Janus Network is a blockchain platform that is built to be fast, secure, and scalable. It provides a decentralized infrastructure that enables users to build and deploy decentralized applications. As part of its ecosystem, Janus Network has a validator program that rewards validators for their role in securing and validating the network.
Validators are an essential part of the Janus Network ecosystem, responsible for securing the network by validating transactions and adding them to the blockchain. Validators also participate in governance decisions by voting on proposals that impact the network. To become a validator on the Janus Network, users need to meet specific requirements.
Minimum JNS Stake
To become a validator, users must stake a minimum of 15,000 JNS tokens. Staking is a process where users lock up their JNS tokens as collateral, which helps to secure the network. The more JNS tokens a user stakes, the higher their chances of becoming a validator.
To ensure the stability and security of the network, validators are required to lock their stake for a minimum of 2 months. During this time, validators cannot withdraw their stake or transfer their JNS tokens.
Fee Pool Distribution
Janus Network operates a fee pool, which is a portion of the transaction fees that are collected on the network. The fee pool is distributed in the following way:
- 40% of the fee pool is allocated to the validator pool, which is distributed among validators based on the weight of their JNS stake.
- 20% of the fee pool is allocated to growing the ecosystem, which includes developing new features and applications that enhance the Janus Network ecosystem.
- 40% of the fee pool is allocated to validators based on their JNS stake.
Validators play a critical role in the Janus Network ecosystem, and they are rewarded for their efforts. By staking their JNS tokens, locking them up for a minimum of 2 months, and participating in the validator program, users can earn rewards and help secure the network.