Razor Network Incentivized Testnet Phase II - DropsEarn
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Razor Network Incentivized Testnet Phase II

Razor Network Incentivized Testnet Phase II

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Reward pool

~$10,000

1,000,000 RAZOR

Expected profit

Proportionally

RAZOR

Max participants

No limit

DropsEarn score

Neutral

Normal, Low Risks

Details

To enter the second phase of the incentivized testnet program, users will have to first register themselves by filling the application form.

Soon after the form is submitted, the selected candidates will receive an email guiding them through the KYC process. Upon completion and approval of the KYC, they will officially become part of the program. All the participants will get TEST RAZOR tokens airdropped to the declared wallets, ready for staking.

With the TESTNET RAZOR tokens, users can either choose to stake them and operate a node or delegate it to a staker.

The testnet tokens will be distributed equally among all participants, and just to make the program a bit more exciting, the team will be offering more significant rewards to those who make the best use of TESTNET RAZORs on the SKALE testnet.

Incentives for Testnet Participants

Razor Network has set aside a total of 1,000,000 RAZOR as rewards for testnet participants. The total rewards will be proportionally shared between the eligible participants based on their efficiency in utilizing the testnet tokens.

At the beginning of the incentivized testnet program, each participant will receive a specific amount of TESTNET RAZOR tokens on the SKALE testnet, airdropped to the wallet address declared in the application form. They can stake or delegate these testnet tokens to earn rewards in TESTNET RAZOR, which needs to be withdrawn to their submitted address before the snapshot deadline, which will be shared in the following communication.

The snapshot of all the participating addresses will be taken soon after the deadline to calculate surplus TESTNET RAZOR in each account. The rewards, in RAZOR, will be calculated for each participating address based on the total rewards and performance of other participants during the program.

Note: As the entire program is designed to test the Razor Network infrastructure, Razor Network can encounter unexpected bugs or other unforeseen circumstances that may lead to last-minute changes in the reward structure, dates, and other information. To keep yourself updated about any possible issue, please follow #validators channel on discord.

Please note: TESTNET RAZOR has no real value and is created only for the purpose of testing.

About Razor Network

Razor Network is a blockchain agnostic, truly decentralized Oracle platform for Decentralized Finance. Razor Network is working on next-gen oracle systems. Razor Network is a blockchain agnostic decentralized oracle network focusing on Maximum game-theoretical security, complete decentralization, and fully permissionless.

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About

Razor Network has announced that the development of Razor Network is going well. In line with the previous community announcements, it is now ready to deploy the second phase of the Razor Network incentivized testnet. The latest phase will be operating on the SKALE Testnet network.

Activity Type

Testing

Tech

Incentivized testnet

Bugs

Date

25 Apr 2022 03:00(UTC+3) - 29 Jul 2022 03:00(UTC+3)

Registration

Open

Event Status

You can participate (Event started, Registration open)