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tea protocol launches Incentivized Testnet

Press Releases
tea protocol launches Incentivized Testnet

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

San Francisco, Puerto Rico, Jan. 29, 2024, Chainwire

The Tea Protocol has announced the launch of its Incentivized Testnet (ITN) on Feb. 21, 2024. The platform aims to connect web2 open-source codebases to web3 and improve their sustainability. 

tea protocol launches Incentivized Testnet - 1

It also rewards open-source developers fairly for their contributions. 

Additionally, Tea provides developers access to its incentivized community of vulnerability reporters. 

It is cross-compatible with popular package managers such as Homebrew, npm, APT, Crate, PyPI, RubyGems, and pkgx.

Starting Feb. 21, 2024, open-source developers can interact with The Tea Protocol and earn rewards for their contributions. 

All community members, including non-developers, will also be encouraged to participate in The Tea Protocol’s incentivized activities on the blockchain.

This is an essential step towards launching the Tea Protocol, allowing all participants to immerse themselves in the fully composable open-source ecosystem created by the Tea Protocol.

The Incentivized Testnet and key features

The upcoming Incentivized Testnet is a crucial step before the protocol launches on Base. This phase ensures a thriving, efficient, and secure network for all participants.

The testing phase features:

  1. Waitlist availability: The waitlist for the incentivized testnet, launching on February 21st, offers a limited opportunity for interested users.
  2. Insight into TEA tokenomics: The economic model driving the protocol is detailed, offering clarity and depth of understanding.
  3. Comprehensive documentation access: Extensive resources are available, providing a thorough understanding of the protocol.
  4. Insight into teaRank for projects: Projects can ascertain their position within the open-source ecosystem and understand their eligibility for rewards.
  5. tea Points accumulation: The ITN presents opportunities for both developers and non-developers to engage in challenges and quests, facilitating the accumulation of tea points.

Joining the Incentivized Testnet and exploring tea.xyz offers an opportunity to be part of a pioneering movement in open-source software. It’s a chance to engage with a forward-thinking community, understand tea’s tokenomics, and utilize the teaRank system for project visibility and rewards. 

Max Howell, tea’s founder, said:

“The launch of the incentivized testnet for the tea Protocol is a landmark achievement for open-source developers and advocates worldwide. With the incentivized testnet, tea is not only introducing a technological marvel but also reinforcing its commitment to revitalizing the open-source community.”

About tea

tea is a web3 protocol built on Base, the layer-2 blockchain from Coinbase. It is designed to empower open-source software developers to capture the value they create. At the heart of the tea Protocol is the proof-of-contribution algorithm, which measures the value, position, and impact of open-source software projects. Proof-of-contribution assigns a dynamic “teaRank” to each project which is used by the protocol to distribute rewards. It ensures that every layer of a software project, especially foundational elements, is recognized and rewarded for its contribution and promotes healthy competition amongst projects to continually improve their codebase and usage by other projects within the ecosystem.

Users can explore the forefront of open-source software.

Detailed information is accessible at www.tea.xyz to learn more and connect with tea on Twitter, teaForum, Discord, and Telegram for the latest updates and discussions.

Contact

Head of marketing
Dan Mulligan
tea
[email protected]

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.