menu
Back to blog
CrossFi Chain Testnet
9 Steps Guide for Validators to Obtain a Grant

Incentives for validators in the CrossFi Chain Testnet are primarily designed to ensure uninterrupted and decentralized operation of the blockchain. These incentives play a crucial role in motivating validators to actively participate, secure the network, and maintain its integrity.

The general goals of CrossFi Chain EVM Testnet:

The information on the distribution of awards to validators:

The key eligibility criteria for the Validator Grant Program is being one of the top 64 validators. The rating reflects the total MPX staking amount. But even if you are on the TOP 64 list, it does not guarantee you will receive a grant. During the CrossFi Chain Testnet, validators are required to meet certain criteria in order to participate and contribute to the network's stability and security. This affects the final list of the top 64 throughout the initiative program. Everyone has a chance to rise in the ranking and claim a win.

There are 9 main criterias. Check yourself.

1. Node functionality, its stability, and minimal block skipping

Validators must ensure that their nodes are fully functional and able to perform all the necessary operations required by the network.

Validator nodes need to exhibit high levels of stability to contribute to the overall health of the network.

Block skipping refers to a situation where a validator fails to validate and propose blocks consistently. During the CrossFi Chain Testnet, validators are expected to minimize block skipping as much as possible.

2. Availability of dedicated infrastructure for the node, aiming for maximum decentralization and special attention to the hardware, specifically ensuring that the node is not deployed on public VPS

Validators are encouraged to have dedicated infrastructure for running their nodes. This means utilizing hardware resources that are exclusively dedicated to the validator node's operation.

Decentralization is a fundamental principle of blockchain networks, including testnets. CrossFi Chain Testnet places importance on maximizing decentralization by encouraging validators to operate independently and avoid relying on centralized hosting providers or services.

Deploying the validator node on public VPS is discouraged during the CrossFi Chain Testnet. Public VPS providers generally have shared resources, and the performance and security of the node can be compromised due to factors beyond the validator's control.

3. Availability of various services such as RPC/API for working with the node and the blockchain

Validators should make RPC available to allow external applications and users to communicate with their nodes.

Validators should offer well-documented APIs that allow developers to integrate their applications seamlessly with the network.

4. Development of comprehensive documentation for node usage, deployment instructions, and various materials to facilitate blockchain operations

Validators can enhance their documentation efforts by providing additional materials that facilitate blockchain operations. This may include tutorials, examples, code snippets, and best practices for developing smart contracts, interacting with the blockchain through APIs, integrating with external systems, and other related tasks.

5. Availability of tools for monitoring validator performance, explorers, and other resources that help transparently interact with the node

Validators should provide monitoring tools that allow users and other stakeholders to track the performance and health of their validator nodes.

6. Proper presentation of the node, avatar, contact information, and complete information on rewards and fees

Validators should present their nodes in a professional manner to instill trust and confidence among users and stakeholders. This can involve creating a dedicated website or webpage that provides information about the validator, its mission, and its contributions to the network.

Validators should prominently display an avatar or logo that represents their identity within the CrossFi Chain EVM Testnet.

Validators should provide clear and comprehensive information about the rewards and fees associated with delegating or staking coins with their node.

7. Having your own community and timely communication of various project activities to the community, as well as preparing educational materials for users

Validators should actively engage in building and nurturing their own community of users, supporters, and stakeholders. This can be achieved through various means such as social media channels, dedicated forums, chat groups, or mailing lists.

8. Being on the TOP 64 validator list (this criterion can increase your chances of receiving a grant)

This criterion allows you to increase your chances of receiving a grant, but it is not the main criterion.

9. Deploying the node in the mainnet and developing it to provide a service

Validators should showcase their capability to deploy their nodes in the mainnet environment. This involves transitioning from the testnet to the live production network, ensuring the stability, security, and reliability of their nodes in a real-world setting.

Thoroughly studying and monitoring the criteria for validators during the CrossFi Chain Testnet is crucial to ensure that all grant applicants meet the established standards. This diligent evaluation process helps maintain the integrity, security, and effectiveness of the network.

We believe in you! Join us!

