YK @一杯咖啡的生活
YK @一杯咖啡的生活

一杯咖啡談說書、談寫作、談信仰、談人生⋯⋯ https://portaly.cc/yeungkwanblog

Apply for the LikeCoin Community Fund once again because the last time was unsuccessful

(edited)
The reason why the last application was unsuccessful is so simple...

We successfully became a LikeCoin validator in November last year, and the node name is "BusinessAsMission". At the beginning of December of the same year, we applied for the commission of the LikeCoin Community Fund, and the application was approved on Christmas Eve.

After the application was approved, in less than a month and a half, during a node server upgrade project, a serious mistake of "Double signing" was accidentally made, resulting in the immediate "death" of the node by tombstoned.

We immediately remedied, re-created a "new node" with the same name, and notified the person entrusted to us as soon as possible. but. I am very sorry for causing the client's 5% loss of money to be irreparable.

Afterwards, we shared the announcement of the immediate "death" of the node, hoping to remind other validators not to repeat the same mistakes.

Once again, we would like to thank the delegators who have been supporting and newly supported, and thank you for your trust in staking your LikeCoin in the "BusinessAsMission" node. We now have nearly three times as many clients as before.

Since the old node has "dead", the rebuilt "new node" needs to re-apply for the LikeCoin Community Fund delegation. We applied at the end of February, but the result was unsuccessful. The reason is "BusinessAsMission - Since their previous node was tombstoned, the committee will need more time to observe their new node performance.". We accept this veto and the reasons for veto.

In April, we participated in the LikeCoin chain upgrade validator incentive plan, and completed the upgrade to the LikeCoin chain version 2.0.0 on likecoin-public-testnet-5 before the set date, which can meet the same requirements as the other 13 groups of validators. Divide up the 100,000,000 LIKE commission from May 2022 to October 31, 2022.

Of course, we also participated in the LikeCoin chain upgrade on May 4th.

It is not known whether the three-month observation period is considered sufficient by the commissioners of the Community Fund. But we will try to apply again, hopefully this time it will be successful.

Due to this upgrade of the LikeCoin chain, the system equipment required for nodes has increased, which has increased operating costs, and the price of LikeCoin has fallen. We decided to increase the node commission by 3%, from the current 15% to 18%. I hope everyone understands.

Thanks again for your support!


The article is made public and aims to be shared for the benefit of others; please support "Creation is Valuable" and " Appreciate Citizen ".
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Me and @Paul. It is a team of validators of the LikeCoin node " BusinessAsMission ".
You are welcome to become our delegator and pledge your LikeCoin to our node, thank you for your support!
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