Owly Farm Invests in Splinterlands Community Validator (SCV tokens)
To continuously expand the community's potential to help more members, Owly Farm invests in one of the newest tokens in HIVE, Splinterlands Community Validator (SCV). The purchase was done to support projects in HIVE Blockchain and to add more prizes to our giveaway streams.
The team purchased 13,504 SCV tokens. A portion of this purchase will be allotted for giveaways. It is a great opportunity for our community to take part in this investment because it will allow us to gain benefits from validator nodes even without buying validator nodes.
The SPS validators, like the hive's witnesses, will verify transactions and be rewarded with SPS tokens as a result. The validators require licenses to operate, which can cost up to $40,000 worth of SPS based on the final phase of sales. Not everyone has a deep pocket to purchase a node, the SCV allows the token holder to take part in being a validator by just holding the tokens.
The @hivebuilder project initiated the release of the SCV tokens. Hivebuilder is a project supported by long-time hive users to help the community earn from token purchases. Check updates on their account here: https://peakd.com/@hivebuilder.
Each token you hold represents your share in the node so basically the more tokens you have the bigger the share you hold. The team also added voucher payouts for holders. They will give 80% of voucher gains to the heolders and on June 10, 2022 voucher dividends for SCV had been sent to the distribution account, and his just waiting to be sent to holder accounts. It is not too late to join the distribution list you can still buy SCV at the following links:
Currently, a minimum of 100 SCV is required to receive approximately 0.001 vouchers daily.
SCV Giveaways on Owly Farm
Owly farm streamers will be giving away 10 SCV tokens per stream so catch them live over the Owly farm twitch channel. There will also be a possibility of adding SCV to Splinterlands Tournaments make sure to check on our discord for the updates.
Owly Lessons: Crypto Terms
Validators are node operators who each keep a copy of the blockchain and perform specific functions to ensure the system's security. They are essentially the moderators of a token's staking system. Accounts running validator nodes in Splinterlands will be responsible for validating all SPS transactions and controlling the SPS foundation funds.
How can a splinterlands player benefit from validator nodes?
Aside from making securing the system, accounts that run validator nodes receive rewards. The process goes something like this:
- Any account with staked SPS tokens votes for an account that runs a validator node.
- A random block in the HIVE blockchain will be assigned to a validator (based on the amount of staked SPS votes they have).
- The Validator will publish to the Hive blockchain a hash of the data in that block, which can then be checked and confirmed by all of the other validators.
- When the block is confirmed, the validator will be rewarded in SPS tokens for validating it.
Basically, The higher the staked SPS that votes for a specific validator, the more blocks they will be assigned and the more rewards they will receive.