Announcing the MultichainZ Incentivized Testnet on CoinList

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MultichainZ is a liquid staking solution committed to reshaping the landscape of decentralized finance. The platform will feature specialized protocols tailored to each asset class — RWA, NFT, Crypto, and StakedEth — ensuring optimized handling and security tailored to each asset type's unique characteristics and risks.

Today, we’re excited to announce the MultichainZ Incentivized Testnet. In an effort to stress test the network’s reliability, operations, and performance prior to mainnet launch, MultichainZ is offering 200,000,000 CHAINZ tokens (2.0% of the total supply) to qualifying participants for their contributions.  

Stake ETH, earn CHAINZ »

*MultichainZ reserves the right to change the timeline in response to community growth and activity to ensure adequate community participation in each of the Phases.

Rewards:

A total reward pool of up to 200,000,000 CHAINZ tokens, representing 2.0% of the total token supply, has been allocated for MultichainZ’s Incentivized Testnet participants. MultichainZ reserves the right to increase the allocation at a later date.

Reward Determination: Rewards will be calculated directly based on the ETH each participant locks in, with safeguards in place to ensure that both small and large contributors can benefit proportionately, preventing any disproportionate advantage to higher-volume participants.

Main Task and Reward Structure: For each ETH locked into the Liquid Staking solution, participants will receive a predetermined number of CHAINZ tokens, ensuring a direct reward for their commitment to securing and supporting the network.

Secondary Tasks: While not directly rewarded for this Quest, activities like social media engagement are crucial for community building and will be recognized in future phases, potentially with subsequent reward structures and campaigns.

Timeline:

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

About MultichainZ:

MultichainZ is at the forefront of decentralized finance, pioneering integrated solutions in lending and liquid staking, innovative liquid staking derivatives, and re-staking capabilities. The platform is engineered to serve both retail and institutional clients (at a later phase), addressing existing inefficiencies in the DeFi ecosystem.

Integrated Lending and Staking Platform

By integrating lending, liquid staking, and liquid staking derivatives, MultichainZ enables users to leverage their staked assets as collateral for loans without needing to unstake, thereby maintaining liquidity. This integration streamlines transactions and efficiency of assets across the platform to enhance liquidity, particularly for class assets like Real World Assets, thus broadening the scope and functionality of DeFi services to meet diverse liquidity needs across multiple blockchains.

Governance Through Decentralized Autonomy

Many DeFi projects need help with centralized control issues, which can alienate users and create points of failure. MultichainZ leverages a fully decentralized autonomous organization (DAO) for governance, allowing token holders of CHAINZ to have significant input into protocol decisions. This solution ensures a democratic and transparent decision-making process, aligning with the ethos of true decentralization.

Incentivized Participation with Real Stakeholder Input

Participation in many blockchain projects can often feel unrewarding or superficial, with limited real-world impact or incentives for early and active participants.

Through its incentivized Testnet phase and reward system, MultichainZ encourages active participation and ensures that stakeholders have a tangible impact on the project's development. The distribution of CHAINZ tokens aligns users' interests with the platform's long-term success.

Join the MultichainZ community:

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