QUESTION 11: As Baseledger will be having a structure of

Question

QUESTION 11: As Baseledger will be having a structure of

fee based rewards on usage of the network. Will there be enough network activity at the start to ensure that stakers will be rewarded?

The usage fees are split among the validators by the amount of validations they ensured (=revenue share). Any validator offering proxy staking will have to define which part of that revenue share he distributes among his proxy staky stakers. How much that is will be dependent on the adoption of the network, we can not give any guarantees for month 1, month 2 and so on.

But for the first set of council members: They all accepted (by by-laws) that it is mandatory to operate a validator node with at least 50.000 UBT. So this will ensure a startup setup, independant from the usage.

We will work on adoption and always have options like bootstrapping the baseledger ecosystem at the beginning of the network manually, but let’s not guess, but rather work on adoption so that the token model plays out well.

#cryptocurrency #english #unibright

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16.12.2021

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Nunya · Accepted Answer

Nunya

>But for the first set of council members: They all accepted (by by-laws) that it is mandatory to operate a validator node with at least 50.000 UBT. So this will ensure a startup setup, independant from the usage. Honestly I just want to see another 350k UBT locked up and get a peek under the hood of the staking contract.

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30.03.2022

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