Mining Reward

CTEX Mining Reward Program

The CTEX Chain mining reward program is designed to incentivize users to participate in the network as validators or delegators. By staking their CTEX tokens, users contribute to the security and decentralization of the network while earning rewards in return. Here's a detailed description of the mining reward program:

1. Validator Rewards:

   • Validators play a crucial role in securing the CTEX Chain network by validating transactions and proposing new blocks. As a reward for their contributions, validators can earn up to a maximum of 36% rewards per year.

   • To become a validator, users are required to stake a minimum of 100,000 CTEX tokens. By staking their tokens, validators demonstrate their commitment to the network and gain the opportunity to earn rewards through the consensus mechanism.

2. Delegator Rewards:

   • Validators have the option to create delegator slots, allowing other users to delegate their tokens and participate in the consensus mechanism. Delegators receive rewards based on the performance of the validator they delegate to.

   • Similar to validators, delegators can also earn up to a maximum of 36% rewards per year by staking their CTEX tokens. The rewards earned by delegators are proportional to the amount of tokens they delegate and the validator's performance.

3. Unstaking Penalty:

   • Users who decide to unstake their tokens before the end of the staking period incur a penalty of 10% of their initial investment amount. This penalty is imposed to discourage users from unstaking their tokens prematurely and to maintain network stability.

4. Minimum Requirements:

   • To participate as a validator, users must stake a minimum of 100,000 CTEX tokens. This threshold ensures that validators have a significant stake in the network and are incentivized to act in its best interest.

   • For delegators, the minimum requirement is set at 100 CTEX tokens. This lower threshold allows more users to participate in the consensus mechanism and contribute to network security.

5. Total Supply and Token Release:

   • The total supply of CTEX tokens is capped at 1 billion tokens. However, only 500 million tokens are released through the mining program, ensuring a controlled and gradual distribution of tokens over time.

   • This approach helps maintain a healthy balance between supply and demand, preventing excessive inflation or deflation of the token value.

Overall, the CTEX mining reward program provides users with a unique opportunity to earn rewards while contributing to the growth and security of the CTEX Chain network. Whether as validators or delegators, users play an essential role in shaping the future of decentralized finance