Why become a #Creditcoin Nominator.
18 Jul 2023, 11:00
Why become a #Creditcoin Nominator?
✅ Creditcoin is the world’s leading #RWA credit infrastructure chain, with 3M+ real-world loans recorded
By becoming a Nominator, you can earn passive $CTC and claim a stake in the future of on-chain credit 🔒
Learn more about Nominating 👉
🤔 What is a Nominator?
Nominators play a vital role in the security of the world's biggest #RWA Network. Essentially, they're like the democratic custodians underpinning the Network…
Just like an electorate, nominators might not have the time, hardware or technical expertise to join the Creditcoin block validation government by becoming a validator. Instead, they use their stake to support chosen validators, voting for them to become part of the block validation government!
When a validator is elected by nominators, they are forced to share ALL their staking rewards with nominators backing them based on their relative staking totals (minus any commission fees the validator charges)!
Why become a Nominator? 😎
👐 Nominating means you don't need to run your own node, saving you time and effort while still letting you earn CTC staking rewards and contribute to Network security! Of course, Validators might charge you a small commission, but you can always get your own back by literally backing a different Validator with lower fees.
☢️ But remember, there are still risks and responsibilities - Be careful not to back dishonest validators, or your funds could be at risk of slashing. This ensures that nominators perform sufficient due diligence.
🐣 If you're not technically inclined, why not join the world’s biggest #RWA network as a Nominator!
If you’re interested in joining us on our mission to deliver a more inclusive system for global credit, then the Testnet is the perfect place to start. By joining the Testnet as a Nominator you can earn mainnet CTC tokens to begin nominating as soon as the mainnet goes live, giving you an edge over the competition…
Sign up for the Testnet today 👇