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SIX Network Launches Individual Node Program
The SIX validator node is like the backbone of the SIX Protocol‘s blockchain infrastructure. It’s very important because the SIX Protocol covers many different services. Validator nodes are responsible for making sure that transactions are valid, voting on important decisions, and keeping accurate records to ensure the security of the SIX Protocol.
SIX Network launched the SIX Business Node program in the year 2022, and more than 20 businesses are joining. Now in 2023, we are opening the SIX Individual Node Program, which will enable individuals to support the SIX Protocol by running a validator node and earn SIX tokens as a reward for doing so.
Launch of Individual Node Program
On March 10, 2023, SIX Network is launching the SIX Individual Node Program, which allows individuals to earn rewards by running a validator node on SIX Protocol. However, this round will only be open to 100 spots.
To become a SIX Individual Node, participants need to stake an initial deposit of 20,000 SIX tokens and participate by simply following the instructions on this blog. If you have any questions, please do not hesitate to reach out to our support team by opening a support ticket on Discord.
Benefits of joining a SIX Individual Node
SIX Network has launched an Individual Node Program that allows participants to earn rewards while contributing to the network’s security and performance.
Here are some of the benefits of running an individual node on the SIX Protocol:
• Earn rewards: Participants who run a validator node can earn SIX tokens as rewards. The more their node contributes to the network, the more rewards they’ll receive.
• Get a free one-year subscription to SIX Name Service (SNS). This service gives you a unique name with 6-25 characters and a .six extension.
• Better network security: Validator nodes play a crucial role in the SIX Protocol’s proof-of-stake consensus mechanism, so running an individual node helps secure the network and prevent fraud.
• Be involved in network operations: Running an individual node lets participants join in the network’s operations and contribute to its growth and development.
Please keep in mind that these rewards are just the start, and we may include more in the future. Moreover, you can enhance your opportunities to earn rewards by joining several nodes. For instance, if you hold 100,000 SIX tokens, you can apply to five different nodes.
How to Participate in the Individual Node Program
Before you can participate in SIX Protocol’s Individual Node Program and start earning rewards, you need to do a couple of things to prepare.
First, you’ll need to bridge 20,000 SIX tokens from other chains (BNB, Stellar, Klatn) to SIX Protocol Chain by following the instructions Here or watching the video guidelines on How to Bridge Here. Once you’ve done that, you can follow these easy steps to become a node:
Step 1: Navigate to the SIX Protocol website
Go to the SIX Protocol website and click on “BECOME A NODE” at the top right corner of the page, then click “PURCHASE NOW” button.
Step 2: Connect your Keplr wallet
Connect your Keplr wallet to the SIX Protocol website by clicking “START YOUR KEPLR” then clicking “Approve” and allowing the connection.
Step 3: Purchase an Individual Node
Purchase an Individual Node by clicking “PURCHASE NOW” in the Individual Node section.
Step 4: Input your SIX Name Service and Node Quantity
Choose your SIX Name Service to identify your ownership (6-25 characters). You can either pick your name or have the system generate one for you. Then, type how many nodes you want to purchase.
Step 5: Recheck Details
Double-check your order details, including your node quantity and SIX balance.
Step 6: Place your Order and Approve your Transaction
Place your order by clicking “PLACE ORDER” and confirm the transaction by clicking “Approve” in your Keplr wallet.
Step 7: View your Node
Once your purchase is successful, you can view your node staked by clicking on “GO TO YOUR NODE”.
*The numbers in this image are for the purpose of demonstration only
Step 8: Manage your Node
After clicking “GO TO MY NODE”, you can see the details for your node. And, you can manage it by clicking on “STAKE”, “UNSTAKE” and “CLAIM REWARDS”.
If you’ve already left this page and want to go back to the “MANAGE MY NODE” page, you can visit the SIX Protocol website. From there, navigate to the “BECOME A NODE” page, and then find the “Individual Node” section. Once you’re there, simply click on the “MANAGE MY NODE” button to access the page you’re looking for.
That’s it! By following these simple steps, you’ll be contributing and earning rewards through the Individual Node Program.
If you need any help or have any questions, don’t hesitate to contact our support team on Discord by opening a support ticket.
*Please keep in mind that investment is risky so investors should carefully study the information before making a decision to invest.
You can get news and information about SIX Network here:
SIX Network Official Medium: https://medium.com/@sixnetwork
SIX Network Official Website: https://six.network/
SIX Protocol Official Website: https://sixprotocol.com/
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