shared, creating a future where data creates value for everyone. CARV already has 2.5 million registered users, 1.2 million monthly active users, and over 750 gaming and artificial intelligence companies integrated into the CARV ecosystem.

II. Total Node Token Supply

CARV has a total token supply of 1 billion, with 25% allocated for node rewards.
Aethir has a total token supply of 42 billion, with 15% allocated for node rewards.
Sopon's total token supply has not been announced, with 20% allocated for node rewards.
Xai has a total token supply of 2.5 billion, with 42.09% allocated for DAC and nodes.

So Xai's 42.09% is for nodes and DAC, but the overall node reward is also quite substantial. Among the recent node sales projects, CARV has the highest total token reward for nodes.

III. First Year Node Token Release

The release of node tokens is crucial in the first year. Because the coming year is likely to be a bull market, the price will be relatively good. After that, it may enter a bear market, and the continuous accumulation of token releases, combined with institutions and teams starting to unlock, means that a 10x drop in price is quite normal. So for node releases, the key is to see how many tokens can be mined within the first year.

Xai's 42.09% is composed of two parts. The specific amount of node release is calculated based on the official node release chart. Xai initially releases 1.712 million tokens per day, and when the circulation reaches 1.25 billion (expected to be 5-6 months after TGE), it releases 856,000 tokens per day. Based on calculations, Xai's first-year release is approximately 440 million tokens, of which 85% is for node rewards, or 374 million tokens, accounting for approximately 14.98% of the total supply.

CARV's node reward is 25%, but its token release is relatively fast. According to the official white paper, CARV's token release in the first year is 50%, which is 12.5% of the total supply. It is basically the same as Xai.

Aethir's release rules are not clear, only stating a 4-year release period. The node reward accounts for only 15% of the total supply, expected to be around 5%-7% in the first year. The main reason is that Aethir has left a large portion of the reward for computing power providers for mining.

Sopon's node reward has a linear release over three years, with 27.78% released in the first year, which is 5.56% of the total token supply.

In terms of node token rewards, CARV's first-year release of 12.5% is the highest among the three projects. Aethir and Sopon allocate only 5% of the total supply to nodes, which is relatively much less.

IV. Node Token Redemption Period

After tokens are mined from nodes, they are not immediately obtained as tokens for trading on exchanges, but are obtained as esXai, vATH, veCARV. There is a certain redemption period to convert them into tokens that can be bought and sold on exchanges.

For Xai, it takes 180 days to convert esXai to Xai, with two options: if converted in 15 days, only 25% of Xai can be obtained. If converted in 90 days, 62.5% of Xai can be obtained.

Aethir's rule is that within 30 days, only 25% can be redeemed, with the default redemption period being 180 days.

For CARV, it takes 150 days to convert veCARV to CARV, with the same two options: if converted in 15 days, only 25% of CARV can be obtained. If converted in 90 days, 60% of CARV can be obtained.

Sopon's node release has not been announced.

In general, all three projects have relatively long redemption periods, and all three projects are basically similar. If there are differences, CARV has a slight advantage, with a 150-day redemption period, which is one month shorter than XAI and ATH's 180 days.

V. Other Token Unlocks in the First Year

In addition to node mining rewards, we also need to consider other token unlocks, as these will increase the inflation rate.

In token allocation, in addition to the node mining part, there are often three parts: one part is for project needs, such as for liquidity provision, operational activities, etc. This part is often released in large quantities at TGE, so it does not need much attention. The second part is ecosystem rewards, community, foundation, etc. This part often requires Dao voting for long-term project development and use. The third part is the release by institutions and teams, which requires special consideration.

In this regard, Xai seems less friendly. The team and institutions start unlocking after 6 months from TGE, releasing about 1.5% of the total tokens per month. The node reward tokens are open for redemption approximately 2 months after TGE, plus a 6-month redemption period. This means that institutions and teams will have a large amount of chips circulating in the market before the nodes.

CARV's investors start unlocking after 6 months from TGE, and the team starts unlocking after 9 months from TGE. The unlocking conditions are better than Xai, and it is worth noting that CARV's node mining token redemption period is 5 months, so the node tokens are redeemed earlier than the investor unlock.

Both Aethir and Sopon have a 12-month lock-up period for institutional and team tokens. However, in Aethir's token model, 35% of the tokens are for GPUs, released in sync with the nodes, meaning that twice the number of chips as nodes will be unlocked at the same time.

VI. Node Sales Situation

In terms of node sales, Xai has sold 35,155 nodes for 13,080 ETH, worth $40 million, with an average cost per node of 0.372 ETH. The node price has increased from a low of 0.133 ETH to 1.43 ETH, more than a 10x increase.

Aethir has sold 74,040 nodes for 41,627 ETH, worth $130 million. The average cost per node is 0.56 ETH. The node price has increased from a low of 0.1259 ETH to 1.8232 ETH, a 14x increase.

Sophon has sold 121,261 nodes for 31,087 ETH, worth $96 million. The average cost per node is 0.256 ETH.

In terms of node sales, XAI can be said to have started this round, and most of the projects for node sales are learning from XAI. However, XAI's own data is not good, because at the time of XAI's sale, the market conditions were not very hot. Additionally, since XAI was the first, many people had concerns about this form. Moreover, many people who participated in the GALA node in 2021 have not yet broken even. However, after XAI was listed on Binance, the early participants in the node sales reaped substantial profits, bringing many users to later projects for node sales.

Aethir's node sales not only benefited from the profit effect of XAI, but also occurred at the peak of speculation in the AI sector. For other projects with good quality, the possible outcome may be between XAI and Aethir.

VII. Conclusion

From the perspective of the projects, Aethir, Sopon, and CARV are not in the same race and cannot be directly compared. However, each has its advantages. Aethir belongs to the AI sector and has scarce GPU computing power, which is the hottest sector at present. Sopon's project seems more like a quick gathering during the good market conditions, but it has the backing of the original team of zksyc, with abundant visibility and resources within the industry. CARV has accumulated for many years, growing rapidly, and has a large user base and ecosystem projects.

In terms of node sales, CARV is the most generous, allocating 25% of the total token rewards to nodes, and releasing 12.5% of the total tokens during the first year of the bull market, more than twice that of the other two projects.

In terms of sales, Sophon sold 30,000 ETH, Aethir sold 40,000 ETH. CARV is about to start, and it is not expected to be too bad. This can be used as a reference.

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