Blockchain Interface Improvement for Staking

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VTBDex Updates

 Date: February 14, 2024

Available at https://vtbdex.com/

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VTBCommunity Announcement – VTBDex – Technical Updates – Blockchain Interface Improvement for Staking

Dear VTBCommunity members,

We are delighted to inform you that exciting improvements are underway that will significantly elevate the functionality and usefulness of the VTBCommunity blockchain. We’re thrilled to share this pivotal advancement with you, as it enhances our blockchain interface, unlocking a realm of possibilities for our community in an even more user-friendly environment.

This notification serves as an advance notice before the deployment of a transformative update scheduled for Tuesday, February 19, 2024. This upgrade is an important milestone in our journey, as it touches up our blockchain interface for Staking, Nomination, and Nomination Pools.

Enhanced Blockchain Interface: Staking, Nomination, and Nomination Pools

The upcoming code update will upgrade the blockchain interface for Staking, Nomination, and Nomination Pools. This interface empowers users to stake their tokens, nominate existing validation nodes, and initiate Nomination Pools in an even more user-friendly atmosphere. By doing so, VTBC holders will have the opportunity to earn block validation rewards alongside validator node owners, thereby putting their tokens to work in a meaningful way.

Empowering our Community

This renovated interface empowers our community members in several ways:

• Staking Tokens: Users will have the ability to stake their tokens, allowing them to actively participate in network validation processes.
• Nomination of Validation Nodes: Community members can nominate existing validation nodes, contributing to the decentralization and security of our network.
• Starting Nomination Pools: VTBC holders can initiate Nomination Pools, providing an opportunity for token holders to collectively stake their tokens and earn block validation rewards.

In essence, by participating in these activities, VTBC holders can actively engage with the VTBCommunity ecosystem, potentially earning block validation rewards alongside validator node owners and making them part of the governance power. Additionally, this functionality will provide validator owners with easy access to their nodes.

Accessing the Interface

After deployment, comprehensive documentation will be provided on how to use the user interface (UI). You can access the UI information through all the available VTBDEXs, like vtbdex.com, as well as the alternative blockchain interface provided by polkadot.js.app. This documentation will ensure that all community members can make the most of the functionalities seamlessly.

Functionality disruption during deployment

While implementing, there may be some temporary short disruptions in functionality. Please rest assured that our team is working diligently to ensure a smooth transition.

Conclusion

This forthcoming upgrade underscores our commitment to cultivating a dynamic and rewarding ecosystem for all VTBCommunity members. We’re thrilled about the possibilities it brings and look forward to seeing the positive impact it will have on our community.

As always, our deepest gratitude to all our members for your continued support and engagement as we strive to create a vibrant community. Together, we are building a stronger and more resilient ecosystem for all VTBCommunity members.

Thank you,

The VTBCommunity Foundation
vtbcommunity.org