Delegation and Staking with Validators

In the CTEX ecosystem, delegation plays a vital role in enhancing the participation and effectiveness of validators. Delegation allows users, known as 'delegators,' to contribute their CTEX coins to validators of their choice, thereby increasing the validator's stake in the network consensus.

Choosing Validators and Staking

Delegators have the freedom to select any validator(s) they trust and stake any amount of CTEX with them. This process can be conveniently done through the CTEX Staking platform, ensuring a seamless and user-friendly experience for delegators.

Reward Distribution and Fees

Delegators receive a portion of the CTEX block rewards corresponding to their stake, minus a fee paid to the validator. The fee percentage is determined by the validator and is currently set at a minimum of 15%. This fee structure is designed to prevent excessive consolidation of delegations by offering very low delegation fees.

Flexibility and Unstaking

At present, delegators have the flexibility to unstake their CTEX coins at any time. However, plans are underway to introduce a minimum staking period to ensure network stability and discourage frequent unstaking activities.

By engaging in delegation and staking with validators, users actively contribute to the security and efficiency of the CTEX network while also earning rewards proportional to their stake. This collaborative approach strengthens the decentralization and resilience of the ecosystem, fostering a vibrant and sustainable blockchain community.