ParaState Announces Plato Testnet Validator $STATE Rewards

We are delighted to announce the allocation of our Validator $STATE rewards for the validators of the ParaState testnet. You are the true paladins and protectors of the ParaState network, and for your support we are deeply appreciative.

Since our inception, ParaState has been committed to developing a community-driven platform designed to incentivize contributors through rewards in the STATE token.

We were overwhelmed by the number of validators who took up the challenge to Setup a ParaState Testnet Node on the first Substrate blockchain to feature both EWM and Ewasm. Node operators/validators earn $STATE, the ParaState native Ethereum protocol token, in exchange for securing the network. Once validators set up a ParaState node and join the testnet, they can submit a request to join the validator group.

For their valuable contributions to the ParaState ecosystem, Validators share in the $STATE rewards pool (from transaction fees paid) for generating blocks.

Validator $STATE Rewards!

We are delighted to announce the rewards allocation for Validators below, listed under each Validator’s respective reward wallet address, based on a snapshot at block height 1972810. ParaState will distribute the mainnet STATE token rewards to testnet Validators after the TGE (token generation event) based on a 5:1 convertible ratio in appreciation of your support for maintaining the Plato testnet. Some Validator rewards display as zero due to incorrect reward wallet address settings, or malfunction in producing a block.

Remember to fill out this form to receive your $STATE during the rewards distribution https://forms.gle/8TtQuwTRzxiTf2Zx9

Congratulations to all Validators!

Validator $STATE Rewards List

https://docs.google.com/spreadsheets/d/1deQycq45daSUXmf6nQus7B7ZivaToaPEXojD3Wxrn8w/edit#gid=1781998487