Participating in BlockX MainNet Genesis (Jan 2024): Validators, Developers, Users, Investors

Manindra Majumdar
BlockX Chain
Published in
5 min readDec 22, 2023

--

Welcome to the forefront of decentralized computing with BlockX! As we gear up for the BlockX MainNet Genesis, we invite validators from around the globe to embark on this revolutionary journey with us. BlockX is not just a platform; it’s an ecosystem where your participation can make a significant impact.

Why BlockX?

At BlockX, we’re not just building a network; we’re fostering a community of visionaries and pioneers in blockchain technology. By becoming a validator on BlockXNet.com, you’re not just joining a network; you’re claiming your stake in the future of decentralized finance.

As we gear up for the BlockX MainNet Genesis, we invite validators from around the globe to embark on this revolutionary journey with us.

For Validators

Step 1: Obtain Your Validator Key

Begin by visiting the BlockX Genesis Mainnet repository on GitHub [here](https://github.com/BlockXLabs/BlockX-Genesis-Mainnet1). Create your validator key on this page.

Step 2: Add Your Key as a Genesis Account

After generating your validator key, add it as a Genesis account to ensure your participation in the BlockX MainNet Genesis.

Step 3: Sign the Genesis Transaction

Navigate to the init.sh file in the repository and don’t forget to customize certain values, such as the Key and the Moniker. Run the init.sh file manually to complete the first three steps, which include creating a key, adding it as a Genesis account, and signing the Genesis transaction.

Step 4: Submit Your Signed Genesis Transaction

Execute the signed Genesis transaction and submit it by creating Your own branch and then make a Pull Request. Visit (https://github.com/BlockXLabs/blockx-gentx-mainnet) to submit the JSON file as a Pull Request on a new branch. Add the transaction on the gentx folder. The deadline for submission is January 5th at 12 pm ET.

Once all submissions are collected, we will compile them to generate an updated genesis.json file containing details of all participating validators. This file will be made available on the BlockX Genesis Mainnet repository https://github.com/BlockXLabs/BlockX-Genesis-Mainnet1 for download.

Step 5: Fill up the Validator form

Fill up the Validator submission form https://forms.gle/DpN1am6ZxMmNMAhG9

Step6: Register your Account in the BlockX Launchpad Portal

Create your account at BlockX Launchpad Portal with the same email. We encourage you to buy tokens directly to increase your stake in the ecosystem for Validator deals, perks, bonuses, and airdrops. Email at contact@blockxnet.com post investment for the benefits

Testnet + Mainnet

We will keep the Testnet running and need validator support to do so. So for running the testnet, validators will get a 25% Bonus on the rewards.

Chain ID of BlockX Testnet is 50

The chain ID of BlockX MainNet is 100

Submission Deadline and MainNet Launch Date

Validators have until January 5th, 2024, 12 pm ET, to submit their gentxs. The MainNet will launch with the Genesis block on January 10th, 2024.

Rewards for Genesis Validators

As a token of appreciation, each Genesis Validator will receive 10,000 BCX. Additionally, there are a limited number of validator slots available.

Furthermore:
- Each Genesis Validator will receive a delegation of 500,000 BCX from the Foundation.
- Bonus tokens will be allocated for validators running services, testnet nodes, or those with arrangements with the Foundation.
- Validators who have invested any amount will enjoy a 500,000 BCX + 5x delegation of their investment amount
- Up to 200 million Bonus tokens, as part of a 1:1 Bonus, will be auto-staked among validators, with a preference for those who have invested in prorate of holdings, investment, services, etc

Important Dates to Remember (12 pm ET):

  • January 5, 2024: Deadline for validator submissions
  • January 10, 2024: BlockX MainNet Genesis & Snapshot on Polygon network for 1:1 Bonus

Increase your BlockX Holdings
This is the perfect time to increase your BlockX holding. You can increase them by investing at https://invest.blockxnet.com/token/bcx

Important Links

Github BlockX Mainnet Repository: https://github.com/BlockXLabs/BlockX-Genesis-Mainnet1
Github repo to submit/PR the Genesis transaction: https://github.com/BlockXLabs/blockx-gentx-mainnet)
Validator Submission form: — https://forms.gle/DpN1am6ZxMmNMAhG9
Buy BCX : https://invest.blockxnet.com/token/bcx
Linktree: https://linktr.ee/blockxchain

Don’t miss this opportunity to be an integral part of the BlockX MainNet Genesis. Follow these steps to ensure your participation and claim your rewards!

For Developers

🚀 Developers: Build, Earn, and Thrive! Are you a visionary developer eager to shape the future of decentralized applications? Look no further. Join BlockX MainNet and be at the forefront of innovation!

Why Build on BlockX MainNet?

  • On-Chain Rewards: As a developer, your efforts will be rewarded on-chain. Build cutting-edge decentralized apps (DApps) and earn rewards directly on the network.
  • Lightning-Fast Network: Experience unparalleled speed. Your DApps will run on a lightning-fast network, providing users with a seamless and responsive experience.
  • Lowest Cost, Maximum Impact: BlockX offers the lowest cost to access the best DApps, ensuring your creations reach a wide and engaged audience.

🔧 How to Get Started — Developers

  1. Access Developer Resources: Explore our developer resources to kickstart your journey.
  2. Deploy apps: Follow the steps outlined in our guide to become deploy apps and earn automatic rewards on-chain based on performance of your smart contracts

For Users

🌟 Users:

Stake, Play, and Earn! Calling all users ready to explore a world of decentralized possibilities! BlockX MainNet offers you the chance to stake, play, and reap the rewards.

💸 User Benefits:

  • Access to Lightning-Fast Network: Enjoy a network that’s not only fast but also cost-effective. Access the best DApps with ease.
  • Staking Rewards: Stake your tokens and earn rewards. Your participation helps secure the network, and you get rewarded for it.

🚀 How to Get Involved — Users:

  1. Stake Your Tokens: Head to our staking platform to start earning rewards.
  2. Explore DApps: Once on the MainNet, dive into a world of DApps. From decentralized finance to gaming, there’s something for everyone.

In conclusion, BlockX MainNet invites you to be a vital part of a revolution in decentralized possibilities. To our esteemed validators, your commitment forms the backbone of our network, and as a token of appreciation, generous rewards await. Users, immerse yourself in a lightning-fast ecosystem, staking your tokens for both security and prosperity. Developers, the MainNet is your canvas; build DApps, earn on-chain rewards, and propel the decentralized future. Investors, seize the opportunity to be part of a groundbreaking venture. Your investment not only fuels innovation but unlocks unparalleled value. BlockX MainNet is not just a platform; it’s a thriving community where validators, users, developers, and investors converge for mutual success. Embark on this journey with us, shaping the decentralized landscape together. Join BlockX MainNet now, where innovation meets opportunity! 🚀🌐🌟

--

--