Becoming a validator Owner
What is a validator and why it's worth owning one
Last updated
What is a validator and why it's worth owning one
Last updated
The Validator system is an integral part of the LORDCHAIN network, BLOCKLORDS' proprietary blockchain.
Validators play a pivotal role in maintaining the network’s stability by validating transactions and ensuring a secure, decentralized, and fast experience when using the infrastructure By locking $LRDS tokens into the validator nodes, players support this blockchain ecosystem’s growth while earning rewards in return.
BLOCKLORDS offers various validator types, each with specific roles and benefits:
Managed by the BLOCKLORDS team, this validator gives players a chance to lock tokens and activate "Auto-Longest Lock" mode. While unavailable for individual ownership, it does provide Influence rewards (in-game premium currency), veLRDS (the voting power measuring unit), NP (node power points), in-game NFTs, and access to exclusive airdrops. User Validators
Operated by close partners, these nodes will offer fee-based rewards for participants. They are not available for individual ownership but incentivize holders with unique, complex reward structures. Highlighting The Benefits of Participation
Validator owners and participants alike will earn passive rewards through:
- Deposit Fees: A percentage of total deposits into the validator will be rewarded
- Reward Withdrawal Fees: A portion of claimed rewards is transferred to the validator owner each time rewards get claimed
Validator owners can customize their nodes with unique names and symbols. This personalization reflects the owner’s identity within the BLOCKLORDS community, enhancing their influence and prestige.
By participating in the User Validator system, players contribute to the stability and growth of BLOCKLORDS' blockchain network, ensuring a secure environment for all participants.
Players interested in owning a validator can join the User-Operated Validator Generation Events, where a limited number of validators will be made available. Validators come in tiers ranging from Basic to Legendary, with each offering specific benefits and requiring the following:
- Locking $LRDS tokens in the Master Validator.
- Activating the "Auto-Max" lock mode.
- Pay an NP token fee for the validator setup. Staking in Validators
Even without owning a validator, players can lock their $LRDS tokens into existing validators like the Master or Super Validators to earn rewards, Influence, and voting power.
The User Validator system in BLOCKLORDS strengthens the game’s blockchain infrastructure while offering participants, players, early adopters, etc economic and even social incentives. Whether staking tokens or owning a validator, players have an opportunity to actively shape and benefit from the ecosystem while contributing to its security and growth.
