Store&Earn to be Updated: Claim and Registrations on Hold

The Store&Earn program has been a driving force behind the mass adoption of decentralized storage among regular users and the development of the DeNet Storage Protocol. Starting on August 30th, the program will undergo an upgrade process, as the intended 6-month period comes to an end. During the update, the claim function and new participant registrations will be disabled. So what’s next?

Results from S&E Program Over 6 Months

We’re thrilled to share some impressive results from the Store&Earn program over the past six months. Here are just a few highlights:

• 1,000 storage contributors joined: We’ve seen an incredible influx of users joining the program, using and contributing their storage capacity to the DeNet ecosystem.
• 7,000 tweets about the program: The Store&Earn program has generated significant buzz on social media, with thousands of tweets sharing news, updates, and successes from the program.
• 7 PB of storage deposits were made: This is a staggering amount of storage capacity that’s been added to the DeNet ecosystem, demonstrating the program’s effectiveness in incentivizing users to contribute.

These results demonstrate the Store&Earn program’s success in driving mass adoption among regular users and fueling the development of the DeNet Storage Protocol. We’re proud of what we’ve accomplished so far, and we’re excited for what’s next!

The Update: What You Need to Know

However, all good things must come to an end — at least temporarily. The Store&Earn program will undergo an update process, starting on August 30th. During this time, the claim function and new participant registrations will be disabled.

But don’t worry, users! This pause is not a permanent goodbye. Instead, it’s an opportunity for the DeNet team to make exciting updates that will drive decentralized storage even further. When the program is open for new participants again, you can expect more innovative features and developments that will take the ecosystem to the next level.

FAQ:

• What Happens if I Don’t Claim My Tokens?

If you haven’t claimed all your tokens by August 30th, don’t worry — they won’t be lost forever. Any unclaimed tokens will automatically convert into DeNet Points, which can be converted back into tokens after the program updates.

• Can I Still Participate During the Update?

Yes, participants who joined the program before August 30th can still complete Store&Earn tasks to earn DeNet Points. These points can be converted into tokens once the program is updated and reopened.

• What Changes Can We Expect?

Rest assured that the updates will be exciting and beneficial for the ecosystem. The DeNet team has been working hard behind the scenes to create exciting avenues for users to engage in the growth and development of the DeNet Storage Protocol.

The Store&Earn program has been a huge success since its launch in February. While the update period may seem like an inconvenience for the new participants willing to join, it’s actually an opportunity for the Store&Earn program to come back stronger than ever!

Stay tuned for more details on S&E and ecosystem developments — all we can say for now is that it’s going to be big!