Becoming a Nominator

Becoming a nominator on Argochain is a vital role that helps secure the network and maintain its decentralization. Nominators select validators they trust to produce blocks and maintain the blockchain, and in return, they earn rewards. This guide will walk you through the process of becoming a nominator and explain the importance of this role.

How to Become a Nominator

1. Prepare Your Wallet

   • Ensure you have at least 4000 AGC in your Argochain wallet.

   • Create or access your wallet using ArgoWallet.

   • Secure your wallet by backing up the seed phrase and private keys.

2. Visit the Staking Portal

   • Open your browser and go to staking.argoscan.net.

   • Connect your wallet to the staking portal.

3. Navigate to the Nominating Section

   • Click on the "Nominating" tab in the menu.

4. Select Validators

   • Choose up to 16 validators you trust based on their performance history, reliability, and community reputation.

   • Enter the amount of AGC you wish to nominate (minimum 4000 AGC).

5. Submit Your Nominations

   • Click "Sign and Submit" to initiate the nomination transaction.

   • Follow the on-screen instructions to complete the process.

6. Verify Your Nominations

   • Visit explorer.argoscan.net.

   • Go to the "Nominations" page to verify your nominations.

7. Monitor and Adjust Nominations

   • Regularly check the status of your nominations and the performance of your chosen validators.

   • Adjust your nominations as needed to optimize rewards and maintain network security.

Why Become a Nominator?

1. Network Security:

   • Nominators play a crucial role in maintaining the security and stability of the Argochain network.

   • By selecting trustworthy validators, nominators help ensure that the network remains decentralized and robust against attacks.

2. Earning Rewards:

   • Nominators earn rewards based on the performance of the validators they support.

   • By nominating well-performing validators, you can earn a share of the staking rewards.

3. Decentralization:

   • Contributing to the network's decentralization helps prevent central points of failure.

   • A diverse set of validators, supported by numerous nominators, enhances the resilience of Argochain.