Dear user：
The CoinEx Chain Foundation will open the CoinEx Chain Global Nodes Election Recruitment at 8:00 on October 16, 2019 (UTC). The Foundation aims to introduce credible, resourceful and reputable institutions and organizations in the blockchain industry to join us in building the ecosystem of CoinEx Chain.
1. Costs and Hardware Requirements for the Nodes
1) Stake 5 million CET on the chain
2) Server hardware requirements for running a node are as follows
|
Configuration Category |
Normal Configuration |
Recommended Configuration |
Notes |
|
CPU |
Quad-core |
Quad-core |
Similar to AWS t3.large or t3.xlarge |
|
Memory |
8G |
16G |
|
|
Hardware |
300G SSD |
300G SSD |
With an increase by around 6G every month, it is advised to adopt the scalable EBS service. |
|
Network |
General purpose |
General purpose |
Similar to the network of AWS t3.large. Up to 5 Gigabit |
|
System |
Ubuntu 18.04 64bit |
Ubuntu 18.04 64bit |
2. Returns on Valid Validators
The first 42 on the rankings of the voting power obtained by the staking are valid validators. Such valid validators can generate returns, mainly consisting of the transaction fee and block reward.
Transaction fees consist of the gas fee in the usual sense and the function fee.
Block Reward: The CoinEx Foundation will provide an additional bonus of 315 million CET to the validators for 5 consecutive years in a [block incentive] manner.
3. Community-Support Reward
To encourage nodes to participate in building the community ecosystem, the Foundation launches node support rewards for all nodes. This support award is directly given by the CoinEx Chain Foundation which will grade each node according to its contribution for the promotion or development of the CoinEx Chain ecosystem. The node will receive the reward based on its contribution score. The more it contributes, the higher the score and the reward will be.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Chain Foundation Team
Oct 16, 2019
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