RunNode is a solution to scale the Solana blockchain through the provision of RPC (Remote Procedure Call) nodes. Decentralized applications (DApps) will all need to rely on RPC nodes to be able to interact with the blockchain to perform functions such as processing transactions, retrieving information, etc. RunNode's goal to become a provider Leading RPC node with easy-to-use toolkit, quick, convenient, low-cost registration, enabling every developer to easily build and launch their projects and applications on Solana.
Service at competitive cost
RunNode offers free RPC node rental packages for small and medium-sized developers. With the enterprise plan, node rental costs will be 30% to 40% lower than competitors. RunNode also supports many different payment methods via credit cards, VISA, MasterCard…. In the near future, RunNode will support users to be able to pay with cryptocurrencies through cryptocurrency wallets such as Phantom, Sollet, etc.
Easy-to-use tools and features
Users can easily create and launch their projects with RunNode with just 4 simple steps:
Unlimited scalability
RunNode's RPC nodes have the ability to autoscale depending on the user's requirements with his project. In particular, autoscale is a way to automatically increase or decrease computer resources allocated to applications at any time depending on their usage needs. This will help optimize scalability and cost when developers choose to use RunNode RPC nodes.
RunNode Developer API
RunNode provides developers using an API similar to Ethereum 's Infura that makes it easy for them to connect their application to RPC nodes. Developers can use the solana-web3.js library to create applications that can interact with this API class.
Onchain RPC Access
Developers can use RUN tokens to register and access RPC based on the pay-as-you-go model.
RunAnalytics
Developers can monitor, generate, and maintain API keys on RunNode's web interface to analyze data such as traffic, transaction volume, and more.
RunDeploy
In the future, RunNode will provide users with a smart contract implementer that will allow developers to easily write, compile, and deploy smart contracts on the Solana blockchain.
RunBox
Developers will be able to quickly create decentralized applications right on the website with just one command line based on the code available in the RunNode sandbox. Users can also use this feature to deploy and debug smart contracts before their official launch to Solana. This feature will be introduced by RunNode in the future.
RunStake
To expand more liquidity in Solana DeFi ecosystem. RunNode plans to create a platform that allows users to stake their coins/tokens on the Solana network with many attractive incentive rewards.
RunNode has not announced a specific timeline for the roadmap, but the roadmap will have some key events as follows:
Project team
Currently, information about the project development team has not been announced by RunNode.
The advisory team for RunNode has 2 members from Alameda Research and FTX.
Investors
Runnode received a total of $8.1 million in Seed and Strategic rounds at a $30 million valuation, led by Bybit's Alameda Research Ventures, Serum, and Mirana Ventures. The remaining investors are Spartan Group, Epsilon Trading, RareStone Capital, and DAOJones.
Partner
Some prominent partners of RunNode include: Raydium, Solstaters, MeanFi…
RUN is the official token of the RunNode ecosystem.
Investors who own RUN tokens can use some key functions such as:
On December 6, 2021, RunNode hosted an IDO on two Raydium and Solstarter. To own RUN tokens, you can buy them directly on Solana's 2 decentralized exchanges, Raydium and Orca.
With the strong growth of SOL, Solana is attracting more and more investors, users and developers to its platform. However, in order to continue to grow further and compete with other blockchain platforms like Ethereum, Solana needs to build and leverage existing tools and infrastructure.
Solana application developers also need to build and maintain their own nodes and authentication infrastructure instead of using public nodes from Solana as they are currently. Applications that are using public nodes from Solana and Serum are only allowed to do 10 transactions per second, much lower than the potential speed of the Solana blockchain. To rent RPC nodes at vendors, it is estimated that developers have to pay between $1,000 and $2,000. Moreover, these services also do not provide libraries, tools, sample code ... for users in the application development process.
To solve the above need, RunNode was established to provide RPC nodes with many useful features to help developers build and scale their decentralized applications easily and quickly with low cost. low fees. RunNode also receives investment and advice from many large organizations and investment funds such as Alameda Research Ventures, Serum, Mirana Ventures, Spartan Group...
Through its service, RunNode is expected to be the solution to make Solana network stronger and more user-friendly, thereby attracting more users and developers to its platform. However, as a service that provides RPC nodes, the value of the RUN token will depend heavily on the development and revenue of RunNode. Therefore, you need to do thorough research before making a decision to invest in RUN tokens.
Above is all information about the RunNode project and the RUN token. Hope this article will help you get the necessary information and make the right investment decisions.
For more details about the project, readers can view information at the media channels:
Twitter | Telegram | Discord | Project information
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