MYRIANODE updates - Very good things - and divs!

We have very good news for the MYRIANODE token holders, this project is still alive and Myria continues to be one of the most active and continuously updating L2 projects in the ETH universe.

We have been continuously working our nodes and receiving $MYRIA token rewards for that fact. Sure the $MYRIA price has dropped a bit, but it has actually held pretty steady over the recent consolidation period and now that we may be looking for a new bull market we will see what is in the cards. Everything is risk, but this might be a pretty good one!

Manangement fee

We of course need to take out enough to make sure we pay our servers, and a small amount of dev time paid to @thecrazygm. Its not really much work, and at the current prices its looking like management fee is somewhere around 20%. This might change over time due to token price, but as it stands for the last two months there has been zero time spent on updates and upgrades, so things are looking good on this front for it to possibly shrink further.

More node?

There was some talk about possibly purchasing a fifth node with our rewards, but as we are only just 20% of the way there, I think we do not want to wait a year to see results from this and we have decided to not choose that option.

Wallet consolidation

Through this process we paid 2 ETH fees per account (one to transfer the Myria to 'L1', and one to transfer the Myria to OKX), of which we had two owning to the fact that during the whitelist period you could only have 2 per account and we have 4 nodes. But a recent update is going to possibly make this easier for us, and so we are currently in the process of consolidating to just one account, which should seriously save us on gas fees in the future.

And after much questioning and answering, it appears that this will not be possible at the current time. We await the future update that will make this possible, and so likely will have to continue to be slow on the divs due to the ETH gas fees.

After everything taken into consideration, including ETH fees and Management fees, plus hive-engine deposit fee, we have 4.97670573 LTC to distribute! We use LTC because it is one of the most available and cheapest fee tokens when operating on centralized exchanges, usually with withdrawal fees of just 0.001 LTC (~9 cents).

The hive-engine withdraw fee of 0.75% is not ideal, but at the moment there is no exchange with both $MYRIA and $HIVE, and so this is still the cheapest way to get our divs onto the chain.

So after a chunky conversion to SWAP.HIVE, we are starting the distribution of 1279 HIVE to our MYRIANODE token holders!

0.037 swap.hive per token!

Here is the payout table:

And after all this, we still currently have ~$300 dollars worth of un-withdrawn $MYRIA token between our accounts, some of which seem to be from an 'early node holder reward' scheme:

We will wait for a bit more accumulation before moving stuff and paying the fees again, but this project is LIVE and HOT - so consider holding onto your MYRIANODE tokens to keep receiving divs. In the future we are also expecting special NFTs as additional rewards for running our nodes, as well as governance participation - time will tell!

Cheers! And happy Hodling