Creditcoin Announces Incentivized Public Testnet with Participation Rewards and Bug Bounties
Creditcoin has released its incentivized public testnet, offering users the opportunity to join as a validator or nominator and earn substantial rewards. The testnet will transition the leading Real World Asset credit network from Proof-of-Work to Nominated-Proof-of-Stake. Participants can earn up to 400,000 mainnet CTC tokens and take part in a bug bounty reward program of up to $1,000 for identifying and reporting bugs.
Key Points:
– The testnet allows users to earn rewards and gain a head start before the official release of Creditcoin 2.0+.
– Users can participate as Validators or Nominators, with rewards of up to 2,000 CTC tokens for Validators and up to 100 CTC tokens for Nominators.
– Start by registering an account on the Creditcoin Community Forums and setting up a Polkadot.js wallet.
– Familiarize yourself with the staking process through the relevant documentation for Validators and Nominators.
– Bug reports can be submitted for a chance to earn rewards ranging from $10 to $1,000, depending on the severity of the bug.
Hot Take
The release of Creditcoin’s incentivized public testnet presents an exciting opportunity for users to actively participate in the network’s upgrade while earning substantial rewards. By transitioning to Nominated-Proof-of-Stake, Creditcoin aims to enhance its Real World Asset credit network. With the chance to earn up to 400,000 mainnet CTC tokens and bug bounties of up to $1,000, users have a strong incentive to get involved. This testnet phase allows for thorough testing and issue resolution before the full mainnet launch, ensuring a smoother transition to Creditcoin 2.0+.
By
By
By
By