Aethir, a leader in decentralized cloud computing, is excited to announce the launch of its Checker Node Buyback Program, set to begin on May 22, 2025. This initiative is designed to empower Checker Node NFT holders with greater flexibility while strengthening the Aethir ecosystem. Below, we dive into the details of this innovative program, its benefits, and what it means for our community.
What is the Checker Node NFT Buyback Program?
The Aethir Checker Node NFT Buyback Program allows holders of Checker Node NFTs to sell their NFTs back to Aethir Foundation at a fixed price. This program is a strategic move to reward early supporters who may no longer wish to participate in the node ecosystem while ensuring the long-term health and stability of the network.
Aethir is committed to fostering a balanced and sustainable ecosystem by allowing early supporters to sell their Checker Nodes back to Aethir Foundation, while continuing to support the project. The program also helps manage the supply of Checker Nodes, ensuring the network remains robust and efficient.
Key Features of the Buyback Program
Who Can Participate?
The program is open to all Checker Node holders. This inclusive approach ensures that every participant has the opportunity to take advantage of the buyback option.
How Does the Buyback Work?
- Fixed Price Buyback: Holders can sell their Checker Node NFTs back to Aethir at a pre-determined price, providing transparency and predictability.
- Payment in EigenATH (eATH): Payments will be made in eATH (EigenATH tokens), a receipt token representing ATH deposited into Aethir’s EigenLayer AVS. EigenATH (eATH) accrues additional rewards in both ATH and EIGEN tokens and can be redeemed after a one-year lockup period.
- Transaction Fee: A 10% transaction fee will be applied to each sale to cover operational costs.
- Gas Efficiency: Aethir has implemented batch transactions to minimize gas fees, with users responsible for covering the gas costs of their transactions. The system also supports batch offers (e.g., for up to 10,000 NFTs at once), making the process cost-effective.
What Happens to Delegations and Rewards?
When an NFT is sold back to Aethir:
- Delegation Relationships: Any existing delegation relationships are automatically removed.
- Past Rewards: Holders can still claim any unclaimed rewards via the Checker Node app.
- Future Rewards: No further rewards will accrue after the sale is completed.
Flexible and Secure Operations
Aethir has taken significant steps to ensure the buyback program is secure, efficient, and adaptable:
- Funding: The program is backed by an initial balance of 200 million ATH, with the option for continuous top-ups if demand exceeds expectations.
- Smart Contract Audits: The buyback smart contracts have been thoroughly audited and approved, with built-in safeguards to minimize risks from bugs or misconfigurations.
- Campaign Flexibility: Aethir can run multiple buyback campaigns independently, pause campaigns to adjust pricing, or launch new campaigns if issues arise (e.g., incorrect wallet addresses for NFT receipt or funding).
Why Launch a Buyback Program?
The Checker Node Buyback Program serves two primary goals:
- Rewarding Early Supporters: Aethir recognizes the invaluable contributions of its early node holders. This program allows Aethir Foundation to bear the cost of running future nodes and ensure future node stability.
- Strengthening the Ecosystem: By managing the supply of Checker Node NFTs, Aethir ensures the network remains optimized for performance and scalability, benefiting all participants.
Timeline and Next Steps
The groundwork for the buyback program is already complete:
- Audits: Successfully completed.
- Preparation and Marketing: A two-week preparation period is underway, with marketing efforts ramping up to spread the word.
- Launch Date: The program is on track to launch on May 22, 2025, pending final confirmation.
- Official Checker Node Buyback Link: https://checkerbb.aethir.com/
While the exact duration of the program will depend on the available buyback pool funds and the program timeline, Aethir is committed to keeping the community informed every step of the way.
Frequently Asked Questions
Q: What is the Aethir Checker Node NFT Buyback Program?
A: It’s a program that allows Checker Node holders to sell their NFTs back to Aethir for a fixed price, paid in EigenATH (eATH).
Q: Who is eligible to participate?
A: All Checker Node holders are eligible.
Q: What happens to my delegation when I sell my NFT?
A: Delegation relationships are automatically removed upon sale.
Q: Can I still claim rewards after selling?
A: Yes, unclaimed rewards earned before the sale can still be claimed via the Checker Node app.
Q: Is there a specific time window for the program?
A: The program’s duration will depend on the available buyback pool funds and the official timeline, with details to be confirmed closer to the launch.
More FAQs here.
Join the Future of Decentralized Computing
The Aethir Checker Node Buyback Program is a testament to Aethir’s dedication to its community and its vision for a decentralized future. By offering flexibility to node holders and reinforcing the ecosystem’s foundation, Aethir is paving the way for continued growth and innovation.
Stay tuned for updates as we approach the May 22, 2025 launch. For more information, visit our official website or join the conversation on our community channels.
Together, let’s build the future of decentralized cloud computing.
