Solana

Foundation

Chad

Hardhat Chad, the creator of the Ore project, has proposed an idea to the Solana Foundation to incentivize testnet activity with SOL tokens. This suggestion follows a recent period of congestion on the Solana network, with <a href="https://www.cryptotimes.io/2024/04/05/solanas-user-transactions-hit-record-high-failure-rate/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">transaction failures reaching as high as 75%</a>. 
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 Imho if solana wants to incentivize testnet spam, foundation should offer a SOL incentive— Hardhat Chad (@HardhatChad) <a href="https://twitter.com/HardhatChad/status/1780418406245597621?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 17, 2024</a>
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In a post on Twitter, Chad argued that offering SOL tokens as rewards could encourage users to actively participate in testing new features and protocols. This engagement, he believes, could enhance the platform’s performance and help identify potential issues before they impact the mainnet. 
However, opinions within the community vary. Some support Chad’s proposal, seeing it as a positive step towards network improvement. Others, like TheSoftwareJedi, suggest a different approach. They advise Chad to prioritize building his project and suggest applying for foundation grants instead of relying on direct incentives. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Nooooo this is not the way. Build your project; do the testnet bridge. They can possibly prop up ORE price – but build it first, show them your good will. They will appreciate. If you want some funding, get a grant from them. It’s WAY better if it’s a standalone project and not…— Dana (@TheSoftwareJedi) <a href="https://twitter.com/TheSoftwareJedi/status/1780449268245147655?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 17, 2024</a>
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Ultimately, the debate highlights the importance of community involvement and different perspectives in shaping the future of the Solana ecosystem. 
Hardhat Chad made it clear that he’s not seeking financial support from the foundation. His vision for Ore revolves around establishing a robust currency rather than focusing on testnet tool development.&nbsp; 
He’s currently exploring new incentives to tackle spam effectively and questioning the necessity of prioritizing the creation of testnet spam bots. 
This proposal follows Hardhat Chad’s announcement on social media, where he stressed the importance of <a href="https://www.cryptotimes.io/2024/04/17/ore-project-halts-mining-amid-solana-network-congestion/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">temporarily halting mining operations</a> for the benefit of the Solana network and Ore’s community.&nbsp; 
This strategic move also aligns with the project’s roadmap for developing Ore’s second version (v2), emphasizing a commitment to long-term sustainability. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/17/drift-protocol-announces-100m-drift-airdrop-for-solana-dex/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Drift Protocol Announces 100M DRIFT Airdrop for Solana DEX</a> 
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Ore Creator Proposes Incentives to Alleviate Solana Congestion

The Crypto Times

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