Free TON Rust Cup

Governance contests Finished Contests
#1

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This contest is dedicated to the memory of the designer of the greatest sport car of all times — Hans Mezger.

“it will never have enough power until I can spin the wheels at the end of the straightaway in high gear.”

                                       — Mark Donohue to Hans Mezger

About the Race

The Rust Race is endurance validator race competition. Validators will compete for a period of 1 month from 1 of February till 28 February (for a total of 37 cycles) for the Rust Cup.

During the competition many improvements and protocol changes will be tested and there will be an attempt to break the world record for Layer 1 blockchain protocols throughput in real network conditions.

Race Rules

The participating validators (racers) will have to endure possible network restarts, node failures, bugs, changes in the protocol and other unfriendly conditions. Any network or software issues are part of the competition.

The Rust Cup will be held on Rustnet which will run new Elector Contract supporting slashing.

At the beginning of the competition all racers will receive exactly the same Lock stake into DePool contract they have to run. The winners will be determined by the amount of Locked Validator stake + rewards from that stake in that DePool at the end of the Race.

The minimum stake in all Rust Cup DePools should be set to 1 mln tokens, to avoid an outsider to put stakes into racer’s DePool.

If the Race will have to be stopped (red flag), the same starting amount of tokens will be redistributed to the racers and the final result will be calculated by adding all balances before all restarts plus the end balance.

An attempt to replenish the validator stake by any tokens outside of Lock stake and validator rewards will disqualify the participant from the Race.

The Prizes

Rust Cup prizes are separated into three types of rewards: minimum lock stake, investor reward incentive and validator referral reward incentive.

Number of winners: up to 200

Lock stake: the winners will receive a 2 years lock stake into their DePool contracts on the Free TON main net, with amounts starting at 500,000 for the 1 place decreasing to the 100,000 for the last place.

On top of that and for the period of 4 years the Winners of Rust Cup will receive a special subsidy for each TON token invested into their DePool.

The subsidy has two parts: the investor incentive and the validator incentive. Both are calculated as percentage of the investor stake and depends on the duration of the stake.

In order to receive incentive the Investor Stake should be Locked into Rust Cup Winner DePool for a specific period of time. The Lock stake mechanism in DePool has been updated to include the possibility to Lock tokens to the sender address. The incentive is growing depending on the Lock stake duration as per the table below.

The incentive will be calculated automatically by a smart contract and sent to the Rust Cup Winner DePool as Vesting stake with the Investor and Validator addresses as beneficiaries. The vesting will release portions of incentive to both the investor and validator each election cycle. The validator may be required to provide a separate address for each new investor stake to enable vesting.

The Incentive program will run for all stakes invested into Rust Cup DePools within 6 months from the program start (after calculating the Rust Cup results, that is).

Special Prizes

As usual anyone who could find a bug in a node or a protocol will be eligible for prizes ranging from 5,000 up to 20,000 tokens depends on the bug severity.

There will be special prizes for developers of smart contracts which can lead to a bug discovery. The pool of such prizes will be determined before the Cup start separately. If you intent to participate please contact us at any of Free TON Telegram channels.

:checkered_flag:
Start your engines!

Addendums

A. Winners’ lock stakes

Lock stake Places
500,000 1
499,864 2
499,720 3
499,570 4
499,412 5
499,246 6
499,072 7
498,889 8
498,696 9
498,494 10
498,282 11
498,059 12
497,826 13
497,580 14
497,322 15
497,052 16
496,767 17
496,469 18
496,156 19
495,827 20
495,483 21
495,121 22
494,741 23
494,342 24
493,924 25
493,486 26
493,026 27
492,544 28
492,038 29
491,508 30
490,952 31
490,369 32
489,759 33
489,119 34
488,449 35
487,746 36
487,011 37
486,240 38
485,434 39
484,590 40
483,707 41
482,782 42
481,816 43
480,804 44
479,747 45
478,642 46
477,488 47
476,281 48
475,022 49
473,706 50
472,334 51
470,902 52
469,408 53
467,851 54
466,228 55
464,537 56
462,777 57
460,945 58
459,038 59
457,056 60
454,996 61
452,856 62
450,634 63
448,328 64
445,937 65
443,458 66
440,891 67
438,233 68
435,484 69
432,642 70
429,707 71
426,676 72
423,551 73
420,329 74
417,011 75
413,597 76
410,087 77
406,481 78
402,781 79
398,987 80
395,100 81
391,123 82
387,057 83
382,904 84
378,667 85
374,348 86
369,952 87
365,481 88
360,940 89
356,331 90
351,661 91
346,933 92
342,152 93
337,324 94
332,454 95
327,548 96
322,611 97
317,649 98
312,669 99
307,676 100
302,677 101
297,678 102
292,685 103
287,705 104
282,743 105
277,806 106
272,900 107
268,030 108
263,202 109
258,421 110
253,693 111
249,023 112
244,414 113
239,873 114
235,402 115
231,006 116
226,687 117
222,450 118
218,297 119
214,231 120
210,254 121
206,367 122
202,573 123
198,873 124
195,267 125
191,757 126
188,343 127
185,025 128
181,803 129
178,678 130
175,647 131
172,712 132
169,870 133
167,121 134
164,463 135
161,896 136
159,417 137
157,026 138
154,720 139
152,498 140
150,358 141
148,298 142
146,316 143
144,409 144
142,577 145
140,817 146
139,126 147
137,503 148
135,946 149
134,452 150
133,020 151
131,648 152
130,332 153
129,073 154
127,866 155
126,712 156
125,607 157
124,550 158
123,538 159
122,572 160
121,647 161
120,764 162
119,920 163
119,114 164
118,343 165
117,608 166
116,905 167
116,235 168
115,595 169
114,985 170
114,402 171
113,846 172
113,316 173
112,810 174
112,328 175
111,868 176
111,430 177
111,012 178
110,613 179
110,233 180
109,871 181
109,527 182
109,198 183
108,885 184
108,587 185
108,302 186
108,032 187
107,774 188
107,528 189
107,295 190
107,072 191
106,860 192
106,658 193
106,465 194
106,282 195
106,108 196
105,942 197
105,784 198
105,634 199
105,490 200

