Seeking 20 Pioneers for Exclusive Early Access to MicroNode: Revolutionize Node Creation & Management with Ease!

The Lightning Network marks a significant leap forward for Bitcoin, serving as a Layer 2 solution that enables swift and secure transactions. However, despite its potential, a large portion of users opt for custody Lightning solutions, with only a small fraction taking on the responsibility of running their own Lightning Node to attain self-custody over their assets.

This low adoption of self-custodial practices can be attributed to the challenges involved in setting up, overseeing, and maintaining Lightning Nodes.

At present, achieving self-custody on the Lightning Network necessitates two key components: setup and management of nodes.

The end-to-end setup and management process entails tasks such as:

  • Selecting Software
    Choose a Lightning Network implementation to run on your computer or server. Popular options include LND (Lightning Network Daemon), c-lightning, and Eclair.
  • Installation
    Install the chosen Lightning Network software on your computer or server. This usually involves downloading the software and following the installation instructions provided by the developers.
  • Configuration
    Configure your Lightning Network node by setting up parameters such as network connection settings, channel liquidity, and security settings. You’ll typically generate a wallet address for your node and set up a secure way to store your private keys.
  • Syncing with the Blockchain
    If you’re running a Bitcoin Lightning Node, you’ll need to sync your node with the Bitcoin blockchain. This process involves downloading and verifying the entire blockchain history, which can take some time and requires sufficient storage space.
  • Opening Channels
    To start participating in the Lightning Network, you’ll need to open payment channels with other nodes. This involves funding the channels with a certain amount of BTCs and establishing a connection with another node on the network.
  • Maintaining Node
    Regularly update your Lightning Network software to ensure you have the latest features and security patches. Monitor the health of your node, manage your channel liquidity, and stay connected to the network to effectively participate in Lightning transactions.

However, this level of required technical proficiency poses a significant barrier to widespread adoption, as many individuals lack the necessary skills or motivation to undertake such responsibilities.

To tackle these problems, Lnfi is thrilled to introduce MicroNode — an easy-to-use solution that lets you set up your own Lightning Node and Channel in just a few clicks, abstracting all complexities from end users. Plus, managing them is going to be as simple as ABC.

In the initial phase, MicroNodes will offer fundamental functionalities, including the ability to hold Bitcoin on a self-custody basis (Taproot Assets to be supported in the future), open channels with Lnfi, and deposit/withdrawal of assets into/from the LN Exchange.

As we progress, MicroNodes will evolve to incorporate a rich array of decentralized applications and features. These enhancements are designed to significantly boost user engagement and incentivize ownership and management of MicroNodes.

This evolution parallels the growing necessity for individuals to establish bank accounts or utilize digital wallets in the Web 2.0 era, and it is pivotal as it marks the beginning of our journey towards simplifying self-custody nodes on the Lightning Network, making them user-friendly and hassle-free.

Be Among The Pioneers to Shape the Future of Decentralization and Self-Custody as an Exclusive Early Tester

We’re currently seeking a small group of 15–20 testers to join our exclusive early access program for the MicroNode Self-Custody solution. Your participation is invaluable in shaping a user experience that’s intuitive, user-friendly, and accessible to a wide range of users, regardless of technical expertise.

If you meet the criteria outlined below, we encourage you to apply or share this opportunity with someone who does.

MicroNode (Early Access) Event Details

Total Reward Pool:
4,000,000 SATS

Early Access Selected Participants
15–20

Duration
2 Weeks

What do you need to do in Early Access?

If you are accepted as a MicroNode early tester and qualify for the rewards, you will be required to do the following:

  • Join a private Telegram Chat group to facilitate communication and feedback to the dev team.
  • Create a MicroNode account (free for this early access)
  • Create a Lightning Channel with Lnfi (requires at least 0.02 BTC for liquidity, on-chain gas fee required)
  • You are also required to close your Lightning Channel and withdraw liquidity when we notify you about the end of the test.
  • Note: Your assets deposited to your MicroNode and the assets used for Lightning Channel liquidity are all self-custodial. Lnfi do not have access to your assets.

How to apply for Early Access?

Apply via this Form: https://forms.gle/zXYMavs7B4SRvnRQ8

Please ensure you have filled in the correct details. Shortlisted applicants will be contacted via Telegram or Twitter as soon as we are ready to start.

Important. Please read this disclaimer

Risk Awareness
It’s crucial to note that real assets are involved in this test. Hence, participants must grasp the potential risks associated.

Unforeseen Risks
While our team diligently addresses issues, the nature of emerging technology means there may be unforeseen risks or consequences.

Self-custodial Agreement
MicroNode operates as a self-custodial platform, meaning Lnfi does not retain backups or copies of user passwords, seed phrases, or any other access materials for our users’ funds. Consequently, we are unable to provide assistance in the event of a lost seed phrase or password for a node. By utilizing MicroNode, you acknowledge and agree to maintain complete copies of all sensitive materials to safeguard against any potential failures, regardless of their nature. Lnfi assumes no responsibility for any loss of such materials, and by using our platform, you absolve and indemnify Lnfi from any resulting liability.

We do not accept responsibility for asset loss resulting from customer error, which encompasses but is not restricted to, the loss of seed, credentials, or configuring the same Lightning node outside of the Lnfi environment.

Modifications and Interruptions
Lnfiretains the right to alter, amend, or remove content of the MicroNode early access at our discretion, without prior notice. However, we are under no obligation to update any information. Furthermore, we reserve the right to modify or discontinue all or part of the early access without notice at any time. We shall not be held liable to you or any third party for any alterations, price adjustments, interruptions, or cessation.

We cannot guarantee uninterrupted availability of the early access. Technical issues, maintenance requirements, or other factors may lead to interruptions, delays, or errors. We reserve the right to modify, revise, update, suspend, discontinue, or otherwise alter the early access at any time, without notice. By using the Site, you agree that we bear no responsibility for any loss, damage, or inconvenience resulting from your inability to access or utilize the Site during periods of downtime or discontinuation. These Terms of Use do not impose upon us any obligation to maintain, support, or provide corrections, updates, or releases for early access.

Acknowledgment

By reading and joining this campaign, participants confirm their awareness of these risks and agree not to hold the protocol, its developers, or any affiliated parties responsible for any adverse outcomes, whether financial or otherwise, stemming from their interaction with this platform and its tokens.

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Lnfi Network (formerly NostrAssets)

A Unified Layer 2.5 to supercharge web3 and tokenization on Lightning Network with Taproot Assets, leveraging: Bitcoin, Lightning Network and Nostr