Safe Haven Masternodes – Stabilizing the ecosystem

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On January 30th, 2019, Safe Haven announced their Safe Masternode Program and introduced the Governance Model. Token holders and community members of Safe Haven can contribute to the stability of the economy and governance of Safe Haven by staking SHA in return for advantages and privileges.

Dedicated Safe Masternode holders will be able to host local Safe Haven events, funded and supported through the Safe Haven Ambassador Program.

The governance of the Safe Haven ecosystem is led by the Safe Haven Government, consisting of the founders, eligible node holders, strategic advisors and stakeholders.

Safe Masternode Program

The Safe Masternode Program has a time-sensitive and tiered reward model. Safe Masternode holders are given discounts on subscriptions for Safe Haven platforms, are rewarded with a percentage from the Reward Pool, and are given extra rewards based on loyalty.

The Reward Pool collects a portion of the fees from each of Safe Haven’s platforms and solutions. With each platform having its own fee structure, the amount that a solution will contribute to the Reward Pool will be announced with each full product release.

Safe Nodes

Safe Nodes power the Safe Haven protocol. There are four tiers: Connect Node, Harbor Node, Consensus Node, and Legacy Node, which require the staking of 1 million, 2.5 million, 10 million, and 30 million SHA respectively.

After a tier-specific Maturity Period, a Safe Node becomes active and immediately grants the Node holder a tier-based status and discount on subscription fees using Safe Haven platforms.

After 3 months, Safe Node holders start receiving rewards from the Reward Pool monitored by the Safe Haven Government.

After 6 months, Safe Node holders are granted Ambassador status and a one-time Safe Haven sweater and sticker pack.

After 9 months, Safe Haven will provide Safe Node holders VTHO sponsoring in solutions where MPP is used, and priority access to Safe Haven events.

The Consensus Node and Legacy Node holders receive extra tiered rewards in the form of SafeKey U2FA authentication devices. The Legacy Node holders also receive a SafeKey Hardware Ledger after 9 months and will become eligible for the Safe Haven Government.

Safe Nodes requirements and tiered rewards.

Connect Node

The first of four directly linked connections into the Safe Haven ecosystem!

Requirement1,000,000 SHA
Maturity Period:30 days
Status:Silver
Immediate reward: 10% discount on subscription fees using Safe Haven platforms
Loyalty rewards(x months after maturity period ends)
3 months3% rewards (ongoing) from the SHA Reward Pool *
6 monthsOne-time Safe Haven sweater and sticker pack
Ambassador status and logo
9 monthsVTHO sponsored for Safe Haven solutions that use MPP
Priority access to Safe Haven events

Harbor Node

The core that secures stability within Safe Haven’s ecosystem!

Requirement2,500,000 SHA
Maturity Period:45 days
Status:Gold
Immediate reward: 25% discount on subscription fees using Safe Haven platforms
Loyalty rewards(x months after maturity period ends)
3 months8% rewards (ongoing) from the SHA Reward Pool *
6 monthsOne-time Safe Haven sweater and sticker pack
Ambassador status and logo
9 monthsVTHO sponsored for Safe Haven solutions that use MPP
Priority access to Safe Haven events

Consensus Node

The advanced network of information that intertwines the community with the organization!

Requirement10,000,000 SHA
Maturity Period:60 days
Status:Platinum
Immediate reward: 50% discount on subscription fees using Safe Haven platforms
Loyalty rewards(x months after maturity period ends)
3 months32% rewards (ongoing) from the SHA Reward Pool *
6 monthsOne-time Safe Haven sweater and sticker pack
Ambassador status and logo
9 monthsFree SafeKey U2FA Fido (2)

VTHO sponsored for Safe Haven solutions that use MPP
VIP access to Safe Haven events

Legacy Node

The overseeing and reflective aspect of the entire Safe Haven ecosystem!

Requirement30,000,000 SHA
Maturity Period:90 days
Status:Diamond
Immediate reward: No subscription fees using Safe Haven platforms
Loyalty rewards(x months after maturity period ends)
3 months57% rewards (ongoing) from the SHA Reward Pool *
6 monthsOne-time Safe Haven sweater and sticker pack
Ambassador status and logo
Free SafeKey U2FA Fido (2)
9 monthsVTHO sponsored for Safe Haven solutions that use MPP
Eligible for the Safe Haven Government
VIP access to Safe Haven events
One-time SafeKey Hardware Ledger

* Rewards from the reward pool are ongoing, and distributed for each month.

Reward Pool

Each Safe Haven solution will contribute a percentage of the fees from using the platform to the Safe Node reward pool. This percentage will vary between Safe Haven products and will be announced with each full product release.

The rewards from this reward pool will be distributed on a monthly basis to each Safe Node holder depending on Node tier, 3 months after Maturity Period ends. These rewards are ongoing as long as the Node holder stays above the Node tier SHA requirement.

How are the rewards calculated?

