Using Magnet Stack : Coretime Configuration
Step 1: Coretime and basic information configuration
Last updated
Step 1: Coretime and basic information configuration
Last updated
Open the Magnet Stack app and select your desired coretime type using the button at the top.
Magnet's on-demand coretime mode includes on-demand block production. If no transactions occur, block production will be halted.
Basic Information:
- Input the name of your chain and the ParaID you reserved.
Native Token:
- Define your native token or use DOT as the native token for your chain.
- If using DOT, select "DOT as GAS."
- Set your token's decimal places.
Coretime Order Control:
Config these parameters to utilize Magnet Network’s order control mechanism for on-demand orders.
- Price Limit: Sets an upper limit for coretime price. Orders will not be placed if exceeded.
- Price Threshold: Controls profitability from gas collection.
Price Threshold is available only when using DOT as GAS because coretime cost and revenue are measured in different tokens if using a native token.
For more information about Magnet's coretime mechanism, please refer to these sections:
Magnet CoretimeCoretime Order Control and AssuranceSudo Account:
- Input your sudo account address, which will also be used in profit distribution management.
- Set the initial balance for the sudo account (if not using DOT as GAS).