FAQs

OneFinity Node FAQs

❓ Can anyone run a validator node or must they be a Staking Agency? 📖 Anyone can run a validator node as long as it meets the following requirements.

❓ What do I need to be a validator? 📖 You'll need 3000 ONE + 1x OneFinity Validator SFT per node.

❓ What are the minimum specs to run a node? 📖 Minimum System Requirements for running 1 OneFinity Node are: 4 x dedicated/physical CPUs (Intel or AMD) with the SSE4.1 and SSE4.2 flags 8 GB RAM 200 GB SSD 100 Mbit/s always-on internet connection, with at least a 4 TB/month data plan Linux OS (Ubuntu 22.04 recommended) / MacOS

❓ What happens to the fees collected in the network? 📖 90% of the fees will be distributed among the validators, while the remaining 10% will go to the OneFinity Foundation.

❓ What will be the APR percentage obtained by delegating ONE to a OneFinity staking agency? 📖 It will be dynamic, approximately 30% in the first year with 1300 nodes running.

❓ How many ONE can be staked in a node? 📖The maximum balance per node is 25,000.

❓What is the period of unstaking? 📖 As in MultiversX, the unstaking period is 10 days (epochs).

❓Should we move Validator NFTs from MVX to OneFinity? 📖Yes.

❓Will there be bridges to OneFinity for ESDTs/NFTs/SFTs? 📖Yes, a native one.

❓Do system requirements increase with more than one node? 📖Yes, check the documentation under "Running a OneFinity node => System Requirements" for further info.

❓ Is there "Slashing"? If so, how does it work? 📖 There is no slashing; instead, there is jailing for nodes that fall below a certain rating level. Check the documentation in "Running a OneFinity node => Jail / Unjail" for further info.

❓ What will be the values of tx/s, block time, or finishing time? 📖They will be similar to those of MultiversX, however new developments on Mainnet are currently being upgraded and this will flow down to OneFinity.

❓Will multi-keys apply to OneFinity nodes? 📖Yes.

❓There is IPV6 support? 📖 At least initially only IPv4 support will be available.