Ecosystem Validator

All you need to know about community validator pool

We’re putting this article together to explain how the Ecosystem Validator works. Our aim is to make it as easy to understand as possible. We’ll update the document if the community needs more clarification.

What is the Ecosystem Validator

The Ecosystem Validator was created to help people who don’t know how to run a validator, or aren’t interested in doing so, to still participate in the decentralization of the Trac indexer and earn rewards for it.
Its purpose is not to replace individual license purchases but to offer an alternative for those who lack the time or knowledge to use the license themselves. Participants in the Ecosystem Validator receive different rewards compared to individual validators.

The APY of the Ecosystem Validator will continue for the lifetime of Trac validation, but the rewards will be lower compared to the Individual Validator. As explained in a previous article, the individual license is expected to provide roughly three times more TAP APY than the Ecosystem Validator.

How it works

A google form for pledged deposit is now open here: Form

Participants who wish to join the Ecosystem Validator and be placed on the priority list for the TAP public round must provide the information in the form and deposit a minimum of 100 $TRAC from the same address as the form address. The form will be open until the 30th of May.

On May 30th, a marketing partner, Squirrelloot — a platform where users can earn rewards by actively contributing to their favorite community through engaging in meaningful social activities — will open the collection pool (details to be edited here soon). People can swap their $TRAC tokens to purchase a share of the collection pool. The pool will be open for 72 hours with a hard cap of approximately 1 million $TRAC tokens. (This is a swap, not staking; you are purchasing a percentage of the total pool ownership.)

$TRAC deposit will offer :

• Rewards from Ecosystem Projects in the form of airdrops at launch, based on the total amount of $TRAC contributed for the Ecosystem Validator.
• APY-based rewards from projects within the ecosystem that want to give back to the community or seek support for marketing initiatives.

Pool Share

The total amount of $TRAC collected will represent 100% of the Ecosystem Validator. Individual deposits will grant ownership of a share of the deposit pool and, consequently, the rewards associated with that portion of the validator.

This means that, in addition to receiving $TAP rewards APY for the lifetime of TRAC Core validation, depositors can also enjoy APY from various projects. The number of projects contributing rewards to the pool is expected to grow day by day.

Example:
If Joe decides to deposit 8,888 TRAC in the Ecosystem Validator for future rewards, and the pool ends up being 888,888 TRAC, Joe will control 1% of the Ecosystem Validator pool. As such, he will receive 1% of all the APY and rewards from different projects contributing to this pool, including future projects built on TAP and PIPE.

Deposit

The $TRAC deposit for participation in the Ecosystem Validator will be available starting from May 30th at 14:00 UTC.

In addition to the allowlist for the $TAP public launch, extra rewards will be added to the pool for each milestone achieved. These rewards will be distributed on a pro-rata basis according to the deposited assets. They are independent of the APY rewards and will be claimable by contributors at their respective Token Generation Event (TGE).

Milestones:

• 150,000 $TRAC in the Ecosystem Validator = $75,000 USD worth of $LPUNK + allowlist for their first 5 IDOs.(https://x.com/launchpunks)
• 350,000 $TRAC in the Ecosystem Validator = $150,000 USD worth of $FOXXI. (https://x.com/foxxiofficial)
• 600,000 $TRAC in the Ecosystem Validator = $150,000 USD worth of $SPOOKY. (https://x.com/GhostyCash)
• 888,888 $TRAC in the Ecosystem Validator = Bonus $TAP reward

We believe this pool will provide a good opportunity for small holders and non-tech-savvy whales to participate in decentralizing the indexer. We can’t wait to reveal more about what comes next.

Socials

Trac Systems Discord: https://discord.gg/trac
TRAC on X: https://x.com/trac_btc
TAP on X: https://x.com/tap_protocol
Pipe Protocol on X: https://x.com/PipeBtc
TAP Protocol Telegram : https://t.me/tap_protocol
Pipe Protocol Telegram: https://t.me/pipe_btc