How to participate in bitsCrunch Incentivised Testnet
CoinList Announced bitsCrunch’s incentivized testnet. bitsCrunch, an AI-enhanced data network that delivers high-quality NFT analytics and forensic data, is running a phased incentivized testnet to test all aspects of the protocol.
Are you an adopter interested in contributing to the future of early-stage crypto projects?
bitsCrunch, an AI-enhanced data network that delivers high-quality NFT analytics and forensic data, is running a phased incentivized testnet to test all aspects of the protocol as it progresses towards decentralization.
Today, we are calling all eligible users in our community to join “Task 3” of bitsCrunch’s incentivized testnet! Complete the required activities on the Unleash NFTs platform and earn rewards for your contributions.
bitsCrunch is now calling all users to join Task 3 and complete activities on the Unleash NFTs platform as a way to test the performance, stability and scalability of the bitsCrunch network testnet API.
Testnet Overview :
Rewards:
bitsCrunch has designated 4,600,000 tokens (equating to 0.46% of the total supply) for Round 1 of its testnet program. 1,500,000 tokens have been allocated specifically for Task 3, which will be distributed to the top 1,000 ranked participants. Eligible participants will be required to complete KYC verification and link their participating wallet in order to receive rewards.
Engaging in regular activities on the unleashnft.com website and participating in various marketing initiatives will allow participants to accrue points. Only those ranked in the top 1000 points-wise will be eligible for token rewards. The ways to accumulate points include:
More details about the rewards available here.
Eligibility:
Users must meet the following criteria to be eligible for Task 3 participation:
Certain jurisdictional limitations apply, as outlined in the ‘Eligibility for Testnet’ section of the bitsCrunch Terms and Conditions.
Participants will need a device with a basic internet connection.
A non-custodial Ethereum wallet (e.g., via Metamask) is required to connect and engage with the unleashnfts.com platform.
Timeline:
Task 3 of the bitsCrunch testnet began July 1st and last through the end of August. Users will be able to earn points by completing a number of tasks that will be updated daily or weekly at any time during this period. Additional information on the subsequent Tasks will be made available as the testnet progresses.
About bitsCrunch:
The NFT data provider landscape is currently fragmented and faces several challenges, including a lack of focus on NFT-specific data, centralized solutions with limited transparency, inadequate attention to NFT forensics, absence of advanced metrics, and restricted opportunities for community contribution. Addressing these issues is critical for fostering a reliable, secure, and collaborative NFT ecosystem that benefits all participants.
The solution to the challenge of analyzing NFT sales data lies in developing a platform capable of gathering and enriching data for NFTs, ultimately providing more accurate and reliable metrics. That is exactly where bitsCrunch comes in. By creating the most comprehensive NFT data insights and forensics tools available, bitsCrunch aims to power the global NFT economy in eliminating fraud, wash trading and provide the most accurate value for digital assets. As described in the bitsCrunch whitepaper, the platform employs advanced computations, AI algorithms, and data from both on-chain and off-chain sources, including IPFS metadata.
To successfully transition to a decentralized model, the bitsCrunch Network must first ensure its infrastructure is robust, scalable, and capable of handling a wide variety of real-world scenarios. This involves rigorous testing, optimization, and community involvement to refine and enhance the network’s capabilities — enter the bitsCrunch testnet.
This is an opportunity for users to not only test the performance and stability of the network, but also to learn about the utility of the bitsCrunch NFT analytics platform. By participating in the bitsCrunch testnet, you will become an integral part of the platform’s development journey. Your contributions and insights will help shape its success, and in return, you will gain valuable insights and knowledge about the platform itself. This mutually beneficial relationship ensures that bitsCrunch is ready to empower users in the real-world scenarios it aims to address.
Join the bitsCrunch Community:
Twitter: https://twitter.com/bitscrunch
Discord: https://discord.gg/bitscrunch
Blog: https://blog.bitscrunch.com/
Telegram: https://t.me/bitsCrunch/
Website: https://bitscrunch.com/
Whitepaper: https://bitscrunch.com/bitsCrunch_Whitepaper.pdf