Raiinmaker Network Protocol: Introducing the Coiin Validator System

Team Raiinmaker
5 min readSep 26, 2023

--

The Raiinmaker Network Protocol is powered by a unique Consensus mechanism with Independent and Proxy Validators hashing final proof of transactions and network activity via Raiinmaker’s Network Validation Layer (NVL). Coiin Validators sign blocks and notarize a hash based proof of network consensus on top of other Public blockchains including Ethereum, Bitcoin, BNB Chain, Polygon, and Algorand, as they compete for a share of each month’s Coiin Validator Mining Rewards.

The Coiin Validator System is composed of Independent and Proxy Validators, who compete for $COIIN based on distinctive identity, behavior, and economic based rewards variables including the incentivization of Validator’s self-custody staking of $COIIN tokens.

Under the Hood of The Coiin Validator System

The Coiin Validator System calculates the cumulative value generated on the Raiinmaker Network during each Monthly Token mining period. This value is derived from a variety of factors, including the number of apps/users on Coiin, the number of User Action Layer (UAL) signed blocks, the number of user actions across the network, the number of smart contract executions and token transfers, and the number of new registered identity factors. Subsequently, a corresponding number of $COIIN tokens are minted based on the value of cumulative network activity over the 29.5 day minting period.

A portion of $COIIN tokens are distributed to Validators proportionally based on their Validator score, which is determined by a combination of Identity, Behavior, and Economic Variables for each Independent and Proxy Validator.

Independent Nodes & Identity Behavior-Based Validator Rewards

On the Raiinmaker Network Protocol, Validators compete for a share of the newly minted $COIIN tokens via Independent and Proxy Nodes registered on the Raiinmaker Network Console and the Raiinmaker AI Super App. Independent Validators run nodes that independently verify and sign blocks on the Protocol’s Network Validation Layer (NVL), with Nodes deployed on the Validator’s Desktop CPU, Server, or even via a Mobile Device.

Perhaps one of Raiinmaker’s most notable technological achievements to date is the capability for Raiinmaker app users to function as truly Independent Validators on the Raiinmaker Network. Utilizing a unique cryptographic keypair on the user’s mobile device, Raiinmaker app users sign NVL Blocks without any technical knowledge or expertise, with all Validator functions running seamlessly in the background. This enables millions of Independent Validators with no technical expertise or Blockchain IQ to secure the Network with an extreme level of decentralization.

Another novel feature of the Coiin Validator System lies in its identity and behavior-based reward distribution. The Coiin Mining algorithm calculates a score for each Validator derived from a series of measured and weighted variables including behavior, network activity, identity, and other economic variables. By rewarding Validators based on behavior that is beneficial to the health of the Network and Ecosystem (such as holding and staking Rewards and $COIIN on the Network), the Protocol incentivizes users to act in a manner that benefits all stakeholders. It creates an environment where each user’s actions carry weight and collectively increase the value of the Network exponentially making the network truly decentralized and community-owned and operated.

Proxy Nodes & Self-Custody Validator Staking

In addition to the Identity and behavior-based validator rewards, Raiinmaker introduces an innovative self-custody staking feature, adding an extra layer of incentive for users to secure the network. Validators earn rewards by staking their $COIIN tokens in their personal wallets connected to their registered Independent or Proxy Validator Node. This aspect of the Validator Reward calculation is verified through time-based smart contracts, ensuring transparency and reliability, with greater rewards earned based on the duration held and amount of $COIIN Tokens staked on the Network.

Proxy Nodes on the Network operate through a Non Custodial Delegated Proof of Stake mechanism, where Proxy Validators are rewarded for locking up $COIIN Tokens on the Network in connection with their registered Proxy Node. The staking of $COIIN for Proxy Validators is fully liquid with users maintaining the ability to un-stake or withdraw tokens at any time. Conversely though, Validators are rewarded the longer they keep tokens staked to the network.

Network Equilibrium: Distribution of Value and Validator Rewards

Maintaining balance in the $COIIN Token Economy is crucial to the long term sustainability of the protocol and ecosystem. To achieve this balance, the Raiinmaker Network Protocol introduces universally applicable parameters tied to Identity, Behavior and Network Reputation. These variables serve as a mechanism to balance the value created on the Raiinmaker Network and the subsequent fractional and equitable distribution of rewards to Independent and Proxy Coiin Validators. By ensuring this balance, the protocol guarantees that there are fair and adequate validator incentives to support the network.

Become a Raiinmaker Network Validator

Get involved as a Raiinmaker Network validator! You can sign up right on the app or on the Coiin Console and start earning rewards.

Learn more by clicking over to this Medium article.

About Raiinmaker

Raiinmaker is an innovative Web3 and AI technology company that has successfully developed the Raiinmaker AI Super App and Raiinmaker Network. The Raiinmaker App is a cutting-edge Web3, creator platform that revolutionizes the monetization of users’ contribution to AI infrastructure. The Raiinmaker Network combines scalable Web3 and AI infrastructure that redefines value creation tied to digital identity, behavior, and reputation.

The Raiinmaker app is powered by the Raiinmaker Network, providing seamless integration with native Protocol Web3 features. These features include Identity, NFT Minting, Token Creation, and AI Powered Smart Contracts.

For more information, please visit our official websites: http://www.raiinmaker.com and https://coiin.ai/.

Get Involved

Join our community forum on Discord and engage with like-minded individuals passionate about our vision and technology.

Follow Raiinmaker for up to date app releases, news, contests, giveaways and campaign progress.

Twitter | Discord | Telegram | Instagram | Facebook | LinkedIn

--

--

Team Raiinmaker

Raiinmaker is a Web3 and AI Technology Company that has developed the Raiinmaker AI Super App and Raiinmaker Network Protocol.