👁️‍🗨️Overview

The Relationship between KIP Checker Node License Owner and KIP Checker Node Operator

KIP Checker Node License Owner (License Owner) owns the Checker Node License, which is an ERC-721 non-fungible token (NFT) that represents authorization to operate a verification node on the KIP Protocol network. License Owner can manage their checker nodes via Node Owner Hub.

KIP Checker Node Operator (Node Operator) runs the checker node via Checker Node Client / Checker Node CLI.

Procedures to run the checker node

1. User purchases licenses (in the form of NFTs) and become License Owner;

2. Node Operator creates a burner wallet address in the Checker Node Client (Windows GUI or Linux CLI);

3. Node Operator sends burner wallet address to License Owner; the License Owner could also be the Node Operator if he/she wishes to run nodes by him/herself;

4. The License Owner logs into the Node Owner Hub and initiates the delegation flow under the Node Delegation tab;

5. Node Operator approves the delegation via the Checker Node Client GUI or CLI;

6. The License Owner will then earns rewards dependent upon their node uptime, with the relevant analytics being viewable via Node Owner Hub.