Raiinmaker Network: How to Set Up a Validator Node
To participate in the Raiinmaker Network, setting up a Validator Node on Coiin.ai is an essential step that helps to finalize transactions and user actions. This guide will walk you through the process, ensuring you can start earning rewards efficiently.
What is a Validator?
Validators play a crucial role in the Raiinmaker Network by finalizing all transactions and user actions. Each time a new block is created, validators are rewarded for signing these blocks. This process not only ensures network integrity but also provides financial incentives for participants.
Watch the tutorial, and follow the step-by-step guide below!
Step 1: Register an Account
To get started, create an account on Coiin.ai.
- Visit Coiin.ai: Go to the Coiin.ai website.
- Sign Up: Click on the ‘Create Account’ button. Provide your name, email, username, and password.
- Verify Email: Check your email for a confirmation message from Coiin.ai. Click the confirmation link to verify your email address.
Step 2: Log In and Navigate
Once your account is set up, log in and explore the platform.
- Log In: Use your credentials to log into your Coiin.ai account.
- Overview: Familiarize yourself with the Coiin.ai dashboard, and navigate to the “Validator Nodes” tab on the left menu panel.
Step 3: Enroll As A Validator
Proxy Validator Node
A Proxy Validator node involves staking your $COIIN against the network master node to earn rewards.
By staking your $COIIN tokens in a Proxy Validator node, you are contributing to the network’s security and efficiency. In return, you earn rewards, making it a profitable and essential activity within the Raiinmaker ecosystem.
- Enroll: Click the “Enroll” button.
- Terms of Service: Read and agree to the Terms of Service.
Independent Validator Node
An Independent Validator node requires running the Validator node software on your device.
By running the Validator node software on your own device, you become an Independent Validator. This means your computer or server will handle the important tasks of verifying transactions and maintaining the network’s integrity. In return for your contribution, you earn rewards, just like with a Proxy Node, but with the added benefit of contributing to a more decentralized and secure network.
- Download Software: Download the Validator software for your device. Select Android, iOS, macOS (10.12 and later), Windows
(Windows 7 64-bit and later) or Linux + other (kernel 2.6.23 and later). - Run Software: Execute the software on your device to generate a public key.
- Register Public Key: Paste the public key into the text box in the Independent Validator Node Status section and click the Register button.
- Agree to Terms: Confirm and agree to the Terms of Service.
Step 4: Monitor and Earn
- Dashboard: Your network statistics will be displayed here in real time.
- Micro Rewards: Earn small rewards every 30 minutes as long as your device is active and signing blocks.
- Burn $Coiin: Use the burn feature to enhance your rewards through multipliers.
Conclusion
By following these steps, you can effectively set up a Validator on Coiin.ai and start earning rewards.
If you have any questions, please check our FAQs, tutorial videos, or reach out for support through our community channels or by email at support@raiinmaker.com.
About Raiinmaker
Raiinmaker is accelerating the next generation of Web3 utilizing decentralized AI and a human-powered network.
Raiinmaker’s distributed AI training network integrates the scalability of Web3 with decentralized AI, redefining value creation based on digital identity, behavior, and reputation.
Powered by the Raiinmaker Network, the Raiinmaker AI Super App boasts more than 100,000 users and aims to revolutionize the monetization of users’ contributions to AI infrastructure across sports, gaming, and entertainment by equipping users with the ability to train AI from their smartphones.
The app also provides seamless integration for users with native Web3 features including Identity Verification, NFT Minting, Token Creation, and AI-Powered Smart Contracts.
