If you want to be the first in the wait list, you must stake 200K NOIA to be in the number one spot wait list.
Are you sure? I see the apr for validators is currently 25.02% which means not all top 500 are staking maximum amount?
This probably means that somebody in the 499th/500th slots are not staking full 200k. This means that with 200k you could push them out
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