πͺΌPell Network - Pell Devnet 0.1.0 Node Setup

REq :
4+
8+
200+
Ubuntu 22.04+
πUpdate
Docker :
Install Docker-Compose :
Docker Permission to User
Contact the Pell Network Team And Collect The Accsess π₯
Docker Login :
Pull the latest Pell Node image :
Starting Pell P2P Node :
Change <your_node_name> with your moniker name :
Get $PELL Test Token :
Enter the Docker container environment to retrieve your node's address. This is necessary to request test tokens for staking. Run the following command to access the running container:
Create and retrieve your nodeβs address with the following command:
Contact the Pell team with your address to receive $PELL test tokens for staking. π₯
Once you have received the tokens, you can verify the balance of your account using this command:
Change <your_pell_address> with your Pell Adress.
Create Your Validator :
Create a new validator by staking apell tokens. Here is an example of creating a validator on PellChain Devnet. Save the transaction hash from the output.
amountis the amount of tokens to be bondedmonikeris the validator's namecommission-rateis the commission rate on block rewards and fees charged to delegatorscommission-max-rateis the maximum commission rate that this validator can charge. This parameter is fixed and cannot be changed after the validator is createdcommission-max-change-rateis the maximum daily increase of the validator commission. This parameter is fixed cannot be changed after the validator is createdmin-self-delegationis the minimum amount of apell the validator requires to have bonded at all time. If the validator's self-delegated stake falls below this limit, the validator gets jailed and kicked out of the active validator setgas-pricesis gas prices in decimal format to determine the transaction feeWhen specifying commission parameters, the
commission-max-change-rateis used to measure % point change over thecommission-rate. E.g. 1% to 2% is a 100% rate increase, but only 1 percentage pointmin-self-delegationis a strictly positive integer that represents the minimum amount of self-delegated voting power your validator must always have
To confirm your validator is created, run this command which shows the current status of your validator.
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