Announcing Concordium Testnet 4 Incentives

Published in

Concordium

4 min readJan 21, 2021

After an incredible Testnet 3 which has seen more than 2,000 participations contributing to Concordium, it’s time to realise our last Testnet before the official launch of Concordium Blockchain, scheduled for Q2 2021.

Testnet 4’s scope is the following:

Smart Contract development and deployment
Baking blocks
Transactions
Documentation localization and tutorials

Team Concordium is happy to invite smart contract developers, node operators and users from all over the world to compete and collectively earn up to a total of 15 million GTU, which will be distributed once the mainnet is launched.

Rationale

As its predecessor, Concordium Testnet 4 is a collaborative era intended to stress-test the network, encourage participation from all over the world, and help testers, developers, and users get ready to participate in Concordium.

Concordium Testnet 4 will be soft-released on Jan. 13th, 2021. The Incentivized Testnet 4 will start on Jan. 20th 2020 and will end 6 weeks later.

During this period, smart contract developers, businesses, node operators, and community members can receive rewards (up to 0,15% of the mainnet supply, meaning up to 15,000,000 GTU) for helping to secure, sustain, and grow Concordium Network and the ecosystem.

Missions and Exercices

The challenges can be viewed in Project Challenges.

Rewards Distribution

Concordium accepts one approved submission per challenge per contributor.
Each challenge has a GTU amount tag, indicated in the summary table on Github. This amount is rewarded, if Concordium approves the submission.
Each challenge has a total number of rewards, indicated by the summary table on Github. Rewards are paid out after the first-come-first-serve principle. When the maximal total number of rewards is reached, Concordium won’t check nor approve any more related submissions in the queue.
Rejected submissions can be modified and resubmitted. However, they will lose the spot of the original submission in the queue and the new resubmission will have to line up at the end of the submission queue.

Submission steps

The submission steps are to be found in our Readme document on our repo here.

Rules of Engagement

Concordium does not intend to collect and store any other user data of its challenge contributors than what is strictly necessary to pay out their rewards on the mainnet once it is launched. Concordium only stores the GitHub username and the earned total reward amount of its contributors.

The following rules of engagements are required:

A contributor, who wants to submit a challenge result in repository Testnet4-Challenges, must be a registered user on GitHub.
All submissions must be signed with GitHub build-in commit signature mechanism using GPG.
The GitHub username should not be changed until the rewards are paid out
After the launch of the mainnet, a contributor should create a mainnet account and send a signed submission of the account address in repository Testnet4-RewardClaim.

To sign your submissions, you must use the GitHub build-in commit signature mechanism using GPG. If a commit has a signature that cannot be verified by GitHub, i.e. marked unverified or not marked at all, it does not constitute a valid submission for Concordium. Please see GitHub — Commit Signature for more information.

This approach enables Concordium to trace the GitHub username to earn rewards on Testnet4-Challenges and to a mainnet account on Testnet4-RewardClaim.

While we don’t expect it, in the unlikely event that Concordium determines in its sole discretion that legal or regulatory issues prevent the delivery of any portion of rewards, the rewards may be restructured, postponed, or canceled.

By participating in Concordium Testnet 4, participants are approving its terms and conditions.
Any rewards earned will not be vested.
To be eligible for rewards, participants must create an account and be KYCed

Bugs and Improvements

If a bug is identified during the testnet that threatens the validity of the program or the Concordium team identifies some other unforeseen exceptional circumstance, we may end the testnet early. Rewards will still be awarded for the period prior to the discovery of any such bug, to the extent they can be reliably determined. If the bug is responsibly disclosed to the Concordium team, the team reporting it will be eligible for rewards of up to $50,000 paid in GTU, depending on the severity and practicality of the bug, as determined by the Concordium team.

Get started

First of all, Team Concordium recommends that all participants get started with the documentation.
Join the dedicated Telegram and Discord groups and follow Concordium on Twitter | (this is where we will proceed to public announcements)
Choose your missions and exercises
Contact our team if you have questions at testnet@concordium.com or in our social media channels Telegram | Discord | Reddit | Twitter.