Validate on the Warring Stakes Testnet

Test your validation setup on our incentivized testnet challenge

 

Join Warring Stakes Now

Here's your opportunity to put your validation and mining skills to the test for a chance to win mainnet MTRG tokens! Test your validation setup and help us uncover any vulnerabilities before our mainnet launch.

Apply Now

Key Phases:

  • Dec 2019 - Testnet starts
  • Jan 2020 - Increase number of nodes to 100
  • March 2020  - Launch MTRG on-chain auction test
  • June 2020 - Mainnet launch practice
  • July 2020 - Stability and economics improvements
  • After July 2020 - continue as the official testnet

Why Join Warring Stakes?

  • Earn mainnet MTRG tokens
  • Gain an early-mover advantage
  • Build, test, tweak, and optimize your mainnet node at an early stage
  • Compete and network with like-minded, blockchain enthusiasts
  • Contribute to the strengthening of the Meter network

Bug, Development and Community Bounty

Incentive structure: 

  • Every testnet participant will earn points in the Warring Stakes competition. The points will be updated in GitHub every week. Participants will divide the final MTRG and MTR reward pool based on their points.
  • Since all MTR tokens have to be mined through PoW, the Meter team will purchase MTR tokens from the current miners on the testnet for the reward pool.
  • Additional bounties will be announced on our social media channels. Basically we need help in development, ecosystem and community.  Please do not hesitate to reach out to us if you have any ideas.
  • Please refer to these guidelines on Github

FAQs:

  • Can I get started now?

Yes! Simply click on the Warring Stakes’ Incentivized Testnet Competition link and join the fun!

The sooner you start, the sooner you can plan your validation setup and strategize to collect as much stake as possible!

  • What does a validator do?

A validator is responsible for running a full node on the Meter network and participates in consensus by broadcasting votes. 

The main role of a validator is to commit new blocks to the chain. Validators receive a network reward in exchange for their services. 

Validators’ must also vote on new network proposals. Their voting power is weighted according to the stakes that are delegated to them, regardless of whether the stakes are self-delegated or delegated by other network participants.

  • How does delegation work on Meter?

The weight of each validator on the Meter network is determined by the number of tokens that have been bonded to its node as collateral. 

Network participants can stake their tokens with any validator node thus delegating their voting power to the validator node they chose. 

Delegators receive a reward for each block that their chosen validator commits to the chain. 

The delegator’s reward is calculated in accordance with the size of the stake bonded to the validator and the percentage charged by the validator node operator. 

  • How do I run a node?

Please follow the steps in this document: https://github.com/meterio/warringstakes/

  • What will I need to participate?

The minimum requirement is 2 vCPU, 4GB memory, and 100GB SSD. 

The ideal configuration is compute-optimized instance with at least 8 vCPU, 16GB memory, and 1TB of SSD  (for example AWS c5.2xlarge).

  • How do I stay up-to-date with the Warring Stakes competition?

All competition updates will be published on our Discord server first. Please join Discord for regular updates, also for exclusive challenges with bonus stake!

We will also have weekly rankings updates on Github. 

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