When you purchase node licenses, they grant entry to the Element DGF, confirm transactions on the Element Blockchain, and earn ELMT-P distribution. There are two types of node licenses: Smart Nodes and Lite Nodes.
Smart Nodes are high-value options for committed supporters. Offering 100 times the amount of daily rewards compared to Lite Nodes, they provide significant value for their price. There is a total supply of 100,000 Smart Nodes available for purchase, each providing one vote when a proposal is active.
Lite Nodes have a much lower cost and offer an accessible entry point for those who wish to contribute to the Element blockchain. There is a total supply of unlimited Lite Nodes available for purchase, each providing 1/100th of the daily rewards compared to Smart Nodes and only 1/250th of a vote when a proposal is active.
For more information on the different types of nodes, their respective costs, benefits, and reward mechanisms, review the information provided in the charter and/or litepaper.
*One instance of computer/VPS can only run one Smart Node OR up to 100 Lite Nodes.
Additional info:
A Lite Node's price is affected by the price of a smart node. As the Smart Node price increases, the price of a Lite Node price would also increase. For example, if the Smart Node was priced at $2,500 then the Lite Node would be priced at $25 (1/100th) of Smart Node priced at $2,500. As the price of a Smart Node increases to $2,600, the Lite Node price would also increase to $26.
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