CUDOS
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CUDOS

🚀 Project Artemis — phase two — successful completion! 🌖

Project Artemis

We are delighted to announce the successful completion of the second phase (Buzz) of our incentivised Testnet, project Artemis. This follows months-long efforts towards gathering feedback from validators and developers since the first phase (Apollo) launched in September. Your inputs informed rigorous improvements, which put us on course to commence the third phase (Armstrong) of our incentivised Testnet.

“The achievement of the software upgrade and testing of the network-wide hard fork was a massive first step in the product’s journey. Now, we’re taking steps towards decentralisation, and the Cudos community is taking ownership of the Validator pool,” commented Ethan Illingworth, our Blockchain Product Manager.

Background

The Apollo phase of Project Artemis commenced in September. In that phase, the team focused mainly on onboarding validators and developers and collecting feedback from our community.

Initially, we had over 22,000 developers sign up, which provided valuable insights into enhancing our Network. After the response review, we’ll begin distributing rewards to whitelisted validators in the coming weeks, as well as to developers and the rest of the validators after the Mainnet launch early next year.

Here is a list of developers who completed tasks and earned rewards in phase one.

Earlier this month, we formally launched the Cudos Network ecosystem with the start of phase two, Buzz. This means developers can now test smart contracts and start building on the Cudos Network.

Updates

Token migration

We’re in the final stages of preparing the Address Mapping tool, available to the community in early December. Anyone staking their CUDOS on our staking platform can utilise the tool to map their Cudos ERC-20 wallet address with Cosmos native wallet address. The mapping procedure will cost ETH gas fees, but the auto migration process will be cost-free. The Address Mapping will also allow anyone to be part of an automatic migration of their Cudos ERC-20 tokens to CUDOS native coins once we launch our Mainnet in Q1 2022. We’ll soon provide an instruction guide for using the tool.

As for those who are not staking and stakeholders that miss the mapping before Mainnet, they will still be able to migrate their ERC-20 tokens to the native coins by using a smart contract that we’ve also prepared. That smart contract is currently under review and testing phase, and if everything goes well, it will also be ready very soon. Note that migration using this way will also cost some ETH gas.

In addition, unclaimed rewards will not be migrated automatically. Instead, they’ll also have to go through the aforementioned smart contract.

NFT support

We also added two NFT tasks, which we shared in Discord. However, the governance proposal task we wanted to add to phase two that we mentioned before will now be part of phase three. All other tasks proceeded smoothly.

Phase three

The third phase of our incentivised Testnet will start during the week commencing December 6, 2021.

How to join and get rewards?

You can get involved right away by following the links below:

Notably, you’ll receive rewards based on the tasks you complete as part of the Testnet. Whitelisted validators will receive their rewards after each phase, while developers and non-whitelisted validators will receive native CUDOS tokens delivered to their wallets after we launch our Mainnet.

P.S. If you’ve already bought your CUDOS tokens, you can make the most of them by staking them on our platform to secure the Network and, in return, receive rewards.

About Cudos

The Cudos Network is a layer one blockchain and layer two computation and oracle network designed to ensure decentralised, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.

Learn more:
Website, Twitter, Telegram, YouTube, Discord, Medium

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