Reward distribution

1. Role definition

Name Definition Election Condition Quantity
Candidate Users who have registered Validator on the chain Unlimited
Validator Exercise the right to generate blocks and enjoy the right of on-chain governance Top 21 nodes with the highest number of okt delegations to be the validators in the next cycle 21
User A user holding okt Hold okt Unlimited
Delegator A user who can enjoy the reward from the validator Vote on a node which will become a validator after the next election Unlimited
Proposer Pack transactions and notify other validators for verification Generate a sequential list of proposers based on the number of pledged okt and voting okt of each validator and each validators may become a proposer Only one each time

2. Reward source

  • All transaction related fees (fee)
  • Other fees
    1. Issuance fee: amount of okt required to be paid by the project team to issue tokens
    2. Listing fee: amount of okt paid by the project team after listing
    3. Deduction for proposal failure: n odes need to deposit a certain amount of okt for a proposal. If the proposal fails, the amount of pledged okt is deducted

3. Distribution period & Dividend strategy

25% of the Reward goes to active validators and 75% goes to all validators(include active validators and candidate validators) calculated from a percentage of the votes received.

Reward allocation calculation is performed once for each block, and the reward will be deposited into the ValidatorAccumulatedCommission.

validators need to collect it manually.