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B. Participants’ additional rewards (on top of validation)

Months Vesting reward as % p.a.
6 2.00
9 3.29
12 4.57
15 5.86
18 7.14
21 8.43
24 9.71
27 11.00
30 12.29
33 13.57
36 14.86
39 16.14
42 17.43
45 18.71
48 20.00

image

C. Validators’ referral rewards (on top of validation)

Months Referral fee as % of stakes
6 5.29
9 5.41
12 5.58
15 5.83
18 6.17
21 6.63
24 7.27
27 8.12
30 9.22
33 10.59
36 12.23
39 14.10
42 16.10
45 18.11
48 20.00

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26 Likes
#3

how to join？i want to rusttest

1 Like
#4

If one winner operates several winning nodes, will it be possible to lock all prizes into one DePool of such participant?

3 Likes
#5

It must not be possible, IMO. As well as “aggregating” MLudi and RustCup DePools.

1 Like
#6

Is Lock stake will be same as from Magister Ludi game? i.e. all rewards are goes to validator?

#7

Challenge accepted. Fix our node name for this race: Walter Röhrl.)))

#8

No word about slashing value in rust cup

#9

не поддерживаю
победители раст кап получают лок, с которым они не смогут валидировать, без привлечения внешних средств
т.е. приза, как такового нет

I do not support
the winners of the rust cup get a lock with which they will not be able to validate, without the involvement of external funds
i.e. there is no prize as such

5 Likes
#10

@Mitja , I think Community need AMA, to understand everything. Many questions in group.

2 Likes
#11

I don’t support this proposal. Many winners of this contest will not be able to attract investment to their Depool and will not be able to validate.

3 Likes
#12

It only means that there is no point for such “potential winners” to participate at all.

#13

I consider this is a great proposal:

  1. We need to test and learn RUST NODE
  2. We need to test new elector
  3. Great incentive for both investor and validator
  4. Good timing calculation stimulating buying and holding TONs

We need some additional clarification:

  1. Can a person run several nodes and win several positions or this is a one person = one winner cup?
  2. Should we have KYC for a winner?
  3. Maybe not clear about participant and validator calculation of incentive. We need an example.

Please confirm that I understand right:

For example, we have a Participant who locked 100k for 48 months.

Participant will receive:

  1. standard profitability (8% now but will be 1.5 times less with increased number of validators)
    plus
  2. 20% per annum, i.e. 20k p.a. or 80k during 4 years lock period

Validator will receive:

  1. Standard depool fee (like 5%)
  2. Plus 20% from the stake, i.e. 20k for 4 year period?
1 Like
#14

My undestanding:

  • No KYC mentioned == no KYC required;
  • Then the question about one person == one winner is not relevant;
  • The example looks correct.

P.S. One beneficiary == one vesting stake implies that the validator would need to provide a separate wallet for each new participant with a self-lock stake.

1 Like
#15

There should be minimum direct reward, because other way there are no prizes. You will have to run high-end node with depool and hope that 400 mio of tokens distributed get to your depool. Which is not really likely.

4 Likes
#16

Необходимо увеличить награды, это несоизмеримо с призами Magister Ludi, а требования к серверам гораздо выше. Валидаторы должны валидировать, а не заниматься маркетингом

The rewards need to be increased, this is not commensurate with the Magister Ludi prizes, and the server requirements are much higher. Validators should be validating, not marketing

4 Likes
#17

the reward structure is too complex to make it safe to go through the current governance procedures.

so i also would like to see a ready-to-go mechanism to distribute rewards (Prize DeBot?).

2 Likes
#18

If purpose is to enlarge number of validating nodes - lock Stake for winners should vary from 400k to 1m. Sofisticated mechanism of attracting external funds seems not workable, it do not reflect psichology of traders

1 Like
#19

It was said somewhere (weekly meetup?) by somebody (Mitja?) that we already have enough validators on the Main Net, thus [main] purpose of this contest is clearly not to enlarge their number.

2 Likes
#20

The question is where to participate and how to participate?
Is there a document?

我需要有人 将这个比赛翻译成不同的语言，例如中文。

#21

Information will be updated here as well as in the validator channels in Telegram