Announcing Phala Testnet: Issue Your Own Token And Claim Rewards 🚀

Phala Network
Phala Network
Published in
3 min readMar 31, 2020

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Phala’s testnet PoC-1 is launched!

We are thrilled to announce that Phala’s testnet (version: PoC-1) is now alive! You can now try THE COOLEST confidential protection function based on confidential contracts:

  • Issue your own confidential token and transfer them to others
  • Use private transfer to protect details on chain such as your address and amount of tokens

AND, we prepared RICH REWARDS🎁 for our followers, community members and fans who participate and try our testnet by attending the quests below:

  • Quest I: Follow the Instruction
  • Quest II: Lucky confidential Token (DAILY GIVEAWAY)
  • Quest III: Fun for All
  • Quest IV: Share Your Token

Quest I: Follow the Instruction

Event due: until next upgrade

The earlier you finish the testing, the more rewards you obtain.

How:

  1. to test functions following our instruction 📖
  2. send the screenshot to our admins in Telegram group

Reward setting:

  • 10PHA for each — top 10
  • 9PHA for each —ranked 11~30
  • 8PHA for each — ranked 31~50
  • 7PHA for each — ranked 51~100
  • 5PHA for each coming after 100

Quest II: Lucky Token (Daily Giveaway)

Event due: GMT 13:00, April.6th

We will pick 3 Tokens in the token list randomly EACH DAY at GMT 14:00 and give PHA to them, which means 21 winners in 7 days. Winners will be announced in Telegram group and posted on Github.

How:

  1. Issue your confidential token on Phala testnet
  2. Save a screenshot of it, and post it on the community category of Phala Forum. Format of posting is:
  • The screenshot of your token
  • The idea behind it (why you choose it as your token symbol)
  • Your ETH address
  • Any other words you’d like to share with Phala team :)

Reward setting:

  • Day 1:22PHA
  • Day 2:33PHA
  • Day 3:44PHA
  • Day 4:55PHA
  • Day 5:66PHA
  • Day 6:88PHA
  • Day 7:100PHA

Quest III: Fun for All

Event due: GMT 13:00, April.6th

More participants, more rewards.

How: waiting for the growth of total participants numbers, or inviting your friends to join our test :)

Reward setting:

  • 100 participants: extra 5 PHA for each
  • 500 participants: extra 25PHA for each
  • 1,000 participants: extra 50 PHA for each

Quest IV: Share Your Token

Event due: GMT 13:00, April.6th

Simply share your token on Twitter and @PhalaNetwork: the more likes you get, the more rewards you will receive!

How: like this 👇

Reward setting:

  • 1st place: 50PHA
  • 2nd place: 40PHA
  • 3rd place: 30PHA
  • The rest of the participants: 5PHA

Best luck to all the participants!

On Reward Giving

All rewards will be delivered to your ETH address by the end of April when PHA is available on testnet.

About Phala

The 1st Substrate-based confidential smart contract platform on which you can develop secret-preserving and confidential-protecting blockchain apps. Member of Parity Builders Program starting lineup. Winner of Web3 Foundation Grant.

🌐Official Website | Twitter | Github |Telegram | Forum | 公众号

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