The next node to be added to the COTI MainNet will be operated by Veruien, COTI’s first TestNet operator!
It is with great joy that we are giving our first TestNet operator the possibility to operate a node on COTI’s MainNet!
Veruien was chosen to be the first one to run a node not only because he is the first to have set up a node on COTI’s TestNet, but also because he is actively contributing to the network by making tests and reporting to COTI Dev Team.
His Test node is actively helping the development of our network and it’s time for us to thank him and to take the next step.
The node will go live on MainNet on May 1st and you’ll be able to see it in the MainNet wallet, here.
As per the Staking 2.0 program, Advanced nodes can have a number of stakers with a maximum of 5M COTI staking as a whole. This leaves the opportunity for more stakers to join the node for a consequent staking amount with an annual return of at least 25%.
Other TestNet operators will get preference with Staking 2.0 and their place is reserved on that Node. We thank them for their ongoing participation and this is our chance to show our gratitude and appreciation
This is a major step as it marks the start of allowing TestNet operators to get their node on MainNet.
Having said that, it is important to understand that the process will be done in a gradual manner and more will be added gradually.
“I am very proud and honored of being chosen as the next node runner! I have been following COTI since Feb 2018, and it has been an amazing ride seeing how the project has been evolving during this time. The scope has been expanding several times in this period, and I cannot wait to see the full power of Multi-DAG and how it solves scalability. COTI has an incredible team in all aspects, and I am looking forward to being a part of this journey we have just begun!”
For the full guide on how to stake in the COTI Staking 2.0 program, please refer to this article.
For all of our updates and to join the conversation, be sure to check out our channels:
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf