WHITEPAPER

Take a look at our Whitepaper to understand our project better and why Pedestal token and Node is the best financial decission you would ever make

Welcome to our official documentation page. It is pertinent to note that all the information you needed to know about our Pedestal Node Finance, including frequently asked questions, would be seen on this documentation page.

Information contained on our documentation website as seen here is subject to modifications when appropriate, to keep everyone on the right track with the most current update regarding our ecosystem.

The world of blockchain technologies is developing rapidly - the recent boom in initial coin offerings (ICOs) and the entry of major corporations such as IBM into the technology's practical applications are just two indicators of this development.

Alongside continuous and rapid growth, it's also important to be aware of the current challenges posed by blockchain technologies and ponder on their further development.

Blockchain technologies are a way to manage and record transactions or any digital interaction. It's done not with a central ledger, but with a distributed database that is managed autonomously using peer-to-peer networking and cryptography to keep the shared ledger secure from tampering and revision.

Blockchain technology enables us to reimagine how business is conducted today. We want to clearly state in this whitepaper, how Pedestal Node is practically built as a Defi as a Service (DAAS) and Node as a Service (NAAS). With the rise of Defi, companies have started streaming their employees their wages in real-time.

Pedestal Node finance, built on AVAX C Chain network is fundamentally built to take care of every lack of liquidity by making provisions for synthetic tokens which is their stake, where the actual asset staked is the same as the value of the token.

Users can use their tokens to participate in their liquidity pool and invest in revenue-generating channels made available. Pedestal Node staking provides a lifetime daily passive income to participants through Pedestal multi-chain yield farming protocol which is secure, reliable, safe, and sustainable to the core.

The blockchain ecosystem consists of five major components that are on the fast rise with each passing day, of which nodes are a crucial part of it. Despite the low availability and extremely high demand of world-class nodes like Pedestal nodes, this is still a newly discovered field in the blockchain ecosystem that makes you a part of early participants in such an amazing area in the ecosystem of blockchain.

Pedestal Node Finance brings exposure to diversified DeFi protocol to community members. The Pedestal Node protocol algorithm permits de-risking treasury assets by allowing users to invest in yield-bearing assets instead of just holding the coin.

i. High DeFi Yield

Pedestal Node Finance allows investors to earn flexible yields and stake their assets in the New Decentralized Financial Infrastructure. The Pedestal token is designed with economic principles that already work effortlessly in nature, demystifying the yield farming craze with a Node Protocol that doesn't break at the slightest touch of market situations: The system delegates to winning strategies and hardens against losses caused by market volatility and other factors.

Pedestal Node Finance not only maximizes returns on yield farming but also is a powerful platform for passive income generation. Unlike other Yield Farming platforms, Pedestal Node generates profits through total profitability, lower risk, and less correlation to the market. It provides high DeFi Yield without downtime, even in bear markets

ii. Nominal fee

On Pedestal Node, many participants pool their resources together hence reducing the transaction fee required per head. Pedestal Node's philosophy is to provide quality services at an affordable price. Pedestal Node allows you to experience the benefits without having to spend a lot of money on fees.

iii. Built with ease of use in mind

Have you always wanted to start your DeFi journey? With Pedestal Node, your task is simple, connect your wallet to our console, buy Pedestal Node, that's all. When you want, tap on "Claim" to claim your rewards.

Unfortunately, not everyone is tech-savvy and with this in mind, we have made the whole process easy as pie for both beginners and pros.

Our platform is easy and simple to use, but the underlying mechanics are complex. Pedestal Node Framework is a flexible, modular, and secure node.

We literally take care of hard things for you and let you take full advantage of them. From the dashboard, you can configure your rewards, monitor & receive passive income, receive yield farms profits and APY on your assets.

Our team of professional developers has built a very intuitive dashboard that will allow anyone to manage their nodes from one place with ease.

iv. Adequate verification modules

The intention is needed. So all protocols are thoroughly verified before we invest in them to minimize risks to the barest minimum.

We do in-depth market research before we list any protocol on our platform. All projects on our protocol must meet specific metrics. We continuously monitor these protocols to make sure they are performing as required by their specifications.

