Wanchain’s 8th Storeman Node Selection Cycle
Wanchain announced eighth Storeman Group selection that begins July 1st.
Last month marked the addition of Litecoin to Wanchain decentralised cross-chain infrastructure. This integration is the latest milestone in what has been an incredible productive half-year for the Wanchain team. On the eve of the selection of the eighth Storeman Group, Wanchain’s industry-leading cross-chain infrastructure already supports truly decentralised bridges connecting Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, XRP Ledger and Litecoin… with more integrations right around the corner! Interoperable DeFi is no longer just a light at the end of the tunnel. It is already here.
The eighth selection cycle begin on July 1st, 2021.
🔹Details
Selection period:
July 1, 2021 04:00 AM (UTC) — July 7, 2021 04:00 AM (UTC)
Confirmation period:
July 7, 2021 04:00 AM (UTC) — July 9, 2021 02:00 AM (UTC)
Working period:
July 9, 2021 04:00 AM (UTC) — August 9, 2021 04:00 AM (UTC)
Maximum number of Storeman nodes:
25 (including 1x Wanchain Foundation node)
Minimum stake per Storeman node:
10,000 WAN (including “Partner-In”)
Selection criteria:
24 Storeman nodes with the largest stakes
Delegation Fee:
10%
Delegation Ratio:
1:5
Supported wanBridges:
- Binance Smart Chain-Wanchain bridge
- Bitcoin-Ethereum direct bridge
- Bitcoin-Wanchain bridge
- EOSIO-Wanchain bridge
- Ethereum-Binance Smart Chain bridge
- Ethereum-EOSIO bridge
- Ethereum-Wanchain bridge
- Litecoin-Binance Smart Chain bridge
- Litecoin-Ethereum bridge
- Litecoin-Wanchain bridge
- XRP Ledger-Ethereum bridge
- XRP Ledger-Wanchain bridge
How to create a Storeman node
The yield of running a Storeman node is generally 50% higher than becoming a delegator. There are two basic requirements to running a Storeman node:
- WAN tokens. A minimum of 10,000 WAN must be staked in order to run a Storeman node. The 24 Storeman nodes with the largest total stakes will be selected. Your node’s total stake is the sum of your own WAN tokens, and tokens staked via “Partner-In” and tokens staked by your delegates.
- A cloud service on AWS, Google Cloud or equivalent to deploy your Storeman node.
For the detailed operations of how to set up a Storeman, please go to Wanchain 5.0 Mainnet Storeman Setup Guide.
What is Wanchain?
True DeFi is interoperable — Wanchain is the world’s premiere decentralised blockchain interoperability solution. Our mission is to drive blockchain adoption through interoperability by building fully decentralised bridges that connect the world’s many siloed blockchain networks. This cross-chain infrastructure empowers developers to build truly decentralised cross-chain applications to power the future of DeFi.
📰 INFO:
