Announcing Ten’s Incentivized Testnet
Ten is a Layer 2 rollup that hyper-scales and encrypts Ethereum. Ten allows Ethereum smart contracts to contain both public and private elements without changing the user or developer experience.
Today, we’re excited to announce the Ten Incentivized Testnet. In an effort to battle-test the Ten Network by contributing to testing the network’s reliability, operations, and performance, Ten is offering 22,500,000 TEN (2.25% of total token supply) to qualifying participants.
Phase 1 of the Incentivized Testnet is focused on onboarding developers and user quests focused on network resilience, bug hunting, and user experience.
Rewards
Ten has allocated 22,500,000 TEN (2.25% of the total token supply) for community participants.
Performance-based rewards:
For users — allocated rewards will be based on the completion of quests and their position on the leaderboard on the Galxe platform.
For developers — allocated rewards will be based on the quality of the idea (if not using one of the suggested ideas) and execution of the implementation of the dApp.
For node operators — the top 10% of nodes based on performance and uptime will receive the highest reward. The best performers in this group will receive a reward equivalent to at least the stake required to run a mainnet node and will be invited to participate in the mainnet first.
Active Participation-based rewards:
All users who participate in quests will receive an amount of tokens regardless of whether all quests are completed. The size of token rewards will be determined upon the conclusion of the testnet campaign and will be distributed by the number of points participants have earned by participating in quests during the program. The number of points awarded is not the same for each quest and instead reflects the complexity of the tasks in the quest.
All node operators will be expected to have participated by running or attempting to run a node. The 20% of node operators who did not make the top 10% will receive a reward.
Planned allocation:
- 0.25% to users
- 0.10% to node operators
- 1.9% to developers and other contributions
For additional information on rewards see here.
Eligibility
Certain jurisdictional limitations apply (i.e., users must be non-U.S./Canada and OFAC-compliant), as outlined by Ten’s Terms and Conditions and here. Participation is only available where permitted by applicable law.
For additional information regarding the eligibility qualifications for each role see here.
Timeline
Each testnet phase will last approximately 6-8 weeks, followed by a break of several weeks between subsequent phases.
The anticipated duration for the complete incentivized testnet operation is 6 months.
This schedule is subject to change as testnet progresses at the sole discretion of Ten. Once the Ten Foundation is established, it will take responsibility for decisions on the testnet schedule.
About Ten
- The only encrypted Layer 2: Ten allows a whole new world of dApps to be built in Web3, from RWA to on-chain games, to new forms of DeFi, and institutional use cases. Through encryption, Ten massively opens up the design space, allowing any Web2 application to be ported to Web3.
- No changes to the UX or DX: Despite being an encrypted Layer 2, there are no changes to the user experience and feels similar to Ethereum. Developers can build entirely in Solidity while accessing all of the EVM. All existing tools, frameworks, and libraries work out of the box by adding powerful new features, like having private and public states in the same dApp and access to secure random numbers without needing oracles.Solving all Layer 2 problems: Ten is the only network to have solved the decentralized sequencer problem and fast bridges while being encrypted. In addition, cheap and lightning-fast transactions provide a Web2-like experience.
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