Camillia, an NFT that could die
More or less you have probably known that TEA is a DAO of cloud computing miners(we sometimes call them farmers, TEA farmers). They run TEA nodes. TEA nodes work together to provide decentralized trusted computing services to traditional clients or modern blockchains. I explained $T token, the fuel (gas) of the TEA token economy in my last blog. Today I will explain Camellia, the soul of TEA nodes.
Why do I say Camellia is the soul?
Without a soul, the human body is just a dead body, so is the TEA node. Anyone can download the source code and run TEA runtime in a piece of computer hardware. But this is NOT a TEA node until the “soul’ is injected into the hardware. Other live TEA nodes will verify your newly created TEA node’s soul before running a consensus on you. If your node doesn’t associate with a soul, it won’t be accepted by others. In other words, you won’t get any tasks and no incentive $T even if you run your dead TEA node for years.
Camellia is the NFT that presents the soul of your TEA node. It describes what type of Camellia (hardware, software stack, versions), date of birth (how old are you?), staking slots, and credit history (have you done anything stupid before?). All of this information is stored and can be verified on TEA-layer1 blockchain.
The Camellia NFT defines your TEA node’s productivity, life span, and the most important, value.
Let’s assume in real life, you are a farmer, you want to run a real tea business. You need to buy a camellia seed and plant it in your farmland. If you do not own farmland, or your farmland is not big enough, you can rent from a landlord. Your camellia is not productive when it is very young. When it grows it starts to make TEA for you. Different types of camellia produce different types of tea. Of course, different kinds of tea are different in price. Your landlord shares some of your revenue.
Now let’s get back to our decentralized trusted computing business. Your node is your farmland. There are some investors to stake on you by purchase your staking slots as I mentioned in previous blogs. You buy Camellia NFT seed and plant it in your TEA node. Your TEA node is live now. It works with other TEA nodes and starts making revenue ($T). Of course, it is not very productive in the beginning. But after it grows up, it makes a lot of revenue. Of course, your stakeholders take some dividends as investors. When the camellia gets older, productivity drops. Eventually, it will run to the end of life and death. You will need to buy a new camellia seed and starts from the very beginning. You can trade the Camellia NFT in the exchange at any time. Your investors can trade your staking slots too. The capital goes to the highest ROI.
You can see the TEA token economy is exactly a mirror of an economy in real-life. So you won’t be surprised that Camellia will die as all of us will.
There are many benefits that I design the Camellia to die.
- New technologies bring new tech stacks on newer TEA nodes. Make old camellia die can encourage miners(farmers) to update their hardware to provide better services. If Camellia never dies, the miners with an old machine can still make enough money due to accuminate credit scores over time. This makes them no incentive to upgrade.
- After old Camellia dies, miners need to buy new seeds to continue mining. The $T they spend on new seeds will be burnt by the DAO so that maintain a healthy circulation of $T.
- If old miners’ camellia never dies, there will be less chance for newer miners to join and compete with old miners.
- Every new camellia will bring in new staking slots that accept new investors (landlord) capital. This helps the capital flows and improves the overall ROI.
Imagine that people never die, what our human society will be like today?
