Gnosis Builders is excited to announce GnosisVIP, a program aimed at increasing the number and diversity of validators on the Gnosis Chain network. The first GnosisVIP initiative, the “Geographic Diversity Program”, was launched on April 19th and is designed to boost the number of countries with Gnosis Chain validators.
Already, Gnosis Chain has over 100,000 validators, spread across 60 countries. The goal of this incentive program is to further diversify the network to have validators in at least 100 countries by the end of the year.
As part of the Geographic Diversity Program, we are offering 14 GNO (~ $1,600), to 10 validators from 104 countries, for operating over a 6 month period from the program start date (April 19, 2023). Eligible validators will be able to claim their GNO bounty on a monthly basis in accordance with the following schedule:
Bounty reward eligibility depends on duration of validation and the location of the validator.
In order to be eligible for the bounty rewards, validators must be operational for a minimum of 6 months, starting after April 19, 2023. Validators who continue to operate for a period of 12 months, can claim their bounty rewards every 3 months, from the 6th month onwards.
To claim the bounty rewards, validators must also be located within one of the 104 eligible countries:
Validators that wish to participate must indicate their intention to claim rewards via the Geographic Diversity Program claims page. Eligible validators must request to claim their bounty every 3 months, from 6 months onward, in order to receive your rewards. Validator eligibility will be verified each time before a bounty can be claimed. Verification can take up to 30 days. Once you have requested your reward and been verified, your associated withdrawal address will be credited with the bounty reward within 60 days.
In conclusion, the GnosisVIP initiative aims to incentivize the creation of more validators on the Gnosis Chain network. The Geographic Diversity Program seeks to increase the number of countries with validators and reward network contributors with GNO tokens. This is an important step towards strengthening the network and promoting decentralization, which is essential for the long-term success of Gnosis Chain.
Gnosis Chain is committed to making it easy for anyone around the globe to run nodes and validators. At its core, it is important to have a diverse set of validators with nodes running across many countries. For more details on setting up nodes and running validators, head over to ValidateGnosis.com.
Stereum provides a fast and easy way for solo stakers to set up their validator nodes within minutes. The easy-to-use, flexible and free Graphical User Interface (GUI) allows users to validate with just one click, eliminating complicated setups and allowing as many people as possible to participate at a network level, keeping the network decentralized and neutral.
If you’re interested in using Stereum with your validator, check out these resources:
Gnosis Builders will also be hosting periodic live validator workshops, where we'll take you through the step-by-step process of setting up your Gnosis validator. Sign up for our upcoming workshop.
If you require support please fill out this form designed to assist validators who are experiencing issues with the claim process. By providing relevant information, including your contact details, a clear description of the issue, you enable our technical support team to understand the problem and work towards a prompt resolution. Your feedback is valuable, and our team is committed to addressing your concerns and ensuring a smooth claim process experience.
We also recommend joining our Validator Community Telegram group for further assistance and to connect with fellow validators.
Join our validator community: t.me/GnosisBuildersCommunity/11280
GnosisVIP support form: VIP-Support-Form
Reach out for support & resources: gnosis.builders/contact-us
Use Gnosis Chain apps: gnosis.builders/users
Find the right wallet for you: gnosiswallets.com
Get free xDai: gnosisfaucet.com
Build on Gnosis Chain: gnosis.builders/developers
Become a validator: validategnosis.com
Deposit & stake mGNO: mgno.validategnosis.com
Monitor validators: gnosispools.info
Gnosis Chain Stats: gnosismetrics.com
Decentralization metrics: d14n.info
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Update June 9th, 12:00PM ET: Updated to change the reward token from mGNO to GNO, and simplified the rewards distribution schedule.