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Gnosis Builders, developer of blockchain network Gnosis Chain, has announced a $5 million project to increase the number and diversity of validators through incentive mechanisms. The new project is called Gnosis VIP, according to an April 18 announcement from the company.

As part of the new project, Gnosis is launching a Geographic Diversity Program that seeks to increase the number of countries Gnosis Chain validators are located within.

The network currently has over 100,000 validators spread across 60 countries, and the programs goal is to increase the number of countries to 180 by years end, the announcement said.

According to the programs official webpage, for each of the 90 countries listed, the first ten validators that start operating within them will receive 388 meta Gnosis (worth $1,368.18 at April 12 prices) over the course of six months. Meta Gnosis (mGNO) is the wrapped and staked version of the networks native coin, Gnosis (GNO). Each mGNO can be redeemed for 1/32 GNO.

The first payment of 38 mGNO ($134) will be disbursed after the first 30 days the node operates. The size of the payment will increase each month, and the last payment at the end of the six months will be for 98 mGNO ($345.57).

Related: 1Inch network expands to Gnosis Chain and Avalanche

In an email statement to Cointelegraph, Gnosis CEO Martin Kppelmann expressed hope that the new program will help to improve both the security and performance of Gnosis Chain:

Debates often rage in the crypto community over which networks are the most decentralized, with many experts claiming that a network cannot be scalable, secure, and decentralized at the same time. This conflict in design philosophy is often called the blockchain trilemma.

In his email statement,Kppelmann emphasized that geographical diversity is only one aspect of decentralization, and others are also important to ensure resilience and security.

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Gnosis Chain spends $5M on validator incentive program for decentralization - Cointelegraph