It’s been several months of diligent development of the bitsCrunch Network and it’s first phase is close to completion.
In order to ensure that every last line of code functions optimally, bitsCrunch Network has launched its Incentivized Testnet Program.
An incentivized testnet is an (often gamified) program where external validators, developers, and other users are encouraged to utilize and participate in testing a blockchain network in return for rewards.
Since node operation requires time, money, and know-how, the core team allocates rewards (most commonly in the form of the protocol’s native token, or stablecoins) to incentivize participants.
Recently, incentivized testnets have also begun to evolve beyond testing staking and validator infrastructure and have found alternative use cases. Projects today are able to incentivize the testing of a whole host of features and functionalities, from smart contract deployment to governance voting, trading, cross-chain infrastructure, security measures, and general protocol use.
Incentivized testnet programs are not insignificant undertakings—they require substantial operational overhead, active engagement with and education of the validator and developer communities, and typically last from weeks to months. Thoughtfully designed testnets, however, can prime projects for launch and help bootstrap quality communities even before mainnet is live.
The Main goals of bitsCrunch Network Incentivized Testnet includes:
Bootstraping and Securing the network
Testing the functionalities and getting product feedback
The round 1 of the testnet is scheduled to start in the month of May 2023. Round 1 testing ends with the Mainnet launch, which is expected to go for September 2023.
Registration for the bitsCrunch Network Incentivized Testnet is ongoing!!!
Interested participants can fill this form*** ***to join the program.
Learn more about the Tasks, Candidate requirements and rewards for participation here
Follow this link to learn more about bitsCrunch Network.
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