We have an experienced team of highly dedicated professionals. They have a proficient track record in the blockchain industry, especially when it comes to decentralized finance (DeFi) protocols and projects.

We verify all protocols before investing in them, and we also provide a well-researched and analytically prepared list that provides useful protocol information so that you can make better decisions.

This is our reliable way to encourage the community to participate in determining which project to list on our platform for investment.

Cryptocurrency nodes are dedicated servers or machines just like the one you are using now that help distributes the cryptocurrency. Your computer can become nodes and help the network you're using, either Bitcoin or Ethereum, these networks rely on these nodes to run their resource-intensive applications that can't be managed by a single entity without an unacceptable loss of speed and efficiency.

Nodes are an essential part of the infrastructure of all blockchain-based networks. Each node has a full ledger of the transactions happening on the network and is able to independently verify the validity of transactions. Nodes collectively ensure that consensus is maintained on the blockchain regarding the correct ordering and correct history of transactions.

Decentralized applications rely on a distributed network of nodes to run their resource-intensive applications that can't be managed by a single entity without an unacceptable loss of speed and efficiency. Nodes are typically maintained by individual, independent parties. A 'node' is simply a computer running a program for which you can connect to the network, such as Bitcoin Core or the Ethereum Wallet app.

Full Nodes

Almost all full nodes also help the network by accepting transactions and blocks from other full nodes, validating those transactions and blocks, and then relaying them to further full nodes. Most full nodes also serve lightweight clients by allowing them to transmit their transactions to the network and by notifying them when a transaction affects their wallets.

Lightweight Nodes

These types of nodes interact with the blockchain and depend on full nodes to provide them with the required information because they do not store a copy of the chain, they only check the current status for which block is last and broadcast transactions for processing. It is also called the Simple Payment Verification (SPV) node.

Master Node

A master node runs the command and control center for blockchain networks. A master node is designed to run 24 hours a day.

DeFi is the term used to refer to the entire ecosystem of Decentralized Finance (and some semi-centralized entities that borrow characteristics from DeFi). It refers to a broad set of decentralized tools and applications available today, including new forms of lending, borrowing, investing, insurance, trading, collective ownership, as well as use cases that are yet to be imagined.

Unlike traditional finance, decentralized finance (DeFi) is all about efficiency and driving out middlemen. With DeFi, you can bypass the banks, brokers, and other intermediaries who often tweak their fees for profit.

Decentralized finance (DeFi) describes the act of replacing traditional financial instruments with digital decentralized apps and protocols.

DeFi includes all decentralized and trustless finance-related software protocols built using public blockchain technology such as Ethereum. The main objective of DeFi is to create a highly secure system with no single point of failure or any trusted counterpart risk.

Earning interest is a viable option in the cryptocurrency world, and there are many ways to do it. The act of receiving rewards through certain mechanisms and processes is commonly referred to as Yield Farming.

Yield farming refers to the practice of staking crypto assets in order to generate rewards or yields. It is an entirely digital endeavor that takes place on decentralized finance protocols.

Yield farming, also known as liquidity mining, defi farming, or staking, refers to the process of locking up cryptocurrency assets as collateral for a loan and then earning interest on them.

Yield farming is a system that incorporates liquidity pools and smart contracts. An investor who deposits funds into a smart contract is known as a liquidity provider. The smart contract is known as the liquidity pool, which operates from an automated market maker (AMM) model.

This model is popular on decentralized exchanges. AMM eliminates the conventional order book, which contains all "buy" and "sell" orders on a cryptocurrency exchange. Instead of stating the price that an asset is set to trade at, an AMM creates liquidity pools using smart contracts. These pools execute trades based on predetermined algorithms.

The AMM model relies heavily on liquidity providers (LPs), who deposit funds into liquidity pools. These pools are the bedrock of most DeFi marketplaces where users borrow, lend and swap tokens. DeFi users pay trading fees to the marketplace; the marketplace shares the fees with LPs based on their share of the pool's liquidity.

