Streamr Announces Start of Testnet 2 for Incentivized Data Broadcasting Network
Zug, Switzerland, December 21st, 2023 – Following the success of Testnet 1, Streamr is thrilled to reveal the launch of Testnet 2. This second incentivized testnet, running from December 21st to January 8th, 2024, offers a reward pool of 1.5 million DATA tokens (approximately $104k USD) for node Operators to bootstrap a decentralized data broadcast network.
Key Dates and Rewards
- Testnet 1: December 5th – December 12th (Reward Pool: 1 Million DATA, $69k)
- Testnet 2: December 21st – January 8th (Reward Pool: 1.5 Million DATA, $104k)
- Testnet 3: January 15th – January 29th (Reward Pool: 2.5 Million DATA, $173k)
- Streamr 1.0 Official Release: February 2024
How to Participate in Testnet 2
To earn a share of the DATA rewards, participants can download the latest version of the Streamr Node and become an Operator or delegate their DATA tokens to a trusted Operator. Operators ensure proper message forwarding to other nodes, while Delegators provide liquidity in the form of DATA tokens.
Stream Sponsorships and Roles
Stream Sponsorships are smart contracts that release funds to Operators over time. The amount of DATA tokens staked on a Sponsorship determines the Operator’s share of the token flow. To learn more about the roles in the Streamr Network, read this blog.
Testnet 2 Details
Testnet 2 will be funded with 1.5 million DATA tokens ($104k). Stream Sponsorships will be active until the end of Testnet 2, and Operator penalties will remain low.
Next-Gen Use Cases in 1.0
The 1.0 milestone enables Streamr to explore new use cases, including enhancing the data broadcasting capability of Decentralized Physical Infrastructure Networks (DePINs), providing reliable data access for AI, and decentralized video streaming.
Get Started with Testnet 2
To join the journey towards a decentralized data economy, prepare your nodes and claim a share of the remaining DATA tokens. For support and updates, join the Streamr Discord community.
About Streamr
Streamr is building the real-time data protocol of the decentralized web with a focus on scalability, low-latency, and security. The project aims to help builders decentralize their tech stack with real-time data flows. Contact Streamr’s Chief Marketing Officer, Mark Little, for more information.
Hot Take: Realizing the Potential of Decentralized Data Broadcasting
Streamr’s Testnet 2 marks another milestone in the development of a next-generation decentralized data broadcast network. With its incentivized approach and support for various use cases, including DePINs, AI, and decentralized video streaming, Streamr is empowering users to participate in a fully decentralized data economy. By harnessing the power of real-time data and a robust network of Operators and Delegators, Streamr is ushering in a new era of reliable, secure, and scalable data distribution.
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