The Celer Network start the registration for State Guardian Network Beta Testnet Phase 2! This will be the final testnet before launching on the mainnet. The Celer team are giving away a total of $10,000 prizes for qualified validators and delegators.
The State Guardian Network Beta Testnet Phase 2 will officially start today, September 11, 2020 and will last for approximately 2~3 weeks to the end of September.
You can sign up today for the beta testnet for validators and delegators. If you sign up now, please expect to receive your test token on September 13. If you sign up later than September 13, please expect 1~2 days of delay to receive your test token.
Please join Discord channel for more updates.
If you missed previous posts, here’s a brief explanation of SGN. State guardian network (SGN) is a scalable and decentralized “watchtower” sidechain that ensures the off-chain state security and smooth usability for state channel users. It provides highly reliable and efficient services including client channel state protection, delegated payment receiver, and app connectivity oracle. SGN is decentralized and incentive-aligned through the CELR staking process that governs the layer-2 validators and rewards all layer-1 CELR stakeholders. For more details about the motivation and design of SGN, please refer to CelerCore architecture document.
As shown in figure above, SGN mainly consists of four components: mainchain (layer-1) smart contracts, CELR delegators, sidechain (layer-2) validators, and state channel users.
Delegators can do the following operations through the SGN web explorer:
Here is a demonstration of how to interact with the web explorer. The UI has changed a bit, but the main workflow remains the same.
The Celer team are giving away a total of $10,000 prizes for qualified validators and delegators to reward your hard work. The top 5 most active validators and the top 100 active delegators will get prizes! Nodes run by the Celer team won’t participate in the winning process.
The Celer team will take snapshots of the active validator set periodically throughout the course of the campaign and will keep a record of the number of times each validator is slashed due to downtime. The Celer team will reward the top 5 most active validators ranked by:
[ (number of times the validator in periodic snapshots) – (number of times the validator being slashed) ] * [ (number of confirmUnboundedCandidate transactions) + 1 ]
The Celer team will provide a top validator list every day on Discord channel, please join to keep updated. Feel free to check out your own result anytime.
The Most Active Validator Prize:
The Most Active Delegator Reward
The Celer team encourage participants to put stress on the testnet with delegating and delegating transactions. Each participant is allowed to use multiple delegator addresses (as much as you’d like). The final winning 100 delegators will be ranked by their participation score. The score for each participant will be calculated by:
[number of delegator addresses used] * [(number of delegating transactions + number of undelegating transactions)] * [number of redeemReward transactions] * [number of unique delegated validators]
The Most Active Delegator Reward Prize:
All others will split the remaining $800 prize pool.
If you’d like to join SGN Beta Testnet Phase 2, please sign up today for validators and delegators! The Celer team are looking forward to seeing you on the Discord channel. Team appreciate your interest and support!
Celer Network Team
* In the event of a software bug or configuration error causing the testnet to enter an irrecoverable failure state, the Celer team reserves the right to pause or end the campaign. Participants will still be rewarded and the team will re-launch the testnet with proper bugfixes.