Announcing the Launch of the BIFROST Incentivized Testnet
The final road to the new era of cross-chain capabilities
As announced previously, we will be running the BIFROST Incentivized Testnet (BIT) over the next 4 weeks prior to the full-scale launch of our mainnet. The main purpose of BIT is (1) to test the network and cross-action functions in a global setting, (2) to foster node operators familiar with various chains and interactions, and (3) to collect data to finalize the network and cross-chain action parameters.
Undoubtedly, a key factor contributing to the success of the network is the group of validators who play a crucial role in maintaining and securing the network. Having received almost 10,000 applications from 52 different countries, we are now ready to start the testnet with around 200 enthusiastic validators.
Along with the launch of BIT, we’re releasing the Leaderboard Page through which network participants can submit weekly tasks and track their progress and ranking easily. Since many of you out there are probably curious, we’ll give you a sneak peek.
BIT Tasks and Rewards
Each week, participants will be asked to complete tasks designed to test various dimensions of the network and contribute to the growth of the BIFROST ecosystem. One of the incentives of network participation is that with each task participants can earn points which will later be converted to BFC after the end of BIT.
The outline of the weekly tasks is as follows:
Week 1: Network Bootstrapping: node setup, test token preparation
Week 2: Full Scale-up & Stress Testing: intra-chain and cross-chain transactions
Week 3: Network Resilience: node and relayer outage test
Week 4: Network Sustainability: governance and node configuration
*The details of the weekly tasks will be made available on a weekly basis.
In addition to the above tasks, participants will be asked to perform additional tasks such as posting relevant content on social media or creating a tutorial video to raise awareness and educate the broader community about the BIFROST ecosystem.
Furthermore, the BIFROST Forum where participants can freely discuss and ask questions regarding the technical points of BIT is now also available. Participants have also been invited to the Discord channel where they can talk about any and all matters related to BIT. (FYI the Governance Page used for voting will also soon be released.)
Over the next 4 weeks of the testnet period, we plan to keep you posted with regular updates regarding BIT and also publish articles to discuss the technical aspects of the network in order to provide a deeper understanding of the economics and technical architecture of the BIFROST Network. Make sure to stay tuned for more!