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
- Issuance fee: amount of okt required to be paid by the project team to issue tokens
- Listing fee: amount of okt paid by the project team after listing
- 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.