Loozr Incentivized Testnet: Bolt⚡️ will be implemented in stages. Each step is intended to accomplish a specific goal in the product’s launch.
We believe in an Open Web where musicians, their fans, and management can be directly involved in the music business and are immediately rewarded for their contributions.
In order to maintain an open, trustworthy, and community-driven music platform along the way, we anticipate a collaborative effort from musicians, music fans, creators, degens, Web2 users, creators, DAOs, music labels, and ecosystem builders alike — are all invited to participate and will be rewarded for their contributions toward this goal.
Our community will engage in a number of evaluations and quests that validate the outcomes of core developer testing and also prepare us all for mainnet operation. We invite and welcome all feedback across all platforms during this exciting time and will host frequent community sessions to listen, iterate, and improve on these plans.
Testnet Roadmap Overview
We want to keep the timeline flexible to accommodate new possibilities and difficulties that may arise in the process. Below we describe our timeline along this path, outlining deliverables and goals.
ALPHA Testing With NEAR Telegram Community
- Starts 26th Oct, 4:00 PM UTC
- Completes 27th Oct, 4:00 PM UTC (Test link is deactivated)
- Location: NEAR Telegram group [https://t.me/cryptonear]
- Major Deliverables:
1. Users can create an account
2. Launch artist coin (for musicians/creators)
3. Preload Loozr test coins — 100 LZR upon signup (for test purposes ONLY)
4. User-verified badge (200 LZR) - Purpose:
Onboard the first test users on the platform to get feedback on the onboarding process. We introduced a Web2 frontend feel but a Web3 backend in order to lessen the complexity of Web3 onboarding for users and creators (artists), which is one of the key perks of Loozr. After careful feedback and corrections of identified bugs, we’d be moving to the Bolt⚡️ Testnet1 launch proper. Alpha-test is limited to the first 2000 users at the start of signups.
Incentivised Testnet: Bolt⚡ ️v1.0 (Trade2Earn)
- Starts 9th Nov [Updated to 17th November, 2022]
- Major Deliverables:
1. Buy & Sell $LZR testnet token
2. Launch artist coin (for musicians/creators)
3. Trade Artist coins to earn - Purpose:
Learn in real time the supply curve of artist tokens in reaction to our algorithm and calculations, how consumers invest in an artist’s reputation and career using artist tokens, and analyze risks, implementations, rewards, and improvements.
Incentivised Testnet: Bolt⚡ ️v2.0 (Listen2Earn)
- Estimated start time: December
- Major Deliverables:
1. Launch song coins
2. Trade, stream, sell & buy song tokens
3. Audio/video streaming
4. Artist split streaming earnings and investment with supporters/contributors and token holders.
5. Music NFT Marketplace (Interoperable Music NFTs)
6. Improved and thoroughly recorded costs for each activity within a transaction, for example, to make the cost of trading, streaming, and curves predictable. - Purpose:
Prep up the product for mainnet, test and review the business model with users before the official mainnet.
…as the testnet event commences, further information about the development and rewards will be made available.
Key links:
Official Website https://www.loozr.io
Join Loozr Testnet Questboard https://loozr.crew3.xyz/
Telegram https://t.me/officialloozr
Twitter https://twitter.com/officialloozr
Discord https://discord.gg/officialloozr