P = Total Pool amount generated by using the Safe Haven Platforms
W = Reward per Connect Node (1,000,000 SHA)
X = W * 2.66 reward per Harbor Node (2,500,000 SHA)
Y = W * 10.66 reward per Consensus Node (10,000,000 SHA)
Z = W * 19 reward per Legacy Node (30,000,000 SHA)

P = ((P * W)/CN) + ((P * X)/HN) + ((P * Y)/CS) + ((P * Z)/LN)

How is the Total Pool amount calculated? **

P = Total Pool amount generated by using the Safe Haven Platforms
A = Pool amount from using ThorBlock (X % of fees)
B = Pool amount from using ThorPay (X % of fees)
C = Pool amount from using Inheritance Platform (X % of fees)
N = Pool amount from using Nth Safe Haven solution (X % of fees)

P = A + B + C + N

** Will be updated with each full product release

Maturity Period & Start Date

Each Node tier has a Maturity Period ranging from 30 days for the lowest tier, to 90 days for the highest tier. To achieve a Safe Node status, you need to hold the required amount of SHA for the relevant Node tier for a specific Maturity Period. The Maturity Period will start counting from the Start Date, the activation date of the Safe Nodes, which is yet to be announced.

Example: Someone that starts holding 2,500,000 SHA for 45 days from the Start Date onwards, will receive Harbor Node status after these 45 days.

Anyone that has the required amount of SHA for their Node tier on the Start Date, will receive that Node tier status immediately, without a Maturity Period.

When you go under the threshold for your Node tier requirement, you will lose the Node status and reset the Maturity Period based on the amount of SHA still held. Thus, downgrading nodes is possible by going under the required Node tier threshold, but will reset the Maturity Period.

Staking wallets and reward distribution

The wallet(s) from which staking is possible and where rewards from the reward pool are distributed to will be announced at a later date.

The Safe Nodes require a soft lock up of the required amount of SHA. You can remove or add any amount of SHA, though going below the relevant threshold or reaching the threshold of a higher node tier will cancel the Node and reset the Maturity Period based on the new Node tier.

There is no limit to the amount of nodes you can own. So you could, for example, own 2 Connect Nodes and 1 Harbor Node.

Safe Haven Governance Model

The full governance model will be explained at a later date designated by the Safe Haven team.

Ambassador Program

It is well known that Safe Haven tries to empower the community to be a part of their journey. They reaffirmed this by introducing the ‘Safe Haven Ambassador Program’. This program will support community members in setting up and hosting Safe Haven events. Once approved by Safe Haven, there’s a good chance they will be funded and that necessary marketing materials will be provided to ensure the event’s success.

Government System

In addition to the (community) initiatives and events organized through the Safe Haven Ambassador Program, Safe Haven believes a well-governed community is important to the success of the project. The introduction of an actionable governance system allows the ecosystem of Safe Haven to be safeguarded and ensured of development, innovation, coordination and advancement. This government will consist of: (co)founders, Legacy Node holders, strategic advisors and other stakeholders.

The Safe Haven Government oversees and monitors the reward pool for Safe Nodes.

Safe Haven Platforms

Each Safe Haven platform, solution or product will have its own fee structure. Fees are paid for using the platform, in the form of SHA. For now it is known that products like ThorPay will ask a fee in SHA for transactions on the platform. More users means more fees paid, which leads to a bigger reward pool for Safe Node holders.

A portion of the fees will be burned and another portion of the fees will be contributed to the Safe Node reward pool.

The fee structure for each Safe Haven product will be announced with each full product release and will be updated here.

Fee Structure

As the fee structure is still unknown, and will be determined for each solution, we’ll update the article once more details are released.

Conclusion

The Safe Masternode Program is Safe Haven’s way to create stability for the ecosystem. It allows community members to contribute to the stability of the economy by staking in Masternodes, while being rewarded for it. Safe Haven generates revenue through subscription fees from users of their platforms. On the other hand, Masternode holders are rewarded for their contribution and loyalty with a percentage of the transaction fees from Safe Haven platforms. This makes for a very robust economic model

The selling point of this Safe Masternode Program is the amount of solutions and products Safe Haven is building. Each platform, solution, product, protocol or API has its own fee structure and will contribute to the Safe Nodes reward pool. As Safe Haven is a platform for companies and financial services providers, and in turn their millions of end users, these fees can rack up very quickly due to the millions of transactions coming from each solution. Safe Haven builds solutions that any exchange, project, developer or enterprise can make use of. And, as we have seen with the recent QuadrigaCX news, there is a desperate need for Safe Haven solutions.

Another unique point of this Masternode Program is that adoption of Safe Haven solutions directly correlates with the amount of rewards the Node holders receive. Consequently, this means that by promoting Safe Haven as a Node holder you can directly contribute to the amount of rewards you will receive. Another thing to note is that SHA transaction costs are significantly higher than other VIP-180 tokens due to the safeguards and security measures built into the token contract.

When you bring all these points together, and envision a near future where solutions like ThorPay and the Inheritance Platform are used by enterprises, exchanges and even governments, the potential of this Safe Masternode Program is unlimited.


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DISCLAIMER: This article is for informational purposes only and does not provide legal, financial or investment advice.