Hey All,
Ok as promised, I told that I would be writing about why one need to check their Teritori Node Validators status and how they can do it. But before we get there it is imperative to have some understanding about this project which is name Teritori - the super Dapp for unstoppable organizations as they call themselves. The Teritori Network, is a blockchain based on the Cosmos SDK. This network facilitates the connection, growth, and launch of new projects for both IBC and non-IBC communities. The key aspect is that $TORI serves as the governance token for this chain. Additionally, I have a positive history with $TORI; in the past, the token played a crucial role in helping me repay my collateral loan. I utilized the staking rewards from $TORI, obtained during its peak trading period, to settle my crypto loans, also known as collateral loans. As of today here is my #TORI stake with almost 9K TORI staked to two validators which are:: #CosmosPug & #Golden Ratio Staking
If you carefully noticed, I had #TORI staked to other validator which now represents its address only and it in between this validator had deactivated its node. And its quite obvious once the node operator has deactivated their node there is no rewards being paid out who have staked tokens with them. Therefore it becomes imperative that one should frequently check if their node operator is active or not and based on the current status take actions accordingly. Here is when I noticed the same and to my surprise I was missing on all those #TORI rewards::
I immediately went ahead redelegating #TORI to one of my existing validator #CosmosPug and once the redelegation transaction was successful my #TORI rewards started to increase. So ideally this is not the case of Terotori Network it could be for any blockchain which is having validator nodes with whom users stake their tokens for rewards. Its crucial to check frequently the status of node operator and not only that check on the commissions they are charging. f you notice the commission is exorbitant - unreasonably high then you know its time to change the validator to someone else with a decent commission and has a good amount of tokens staked or is having a high rank where they are coming in Top 20 or 50 Validators list. Anyways that's all about it that I had to say on Teritori Node Validators - they are some nodes who are in deactive state and one need to definitely take some actions. Finally with my #TORI stake the strategy strategy ahead is going to be stay invested so I am not touching the staked #TORI tokens for sure. Its a bit sad to see this token trading at lower levels around $0.04 cents there was time when I saw it trade more than $0.50 cents. Hoping for the best in near futre.. #TORI to the moon sooon... cheers
Have Your Say on Teritori network #TORI - HODL Vs SELL?
Did you hear about Teritori network and its token #TORI? Do you HODL #TORI tokens? What are your thoughts on Teritori network project overall? Let me know your valuable views in the comment box below.
#tori #teritori #torinetwork #nft #riot #riotNFT #strategy #redelegate #redelegation
Teritori Node Validators - Check them out - You may missing on SAKING Rewards #TORI...
Image Courtesy:: teritorinetwork, explorer.teritori.com
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers