1 00:00:14,230 --> 00:00:19,265 [HOST] Welcome to X1 Report, your source for the latest in blockchain news. Today, we're covering 2 00:00:19,265 --> 00:00:22,678 an important update regarding the X1 Bootstrap Bonus program. 3 00:00:22,928 --> 00:00:29,726 [ANALYST] The X1 Bootstrap Bonus, a key part of the early validator incentives, will end on November 4 00:00:29,726 --> 00:00:36,222 1, 2026, at 00:00 UTC. This means validators will soon receive their automatic airdrop 5 00:00:36,222 --> 00:00:39,696 based on their performance during the program. 6 00:00:39,946 --> 00:00:44,615 [HOST] According to Nick Pettas, a core developer at X1 Labs, the program will stop at that time 7 00:00:44,615 --> 00:00:49,126 and bonuses will be airdropped shortly after to the authorized withdrawer of each vote 8 00:00:49,126 --> 00:00:49,546 account. 9 00:00:49,796 --> 00:00:55,351 [ANALYST] It's important for operators to ensure they control the current authorized withdrawer 10 00:00:55,351 --> 00:01:01,102 address before the payout. The program has been running since Mainnet epoch 37, with the 11 00:01:01,102 --> 00:01:03,193 cutoff set for November 1, 2026. 12 00:01:03,443 --> 00:01:08,977 [HOST] This is the second validator payout in a month. On October 6, X1 sent out 5.39 million XNT 13 00:01:08,977 --> 00:01:14,265 of testnet rewards. The Bootstrap Bonus, however, focuses on mainnet work and includes 14 00:01:14,265 --> 00:01:16,478 validators who joined after genesis. 15 00:01:16,728 --> 00:01:23,579 [ANALYST] The program will end with the completion of epoch 427, which is estimated to end around 16 00:01:23,579 --> 00:01:30,352 13:30 UTC on October 31. Epoch 428 will be about ten hours old at the cutoff and won't 17 00:01:30,352 --> 00:01:31,533 earn any bonus. 18 00:01:31,783 --> 00:01:39,583 [HOST] As of October 8, the total earned in the Bootstrap Bonus was 179,270 XNT across 554 listed 19 00:01:39,583 --> 00:01:47,037 validators. The median bonus per validator was 249 XNT, with the largest at 1,536 XNT. 20 00:01:47,287 --> 00:01:55,841 [ANALYST] The total is worth about $33,300 at the current price of $0.1857 per XNT. Many validators 21 00:01:55,841 --> 00:02:04,011 have earned significant amounts, with 431 earning 100 XNT or more and 20 earning over 22 00:02:04,011 --> 00:02:04,972 1,000 XNT. 23 00:02:05,222 --> 00:02:09,359 [HOST] For those running multiple validators, if they share a withdrawer, expect one payment 24 00:02:09,359 --> 00:02:13,691 covering all of them. Validators who have stopped voting are still owed what they earned. 25 00:02:13,941 --> 00:02:19,258 [ANALYST] Before the cutoff, it's crucial to check your bonus and the authorized withdrawer address. 26 00:02:19,258 --> 00:02:24,456 Use tools like solana vote-account or the X1 dashboard to ensure you're prepared for the 27 00:02:24,456 --> 00:02:24,928 airdrop. 28 00:02:25,178 --> 00:02:29,604 [HOST] The Bootstrap Bonus is designed to be much smaller than the testnet airdrop, paying a rate 29 00:02:29,604 --> 00:02:32,751 on a capped amount of stake rather than a share of a fixed pool. 30 00:02:33,001 --> 00:02:38,437 [ANALYST] Each epoch is judged on its own, with criteria including active validator status, stake, 31 00:02:38,437 --> 00:02:43,625 commission, vote credits, skip rate, Tachyon version, and validators per withdrawer. 32 00:02:43,875 --> 00:02:48,354 [HOST] The skip-rate rule is particularly strict, as a single skipped leader slot can cost the 33 00:02:48,354 --> 00:02:52,473 epoch's bonus. Validators should stay on the current Tachyon version, keep their 34 00:02:52,473 --> 00:02:56,334 commission at 10% or below, and avoid restarts close to their leader slots. 35 00:02:56,584 --> 00:03:01,950 [ANALYST] X1 Labs designed the Bootstrap Bonus as the first DeFi activity on the chain, aiming to 36 00:03:01,950 --> 00:03:07,316 make validating the first source of yield for early XNT holders. The program has been a 37 00:03:07,316 --> 00:03:11,325 success, with one of the strongest validator sets in the network. 38 00:03:11,575 --> 00:03:16,420 [HOST] With the Bootstrap Bonus ending soon, validators should prepare by checking their bonuses 39 00:03:16,420 --> 00:03:20,992 and authorized withdrawer addresses. Stay tuned to X1 Report for more updates on the 40 00:03:20,992 --> 00:03:22,135 blockchain landscape.