Financie Token
  • Financie Token - FNCT
  • Disclaimer
  • What is FiNANCiE
  • Challenges and Solutions of Creator Economy
    • Background
      • East India Company Changed the Way to Obtain Challenge Funds
      • From the “Company” to the “Individual”
      • The Relationship between “Fan” and “Creator”
    • Challenges of Creator Economy
      • Profits Are Concentrated on Huge Platforms and a Handful of Creators
      • No Mechanism for Giving Back to the Fans
    • Solution Offered by FiNANCiE
      • Features of FiNANCiE (Crowdfunding 2.0)
      • FiNANCiE and FNCT
  • About the Project
    • Why Blockchain is the Appropriate Technology
      • Proof of the Token’s Authenticity
      • A Safe Secondary Distribution
      • An Open Interchangeability with the Broader Economy
    • FiNANCiE Lightning and Past Achievements
    • Expansion of Blockchain Market and Use Case
      • The Expanding Blockchain Market
      • Expanding Use Case: Fan Tokens
    • Expanding the Token Economy Through FNCT
  • Project Overview
    • FiNANCiE(Crowdfunding 2.0)
      • Issuance of CT (Funding / Initial Sale)
      • Applications of CT
      • CT Marketplace (Secondary Distribution)
    • FNCT(Financie Token)
      • Participation in Governance
  • Technical Specifications
    • CT
    • FiNANCiE Lightning
      • IPFS Log Format
      • Anonymization and Zero-Knowledge Proof
      • Record of History Hash Value
    • FNCT
      • Implementation / Distribution Platform and Token Standards
      • Means of Distributing Community Rewards
    • Token Ecosystem of FNCT
      • FNCT Staking
      • Incentive Rewards
        • Validation Reward
        • Community Token Holding
      • Utility
        • Governance
        • Exchange with CT (Consumption)
        • Grade Benefits
        • Community Donation
      • Buyback & burn
      • Improvement Continues
  • FNCT Token Sale and Usage Plan
    • Token Sale (IEO) Overview
    • Distribution of FNCT Holders
      • Initial Distribution of FNCT
      • Uses of Procured Funds
      • Lock up for Team
      • Release of Allocation and Market Distribution Volume
  • Roadmap
  • Team
  • Community
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On this page
  1. Technical Specifications
  2. Token Ecosystem of FNCT
  3. Incentive Rewards

Validation Reward

This is a reward feature for maintaining token value and contributing to network reliability by validating FiNANCiE Lightning. The reward is paid from the allocated community allotment of 42% of the FNCT issuance limit. The staker who performs this validation is called a "validator" and his/her reward is called a "validation reward.” Validators are selected by probability according to the amount of locked FNCT, and the selected one will proceed with the validating operation.

Selection of Validator and Delegation Reward

We expect that a marketing partner that will nurture the development of the token economy will be selected as the validator (currently in the process of selection). Stakers other than marketing partners become "delegators" who delegate to validators and receive a portion of the validation rewards through the validators. This is called "delegation rewards.”

Process of Validation

  1. The validator sets how to distribute the validation reward between the validator and the delegator to a smart contract.

  2. The staker selects his/her validator by comparing distribution ratios etc. Such a validator will be called a delegator.

  3. The validator periodically inscribes a hash of the FiNANCiE Lightning logs to the smart contract.

  4. Validators are probabilistically selected based on the total amount of FNCT that the validator and delegator are staking, and validation reward is paid in FNCT to such validator.

  5. A portion of the validation reward is distributed as a delegation reward in accordance with the settled distribution ratio. The delegation reward is further distributed to each staker in accordance with the amount of staking by the delegator.

In the future, we are considering selecting stakers other than marketing partners as validators in order to make the system more autonomous and decentralized.

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Last updated 2 years ago