Xircus: Harnessing Decentralization for Passive Income

Xircus Web3 Protocol
4 min readApr 15, 2023

In an era where decentralized technology is taking the world by storm, investors are constantly seeking new ways to earn passive income. One such opportunity is with Xircus, a platform that utilizes blockchain technology to provide a decentralized solution to online stores, NFT marketplaces, and other web3 applications. In this article, we will delve into the issues surrounding centralized platforms, the innovative solutions that Xircus offers, the importance of providers in the hosting ecosystem, and the exciting passive income opportunities for investors through provider staking and the platform’s revenue model.

The Problem with Centralized Platforms

Centralized platforms have been the backbone of the internet for years, but they come with inherent issues. In the context of NFT online stores and other digital asset marketplaces, centralization poses significant risks. Platforms such as OpenSea and Rarible can close abruptly if the central organization decides to shut down, leaving users without access to their digital assets.

Moreover, centralized platforms are susceptible to price hikes and changes in ownership that can negatively impact users. The need for decentralized solutions has never been greater, as it can provide users with more control, security, fair revenue distribution and independence!

Introducing Xircus: A Decentralized Solution and Hosting Ecosystem

Xircus aims to revolutionize the web3 space by providing a decentralized infrastructure that empowers all users, offering a secure and reliable alternative to centralized platforms. With Xircus, the marketplace information is saved in a digital record on the chain. The system is designed to be self-sustaining, protecting user data and ensuring the marketplace remains available even if the original creator ceases to exist.

The platform relies on decentralized sharding at the API level, which allows data to be fetched from multiple sources instead of a single central server. This approach significantly reduces the amount of data being sent, improves speed, and enhances the overall user experience.

A key aspect of Xircus is the role providers play in the hosting ecosystem. Providers are essential for maintaining the decentralized infrastructure, as they host web3 application data on serverless platforms such as Vercel, Cloudflare Workers, and AWS. By staking $XW3 tokens and deploying the Graph API to these platforms, providers ensure that the entire Xircus ecosystem remains operational and secure, free from the risks associated with centralized hosting. There

Provider Staking and Revenue Model

Xircus offers an attractive passive income opportunity for investors through provider staking. By becoming a data provider and staking $10,000 worth of $XW3 tokens (one year lock), investors can participate in hosting web3 application data. Providers receive 20% of the marketplace fees set by the application owner, which includes 20% of every $1 listing fee and 20% of every 1% cost of the NFT item being sold.

Providers stake + Delegated Providers stake

Investors can also benefit from provider delegation staking, which allows backers to earn a share of the provider commission. This is akin to fractional ownership of data providers’ GraphQL APIs, and it helps ensure that web3 applications remain operational even if Xircus stops functioning.

As web3 adoption and transaction volumes continue to rise, investors have the opportunity to get in on the ground floor of this emerging market with massive growth potential.

To bring the potential growth in perspective

Conclusion

Xircus presents an innovative and robust solution to the issues plaguing centralized platforms. By harnessing the power of decentralization and blockchain technology, Xircus offers a secure and reliable alternative for online stores, NFT marketplaces, and other web3 applications. Providers play a critical role in the hosting ecosystem, ensuring the smooth operation of the entire platform. For investors, the platform’s provider staking and revenue model provide a lucrative passive income

Opportunity: By offering generous rewards, Xircus aims to attract and retain a sufficient number of providers to support the growing demand for data hosting services in the Web3 and NFT space. This not only helps to maintain the overall health and stability of the ecosystem but also contributes to the long-term growth and success of the Web3 and NFT market.

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Xircus Web3 Protocol

Xircus is The first WEB3.0 consensus that enables you to build your own dApp; shortest time-to-market / cost efficient / easy to setup >>> xircus.app