IoTeX Delegate Documentation
  • Introduction
    • đź‘‹ Welcome
    • What is a Delegate
    • Benefits and Rewards
    • Delegate Requirements
    • Hardware Specs
  • Get Started
    • Profile registration
      • Delegate Accounts
      • Name Registration
      • Staking Bucket
      • Server Information
      • Rewards Policy
      • Profile Data
    • Node Configuration
      • Acquire a server
      • Install requirements
      • Install the node software
      • Run the node
      • Verify the node status
    • Advanced
      • Server provider
      • Edge Proxy
      • Kubernetes
      • High Availability
      • Gravity Chain Binding
      • Improvements
    • Hosted Service
    • Delegate Endorsement
      • Delegate Sponsorship Program
      • Tutorials
  • Delegate Management
    • Access the portal
    • Delegate Performance
    • Delegate Rewards
    • Profile settings
    • Advanced Configuration
  • Addendum
    • Profits Projections
    • Glossary
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On this page
  • Overview of the IoTeX L1 Consensus
  • IoTeX Delegate Sponsorship Program
  • Apply to the Sponsorship program
  1. Get Started
  2. Delegate Endorsement

Delegate Sponsorship Program

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Last updated 1 month ago

Overview of the IoTeX L1 Consensus

IoTeX uses a consensus mechanism called Roll-DPoS, based on Delegated Proof of Stake (DPoS). In this system, anyone can run a node, but only those who are voted in by token holders are eligible to produce blocks.

Token holders participate by staking IOTX, which gives them voting power. They can then delegate this voting power to a specific node (or “delegate”) of their choice.

Anyone can self-nominate as a delegate by creating a Delegate profile, which requires a self-vote of 1.2 million votes (usually done by staking ~1.2M IOTX, though this can be much less depending on lock-up settings).

All Delegates earn “epoch rewards” every hour based on the number of votes they’ve received. However, only the top 36 delegates by vote count are selected to actually produce blocks, which leads to higher rewards.

IoTeX Delegate Sponsorship Program

The IoTeX Delegate Sponsorship Program helps new delegates by sponsoring the initial 1.2M self-vote requirement. In return, delegate teams are expected to:

  • Contribute to the community

  • Share rewards with their voters

  • Promote their role and attract more votes to rank in the top 36

Apply to the Sponsorship program

If you’re interested in applying to become a delegate and potentially receive support through the IoTeX Delegate Endorsement Program, you can submit your application via this Google Form:

https://forms.gle/q7PWRG6oiWtJAU5j6