For those new to Lisk, delegates represent the backbone of the decentralised Lisk network. Anyone can become a delegate, but only 101 delegates get the opportunity to generate blocks and earn forging rewards. These 101 delegates are elected by every LSK holder by voting, their voting power equals their LSK balance. The more LSK they own, the more voting power they have. The cumulative voting power of all accounts in the network decides who is in the top 101 and who isn’t. Here’s a quick breakdown of a delegate:
- Passionate about Lisk and the community
- Support the Lisk ecosystem and Lisk community
- Good understanding of the underlying blockchain technology
- Help the community where possible, mainly new incoming members
- Lower the entry barrier towards new community members
- Identify opportunities for Lisk and the community
- Educate their local community and spread awareness
If you want to know how to deploy a Lisk node, click here!
The goal of this campaign is to get as many delegates as possible and for existing delegates to update their proposals so that LSK holders have the information they need to make an informed decision. If you want to become a delegate you need to setup a Lisk node, register a delegate account on the network and collect enough votes to get elected into the top 101 active delegation.
In order to register a delegate account a fee of 25 LSK is paid to the Lisk network. Additionally it’s recommended that you write a proposal on the Lisk forum to increase your chances to be elected as a forging delegate.
Until block 1,451,520 is reached we are giving every registered delegate the 25 LSK fee back. The only requirement is to have an up-to-date proposal on the Lisk forums, for which you may receive a bonus of 25 LSK.
Accompanying the delegate registration campaign, and following block 1,451,520, we are having a contest for proposals submitted and the 13 most interesting proposals will receive a bonus reward and featured in this blog post!
- Three proposals will receive 5,000 LSK
- Ten proposals will receive 1,000 LSK
Proposals will be selected based on the following criteria:
- The contest begins on November 17th, 2016 and ends on December 5th, 2016.
- Purchase of 25 LSK necessary; reimbursed once a delegate proposal has been submitted.
- Delegate proposals must be written on the Proposal child board and follow the given template (viewable upon creating a new topic).
- If you have already written a proposal and have adopted the Proposal template, contact joel or redsn0w through a forum personal message and they will move your proposal to the adequate board.
- You will not be eligible for the campaign or the contest if the proposal is not in the correct child board. Bonus of 25 LSK limited to first 200 delegate proposals and one per person during the contest period.
Simply head to the Lisk forum and post your proposal!
Check out lisk website with detailed information about the campaign.