On March 24th, 2020, Mina launched Genesis, a token program that prepares participants to become the network’s first block producers and ensures high decentralization upon mainnet launch.

1,000 Genesis founding members will be selected to receive a distribution of 66,000 Mina tokens by completing challenges on the testnet to help strengthen the network. When the mainnet goes live, Genesis founding members will comprise the network’s initial block producers, because they will have the knowledge required to stake tokens.

Mina is setting aside up to 6.7% of tokens for Genesis founding members. Izaak Meckler, CTO & Co-founder, said: “The Genesis program allows us to build a community of engaged members who are helping to set the rules of the ecosystem. Such engagement is essential for constructing an infrastructure that serves the needs of its members.”

You can apply for Genesis here: http://codaprotocol.com/genesis

We are looking forward to being part of this amazing protocol, and helping to build a strong and healthy community around it! 🎊

Side note: Mina was previously Coda, however, last year in 2019, R3 filed a trademark lawsuit against Coda Protocol. As a result, the Coda Protocol agreed to abandon the name.

DISCLAIMER: This is not financial advice. Staking and cryptocurrencies investment involves a high degree of risk and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some PoS protocols. We advise you to DYOR before choosing a validator.