Nominator contract in TON

CAT Validator - the product of the same company, which had made Tonscan Explorer, mentioned in the presentational article here.

"What is Validator?"

"Validator is the most important element of the network involved in storing blockchain data, formation of new blocks and confirmation of transactions - for this, validators receive a reward, which is divided among their delegates according to the number of coins they delegated." [CAT]

In sinple words Validator is a big node, a hub, which helps the ecosystem to do transactions and stay stable. Validator allows people to become a part of this node and opens the possibility of staking in TON.

"What is staking?"

"Staking is when you lock crypto assets for a set period of time to help support the operation of a blockchain. In return for staking your crypto, you earn more cryptocurrency". [Forbes]

Staking is a reward which a participant gains for assisting the blockchain operations. Participant locks fixed amount of coins into staking pool, where they grow similar to bank deposite.

"How to become a Validator?"

Read here - click

How to become a Nominator

Here in CAT Validator, which is the only Validator by now, who is built on the official TON smart contract and is fully decentralised, you need at least 10'001 Toncoin to stake.

There is another one popular and respectfull staking pool - TON Whales, but it uses its own smart contract and is not decentralised. Here you can stake from 50 Toncoin. To do it you need download Tonhub wallet, buy Toncoin and send coins to stake.

How to buy Toncoin in Cryptobot you can read in this article - click

If you have your own project and community you may create your own Token [ JetTon] to manage it. How? Read here - click