The whitelisting for the second validator auction begins!

The time has come to start the process for whitelisting addresses for the second validator auction for the Trustlines Blockchain!

The deadline for submitting an email address has passed. Thank you to everyone who submitted an email address for becoming a Trustlines Validator Candidate!

The deadline for submitting an email address was the end of the day, Sunday, 31st of May, 2020 (UTC).

Process summary

  1. Send a DM to @tl_validator Twitter account with your email address
  2. Collection of email addresses ends (31.05.2020 23:59 UTC)
  3. A check of Proof of Sociality is performed
  4. If you are in the Proof of Sociality pool, you will get an email
  5. The email will have a link to a survey where you will be able to provide your Ethereum address
  6. The submitted Ethereum addresses then get compiled into a list. This list will be the whitelist and will allow you to bid in the validator auction

Prerequisites

As it was with the first validator auction, a “Proof of Sociality” will be a requirement for getting included in the whitelist. Anyone can send their email address, but only the Twitter accounts contained in the Proof of Sociality list will become Trustlines Validator Candidates.

Those in the Proof of Sociality pool that send their email address to the @tl_validator Twitter account will receive an email once the Ethereum address collection phase starts. In this email, you will have a link where you can then provide your Ethereum address. Your Ethereum address will not be linked to your email address.

If you’re unsure about being included, send your email address, and you will receive an email if you are a Trustlines Validator Candidate and can get whitelisted!

Providing an address for the whitelist

The Trustlines Validator Candidates will receive an email with the link and instructions to provide their Ethereum address for the whitelist. Before this, only your email address is needed. Only one Ethereum address per email address is allowed to be submitted. This Ethereum address should be an address that you want to use for bidding in the auction.

A guide for participating in the auction will be available soon at the Trustlines Docs.

Auction deposit currency

For this auction, no ETH will be used for bidding. This time, TLN, Trustlines Network Tokens will be used for bidding to gain a validator slot.

For acquiring TLN, you can check if your address is included in our Merkle Drop. Another way would be to get TLN via UniSwap (by inserting the token address directly).

Auction format

For the second auction, a Dutch auction will be used. This is the same format that was used for the first auction.

If you’re not familiar with how a Dutch auction works, you can read more about it here.

Number of validator slots

The number of validators slots available in the first auction was 55. For this second round, the number has yet to be determined.

Next steps

The Trustlines Validator Auction page will get updated, and as more details get finalized, there will be posts at the Trustlines Blog, at the Trustlines Forum, and shared on the Twitter accounts.


Disclaimer: The Trustlines Network community is not obligated to follow this proposition of the Trustlines Foundation


Edit: The period for sending your email address has been extended by one week, from the 24th to the 31st of May.

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The deadline for sending your email address has passed. Thank you to everyone who submitted an email address for becoming a Trustlines Validator Candidate!

Next, we will perform the Proof of Sociality check. This check means that we’ll basically check that the Twitter account is real and not a fake/bot/etc account.

After the check, the candidates passing the Proof of Sociality check will receive an email later this week with more details about the next step in the process.

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