As INT 4.0 is gradually improved and officially launched, INT 4.0 will start the recruitment of validator. Any subject and individual who meets the selection requirements can participate in the node election and obtain node rewards.
Application Portal：https://forms.gle/Nq7L9FYj72gRjNmU9
Recruitment Guidance
- INT 4.0 validator recruitment plan will be launched on September 2, 2021, which will be open for long-term;
- Organizations and individuals who meet the requirements can submit their applications immediately.
- All submitted node information will be reviewed by INT one by one to prevent malicious nodes from being created.
Validator Conditions
- (Organization and individual) have basic knowledge and understanding of blockchain technology (e.g. public and private keys, signatures, etc.);
- (Individual) have their own fully controllable server resources with access to the public network;
- (Individual) has a certain technical foundation and can independently carry out server maintenance and management operations;
- (Organization) has servers to run the nodes and node operation and maintenance technicians;
- Those who participate in the INT 4.0 test network mining competition will be priority;
- Node software, hardware and network environment requirements.
Node Reward
- The profits of node are mainly from block production reward and transaction fees and the block production reward is limited to 20 million INT.
- Block reward = the number of blocks produced by the node * the reward for each block, the more the number of blocks, the more rewards.
- Annual node reward = node dynamic weight ratio * annual block reward
- Node weight, that is, the percentage of votes obtained by nodes in total votes. Because the total amount of votes and the amount of votes obtained by a single node are constantly changing, here we use the dynamic weight ratio to list the calculation formula, which help users better understand it.
- For more details, please check here: https://titansdocs.intchain.io/concepts/1-general-concepts.html#staking-rewards
Participation Process
1. Fill in the application form
2. Official review and feedback (within 3 working days)
3. 1 million INT 4.0 tokens for the register node
4. Register to run the node according to the document: https://titansdocs.intchain.io/
5. Announce new node information and get voting
Resources
- Blockchain browser:https://titansexplorer.intchain.io/
- Node deployment documentation:https://titansdocs.intchain.io/
- Voting tutorial:https://www.youtube.com/watch?v=yt9aLx7KHgI
FAQ
1.When will the validator be rewarded?
The validator will receive node rewards in real-time after the block is produced;
2.How often is the number of votes counted for a node?
Voting is real-time and candidate nodes can see real-time changes in the number of votes. The replacement cycle of the validators is about 2 hours, and the new votes of the validation node will take effect in the next cycle.
3.What is the voting reward for voters?
The percentage of the reward given to voters is set by the node itself (i.e. the voting reward may not be the same for each node) and ranges from 0% to 100%.
4.Can a node withdraw its own votes after it has received enough votes from other people?
No. For security reasons, nodes are required to stake their votes as collateral to prevent malpractice from occurring, so they cannot withdraw their votes. If in extreme cases you need to withdraw your vote, you can withdraw all your votes by cancelling the node.
