Announcing the Capx Chain Incentivized Testnet

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Capx, a CoinList Seed project, aims to build an inclusive platform where every contribution, from data curation to computational power, is valued and rewarded with CAPX tokens, fostering a global community that shapes the future of AI.

Today, we’re excited to announce the Capx Chain Incentivized Testnet. In an effort to stress test the Capx Chain by testing the network’s reliability, operations, and performance, Capx is offering 15,000,000 CAPX (1.5% of total token supply) to qualifying participants for their contributions.

The program will run in 4 distinct phases: Genesis, Farm, Stake, and Earn.

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Rewards:

Capx Chain has allocated 15,000,000 CAPX tokens (1.5% of the token supply) to the incentivized testnet program. We have implemented a novel reward system named "UNITS," an on-chain (ERC20) point system designed to incentivize members of the Capx app and contributors to the Capx chain. These UNITS will later be converted into CAPX tokens.

The 15,000,000 CAPX tokens are distributed based on independent performance + relative position of the person in the system. There are 3 deciding factors based on which the rewards will be distributed to the participants:

  1. Number of UNITs Earned & Staked: an on-chain point system on Capx Chain
  2. Capx Profile ID Mint Number: the earlier you mint, the more tokens you earn
  3. Type of Season Pass: Alpha, Beta, Gamma & Delta
‘Alpha’ has the biggest reward pool, followed by ‘Beta’, ‘Gamma’ & ‘Delta’.

For additional information on types of season passes and the reward pool, see here.

Eligibility:

In order to participate in the incentivized testnet campaign, it is important for the participants to mint their ‘Season Pass’. The Season pass is a soul-bound NFT that gives participants access to the incentivised testnet, as well as the associated rewards. There is no other requirement in order to become a campaign participant.

There are four distinct variations of Season Passes, each with its own limited supply and minted on a first-come, first-served (FCFS) basis, accompanied by its unique reward pool. These Season Pass types are categorized as Alpha, Beta, Gamma, and Delta.

Certain jurisdictional limitations apply (i.e. users must be non-U.S./Canada and OFAC compliant), as outlined here.

Timeline:

The timeline is subject to change at the sole discretion of Capx.

About Capx:

Capx AI Protocol is pioneering a new frontier in decentralized AI development, aiming to unite hundreds of millions of users worldwide into a collaborative, blockchain-powered ecosystem. We aim to build the most robust AI models guided, aligned and tuned by human input, thereby building the most ‘human’ AI development infrastructure.

Capx aims to build an inclusive platform where every contribution, from data curation to computational power, is valued and rewarded with CAPX tokens, fostering a global community that shapes the future of AI. By leveraging the collective intelligence and resources of users across the globe, Capx is dedicated to building the most extensive network for AI development, driving innovation and accessibility for all.

This is our commitment to democratizing AI, making it by the people, for the people.

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