Posted 11 months ago | by Catoshi Nakamoto

Last month marked the addition of Litecoin to Wanchain decentralised cross-chain infrastructure. This integration is the latest milestone in what has been an incredible productive half-year for the Wanchain team. On the eve of the selection of the eighth Storeman Group, Wanchain’s industry-leading cross-chain infrastructure already supports truly decentralised bridges connecting Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, XRP Ledger and Litecoin… with more integrations right around the corner! Interoperable DeFi is no longer just a light at the end of the tunnel. It is already here.

Litecoin has landed! Wanchain’s eighth Storeman Group selection begins July 1st!

The eighth selection cycle begin on July 1st, 2021.

Details

Selection period:

July 1, 2021 04:00 AM (UTC) — July 7, 2021 04:00 AM (UTC)

Confirmation period:

July 7, 2021 04:00 AM (UTC) — July 9, 2021 02:00 AM (UTC)

Working period:

July 9, 2021 04:00 AM (UTC) — August 9, 2021 04:00 AM (UTC)

Maximum number of Storeman nodes:

25 (including 1x Wanchain Foundation node)

Minimum stake per Storeman node:

10,000 WAN (including “Partner-In”)

Selection criteria:

24 Storeman nodes with the largest stakes

Delegation Fee:

10%

Delegation Ratio:

1:5

Supported wanBridges:

  • Binance Smart Chain-Wanchain bridge

How to create a Storeman node

The yield of running a Storeman node is generally 50% higher than becoming a delegator. There are two basic requirements to running a Storeman node:

  1. WAN tokens. A minimum of 10,000 WAN must be staked in order to run a Storeman node. The 24 Storeman nodes with the largest total stakes will be selected. Your node’s total stake is the sum of your own WAN tokens, and tokens staked via “Partner-In” and tokens staked by your delegates.

For the detailed operations of how to set up a Storeman, please go to Wanchain 5.0 Mainnet Storeman Setup Guide.

Note: If you are currently operating a Storeman node and do not wish to participate in the next Storeman Group selection, please be sure to withdraw your node using the Wanchain Wallet before June 30, 2021 at 07:00 AM UTC. Your staked funds will automatically be returned to your wallet on July 10th, 2021. Node rewards will continue to be issued daily during this withdrawal period. All nodes that are not successfully withdrawn prior to the start of the next selection period will be eligible for selection.

0*h13zoMn8b9 XGds9 Litecoin has landed! Wanchain’s eighth Storeman Group selection begins July 1st!

0*h13zoMn8b9 XGds9 Litecoin has landed! Wanchain’s eighth Storeman Group selection begins July 1st!

About Wanchain

True DeFi is interoperable — Wanchain is the world’s premiere decentralised blockchain interoperability solution. Our mission is to drive blockchain adoption through interoperability by building fully decentralised bridges that connect the world’s many siloed blockchain networks. This cross-chain infrastructure empowers developers to build truly decentralised cross-chain applications to power the future of DeFi.

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Original article published on Wanchain’s Medium.

About Catoshi Nakamoto

c6ea0c3794492f30883e516d39b2597a?s=90&d=blank&r=g Litecoin has landed! Wanchain’s eighth Storeman Group selection begins July 1st!Activist/Journalist, former writer - We Are Change, The Mind Unleashed, Coinivore, others. Currently writing for - Activist Post and Bitboy Crypto. Not Right or Left Apolitical. I Care About Truths (CATS.) Cryptocurrency enthusiast, I mined and lost 100+ BTC in 2010-2011. I work with - Bitboy, SoMee, CEEK, Presearch, and W3BT aka FMW Media Group. Friend of mostly everyone who isn't a dick. Just A Cool Cat.