2266
0 comments

Show more (0)
Thanks
for subscribing

You will receive only the most interesting news from the world of finance

Read our blog
.01you may also like
CrossFi Chain Testnet
CrossFi Chain EVM Tesnet in 2 weeks 06 Mar 2024 • 1 min read
DeFi
CrossFi Analysis: DeFi Trends of 2024 04 Mar 2024 • 2 min read
NFT
10 Key Business Insights and Trends from NFT Paris 2024 The recent NFT Paris 2024 event was a melting pot of innovation, art, and technology, bringing together enthusiasts, creators, and business leaders from around the globe. As an advisor for CrossFI, I ... 27 Feb 2024 • 2 min read
Crypto
Beyond the Chain: A deep dive into CrossFi 23 Feb 2024 • 5 min read
Announcement
CrossFi Successfully Launches EVM Testnet on Coinlist 23 Feb 2024 • 2 min read
Finance
How does inflation decrease the value of your money over time and how do we hedge against it? Inflation is a rate at which the prices for goods and services are rising in a currency, the value of which falls over time. The inflation rate is both controlled and influenced by the central banks s... 19 Feb 2024 • 2 min read
Partnership
CrossFi partners with Subsquid to be its data provider to power Next Generation dApps CrossFi partners with Subsquid to be its data provider to power Next Generation dApps 16 Feb 2024 • 5 min read
Partnership
CrossFi picks DIA as its Cross-Chain Oracle Provider to Power its Chain CrossFi has partnered with DIA, a cross-chain oracle provider, to power its L1 blockchain and apps. Oracles are the bridge that connects the blockchain with off-chain and real-time data like interest ... 15 Feb 2024 • 2 min read
Partnership
Cross Finance picks Bware Labs as its Infrastructure Partner Cross Finance picks its infrastructure partner, Bware Labs, for its industry’s highest-performance and most reliable development tools and services. 13 Feb 2024 • 1 min read
Partnership
Cross Finance and Covalent announce partnership to create a seamless and transparent transaction system Cross Finance has partnered with Covalent, a unified blockchain API provider to power a seamless experience to users and builders on the CrossFi blockchain. 13 Feb 2024 • 1 min read
Crypto
How to Buy Crypto On Decentralized Exchange? This comprehensive guide will walk you through DEXs, how to choose the right one and the step-by-step process of purchasing crypto on a DEX. 17 Sep 2024 • 5 min read
Crypto
How to Pay With Cryptocurrency This guide will provide an in-depth look at everything you need to know about using cryptocurrency for payments. 17 Sep 2024 • 5 min read
Crypto
Crypto Safety: How To Stay Safe in Crypto By following the guidance in this blog, you can take control of your crypto security and protect your investments in this exciting and dynamic space. Stay safe and secure as you navigate the world of ... 04 Sep 2024 • 5 min read
Crypto
Crypto Card: A Comprehensive Guide by CrossFi 2024 In this blog, we’ll explore what a crypto card is, the different types available, how they work, their benefits, and how to choose the right one for your needs. 27 Aug 2024 • 5 min read
Finance
A Guide to Web3 in Banking The impact of the CrossFi Web3 banking app on the future of banking 22 Aug 2024 • 5 min read
Crypto DeFi
DeFi Security: How to Protect Your Crypto Assets In this blog, we'll explore practical tips and best practices to help you safeguard your investments and build a strong defense against potential risks. 20 Aug 2024 • 5 min read
Cross Finance DeFi
How Cross-Chain Technology is Shaping the Future of DeFi In this blog, we will explore how cross-chain technology is shaping the future of DeFi and highlight the role of CrossFi in advancing this transformative innovation. 16 Aug 2024 • 3 min read
DeFi
Is Smart Contract Safe? The Backbone of Decentralized Finance In this blog, we'll explore the key aspects of smart contract security and how it underpins the entire ecosystem of decentralized finance, ensuring a secure and reliable future for blockchain technolo... 13 Aug 2024 • 3 min read
Crypto
XFI – The Up-and-Comer Coin Revolutionizing Crypto Banking In this blog, we discuss how XFI is different from any other token in crypto today. 11 Aug 2024 • 3 min read
Cross Finance
Hackathon # 1 – Boost XFI Utility (Update) Here is everything new with Hackathon # 1 - Boost XFI Utility. 03 Aug 2024 • 3 min read
License