All Minter network users (individuals or legal entities) have their name and role that depends on goals and tasks they solve within network. Those roles are neither chosen at sign-up nor assigned for some achievements.
- Validator is a user who keeps a node up and running as well as verifies and signs transactions. The fact is Validator maintains the network’s operation. A Validator can vote on major decisions in Minter network. Validator’s voting power depends on the size of the stake (own + delegated) directly.
- Delegator is a user who delegates (bonds) his coins to selected Validators and thus gives him a vote. It allows the Validator to increase his voting power. The Delegator constantly receives a reward from the delegated coins.
- Coiner is a user who issues his custom coins (tokens) for maintaining and promoting own projects, integrating them into an offline-business or for other purposes.
- User simply use a wide functionality of Minter network, performs transactions, pays for purchases, invests in promising Custom coins and receives profit.
Thus the same user can launch a node and become a Validator, as well as create a project and issue its tokens, becoming a Coiner at the same time.
As an example, a legal entity that has a functional business creates its own Minter network token. In that case this entity becomes a Coiner and directs a share of their profit to Validators’ nodes, becoming a Delegator at the same time. But the legal entity that receives payments and/or makes purchases with Minter network tokens is a common User.