Incentivized Testnet Sanford is here!
All sanford event announcements will be relayed to the community through our discord server
🌎 Overview:
Launch Date:- November 22, 2021 at 6 PM UTC
End Date: December 20, 2021 at 6 PM UTC
Duration:- 6 weeks
Structure: 3 time based phases and 3 stand-alone events.
Mainnet Total Rewards:- 680,000 IDEP
Unbonding Period: 2 Days
Total Supply: 1,000,000 IDEP
Validators: 200
The Inflation:
- Starting Value:- 13%
- Minimum Value:- 7.5%
- Maximum Value:- 25%
Governance:
- Minimum deposit for governance proposal: 1000 IDEP
- Voting Period:- 3 days
- Deposit Period:- 3 days
Slashing Percentage:-
- Unjailed:- 0.01%
- Governance Proposal Slashing:- 0.01%
Requirements:
Although there is no minimum system requirements you can use the following as a rough guide:
- Latest Version of Ubuntu
- 2 CPU Processor
- 4 GB Ram
- 150 GB Storage
Stand-alone Events:
Stand-alone events will not be limited to phases and will last the entire 6 weeks of the event.
🎁 Game of Uptime — Produce the longest consecutive number of blocks in Sanford and receive an ultra-rare 1 of 1 3D NFT.
🎁 Uptake Hackathon — Create a front end for the Uptake NFT module and enter for a chance to win 50000–100000 IDEP. (Only 1 participant will win)
🎁 Validator Royale — The top 10 validators who propose the most number of blocks will be eligible to receive a 100k IDEP delegation for 1 year from the IDEP Foundation if they create a validator during mainnet with a minimum of 20000 IDEP.
⏱ Phase 1 — Horizon (finishes December 6)
IDEP Network onboarding for Validators and users, focussing on account creation, hardware provisioning, node syncing, and governance.
Only pre-selected users will qualify to earn for completing the tasks.
Total amount available per user:
- Up to 950 IDEP per validator.
1. Validator
- Setup an IDEP Validator
- Reward 200 IDEP
2. Uptime
- Maintain an 80% uptime for the remainder of Phase 1
- Reward 200 IDEP
3. NFT
- Create a denom with 10 Unique NFT collections
- Reward 200 IDEP
4. Governance
- Vote on the Governance Proposal for on-chain upgrade
- Reward 250 IDEP
The date and time for the network upgrade will be announced in the 💎-testnet-sanford channel in our discord.
5. Twitter Post
- Create unique Twitter Post in any language with the tags
#IDEP $ATOM #NFTs #nftart #cosmos #blockchain @idepnetwork
describing one one task you have to complete in phase 1. - Reward 50 IDEP
6. Medium Article
- Create a unique medium article in any language and tag IDEP. The article should be related to a task that you completed during phase one.
- Reward 50 IDEP
Upon completion of each task please submit your evidence to the link provided in the IDEP Discord 🕒-phase-1-form channel. Tasks will be monitored by the team and validated on-chain for completion.
