Witnet Testnet Incentive Program - DropsEarn
Witnet Testnet Incentive Program

Witnet Testnet Incentive Program

    The Witnet Protocol has launched rewards program. Complete various tasks and get rewards. Among the tasks are running a node, testing applications, searching for bugs, programming and other.

    Reward pool
    $30 000+
    Expected profit
    from $10
    Max participants
    DropsEarn score
    Neutral

  • Activity Type: Bug bounty Programming Social networks Nodes Community
  • Date: 27 May 2020 00:00(UTC+3) - 30 Sep 2020 00:00(UTC+3)
  • Registration: Closed
  • Event status: You can't participate (Event ended)
  • Links: Terms And Conditions Official Website Join Testnet Program Witnet contribute
Go to event page

How To Participate

Sign up for the Testnet Incentive Program
Find or Propose a Task
Fill out the Submission Form
Check the Scoreboard


Three Ways to Participate:

1. Run a Node

Up to 12.5 Million (50%) of the allocated WIT tokens will be awarded to node operators during the program period.
 

  • Run a Witnet node (or multiple nodes) with a publicly routable and static IP address
  • No GPU / CPU or expensive hardware needed. Witnet selects block proposers based on a custom reputation system
  • Operators whose nodes propose eligible blocks during the program will be awarded a portion of the Mainnet WIT token allocation
  • No lock-ups! Your WIT tokens will be ready to use for data requests on the Witnet network as soon as Mainnet launches

2. Find Bugs and Build

Up to 30,000 $DAI has been allocated to hackers, technical whizz-kids and bug-hunters. Allocations will be made on a discretionary basis by the Witnet Foundation, using the guidelines outlined by OWASP and HackerOne.
 

  • Create a Witnet data request that potentially affects the long-term or short-term fairness of distribution, liveness or security of the network = Up to 1000 $DAI
  • Build and deploy dApps that use the Witnet protocol or provide vital system information = Up to 2000 $DAI per dApp
  • Uncover a bug, or coordinate an attack which potentially affects liveness, safety, censorship or hard fork on the network = Up to 5000 $DAI    and more...

3. Contribute to Witnet

Up to 12.5 Million (50%) of the allocated WIT tokens will be awarded to contributors in the community.
 

A. The Hustler
 

  • Write articles, make videos, host podcasts etc that feature Witnet
  • Run a regular Witnet webinar or webcast
  • Organize a Witnet meetup or hackathon
  • Invite people to be node operators
  • Introduce a project that adopts Witnet    and more...
     

B. The Hemingway
 

  • Improve and add to current content (codebase and documentation, technical & non-technical)
  • Update out-of-date or incorrect Witnet content
  • Improve documentation
  • Translation services (Spanish, Chinese etc)    and more....
     

C. The Help
 

  • Troubleshoot with other community members
  • Take on an admin and moderator role
  • Help create useful Witnet content (e.g. walkthroughs)
  • Answer community questions    and more...

Additional Information

What is Witnet?

The Witnet protocol, as outlined by the Witnet Whitepaper, allows a network of computers to act as a "decentralized oracle" that retrieves, attests and delivers information to smart contracts without having to place trust in a single entity.
 

What are WIT tokens?

Witnet runs its own Blockchain, with a native token called WIT. The WITs are earned by witnesses when resolving a data request and mining blocks, and are used to encourage fair and trustworthy behaviour throughout the network.

  • No more than 2,500,000,000 WITs will ever exist.
  • 70% will be mined by witness nodes through block rewards, which decrease over time.
  • 30% will be minted in the early stage block (first block in the chain). These will be assigned to early contributors (participants in the pre-sale conducted in 2017; the Witnet Foundation; and those who helped to build Stampery)

After Mainnet, mined tokens will be released in the following way, subject to change:

  • The number of WITs generated per block starts at 1000 and is set to decrease geometrically, with a 50% reduction every 1,750,000 blocks, or approximately every 2.5 years.
  • Each of these periodic reductions is known as "halving".

Why a Testnet Incentive Program?

The Witnet Community has put a whole lot of blood, sweat and code into creating a robust protocol, with an incentivization mechanism behind it that will ensure the long-term health of the network. However, the game theory and the mechanisms that underpin the project need real-world testing, with real-world rewards. The Incentivized Testnet is a way to test the network in a sandbox environment to make sure it works as intended.

In addition, there's still a lot of work to do to ensure that the documentation, community channels and external communication is top-notch. The Witnet Foundation acknowledges the importance of ensuring that early community participants are rewarded for their vital contributions.

How do I run a node?

The Witnet Testnet is open for anyone to join and test it by running their own full node. Witnet requires neither Proof of Work nor Proof of Stake - our custom reputation system means there's no need for expensive hardware or large initial investments.

Setting up a node takes a few minutes, and anyone can do it (regardless of technical experience). Get started now at docs.witnet.io/try/run-a-node/.

NO U.S PERSONS MAY PARTICIPATE IN PHASE 2.

Residents or citizens of the United States, or those on account or benefit of a U.S person MAY NOT participate in Phase 2 and WILL NOT be rewarded. This rule will be strictly enforced via a KYC procedure.

Links:

Telegram
Discord
Twitter
Program Terms and Conditions Here