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As part of the ongoing efforts to ensure a smooth onboarding process for Node Validators onto the Vulcan Blockchain, a comprehensive 3-stage approach will be implemented. This process is designed to streamline the verification and validation of Node Validators, ensuring that only eligible and trusted participants are allowed to join the network. Each stage of the onboarding process will be released in a phased manner. This article serves to give a high level overview of the 3 stages with actions to take now during Stage 1.
The first step in the onboarding process involves choosing the wallet you will use for your verification. This wallet will be THE wallet used throughout the entire Node Onboarding process. This wallet must contain your Node NFT(s). Your KYC NFT will be airdropped to this wallet and will not be able to be moved. This ensures that only those Validators who meet the requirements set by the Vulcan Blockchain are eligible to proceed to the next step. This wallet will also be used to receive/claim your rebased $VUL.
If you have Node NFTs stored in different wallets, you have the option to simplify the process by combining them into a single wallet. However, it’s important to note that if you prefer to keep your Node NFTs in separate wallets, you are free to do so. Nonetheless, combining them into one wallet can help streamline the onboarding process.
As a crucial step in the onboarding process, Node Validators are required to undergo a thorough KYC (Know Your Customer) verification process through Assure DeFi. This verification process includes the collection and verification of personal and financial information, such as identification documents, contact details, and financial history. Assure DeFi, a trusted and compliant KYC service provider, ensures that the Validators’ information is securely collected and verified in compliance with relevant regulations and industry best practices. This step is vital in establishing the integrity and trustworthiness of the Node Validators, as it helps prevent potential fraudulent activities and enhances the overall security of the Vulcan Blockchain network. After being accepted you will receive a KYC NFT that will be soulbound to your wallet, meaning it cannot be transferred.
The KYC verification process will be conducted by Assure DeFi at a price of $289 USDC per person. There is no additional fee for holders of more than one node. More information about the KYC verification process will be released before launch of Stage 2.
Once the KYC verification process is completed and the Validators’ information is deemed valid and trustworthy, the final step involves the actual onboarding of the Node Validators to the Vulcan Blockchain. This includes providing the necessary access credentials (Node NFT and KYC NFT) and technical configurations to enable the Validators to join the network and actively participate in the blockchain ecosystem. During this final stage you will receive a secondary wallet address for all node earnings to be deposited.
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