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Validator Incentive Program

The BitCanna chain is supporting the network and the services of BitCanna. Currently 100 validators are securing our blockchain. To reward validators doing more than just validating, but are also offering services to BitCanna we have started a Validator Incentive Program (VIP). Across various categories ranging from technical services to marketing and educational services validators can earn team delegations. This page shows the various categories recognized for the services, how the size of the delegation is determined, how we go about with new rounds of delegations and who has received a delegation in the current round of the VIP (which validator, which service and which size).

Categories recognized as services for BitCanna

The services we recognize are described below. Per category the description of the service is given and the prerequisite we use to assess eligibility.
  • Wallet
    o Description: providing a wallet where users can manage their funds
    o Prerequisite: free validator choice, users should control their own private keys, code should be open-source
  • Explorer
    o Description: providing an explorer to be used to see wallet balances and block history
    o Prerequisite: using own resources (e.g. LCD endpoints), being able to load all blocks from block 1 to the actual block height (the database may not be pruned)
  • Technical support
    o Description: providing technical support in our Discord channels with fellow validators and the team
    o Prerequisite: quality and amount of the support
  • Testnet nodes
    o Description: supporting the testnet(s)
    o Prerequisite: run a node, being active in testnet governance, available for testnet upgrades, member of the devnet channel in Discord
  • Snapshots
    o Description: providing snapshots to be able to bootstrap a node on the BitCanna network quickly
    o Prerequisite: working link, instruction how to use the snapshot included
  • Statesync
    o Description: providing instruction and method how to statesync a node on the BitCanna network
    o Prerequisite: working link, instruction how to statesync or use the script included
  • Archive nodes
    o Description: providing an unpruned database of the blockchain history
    o Prerequisite: approachable via a link, should contain all blocks from the beginning, database must be unpruned
  • Public RPC nodes
    o Description: providing an RPC node where queries can be made to obtain data from the blockchain
    o Prerequisite: accessible URL, tx-index = on, node needs to be synced, information should be uploaded to the BitCanna github page (https://github.com/BitCannaGlobal/bcna/blob/main/peers_seeds_and_services.md)
  • Relayers
    o Description: running relayers between chains which are relevant for BitCanna, enabling IBC transactions. This can either be on mainnet or on the testnet, if applicable
    o Prerequisite: active relayer, supporting the right channels, involved in the dedicated Discord group for relayers, relayer address shared with the team, relayer address should show recent IBC transactions
  • Data analytics
    o Description: providing data analytics for insights in blockchain usage, delegation statistics, network monitoring, p2p monitoring, chain health monitoring and more
    o Prerequisite: data should be accessible and useable. Advantages if data can be exported and for innovative analyses
  • Marketing / education
    o Description: providing marketing and education around BitCanna towards (crypto) audience. Content around learning others about the goals of BitCanna and helping us grow (bigger)
    o Prerequisite: high quality marketing and education, easily accessible for interested people, active communication
  • Others
    o Description: all other services which are delivered but which are not included in the aforementioned categories
    o Prerequisite: -

To be updated after the new round has been concluded early June 2023: Determining the delegation amount

All services will be checked on the mentioned prerequisites. All services are ranked with either a simple “Yes / No” (for example for RPC nodes, statesync; things which either work or don’t work) or are ranked in 3 levels, namely “Small / Medium / Large” based on the audience the service has (for example for explorers and wallets). And lastly we have introduced a level of delegations for new innovation, which will be given to validators who are in the start-up phase of their service which are looking promising or to complete new type of services which are completely different from other services.
For our current delegation program running from January 2023, we have in total a delegation budget of 35.2 million BCNA for all the categories, except the “Others” category. A couple of these get a fixed fee:
  • Snapshots (200k BCNA delegation)
  • Statesync (50k BCNA delegation)
  • Archive nodes (750k BCNA delegation)
  • RPC nodes (50k BCNA delegation)
  • Relayers (300k BCNA delegation per channel)
After substracting the delegation amount required to reward these services, we distribute the remaining delegation budget over the rest of the services. This is done by giving points for each service. A “Yes” gets 1 point, a “Small” gets 0,5 point, a “Medium” gets 1 point, a “Large” gets 1,5 point and the Innovation tag gets 0,1 point. In our current execution 1 point is worth a delegation of 274962.7 BCNA. This means that:
  • A "Yes" gets a delegation of 274962.7 BCNA
  • A “Small” gets a delegation of 137481.3 BCNA
  • A “Medium” gets a delegation of 274962.7 BCNA
  • A “Large” gets a delegation of 412444.1 BCNA
  • “Innovation” gets a delegation of 27496.2 BCNA

New delegations

Every 4 months (so 3 times per year; in January, May and September) we will review the delegations given. During this period we will also open up the form again, to allow validators with new services to subscribe to the program. We will communicate this via our social channels as well as via the validator chats on Discord.
These will be assessed and included in the program if approved. During this period we will also assess the existing delegations and adjust accordingly if there are any changes.
Note that the amount of $BCNA per earned point can change based on the amount of service providers. So even though your services offered might remain the same, the delegation amount can go up (a bit) or down (a bit) based on the total amount of points rewarded for the services offered by all validators.

