ZetaChain to Launch Incentivized Testing Network on CoinList

On April 24th, CoinList announced that the cross chain smart contract platform ZetaChain will launch an incentive testing network and apply at the CoinList open node. Participants in the testing network will have the opportunity to receive corresponding rewards. The page shows that the application will expire on April 30th, and the testing network will allow a total of 150 nodes to participate. The total reward pool contains 4.2 million ZETAs (0.2% of the total supply), with a lockdown period of 1 year.

ZetaChain will launch an incentive testing network and apply at the CoinList open node

CoinList recently announced that the cross chain smart contract platform ZetaChain will be launching an incentive testing network and will be applying at the CoinList open node. This testing network will offer participants the chance to receive corresponding rewards. The application deadline for this opportunity is on April 30th, and the testing network will allow a total of 150 nodes to participate. The total reward pool is set at 4.2 million ZETAs which accounts for 0.2% of the total supply, and the pool will have a 1-year lockdown period.

What is ZetaChain?

Before diving into the details of ZetaChain’s incentivized testing network, let’s talk about what ZetaChain is all about. ZetaChain is a cross-chain smart contract platform that creates a secure, efficient, and seamless environment for developers to build and deploy decentralized applications (dApps). The platform enables interoperability across various blockchains, meaning that dApps can be deployed across multiple chains with ease. It also offers services like oracles, node management, and other tools to help developers create and deploy their dApps.

What is the Incentivized Testing Network?

The incentivized testing network is a way for ZetaChain to test and improve the performance of their cross-chain infrastructure while simultaneously rewarding early adopters and participants. The network will allow up to 150 nodes to participate, each with corresponding rewards that will be distributed from the total reward pool.
Participants in the testing network will be able to test ZetaChain’s functionality and performance while contributing to the network’s overall growth. These node operators will be responsible for verifying transactions, proposing new blocks, and participating in consensus processes.
The total reward pool of 4.2 million ZETAs is a significant figure and represents 0.2% of the total ZETA supply. The rewards will be distributed to participants over the one-year lockdown period. Participants will also be incentivized to maintain a high level of uptime and performance, which will be rewarded accordingly.

How to Participate in the Incentivized Testing Network

Those who are interested in participating in the incentivized testing network must act swiftly as the application deadline is quickly approaching on April 30th. ZetaChain is looking for 150 nodes to join the network, so interested parties should apply as soon as possible.
To apply, interested participants must fill out an application form on the CoinList website. Once the form is submitted, applicants must wait for approval from the ZetaChain team. Once approved, successful applicants will receive instructions on how to join the testing network and begin earning rewards.

Benefits of Participating in the ZetaChain Incentivized Testing Network

The ZetaChain incentivized testing network offers a unique opportunity for early adopters and developers to get involved with a cutting-edge smart contract platform. By participating in the network, participants will have the chance to test the functionality of a scalable and interoperable network while earning rewards.
The total reward pool of 4.2 million ZETAs adds an additional incentive that can be an attractive proposition for early adopters. Participating in the network also allows participants to contribute to the long-term growth and development of the ZetaChain platform.

Conclusion

ZetaChain’s incentivized testing network is a massive step towards developing a seamless and functional cross-chain ecosystem. The network’s incentivization mechanism is an innovative way to drive participation and reward those who contribute to the network’s overall growth.
By participating in the testing network, early adopters and developers can test and refine the platform while earning rewards. This initiative can lead to the long-term growth and adoption of the ZetaChain platform.

FAQs

Q: What is ZetaChain?
A: ZetaChain is a cross-chain smart contract platform designed to create a secure, efficient, and seamless environment for developers to build and deploy dApps.
Q: What is the Incentivized Testing Network?
A: The incentivized testing network is a way for ZetaChain to test and improve the performance of their cross-chain infrastructure while rewarding early adopters and participants.
Q: How can one participate in the Incentivized Testing Network?
A: To join the testing network, participants must submit an application on the CoinList website and wait for approval from the ZetaChain team.