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Sign Up to Run an Ontology Node in ONTO Wallet

Prepare a staking wallet and an operation wallet

To get started, you need to import or create a staking wallet and an operation wallet. The staking wallet stores the ONT required by the node to stake, while the operation wallet is used to start the node.

Notes：

  • The operation wallet does not require ONT to operate.

  • The staking wallet cannot be the same as the operation wallet.

  • We recommend using a new wallet as the operation wallet.

How to Register a new node？

  1. Tap on “Run a node in a few clicks” in the image carousel on ONTO’s homepage or tap on “Node Management” on ONT’s details page, tap on “Run a new node”, and then hit “Register Now”.

  1. The default node staking wallet is your current wallet and you need to select the node operation wallet, which can be the public key obtained from the community node operation service, so you need to enter the password of the operation wallet to get its public key.

  1. Fill in the ONT amount you would like to stake. Based on the current configuration of the Ontology network, the minimum amount required for a staking node is 10,000 ONT, which is refundable upon node exit.

  2. Tap on “Confirm Node Information” and sign the transaction with the staking wallet. Please note that 500 ONG plus a small amount of gas fee will be charged for starting a candidate node. When the registered node’s staked amount is in the top 343 nodes, the node becomes a candidate node; when the registered node’s staked amount is in the top 15, the node becomes a consensus node.

  3. Once the registration is successful, you may tap on “Edit Info” immediately or edit node info later.

How to Add Node Stake Amount？

  1. Enter the “Node Management” page, select the node you registered, and tap on “Add Stake”

  2. Enter the amount you want to add stake and tap on “Next”

  3. Tap on “Confirm” and sign the transaction

How to claim ONG rewards？

Enter the “Node Management” page, tap on the “Claim” button, and sign to claim ONG rewards.

Notes:

  • If your staking is created and confirmed in the round 'T', then your staking will start to generate ONG rewards in the round 'T+1' and you can claim them in round 'T+2'.

How to Reduce Node Stake Amount and Withdraw ONT？

  1. Enter the “Node Management” page, select the node you registered, and tap on “Reduce Stake”

  2. Enter the amount you want to reduce stake and tap on “Next”

  3. Tap on “Confirm” and sign the transaction

Notes:

  • Commitment Amount is locked and the stake cannot be reduced. The amount will become withdrawable upon node exit

  • The user stake amount should be capped at 10 times the node's initial stake

  • If you reduce stake in the round ‘T’, then

(1) for candidate nodes, you will be able to withdraw ONT at the beginning of the round ‘T+1’.

(2) for consensus nodes, you will be able to withdraw ONT at the beginning of the round ‘T+2’.

  1. Click on the “Withdraw” button and sign to confirm on the “Node Management” page to withdraw ONT.

Manage Your Node Info

  1. Enter the “Node Management” page, select the node you registered, and you will see the basic node information and information about user stake and node stake

  2. Tap on “Node Info” and you can upload your logo, edit the node name, enter the node’s website, region, and description, and set the visibility of the information. You can also provide the node’s Telegram channel, Twitter handle, public email, and email for communication with Ontology

  3. Tap on “Save” and sign. The changes will be effective immediately

Edit Fee Sharing Ratio

Fee Sharing Ratio: There are two fee sharing ratios: one is the percentage of the transaction fees and released ONG yield from the node’s initial ONT stake distributed to the node; the other refers to the percentage of the transaction fees and released ONG yield from the ONT staked by users distributed to the node.

  1. Tap on “Fee Sharing Ratio” and you will see the fee sharing ratios of the current round, the next round, and the next 2 rounds. Tap on “Edit Fee Sharing Ratio” to change the ratio of node stake revenue distributed to the node and the ratio of user stake revenue distributed to the node

  2. Tap on “Save” and sign. The changes will be effective after 2 rounds

Edit User Cap

  1. Tap on “User Stake / Cap” and edit the “Allowed User Stake”

  2. Tap on “Save” and sign. The changes will be effective immediately

Notes:

  • The max user stake amount should be capped at 10 times the node’s initial stake

Quit Node

  1. Select the node you registered on the “Node Management” page, tap on “More” in the upper right, and tap on “Quit Node”

  2. Tap on “Confirm” on the pop-up window and sign. Once this is done, the status of the node will become “Exiting”

  1. Your initial staked ONT will automatically be available for withdrawal in the next 1-2 rounds (2 rounds for consensus nodes and 1 round for candidate nodes).

Notes：

  • If you choose to quit the node, you cannot have withdrawable ONT remaining.

  • Once you have quit the node, if you want to run a node again, you will have to register a new one.

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