To be updated after the new round has been concluded early June 2023: Current delegations

Depomytymoped
Testnet node, Relayer (2)
874962.7422
mintthemoon
Wallet (Small), Tech support, Statesync, RPC node
512444.1133
Safe Block
Testnet node, Relayer (1)
574962.7422
Panthea EU
Statesync, RPC node
100000
polkachu.com
Tech support, Snapshots, Statesync, RPC node, Relayer (2)
1174962.742
ThePodocasts
Marketing-education (Large)
412444.1133
SGTstake
Archive Node, RPC node, Relayer (2)
1400000
The Silver Fox
Tech support, Marketing-education (Innovation), Staking service (Small)
439940.3875
AVIAONE
Tech support, Testnet node, Snapshots, Marketing-education (Large)
1162369.598
Paranormal Brothers
Tech support, Testnet node, Snapshots, Data analytics
1024888.227
OurLink | ValidatorNode
Marketing-education (Small)
137481.3711
STAVR
Tech support, Testnet node, Snapshots, Statesync, Marketing-education (Innovation)
827421.7586
Nodejumper
Tech support, Snapshots, Statesync, RPC node, Data analytics
849925.4844
moodman
Marketing-education (Innovation)
27496.27422
cyberomanov
Marketing-education (Innovation)
27496.27422
AlxVoy
Tech support, Testnet node, Snapshots, Statesync, RPC node, Relayer (2)
1449925.484
StakeLab
Relayer (2)
600000
Stake.Works | Bitcanna
Testnet node
274962.7422
ProNodes
Statesync, RPC node, Marketing-education (Small)
237481.3711
Inter Blockchain Services
Tech support, Testnet node, Statesync, RPC node, Relayer (7)
2749925.484
KJINC.io
Tech support, Testnet node, Snapshots, Relayer (1)
1049925.484
[NODERS]TEAM
Statesync, RPC node
100000
Forbole
Tech support, RPC node
324962.7422
bonded.zone
Tech support, Testnet node, Statesync, RPC node, Marketing-education (Large)
1062369.598
KonsorTech
Tech support, Testnet node
549925.4844
DappLooker
Data analytics
274962.7422
OtterSync
Marketing-education (Innovation)
27496.27422
Midora
Testnet node
274962.7422
Kalia Network
Wallet (Medium), Tech support, Testnet node, Statesync, RPC node, Marketing-education (Innovation), Staking service (Medium)
1227347.243
Arcturian Tech
Testnet node, Marketing-education (Innovation), Staking service (Small)
439940.3875
Ping
Wallet (Large), Explorer (Large), Tech support, Statesync, Staking service (Large)
1562295.082
kjnodes
Explorer (Small), Snapshots, Statesync, RPC node, Relayer (1)
737481.3711
cryptech
Testnet node, Statesync, Staking service (Small)
462444.1133
BlueStake
Relayer (2)
600000
Stakely.io
Tech support, RPC node, Relayer (2), Marketing-education (Large)
1337406.855
🐔 The Chicken Coop 🦝
Relayer (1)
300000
StakePool
Tech support, Snapshots
474962.7422
bitszn
Testnet node, Snapshots, Statesync, Archive Node, Relayer (6)
3074962.742
Lavender.Five Nodes
RPC node, Relayer (2)
650000
Cybernodes
Tech support, Testnet node, Marketing-education (Large)
962369.5976
Cosmostation
Wallet (Large), Explorer (Large), Data analytics, Marketing-education (Large), Staking service (Large)
1924739.195
Nodiums
Testnet node, Snapshots, Statesync, Relayer (5)
2024962.742
Stakewolle
Explorer (Innovation), Marketing-education (Large)
439940.3875
Long Street Nodes
Marketing-education (Innovation)
27496.27422
ALKIA
Marketing-education (Innovation)
27496.27422
DaiCazzo
Marketing-education (Innovation)
27496.27422
Notional
Tech support, Relayer (1)
574962.7422