Validator Incentive Program
In our attempt to decentralise, secure and grow the BitCanna network, we actively look for experienced validators to expand the validator set of our blockchain. Therefore, we’d like to introduce you to the Validator Incentive Program.
We invite validators with a proven track record in validating to participate in the Validator Incentive Program. As a member of the Validator Incentive Program, you will be able to earn a delegation from the BitCanna delegation pool. Early validators or validators providing additional services, products or contribute to the growth of the BitCanna blockchain are able to earn additional delegations.
To apply for the Program you can reach out to [email protected], make sure to include your track record in validating and any other relevant experience. We highly take into consideration if you have been running a validator in the BitCanna network before applying to the Program.
We review our Validator Incentive Program from time-to-time. Among other things, active members and proactive contributors will likely see increases in their delegations (and vice-versa).
- Vote on chain proposals
- Be on stand-by during scheduled chain upgrades
- Participate in BitCanna testnets
- Maintain an average monthly uptime of 98%+
- A minimum of 2% and a maximum of 20% validator commission
- Take measures to protect your validator (sentry nodes, key management)
- Setup a validator in the BitCanna network (duh 😉)
For certain services we will only reward X amount of validators, e.g. we do not deem it necessary to have 5000 snapshot providers.
As mentioned before, we review our Incentive Program validators from time-to-time.
Many Cosmos-SDK based chains (if not nearly all) have a top-heavy validator set and a long tail of validators with a relatively small share in the network. In order to battle this phenomenon, BitCanna will delegate to lower-ranked validators, and shuffle these around on a regular basis.