Multiple Network Testnet Genesis Airdrop is Now Open!
TL;DR:
- Testnet Genesis Airdrop grants you the chance to join in the testnet phase.
- Testnet is coming in early August. Stay tuned for an official date.
- 15% of 1 billion $MTP tokens will be allocated for testnet airdrops.
- The prototype testnet invites shortlisted relay nodes and users to participate
- Only PC users running Windows can qualify for the first stage of testnet.
Background
The time has finally come. We’re thrilled to announce the opening of the Multiple Network Testnet Genesis Airdrop. This marks a significant milestone as we prepare to launch our Public Testnet (date to be revealed shortly — keep an eye out!). Join us as we invite the community to join early and prepare to explore the future of decentralized networking with us.
We have recently raised $2 million in seed funding at a $30 million valuation, and our investors include OKX Ventures, NGC Ventures, Youbi Capital, Stratified Capital, Puzzle Ventures, Catcher VC, Bitrise Capital, and more.
Value of Genesis Airdrop
The value of our Testnet Genesis Airdrop is substantial, as evidenced by the projected market cap at the time of token lock, which is estimated to be between $200 million and $300 million. With 1% of the tokens valued at approximately $2 to $3 million, this translates to an individual token allocation worth $400 to $600 for each of the 5,000 participants winning the Testnet Genesis Airdrop.
We specifically set the rule as no vesting, with direct circulation allowed. This ensures immediate liquidity and instant value for our earliest testnet participants, fostering an active and engaged community right from the start.
What’s the Bigger Picture?
Multiple Network’s test network will advance through three pivotal stages, offering participants incentives equivalent to 15% of the total token issuance during the Token Generation Event (TGE):
1. Prototype Test Network: Accessible to shortlisted Relay Nodes and users, focusing on initial network functionality validation.
2. Large-Scale Stress Test Network: Enlisting numerous Relay Nodes and app developers to capture network contributions through points, scaling up operations for robust stress testing.
3. On-Chain Test Network: Deploying smart contracts on mainstream public chains to manage test tokens, leveraging token economics to drive diverse user behaviours within the network based on predefined economic models.
These stages are designed to rigorously validate and optimise Multiple Network’s capabilities, paving the way for its successful launch and widespread adoption in the decentralised networking landscape.
How to Get a Testnet Genesis Airdrop?
Participate in Multiple Network’s campaign on Galxe, TaskOn and other Web3 quest platforms to secure your spot. Join our Discord community to speak up, earn points, rank up and gain access to exclusive privileges.
Take Galxe platform for example, we offer two types of quests. The first involves getting points by following our social media accounts (Twitter) and joining our community (Telegram and Discord). The second type is a daily check-in activity, where you can earn points by being active daily through retweets (RT), likes, and comments. You need to accumulate at least 300 points for your participation to be considered valid.
You can participate in the Galxe quest here: https://app.galxe.com/quest/CMJag55imV76sQFspz2ciy/GCASqtkNqD
Rules
- Available Slot: 3000
- Device restrictions (1st Phase): Windows (PC)
- Testnet launch date: To be announced
We will regularly take snapshot rankings for the Galxe Campaign. The first 500 slots will be allocated to the top 500 users based on their points. The distribution rules for the remaining 2,500 slots will be announced by the official team at a later time. Winners can check the list on the Multiple Network official website by entering the EVM address used to complete the tasks.
What happens next?
You can participate in the early testnet phase by running our relay nodes for file transfers. Participants will be eligible to receive official token airdrops in the future.
Once you’re shortlisted, just sit tight and keep an eye on our Discord and any announcements — and get ready to participate when the time comes!
About Multiple Network
Multiple Network is a Web3 DePIN project that leverages SD-WAN technology to build a network layer to enable high-powered transmission of digital assets & data. Multiple Network revolutionises decentralised networking, combining affordability, privacy, flexibility, and resilience for modern digital infrastructure needs.
