Guide : FAQ’s. StrongBlock 101
By: Lex Luther
Tags: Node, FAQ, Strongblock

7. Can I get my 10 Strong back once I create a node?

The 10 $STRONG contribution used to create your node was used in the below manner. You will not get them back, but you will have the opportunity to earn $STRONG over time.

Distribution of Community Contribution

10% for Future use

10% to $STRONG-ETH & $STRONG-LINK Pools for rewards

20% to $STRONG Pool

60% to Node Reward Pool

Distribution subject to change over time

8. What is the use of the StrongBlock NFT’s?

NFT’s hold various uses and benefits, many to be discovered yet. The primary function is to boost rewards on nodes. Refer to the Medium article to learn more https://strongblockio.medium.com/strongblock-cross-chain-and-nifty-fi-3876e2032d09

Enhanced Rewards

Multiple nodes per wallet (depending on NFT type)

Early access to new nodes and pools

Exclusive access to some features (based on NFT type and serial #)

Airdrops and contests

Many more features and exclusives — well beyond additional rewards

Really pretty too

9. How can I buy a bronze NFT?

Bronze NFT’s are available on OpenSea. The Silver/Gold/Platinum are available on the StrongBlock website.

10. Do I need a NFT to create nodes?

Currently, you are able to continue creating nodes without a NFT. Late summer a NFT could potentially be required in a wallet in order to create new nodes.

11. Can I transfer my NFT to another wallet?

Yes, you can use either MetaMask mobile or OpenSea to transfer your NFT. In order to do so the NFT must be un-staked first.

MetaMask Mobile: Use the ‘send’ feature

OpenSea: Attach your wallet to OpenSea. Then click the picture of the NFT you want to transfer, and then click the ‘briefcase’ button (see pic).

12. What is the max cap on nodes?

There is a max cap of 200 nodes per wallet. The team may also limit the number of nodes per blockchain based upon demand and other factors.

13. Strong tokens have been taken from my wallet, but I still don’t see the node. What should I do?

It can take up to 30 minutes for your node to appear in the “My Nodes” list. You may try creating the node again, but if you are prompted to spend tokens or ETH, then just reject the transaction as that means you already have the node, and just need to let it appear.

14. Can I sell or transfer my node?

Node migration is not currently possible. When it is, you will be made aware in the official StrongBlock Telegram channel.

15. What is Signaling or mining?

Mining is the action of ‘staking’ your tokens, and you earn $STRONG for doing so. Signaling is essentially ‘voting’ for a node with your mined tokens. You also earn $STRONG rewards for both signaling & having your node signaled. Yes, you may signal your own nodes.

16. What slippage should I use to buy tokens in Uniswap or other DEX?

This is a personal preference. In order to avoid being ‘front run’ by trading bots a lower slippage setting is preferred. I personally use .1 and increase my gas setting to slightly above FAST.

17. What is the cost effective way of taking the profits from my wallet to the bank?

This depends upon your access to CEX & DEX options, country of residence and other factors. Please check with other members to compare.

18. How to calculate tax on Strong rewards?

There are two unofficial Discord channels setup for both US and non-US individuals. Please refer to the unofficial Community Discord.

19. How can I buy Strong tokens?

Visit CoinGecko and check the available areas. By clicking on your preferred “pair” (STRONG/USDT) in the lower section it will open the associated web page with the legitimate token selected for you. https://www.coingecko.com/en/coins/strong

20. How much reward for Bronze/Silver/Gold/Platinum NFTs?

Please refer to the Medium info. https://strongblockio.medium.com/strongblock-cross-chain-and-nifty-fi-3876e2032d09

21. How can I stake NFT’s?

Purchase or transfer the NFT into the wallet where your nodes are located. Then simply click the name of the node you wish to stake the NFT to. Select “Stake NFT” and follow the instructions.

22. How much GWEI should I use?

This is a personal preference, but I prefer to use slightly higher than FAST when gas prices ( https://etherscan.io/gastracker) are not too unreasonable. This will cut down on time spent and failed transactions.

23. How long does it take to recover my initial investment?

How long does it take to recover my initial investment? This is dependent on what the reward NUBI is today, and what it will be for the foreseeable future. Currently, it is roughly 108 day time at the current rate.

24. Do I need to leave my MetaMask signed in or PC ON to run the node and earn rewards?

In order to see your accrued rewards you will need to have an active MetaMask session open, but your node will continue to earn rewards no matter if your PC is turned on or not. Leaving your MetaMask, or any wallet, exposed while you are not present is considered very risky.

25. What will happen to current ETH nodes once ETH upgraded to 2.0?

ETH2 is simply an updated version of the current ETH1 Protocol. We are in the middle of these upgrades to ‘merge’ the two networks together, likely around the end of this year. https://ethereum.org/en/eth2/merge/

26. Are there any other node protocols other than ETH that StrongBlock is working on?

StrongBlock is working with many additional protocols in addition to ETH. Specific information on these is not made available until they are ready for release

27. What happens if I don’t or forgot to pay the monthly maintenance fees?

There is a 30 day grace period after the due date, where you are still able to pay your late fees and recover your node. During this period you will not be able to claim any rewards from the node, or use the “Claim All’’ feature in that wallet. If you fail to pay the fee within this 30 day window your node will be permanently deactivated and you will NOT be able to recover it.

28. How many months of fees can I pay in advance for the maintenance of nodes?

You are able to pay any node 90 days maximum in advance. Using the “Pay All” feature will pay any node that has 60 or less days remaining, and will skip payment for any node that has 61 days or more remaining.

29. How do I know if I am buying a genuine StrongBlock NFT in OpenSea?

You can verify the contract address on the StrongBlock website, and also ensure the NFT’s on OpenSea bear the “blue seal”.

30. My node isn’t quite earning .1 $STRONG per day. Why?

The nodes currently earn .1 $STRONG per day, but that is based on a round 7000 Ethereum block day. Since there are closer to an average of 6400 blocks in an average day the earning rate is closer to .0914 $STRONG per day, but this will vary from day yo day.

31. Does StrongBlock hold too large a percentage of the current ETH nodes?

Many individuals get confused by this since ethernodes.org shows there are only 4,000 current ETH nodes. This is misleading as this is only a small fraction of the total ETH nodes.

Visiting etherscan you can see that the ETH1 network is comprised of more than just the mainnet nodes…

And soon, the eth1 nodes will be upgraded and mere with the newer eth2 network. Once that happens the eth2 validator nodes will also be a part of the network.