Dusk

<p>We are thrilled to announce the details of our Incentivized Testnet (ITN), one of the final stages before mainnet, and tell you how you can participate, contribute, and earn rewards.</p><h2 id="header-0">What is ITN?</h2><p>First things first, ITN is our testnet that helps us to stress test the network, and ensure that it works as intended. We had a previous iteration of ITN a year ago, which was a great success, both in terms of participation and the data it allowed us to gather.</p><h2 id="header-1">How Can I Participate?</h2><p>You can participate as a staker or node runner. Stakers will do using their ERC20 DUSK on Ethereum, while running a node will require more technical knowledge and is done on our testnet.</p><p>A guide to running a node will be provided.</p><h2 id="header-2">What Are the Rewards?</h2><p>There is a fixed pool of $DUSK set aside as rewards for stakers and node runners, so the rewards will vary depending on how many people participate.</p><p><strong>Reward Pool for Stakers</strong> &#61; 2.5 million $DUSK</p><p><strong>Reward for Node Runners</strong> &#61; Airdrop once mainnet is live</p><p><strong>We will also take snapshots during ITN for future POAP claims. Holders will be eligible for future rewards and airdrops once mainnet launches.</strong></p><p>Addresses of participants will be published and could be used by projects launching on Dusk to identify early contributors to the network.</p><h2 id="header-3">Who Will Be Eligible for Rewards?</h2><p>There are some requirements to be eligible for rewards. Failure to participate correctly as a node runner may result in not receiving rewards.</p><h3 id="strong-eligibility-requirements-for-nodes-strong"><strong>Eligibility Requirements for Nodes</strong></h3><ul><li>To have a 75% uptime for your node</li><li>No malicious behavior</li></ul><h2 id="header-4">Next Steps and Timeline</h2><p>There are 2 different timelines and processes for staking and nodes. Staking is simpler, while running a node has more steps.</p><h3 id="strong-staking-timeline-strong"><strong>Staking timeline</strong></h3><p><strong>31st Jan</strong> - The staking contract will go live and you can deposit your DUSK on Ethereum</p><p><strong>1st Feb</strong> - Staking contract starts</p><p><strong>15th March</strong> - Staking ends</p><h3 id="strong-staking-next-steps-strong"><strong>Staking next steps</strong></h3><p>Staking will take place on Ethereum, so you will need to have DUSK on Ethereum in order to participate. If your DUSK is on a CEX or BSC, you will need to withdraw/bridge it to the Ethereum blockchain.</p><p>The staking contract will be shared on 31st Jan.</p><h3 id="strong-node-timeline-strong"><strong>Node timeline</strong></h3><p><strong>15th February</strong> - Node running and tracking on ITN begins</p><p><strong>15th March</strong> - Node running ends</p><h3 id="strong-node-running-next-steps-strong"><strong>Node running next steps</strong></h3><p>We have a generous onboarding period, giving everyone time to get involved.</p><p>In contrast to staking which takes place on Ethereum, node running will take place on the Dusk testnet. We will release a detailed guide to running a node soon</p><h2 id="header-5">When will I receive rewards?</h2><p>All rewards will be paid out on the Dusk mainnet when it is live.</p><p><strong>Staking rewards</strong> will be paid out in native DUSK once mainnet is live. In order to receive your rewards you will need to bridge to the Dusk blockchain using the same address you used to stake, and will receive your rewards automatically.</p><p><strong>Node rewards </strong>will be paid out as an airdrop a couple of months after mainnet is live and smart contract deployments are supported. You will need to keep the wallet you used to run a node, and can use that in the future to claim your rewards.</p><h2 id="header-6">Get Involved</h2><p>We’re incredibly happy to get started with ITN, and are excited for you to join us as a staker, as a node runner, or both.</p><p>ITN is not only a stress test for our network, but a way to reward our community and token holders with rewards when mainnet goes live.</p><p><strong>We will announce the contracts and websites when staking and node running is open, but until then we encourage you to join us in <a href="https://discord.gg/dusknetwork" rel="noopener noreferrer nofollow">Discord</a> and <a href="https://t.me/DuskNetwork" rel="noopener noreferrer nofollow">Telegram</a>, and to follow us on <a href="https://twitter.com/DuskFoundation" rel="noopener noreferrer nofollow">Twitter</a>.</strong></p><p>Thank you for joining us in building a blockchain that is capable of revolutionizing finance, safeguarding privacy, and making financial freedom accessible to all.</p>

Announcing Incentivized Testnet

Table of Contents

Dusk

Other articles published on Jan 22, 2024

Incredible 1000% Surge Within a Week! Why the Minu Price is Rising? Is this another Pump and Dump?

Binance vs. SEC: Judge shows skepticism on BUSD as investment contract

How DOGE’s volatile weekend impacted your holdings

Potensi Penerimaan Ripple oleh Bank-Bank AS dan Prospek Kripto XRP

FIO will join Metamask

Bonk dan Shiba Inu Kian Lesu, Investor Lirik Pendatang Baru Retik Finance

Join our free newsletter for daily crypto updates!