Setup as a Validator

Step by step guide to bond TICS tokens and onboard as a validator.

Validators are essential to securing the blockchain, validating transactions, and proposing blocks. The process involves submitting the required details through the form, which are then recorded on the blockchain. Once validated, the new validator either joins the active set or waits based on the network's staking rules. After setup, the validator’s information becomes visible in the validator list, allowing delegators to view their details and delegate tokens.

Step 1:

Click on the "Setup as a validator" button

FR 3.001: Setup as a Validator Form Fields

The "Setup as a Validator" form is a crucial step for registering as a validator on the Qubetics platform.

• FR 3.001a: Name Enter the name of your validator (e.g., "QubeticsGuardian"). This name serves as the primary identifier for your validator on the network. It helps delegators and other participants recognize and differentiate your validator among others.

• FR 3.001b: Description Provide a brief description of your validator. The description allows you to highlight your validator’s mission, values, and unique features.

• FR 3.001c: Website Enter your validator's website or contact URL (e.g., "https://xyz.com").
• FR 3.001d: Identity Enter the username or unique identifier of your validator (e.g., "Validator_123").

• FR 3.001e: Security Contact Provide the email address linked to your validator's security setup. This email will serve as the primary point of contact for important updates from Qubetics. If any major updates or changes are announced. In that case, this security contact will ensure that you, as a validator, stay informed and up-to-date with the latest developments provided by Qubetics to its validator community.

• FR 3.001f: Next Button Once all fields are filled in, click Next to proceed. The "Next" button validates the input data and saves it for further steps in the validator setup process.

Step 2:

The "Step 2" asks for bond token details for participation in the network.

• FR 3.002a:

  • Stake/Bond Amount: Enter the number of TICS tokens you want to bond for validator staking.

  • Max Button: Clicking this button automatically fills in the maximum number of tokens available in your wallet for staking.

Bonding tokens secure your validator’s position in the network. These staked tokens act as collateral, ensuring your commitment to validation activities and the security of the blockchain. Validators with higher stakes are more likely to participate actively in block production and consensus.

• FR 3.002b: Commission (%) The commission settings determine how much of the staking rewards the validator retains as compensation for their services.

  • Max Rate Specify the maximum commission rate that the validator can charge delegators (e.g., between 0.05 and 1).

  • Initial Rate Set the starting commission rate (e.g., ≥ 0.05 or ≤ Max Rate). Defines the validator's initial reward share.

  • Max Change Rate Enter the maximum percentage by which the commission rate can increase (e.g., ≥ 0.05 or ≤ Max Rate).

• FR 3.002C: Bond and Validate Button Once all the fields are filled, click the Bond and Validate button to finalize your validator setup. This action bonds the specified tokens, sets the commission parameters, and registers the validator with the blockchain.

Upon successful submission, the validator becomes part of the network and starts participating in validation activities, provided the network's minimum staking criteria are met.