Mina Protocol Genesis Program - DropsEarn
Mina Protocol Genesis Program

Mina Protocol Genesis Program

    Become one of 1000 community members to receive a token grant. You'll complete challenges on testnet, learn how to operate the protocol, receive public recognition on our leaderboard, and help to strengthen the Mina network and community.

    Reward pool
    66,000,000 tokens
    Expected profit
    66,000 tokens
    Max participants
    DropsEarn score
    Very High

  • Activity Type: Testing Bug bounty Content Testnet Nodes Community Development
  • Date: TBA
  • Registration: Open
  • When reward: 4 year vesting period starting at mainnet launch
  • Event status: You can participate (Event started, Registration open)
  • Links: Official Event Page
Go to event page

How To Participate

  1. Read event details below
  2. Apply this form
  3. Join Discord group
  4. Participate in testnet
     

Up to 1000 members will be selected from our testnet community to receive a distribution of 66,000 tokens as founding members of Genesis.

  • At mainnet launch, 6.6% of the protocol will be distributed in this manner.
  • Distributions will be locked up for up to four years after mainnet launch.
  • Starting on mainnet launch, Genesis founding members will have to participate as block producers and continuously stake all tokens received from the Genesis Program.
  • New Genesis founding members will be announced on a rolling basis.
  • To learn more about the selection criteria and requirements, see the Terms and Conditions.

Event Details

  1. The Mina Genesis Program prepares participants to become the network’s first block producers upon mainnet launch. Up to 1,000 members will be selected from the Mina testnet community to receive a distribution of 66,000 tokens as founding members of the Genesis Program. 
  2. Members will be able to participate in the Mina testnet by completing challenges, learning how to operate the protocol, strengthening and hardening the protocol through feedback, creating tooling and documentation and building the community.
  3. At mainnet launch, up to 6.67% of mina tokens will be distributed amongst Genesis founding members. All Genesis founding members who qualify will receive the same amount of mina tokens. No token distributions will be confirmed or guaranteed at any time before mainnet launch.
  4. Genesis founding members will be required to participate as block producers on mainnet by staking or delegating their tokens. All tokens distributed under the Genesis program (from Cohort 2 onwards) will be subject to a 4 year vesting period starting at mainnet launch. During the vesting period, Genesis members must participate by staking or delegating all of their unvested tokens. Members who do not stake or delegate for the entire vesting period will forfeit all of their unvested tokens. Note: Cohort 1 has a 1-year staking period
  5. 25% of tokens will vest on the one year anniversary of mainnet launch, with the remaining tokens vesting in equal monthly tranches over the following three years. Additional tokens earned as a reward for staking or delegating are not subject to any restrictions. Refer to the Vesting Schedule below for more information. 
  6. To become a Genesis founding member, you must complete the application, pass KYC checks and provide all required documentation, and agree to the Terms and Conditions.

Vesting Schedule

(Based on a grant of 66,000 tokens)

  New tokens       Cumulative tokens vested  
Year 1 0 0
End of year 1 16,500 16,500
Each month after year 1      1,375 -
End of year 2 - 33,000
End of year 3 - 49,500
End of year 4 - 66,000