BIFROST Incentivized Testnet 2 & EKI Rewards
Our team has been hard at work preparing for the launch of our mainnet. Today we are excited to announce the launch of the BIFROST Incentivized Testnet 2 (BIT2) and also provide further details about the previously announced Ecosystem Kickstart Initiative.
The main objective of BIT2 is to raise awareness of the BIFROST Ecosystem. Thus, contrary to the previous testnet, BIT2 does not require technical knowledge and anyone can freely participate.
As a user contributing to a new ecosystem onboarding various DApps, you will be able to learn about the unique BIFROST Ecosystem and also experience true multichain finance built by BIFROST.
About BIT2
Users will be participating in BIT2 through the Crew3 Platform. Users will complete various tasks, such as requesting DApps in need of multichain support to support the BIFROST Network via their social media. As always, active participation will earn you rewards!
Dates
Start date: 16 December 2022
End date: until the launch of the mainnet
More about the Ecosystem Kickstart Initiative
Below we have outlined the details regarding the evaluation criteria and reward distribution of the Ecosystem Kickstart Initiative. All DApps participating in the program will be evaluated based on the set criteria. DApps will be scored once the program ends and will receive rewards based on their rankings.
Evaluation Criteria
- Number of transactions incurred (testnet & mainnet) 30%
- Number of unique addresses using the DApp 10%
- Originality (assessed by the BIFROST Team) 25%
- Ease of use (based on user voting) 20%
- Contribution to the blockchain ecosystem (determined by the BIFROST team) 15%
Reward Distribution
- 20 DApps will be selected by the criteria above.
- A total reward of $100,000+ will be distributed based on score and ranking.
- Rewards will be distributed over a period of 6 months.
- DApps must remain active during this period to be eligible for rewards.
Terms and Conditions
- Transactions deemed malicious will result in disqualification.
- DApps must be pre-registered on BIFROST prior to deployment.
- DApp owners must complete KYC verification prior to receiving rewards.
Please access the following link to apply or find out more about the program.
Don’t miss out on this unique opportunity to participate and grow in an ever-growing ecosystem. We are very much looking forward to receiving your applications. BIFROST awaits you!
