Validators are tech and security contributors who have a significant role in a Proof of Stake blockchain. Validators must be qualified from its technical and fundamental base requirement.
Gitshock Finance networks is divided into Gitshock Chain EVM and Tendermint Core based Neware Chain which rely on a set of validators that are responsible for committing new blocks in the blockchain. These validators participate in the consensus protocol by broadcasting votes which contain cryptographic signatures signed by each validator's private key.
Validator members can bond their own staking tokens and have the tokens "delegated", or staked, to them by token delegators. The GTFX is Gitshock dual PoS Chain's Native token. At its onset, The Dual Chain will launch with 100 validators. The validators are determined by who has the most stake delegated to them - the top 100 validator candidates with the most stake will become Gitshock Dual Chain Validators (the genesis validators board composition is 10% on Gitshock Chain and 90% on Neware Chain).
Validators and their delegators will earn GTFX as staking reward which came from transaction fees through execution of PoS blockchain protocol. Initially, transaction fees will be paid in GTFX on both networks. Total Transaction fees in a single validating season will go to Gitshock Finance Treasury and deducted by 2% annually to reduce the block rewards and once the PoS reward pool is almost drained, Governance can add more token rewards from the treasury account. Note that validators can set commission on the fees their delegators receive as additional incentive. However the deduction by 2% can be customized based on DAO proposal proposed on the chain.