More sophisticated yield farming strategies can be executed using smart contracts, or by depositing a few different tokens onto a crypto platform. A yield farming protocol typically focuses on maximizing returns, while at the same time taking liquidity and security into consideration.

Yield farming is a way to earn high-interest rates from lending cryptocurrency. Here are the main advantages of yield farming:

The term, "mining" is used in cryptocurrency to describe the process of adding new blocks to the chain of transactions. In simple words, mining is the process of verifying and recording transactions made with cryptocurrencies.

For every transaction made with a cryptocurrency, miners are responsible for verifying and completing that transaction. The verification and recording of each transaction are completed using cryptographic algorithms.

The computers involved in the verification process are called nodes, and these computers work together to solve the complex cryptographic algorithms. Once the algorithm is decrypted by one computer, the rest of the nodes verify that it has been solved correctly.

When a node solves an algorithm, a block is added to the chain and that node receives a reward for its effort. The reward received can be in either cryptocurrency or fiat currency (or both).

Arbitrage mining alludes to yield farms that primarily incentivize arbitrageurs, i.e., traders who take advantage of market inefficiencies across DeFi.

Insurance mining refers to yield farms that reward users who deposit assets into decentralized insurance funds. These funds are risky since successful insurance claims will be paid out against them. In exchange for putting funds on the line to help projects go underwater, such depositors are awarded governance tokens.

An example of this system is the Liquidity Stability Pool. People supply the LUSD stable coin to the pool as a backstop for Liquidity's lending protocol, and they earn the project's LQTY tokens for doing so.

Trade mining is similar to arbitrage mining, except you only have to undertake simple trades to earn token rewards rather than conduct arbitrage strategies.

We intend to launch a full node service and lay the foundation for a protocol upgrade. The protocol's nodes will get a share of everyday payouts, comparable to how other blockchains reimburse their miners. AVAX tokens will be staked to collect daily mining benefits. Mining helps both Pedestal Node community members and the blockchain community at large.

Blockchains are powered by miners and nodes. New transactions are validated by miners and recorded on a blockchain. Coins and transaction fees are used to compensate miners. Nodes are blockchain servers that maintain consensus with other nodes, verify transactions, store a copy of the blockchain.

To encourage higher node productivity, a DeFi reward scheme will have to be utilized. There needs to be a financial incentive to change maintaining a node from a hobby to a for-profit activity in order to promote more high-quality node operators.

Our plan is to use the mining concept to get more nodes running on all blockchains in general, and more complete nodes in particular, and to recompense them for doing so.

Tokenomics is the science of creating, distributing, and managing a digital token with the goal of incentivizing behavior within a community.

A token can be any kind of digital asset-from a cryptocurrency coin or token to a loyalty points token to a unique asset such as an in-game item.

The fundamental concept is that by creating a digital asset that has value and is tied to the community you want to grow, you can create incentives for specific behaviors within that community.

The $PEDESTAL token is our native token. It is used to buy your nodes and for the rewards distribution from your nodes.

A total of 20,456,743 PEDESTAL tokens will be created. Below are the values and statements of the distribution of these tokens.

Token Allocation

Disclaimer: The values and statements made above are indicative only and should not be misconstrued as an offer or guarantee. As we have stated we are always open to feedback and hence these numbers and distributions are subject to change based on that feedback.

As is generally acknowledged now, the blockchain market is highly competitive. In order to succeed and grow in the future, we will need a unique and effective cryptocurrency marketing strategy.

Our approach to marketing the PEDESTAL Protocol is multi-channel. While we will largely depend on our community's drive to spread the news of the project through word of mouth and viral social activity, we don't plan to leave anything to chance. The team will maintain the appearance and generate buzz on all major social channels.

Over time, we will target influencers on:

At its core, Pedestal Node Finance is a yield-farming protocol designed to help you optimize your holdings and create an income stream that will help you achieve your financial freedom goals.

Market the project and ramp up on community building

Please note that nodes are not the only part of the project-what we are producing is a unique mix of blockchain-based technologies. An important aspect of our business model is diversification - you receive a passive income through mining, you can trade tokens, you can purchase non-fungible tokens, and you can stake them to earn more tokens. The project will be continuously evolving-we will be releasing new features in response to the requests of our community.

