We’re delighted to announce the successful launch of the REMChain MAINNET! The REMChain testnet was released in two versions, thoroughly tested and analyzed to ensure a smooth mainnet launch.
Become a Guardian: stake & vote
Guardians play a crucial role in REMChain operation. They are in charge of electing the most credible and professional candidates to produce blocks.
Consensus algorithm & rewards
According to the Delegated Proof of Stake (DPOS) consensus model, those who hold the status of a Guardian are actively involved in REMChain governance. They delegate their will to trusted Block Producers (BPs) through a continuous voting mechanism. Guardians earn full and liquid rewards from the very start. We’ve recently updated the reward sources and introduced a dual system to stimulate network growth during the first year of operation. Below is a brief description. Check out our recent blog post to find out more about the reward sources and distribution.
Variable reward
60% of the paid services delivered by the network to its users is shared among all Guardians proportionally to their own stake.
Fixed reward
Around 0.3% on staked REM per month stimulated by the Remme Incentive Fund during the first year.
Staking tokens
In Protocol, there are specific criteria that need to be met by an account to attain Guardian status:
An account needs to stake a minimum of 250K REM. The power of the vote is proportional to the number of tokens that the account has staked (the more tokens you stake, the more influential your vote).
The power of the vote is built up gradually to 100% over six months on a weekly basis.
Tokens are locked for the first six months (you cannot change your mind once you stake).
What’s required to maintain Guardian status
To participate in stake reward distribution, a Guardian needs to keep their status by:
1) Monitoring performance and voting for a selected Block Producer at least once a month;
2) Keeping a minimum required 250K REM balance staked;
How to become a Guardian Guide
Where to buy REM for staking
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