What are Validator Node Licenses?

Licenses are NFTs on the HIVE Blockchain that allow users to Operate the SPS Validator Nodes.

A maximum of 60,000 Licenses will be printed and sold, which can be easily transferred to other players or traded on secondary markets. They also allow players to operate Validator Nodes and get different tokens as rewards.

The SPS governance system works via a Delegated Proof of Stake (DPoS), with more detailed info in the Validator Node Overview.

How do I get a License?

Licenses can be bought in the in-game shop or decentralized exchanges like Hive-Engine or Tribaldex.

On the Shop page, licenses can be purchased with SPS. Sales are split in tranches; the price of a validator node may vary depending on the current tranche and the SPS market price.

Buying a LICENSE on the market burns 80% of SPS spent during the purchase. The remaining 20% of the SPS tokens are allocated to the SPS Foundation and are reserved to continue incentivizing SPS validator node operation.

How do I operate a Validator Node?

The validator node software was launched on March 7th. Rewards are awarded to users who operate an active validator node or have a third party run the software for you (stake your license), so you just need to activate your license. You can find more info in this peakd post:  SPS Validators Lunch

- To run the node validator yourself, you'll find all the required technical details on the following GitHub.

- To stake your license with a third party, you can use the services provided by Peakmonsters and Monstermarket.

Rewards

3.375M SPS per month and 20000 VOUCHER per day are distributed equally among all license holders actively running a validator node and 375k SPS are distributed as validation rewards.

Info about the SPS Rewards can be found in the SPS Whitepaper, meanwhile, VOUCHER rewards details can be found in this article about Validator Node Rewards.