Firstly, Babylonchain has not announced an airdrop or incentive for running a node yet but many people in the community believe they will do so in the next month or so.
So just to be clear, this is not a guaranteed return. however many successful chains usualy reward participants..
i think babylonchain has potential to be big.
The only cost to this is that you will need to set up a VPS. contabo are currently the cheapest. $12.50 per month for what we need.
step 1.
set up a VPS.
https://contabo.com/en/vps/
you will need 4cores and 8GB Ram
when you select, just leave all the options at default. only thing you need to add is a password for your VPS (scroll down on payment page)
DONT FORGET YOUR PASSWORD. SAVE IT!!!!!
after you have paid, your VPS should be up and running within 10 minutes... you will be sent loggin details.
step 2.
download Klein and install (easy node installer)
https://klein.run/
click on dive in then
click install on babylon option.
when its installed you will then have 2 boxes to fill in.
'ip address' and 'password'
the ip address is in the email sent to you from contabo when setting up VPS (it will show ip address under VPS)
the password is the password you generated in the VPS setup process when ordering.
then click on 'expecto patronum'
then wait for install to finish
your node may take a few hours to sync, so in the meantime set up your wallet and join the discord channel to receive tokens from the faucet.
step 3.
setup wallet in klein.
click on 'validator operations' to get the dropdown menu, then click on 'wallets'
then give your wallet a name, this can be anything its not important as long as you can remember it.
'create'
then you will be given a seed phrase to remember, write this down, or screencopy and save somewhere SAFE, do not lose this seed phrase or you will not be able to access your wallet from another device.
now go to babylon discord to get bbn tokens for your wallet... if you dont have a discord acount you will have to make 1.
https://discord.com/invite/babylonglobal
when you are in the babylon discord, select 'get a role' channel.
then click on the icon at the bottom that looks like a pc screen...you can also click on contributors, community etc, but the most important is to click on the tech icon.
now go back to klein and copy your wallet address (click on the copy icon)
then go to 'faucet' in discord.
in the faucet chat box type :
!faucet followed by your wallet address..
i.e.
!faucet bbn1wk0n399kuxh4fwxln6t8zseedaqx5mntmjwh3c.
1.1. tokens will then be sent to your wallet.
you can claim tokens from the faucet once every 24hrs.
thats it, after a couple of hours your node should be running.
