☑️Solchat Validator

What is solana Validator?

A Solana validator is a server that helps operate the Solana blockchain by verifying transactions, securing the network, and processing new blocks. Validators ensure the accuracy of the ledger and contribute to the network's consensus by staking SOL, Solana's native cryptocurrency. They play a key role in maintaining the security and decentralization of the system. Validators can earn rewards for their participation, but they also risk losing their stake if they act dishonestly. This creates a strong incentive for them to operate in the best interest of the network.

Whats the use of Validator of Solchat Holders?

The purpose of the Validator for Solchat holders is to generate revenue since there is no direct revenue sharing for staking. We are using Solchat validators as a public validator with only 2% commission, which is a good rate for staking SOL and helping to secure the network. The 2% commission revenue will be used to provide staking rewards.

Validator Keypoints

• We have successfully tested our validator on the testnet and have now moved it to the mainnet.

• Due to limited SOL staked, we are currently unable to vote.

• Since this is a mainnet validator, please be patient if we encounter issues such as IO throughput, server downtime, or reboots.

• Initially, the community selected Latitude for validator hardware, but due to KYC issues, we chose Contabo instead.

• For the first month, we will run the validator on mainnet and monitor for any issues.

• After this testing period, we will add our validator details to public validator directories

Solchat Validator Info

Provider	Contabo
CPU	AMD
Cores	16 x 2.80 GHz
Storage	1TB NVMe SSD
Speed	1 Gbit/s
RAM	256GB
AVX512f	Supported
Location	EU
IP address	209.145.60.177

Solchat Validator Identity

CHATQ4ZrcnWmHhk55epdgZ4cuRGMS6AYPVQRDkA25jsr

Since this is still a test phase for Mainnet Validator , this validator will frequently restart because we might add RAM, SSD etc

Solchat Validator Vote

CHATWqpN6PkLSRzPJbqBsVjaFoq4ikbARMVPP3XikSAG

Solchat Commision 2% tx

989JU9EoRccfgLcvViT9q7tqVLdqGRirDmRAPA1MapMaM5aerRMZegGGWBK2KgRTRhphbxvtgrXZLavefu3mo5Z

I have Dev background , how can this help?

Step 1: Install Solana CLI. Step 2: Create a key for the stake account:

solana-keygen new -o ~/validator-stake-keypair.json

Step 3: Search for the validator:

solana validators

Step 4: Delegate your stake:

solana delegate-stake --stake-authority <KEYPAIR> <STAKE_ACCOUNT_ADDRESS> <VOTE_ACCOUNT_ADDRESS> --fee-payer <KEYPAIR>

Step 5: Monitor the stake:

solana stake-account <STAKE_ACCOUNT_ADDRESS>

Output Sample:

Total Stake: 5000 SOL  
Credits Observed: 147462  
Delegated Stake: 4999.99771712 SOL  
Delegated Vote Account Address: CcaHc2L43ZWjwCHART3oZoJvHLAe9hzT2DJNUpBzoTN1  
Stake activates starting from epoch: 42  
Stake Authority: EXU95vqs93yPeCeAU7mPPu6HbRUmTFPEiGug9oCdvQ5F  
Withdraw Authority: EXU95vqs93yPeCeAU7mPPu6HbRUmTFPEiGug9oCdvQ5F

Step 6: Deactivate your stake:

solana deactivate-stake --stake-authority <KEYPAIR> <STAKE_ACCOUNT_ADDRESS> --fee-payer <KEYPAIR>

Step 7: Withdraw your stake:

solana withdraw-stake --withdraw-authority <KEYPAIR> <STAKE_ACCOUNT_ADDRESS> <RECIPIENT_ADDRESS>

I'm a Solchat holder, how can this help?

Since this is a new validator, we need to stabilize for listings. After being listed in validator directories,we might receive users to stake SOL on our validator, and the 2% commission will be used for staking rewards. In the meantime, as a community, you can help grow our user base by using chats, global chat, streaming, and sharing on X (formerly Twitter). Invite others, make posts, and write blogs to spread the word. Thank you for your support