Our devs will follow whatever path the community decides on, so feedback from our community members is very important. We hold votes to determine which features we focus on development for the future, and community members have the opportunity to share their opinions or suggest improvements.

While this document is not comprehensive, it provides all the information necessary to understand Pedestal Node Finance. The developers built the protocol to benefit all community members and designed it to be simple and easy to use.

You won't have to study or memorize the contents of this document in order to take advantage of what Pedestal Node Finance has to offer. Finally, as stated previously, the protocol will be developed by the community. All stakeholders will have a voice in determining its future direction. It is the essence of decentralization.

When we refer to "team members" in this project, we mean any group of people who are working together to achieve some sort of goal. Team members can be acquaintances, friends, relatives, or even complete strangers! The important thing is that each member has a role on the team and feels respected and valued by their team members.

Frequently Asked Questions

Meet Avalanche, the blockchain that wants to save you money.

When you look at the blockchain industry, it's easy to get overwhelmed. There are hundreds of blockchains all vying for your attention, and they have different strengths, different weaknesses, and different priorities.

So how do you know which one is right for your needs?

Well, if keeping your costs low is a priority for you and your crypto project or business, here's what you need to know: Avalanche is one of the top performing blockchains in the ecosystem. It can handle over 4,500 transactions per second, so it's fast enough for any business application.

The thing that makes it stand out from other high-performance blockchains is its low cost: interacting with an Ethereum contract can cost you close to $100 in fees while the same transaction in Avalanche can cost you only $0.20. That's a huge difference!

Why does this matter? Well, if you're building a business or a project that relies on blockchain technology, using Avalanche can save you thousands of dollars every month.

You need to download the Metamask extension in your Chrome, Firefox or supported browser and make sure the Avalanche network is in your networks list. You can as well do that on your mobile wallet Dapp browser.

If you want to add networks to Metamask you can go to https://chainlist.org/ and there you will find a button to add the Avalanche Network.

When your wallet is properly set up, you need to own some AVAX (the native token of the Avalanche network) and head over TraderJoe to buy some PEDESTAL.:

To make sure we can unboard as many passive income and loyal community earners as possible, you need only 10 $PEDESTAL tokens to create a node. You can create as many nodes as possible(max 100), it's still more income for you and don't forget to spread the word.

The rewards are distributed in real time every second, totally up to 0.5 $PEDESTAL token per 24hrs.

When a Node is created, the tokens go to the contract and upon 3 nodes created, the contract splits the tokens into the LP(Liquidity Pool)(50%) and the rewards pool. (50%)

The tokens sent to the LP are converted to AVAX immediately and sent to the Treasury Wallet. .

We know you want to earn more, but it's wiser to keep our investments under check. So, yes, you can only create 100 nodes per wallet and we feel that's perfectly okay for the community.

No, It doesn't have the ability to put new tokens in circulation, only tokens from node creation & claim tax.

There is only a 10% claim reward tax.

Yes. It's unfortunate if there are a lot of adoptions, but that would be the case if Pedestal Node Finance has grown into a large and established DAO with hundreds of thousands of nodes.

That being said, investments in diverse DeFi projects, as well as other alternative sources of income to the liquidity pool will reduce the extent of reward cuts to a very large extent.

Yes! 3 keys will be used. It will be held by two team members, and a trusted third party.

Yes, the liquidity pool for PNF was initially funded with $10,000 worth of AVAX and the resulting LP tokens were locked for 180 days. Still doubting, look here. Proof of LP locked.

We take our project and community's peace of mind as a priority.

We are committed to safety & security for our investors and we believe this to be a strong positive step for our community.

We want to build community trust and confidence in the project leadership & are proud to deliver this next step in the evolution of Pedestal Node Finance!

Assure offers one the most robust and differentiated KYC service for projects in the crypto space and this is why we used them.

This is a very simple guide to help you successfully buy the PEDESTAL token and start your journey of financial freedom. Please follow the steps properly and ask questions in our community channels if you need help on anything.
Video is coming soon