- Crypto.com has introduced a contest on its testnet known as Crossfire.
- The corporate desires to emphasize take a look at the community earlier than it rolls out its mainnet.
- Crypto.com stated the shared prize pool is price $300,000.
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Crypto.com is organizing a dry run occasion known as Crossfire and welcoming validators to check the Crypto.com Chain earlier than the mainnet launch.
$300,000 Prize Pool to Take a look at Crypto.com Chain
Crypto funds firm Crypto.com is organizing a dry-run contest for its testnet. The occasion is known as Crossfire, a hackathon-style occasion that permits validators to compete with one another and win prizes.
Crypto.com stated the competition’s shared prize pool is price $300,000 to be given to winners within the type of CRO tokens.
“With the mainnet manufacturing dry run, we’re coming into the ultimate stretch on the street to go-live. The Crossfire competitors for validators with $300,000 in rewards is a essential a part of stress testing the community earlier than the much-anticipated launch,” stated Kris Marszalek, CEO of Crypto.com.
The Crypto.com Chain testnet is predicated on the Cosmos SDK. In response to the corporate, its blockchain has been developed particularly for cross-chain asset transfers, an important step in its product roadmap.
Following is the breakdown of the prizes to be received for the Crossfire dry run occasion:
- Entry duties – As much as $1,000 every (200 winners)
- Community improve – As much as $150 every (200 winners)
- Jackpot – As much as $10,000
- MVP Prize – $13,000 shared among the many prime 10 validators
- Community assault sharing, bug bounty program – As much as $50,000 shared by contributors
The entry duties for validators contain organising validator nodes and holding them on-line through the take a look at run interval.
In response to Crypto.com, other than working a node, validators can carry out duties like submitting transactions to the community, performing node consumer updates, and fixing bugs to win extra rewards.
Crossfire will happen from 04:00 UTC, Jan. 18, 2021, by 03:59 UTC, Feb. 15, 2021. can register here.
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