HOW TO HELP KNOWLEDGE NODES DEPOSIT EPK
The dynamism of EpiK Protocol has made it a pace-setter in how AI acquires knowledge from unstructured data sources and thereafter arranges them neatly for human easy comprehension. To achieve this, the EpiK Protocol has different key players in its ecology like the Domain Experts, Bounty Hunter, Knowledge Gateway and Knowledge Nodes.
While each has its assigned roles and qualifications, the Knowledge Nodes are responsible for storing and accessing the Knowledge Graph Data as organised and produced by the Domain Experts. Thus, the Knowledge Nodes as an essential part of the EpiK Protocol ecology is a role that can be performed by pledging 1000 EPKs known as the Foundation Pledge. As incentive, they are allocated 75% of the daily EPKs that are mined.
The growth of EpiK Protocol has led to an increase of players in its ecology. The Knowledge Nodes as a part of this, are steadily on the rise with new users who need a guide on how to deposit their Foundation Pledge being part of the new entrants. This is a guide for the Knowledge Nodes on how to deposit EPK. It is divided into two series with this first focusing on how to deposit EPK and some features of the Knowledge Node interface, while the second series will place more emphasis on how to redeem EPK.
STEP BY STEP APPROACH ON HOW TO DEPOSIT EPK
● Download EpiK Wallet
To be a part of the EpiK Protocol means having a form of identification and the EpiK Wallet is an essential ID to possess. For anyone willing to be a key player in the Knowledge Node, having the EpiK Wallet is a major prerequisite. It works on both Android and Apple branded products. To download it, kindly visit this link: https://epik-protocol.io/wallet
● Create or import Wallet
Depending on being a new user which means a new wallet will be created or an existing user who has a wallet where ERC20-EPK is deposited which means the wallet will be imported. On the downloaded EpiK Wallet, both processes are easy to carry out.
● Deposit EPK
There are places where users can buy EPKs and thereafter send them to the EpiK Wallet. EPK is listed on both centralized and decentralized exchanges such as UniSwap, MEXC, Gate.io. and Pancakeswap among other notable exchanges. The EpiK Wallet has an inbuilt receive feature where the user needs to copy the wallet address as represented on the EPK icon on the Wallet’s Home page.
● Access the EpiK Wallet
Open the downloaded EpiK Wallet, click on the “Nodes” Icon displayed at the bottom of the Home page.
Note: If someone else has set up a Node using Coinbase address as your wallet, the Node ID will be automatically added in your wallet. Otherwise, you need to manually add the Node ID.
● Enter the Node ID
After clicking on Node on the Home page, the page below where the NoteID is required will be seen. The user is expected to fill this as seen below.
Users can get their ID by clicking on Settings on the Home Page. Copy the Node ID and paste on the page represented in the image above. By clicking on Confirm the information below will be displayed.
IMPORTANT NOTES TO CONSIDER
It is important to note that there are lots of exchanges that support trading of the EPK tokens, but Coinbase will be used as an example. The numbers represented in the image above are explained below for clarity.
● Note 1
This refers to the withdrawable EPK in a Coinbase which can be brought to the EpiK Wallet by initiating withdrawal.
● Note 2
This is the Coinbase income collection address.
● Note 3
Account Balance: the total amount of current income of the collection address.
Locked Balance: This is a “7 Days + 7 Days’’ linear release. As its name implies, the balance shows the value is locked against the total amount that has not been released.
Available Balance: This is also the withdrawable balance and is the total amount that can be withdrawn after the linear release has been completed.
● Note 4
NodeID: This is the Node number representing the MinerID.
● Note 5
Current Powers: As shown above, 560M is the current computing power of the node, and 4.99T is the current total computing power of the entire network
● Note 6
The Node Base Deposit: as shown above, it is 1000 EPKs as the owner created the node with the deposited tokens. This amount cannot be withdrawn as it is the Foundation Pledge.
My Base Pledge: the balance shown above is 0 because no deposit has been initiated into the wallet. When the Foundation Pledge of 1000 EPKs is deposited into the node, the basic deposit of the Node will become 2000 EPKs, and the basic deposit is 1000 EPKs. This means that one can only control the amount in one’s Basic deposit.
Access Pledge: The figure above is 1200 EPKs as the owner has already pledged 1000 EPKs into the Node when it was created. This can not be withdrawn by the wallet.
● Note 7
My Access Pledge: 200 EPKs are shown as this was a pledge made into the flow of the node in the wallet making the total balance deposit to be 1200 EPKs. Thus, only 200 EPKs can be withdrawn and the flow deposit balance is 1200 which is the sum of the owner plus and one’s deposit.
● Note 8
Locked Access Pledge: The 600 EPKs here are the amount that have applied for the flow deposit redemption before and are still in the 72-hour unlock period.
● Note 9
To do this, the user needs to enter the basic deposit number which is 1000 EPKs then click add, enter the wallet password and click on OK.
● Note 10
Enter the base pledge amount which is 200 EPKs then click add, enter the wallet password and click on OK.
Please note that If the number of Nodes are more, the user can choose to use a one-click deposit by clicking on the node in the upper right corner of the icon as represented below
Here’s what it looks like
Click on the one click deposit as seen below
One-click collateral is performed to check all nodes for the Foundation Pledge of 1000 EPKs operation. Enter the password and click on OK.