Gnosis Chain launches a $5 million validator incentive program

ChainCatcher news, Gnosis Chain developer Gnosis Builders announced the launch of a $5 million validator incentive program. This new initiative is called "Gnosis VIP," aimed at increasing the number and diversity of validators through incentive mechanisms to achieve decentralization.

The announcement states that the Gnosis network currently has over 100,000 validators distributed across 60 countries, with the goal of increasing the number of countries to 180 by the end of the year. According to the official webpage of the program, for each of the 90 listed countries/regions, the first 10 validators to start operating in those locations will receive 388 Meta Gnosis (worth approximately $1,368.18) within six months. ( Cointelegraph )