#CATENA_Network
#CMCX_Coin
Validator Portal requirement announcement (https://operators.coremultichain.com/):Dear CORE Community,
First of all, we would like to congratulate you all on the CORE Mainnet soft launch, and to express our warm gratitude for your support through this journey.
Similar time tomorrow, the Validator Portal page will be accessible to all users.
There will be a total of 24 Validator Nodes, 4 of which will be Project Managed, and 20 will be community owned.
At this stage the first 8 Nodes will be activated:
⁃ 4 NODES: Managed by the CORE
⁃ 2 NODES (Dedicated): For Individuals or Organizations
⁃ 2 NODES (Delegate): Shared between usersHere are the requirement and information of being granted a Validator position:
There are going to be TWO types of Validators:
1. Dedicated ⁃ Min. Period: 2 Years
⁃ Rewards:
• Staking APY: 65%
• Block Reward: 64 CMCX/Block
• Percentage of Transaction Fees
⁃ Renewable for 1 Year upon requirement fulfillment
⁃ Unlocking Period (Node replacement): 3 weeks
⁃ An online interview might be required.
2. Delegate ⁃ Min. Period: 1 Year
⁃ Rewards:
• Staking APY: 57%
• Block Reward: 64 CMCX/Block (Shared between the delegators)
• Percentage of Transaction Fees
⁃ Renewable for every 90 days
⁃ No Unlocking period
The application procedure is as follows:
• Register in the Validator Portal
• Fill in all the required information
• Wallet address:
• For Full Node Validator applications Min. 6.4 Million of CMCX balance;
• For Delegators applications Min. 100,000 CMCX balance (subjected to change).
*NOTE1: These procedure and requirements are for the first 4 Validators.
*NOTE2: Other nodes such as Observers, Defenders, etc., will be revealed after the Mainnet’s full launch.
*NOTE3: Approved users will be granted limited access to the Mainnet prior to the full launch.
Remember, this is only the very beginning of the CORE Journey.
TOGETHER WE GROW
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