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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. Note; these should not be run from your validator for security reasons), 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) Note; these should not be run from your validator node for security reasons.
  • 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: -

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 June 2023, we have in total a delegation budget of 36 million BCNA for all the categories (note: due to some corrections after the delegations were done this amount is increased to 36.15 million BCNA). A couple of these get a fixed fee:
  • Snapshots (150k BCNA delegation)
  • Statesync (40k BCNA delegation)
  • Archive nodes (750k BCNA delegation)
  • RPC nodes (40k BCNA delegation)
  • Relayers (200k 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 216462.59 BCNA. This means that:
  • A "Yes" gets a delegation of 216462.59 BCNA
  • A “Small” gets a delegation of 108231.29 BCNA
  • A “Medium” gets a delegation of 216462.59 BCNA
  • A “Large” gets a delegation of 324693.88 BCNA
  • “Innovation” gets a delegation of 21646.26 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 services to subscribe to the program. We will communicate this via our social channels as well as via the validator chats on Discord.
The input received will be assessed and included in the program if approved. Results for the most recent round can be found below.
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.

Current delegations

polkachu.com
Tech support (Medium), Snapshots, Statesync, RPC node, Relayer (2), Data analytics
1062925,17
🐔 The Chicken Coop 🦝
Tech support (Medium), Relayer (2)
616462,585
jabbey
Tech support (Small)
108231,2925
KJINC.io
Testnet node, Snapshots, RPC node, Relayer (2)
806462,585
SGTstake
Archive Node, RPC node
790000
Cosmostation
Wallet (Large), Explorer (Large), Tech support (Small), Data analytics
974081,6327
kjnodes
Explorer, Tech support (Small), Testnet node, Snapshots, Statesync, RPC node, Relayer (3), Others live (Medium)
1587619,048
mintthemoon
Tech support (Small), Statesync, RPC node
188231,2925
Safe Block
Testnet node, Statesync, RPC node, Relayer (1)
496462,585
Stake.Works | Bitcanna
Tech support (Small), Testnet node
324693,8776
Stakeme.io
Snapshots, Statesync, Others live (Small)
298231,2925
genznodes
Snapshots, Statesync, RPC node, Relayer (3)
830000
Indonode
Testnet node, Snapshots, Statesync, Relayer (3)
1006462,585
AVIAONE
Tech support (Large), Testnet node, Snapshots, Statesync, RPC node, Marketing-education (Large), Others live (Medium)
1312312,925
BlockHunters 🎯
Testnet node, RPC node, Relayer (4)
1056462,585
AlxVoy ⚡ ANODE.TEAM
Testnet node, Snapshots, Statesync, Relayer (2)
806462,585
🦊 The Silver Fox
Tech support (Medium), Testnet node
432925,1701
bonded.zone ⚡
Testnet node, Statesync, Marketing-education (Small)
364693,8776
🔥STAVR🔥
Explorer, Tech support (Medium), Testnet node, Snapshots, Statesync, RPC node, Relayer (3), Others live (Small)
1587619,048
Midora
Testnet node
216462,585
KonsorTech
Wallet (Small), Testnet node, Snapshots, Statesync, RPC node, Relayer (3)
1154693,878
NODEJUMPER
Testnet node, Snapshots, Statesync, RPC node, Relayer (2), Data analytics, Others live (Small)
1171156,463
Panthea EU
Snapshots, Statesync, RPC node, Relayer (3), Others live (Medium)
1046462,585
cryptech
Testnet node, Statesync
256462,585
Cryptosailors
Testnet node, Snapshots, Statesync
406462,585
Stakely.io
RPC node, Relayer (2), Marketing-education (Small), Others live (Medium)
764693,8776
maxfoton
Statesync
40000
Cybernodes
Testnet node, Marketing-education (Small), Others live (Small)
432925,1701
Hexnodes
Testnet node, Snapshots, Statesync, RPC node, Relayer (1), Marketing-education (Small)
754693,8776
Oldcat
Testnet node
216462,585
Citizen Cosmos
Marketing-education (Small)
108231,2925
L0vd.com
Snapshots, Statesync, RPC node, Relayer (1), Others live (Small)
538231,2925
Inter Blockchain Services
Tech support (Medium), Testnet node, Snapshots, Statesync, RPC node, Relayer (6)
1862925,17
arcryptorg
RPC node
40000
CosmoWiz
Testnet node, Snapshots, Archive Node, RPC node, Relayer (5), Data analytics
2372925,17
Paranormal Funky Bros.
Tech support (Medium), Testnet node, Snapshots, RPC node, Data analytics
839387,7551
Arcturian Tech
Explorer (Small), Tech support (Large), Testnet node, Marketing-education (Small)
757619,0476
Stakewolle.com | Auto-compound
Others live (Small)
108231,2925
bitszn
Tech support (Small), Testnet node, Statesync, Archive Node, RPC node, Relayer (5), Data analytics, Others live (Small)
2479387,755
Kalia Network
Wallet (Medium), Explorer (Medium), Testnet node, Snapshots, Statesync
839387,7551
POSTCAPITALIST🎩 | soon rename to DOBLETOP
Testnet node, Data analytics
432925,1701
ALKIA 🟢🟢🟢
Statesync, Data analytics
256462,585
Nodiums
Tech support (Small), Testnet node, Statesync, Archive Node, Relayer (5)
2114693,878
MMS
Testnet node, RPC node, Relayer (1), Marketing-education (Small), Others live (Medium)
781156,4626
⚛️NodeOf Cosmonauts - BitCanna🧑‍🚀
Tech support (Small), Archive Node
858231,2925
ping.pub
Wallet (Large), Explorer (Large)
649387,7551
MultVR
Testnet node
216462.59
StakePool
Tech support (Medium), Statesync, RPC node
296462.59
SmartNodes
Marketing (Medium)
216462.59