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Chromia launches incentivized testnet with 250k CHR reward pool

chromia-launches-incentivized-testnet-with-250000-chr-reward-pool
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Chromia launches incentivized testnet with 250k CHR reward pool

Chromia, a Layer-1 relational blockchain platform, has launched an incentivized testnet that will offer a reward pool of 250,000 CHR tokens.

Users and developers will test Chromia’s capabilities across multiple verticals, including gaming, real-world assets (RWAs), digital collectibles and sports.

Chromia’s testnet

Testnet users can interact with decentralized applications (dApps) and Chromia’s official wallet, and earn the native CHR tokens ahead of the platform’s mainnet launch.

According to a press release, the testing program will encompass three distinct initiatives, each of which comes with a dedicated network run on Chromia’s mainnet candidate release.

“Ahead of the mainnet release, this is an opportunity to showcase the robustness and reliability of our technology, while also giving our loyal community the chance to contribute to shaping the future of the Chromia ecosystem,” Alex Mizrahi, co-founder of Chromia, said in a statement.  

Chromia testnet initiatives

Chromia’s first two testnet initiatives are HackNet and ProjectNet, and QuestNet.

Hacknet offers an opportunity to coders and other technically-minded users. These users will help assess Chromia’s core software as well as provide feedback on edge cases. This program runs for the next two weeks and will offer up 100,000 CHR in rewards.

The team expected HackNet to conclude on June 28, coinciding with the end of a third-party audit for Trail of Bits. This should allow Chromia to evaluate feedback from the community and help put into place a timeline for the mainnet launch.

ProjectNet, on the other hand, is for developers building on Chromia with Rell. Chromia will accept developer submissions for decentralized applications (dApps) until July 26, 2024. The reward pool for this category is 50,000 CHR, with the prize shared between the top 3 projects.

QuestNet, which launches on June 18, targets at incentivizing everyday users. 

The initiative will focus on delivering a user-friendly dashboard with users able to seamlessly interact with dApps and network features such as the Chromia Vault.

QuestNet has a prize pool of 100,000 CHR