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Home News Blockchains

Unlocking Myria: How To Purchase and Run Nodes

May 13, 2023 - Updated on July 7, 2024
in Blockchains, Game Guides, Guides, News, Platforms
Reading Time: 3 mins read
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Juice Gaming News | Web3 Gaming

Juice Gaming News | Web3 Gaming

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Myria is a blockchain gaming ecosystem, focusing on digital assets and blockchain gaming. It functions as a blockchain gaming platform, integrating necessary applications, tools, and features for developers and players. The platform uses a node system, with node operators receiving NFTs and token rewards. Myria, utilizing its Ethereum layer 2 scaling solution, aims to provide a reliable, scalable, and secure environment for both developers and players in the blockchain gaming industry.

Games On Myria Blockchain

What Is A Myria Node?

Myria nodes play a vital role in running a decentralized and secure network, enabling the growth of the ecosystem. These nodes are responsible for facilitating the circulation of the Myria token ($MYRIA) and other in-game tokens in the market. It’s important to note that there is a limit of 40,000 nodes. Operators of these nodes will actively contribute to the expansion of the Myria ecosystem.

Benefits of operating a Myria node:

  • Daily $MYRIA distributions on a point system basis (1 node = 1 point)
  • Random drops of exclusive NFTs which can be used in Myria’s game ecosystem
  • Governance rights

How To Run A Node

For those interested in operating a node, there are two primary methods available: utilizing a virtual private server (VPS) service or running the Myria software directly on a personal computer.

While both methods have their merits, using a VPS service is recommended as tends to provide a more reliable experience, ensuring that the software runs smoothly and consistently.

To this end, we have established a partnership with NerdNode, a comprehensive node service, ensuring that your nodes are consistently operational. Signing up today will grant you a free first month of service.

If you prefer to run the software on your computer please refer to Myria’s Node Guide.

How To Buy A Node

Nodes are priced in $MYRIA and the price increases over time as more are sold. Pricing can be found here.

  1. Purchase $MYRIA from a cryptocurrency exchange such as OKX.
  2. Transfer your $MYRIA tokens from the exhange and into your Metamask wallet.
  3. Visit the Myria platform, create an account and wallet. Ensure you have enough ETH to cover transaction gas fees.
  4. Deposit the $MYRIA tokens in your Myria wallet.
  5. Purchase a node using your $MYRIA tokens.
  6. Navigate to the Myria node dashboard, sign up at NerdNode, and provide your API Key.

Myria L2 Wallet

Reward Distribution

Every day, 12,328,767 $MYRIA tokens are allocated among node owners for a single cycle.

To qualify for their share of this distribution, Myria node operators are required to run their nodes for at least 6 hours each day. Upon fulfilling this requirement, operators earn node distribution points – each licensed node earns one point.

The daily $MYRIA distribution for each node is contingent on the total number of nodes operating within a single cycle. If more nodes are active, each node receives a smaller share of the $MYRIA distribution. Conversely, if fewer nodes are active, each node receives a larger share. Thus, the daily $MYRIA distribution per node is inversely proportional to the total number of nodes operating within the cycle.

Example: 12,328,767 $MYRIA (Total myria 1x cycle) / 5000 (nodes running 1x cycle) = 2,465.7534 $MYRIA (per node license).

Myria Rewards
Tags: NodesPlatforms
Apex

Apex

Founder of Juice Gaming News, Apex covers everything that matters in play-to-earn gaming—from airdrops and early access to breaking news. He also co-founded The Juice Team community in 2022.

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