Upcoming TuringNet Rewards Program

Bella Wang
TuringNet
Published in
3 min readAug 24, 2018

We will be launching our first rewards program in 72 hours!

Join us as early community members to earn TNET Points (TNETP) by:

  • Invite friends to join and follow our social channels
  • Spreading words about TuringNet on various social channels
  • Creating original contents and share publicly
  • Get ready to join the program at https://tnet.bounty.global

Top 50 community members with the most TNETP points will have the opportunity to partner closely with us as community leaders for more bonuses, early access to our platform, project insights, and many more surprises!

Why not reward TNET Tokens from the very beginning? What do we do with TNETP?

Since all the tokens on TuringNet are mined instead of purchased, we will not pre-mine or host pre-sale of TNET Tokens. The TNETP points serve as a critical parameter to how quickly you will obtain your future TNET Tokens. Join early before all the points are gone!

Rewards Size

We will run 3 rounds of rewards programs, rewarding 60,000 TNETP each round. A total of 180,000 TNETP points. We have reserved 0.02% of TNET Tokens (which is 180,000 TNET Tokens) just for our early community members out of our 30% donation pool!

How does TNET get distributed to community members?

No rock science math! Once our genesis mining kicks off (which we are targeting an alpha launch by Q4), early community members with TNETP points will altogether receive:

Total TNET mined * 30% * 0.02% = 180,000 TNET in 4 years

This is based on our conservative mining projection, members will receive tokens automatically on a monthly basis.

How much would TNET Tokens be worth by then?

The AI market alone will be reaching over $105B in the next few years, and conservatively, we are targeting to increase TuringNet’s market cap to over 900M in 4 years.

Note on KYC

For legal purposes, please understand that KYC will be required before tokens can be distributed. Please stay tuned for our KYC process details that’s coming up very soon!

Value of TuringNet

We aim to maximize community members’ benefits, significantly lower the mining bar and enable our community members to easily participate in AI model learning by accomplishing various fun tasks on our platform.

TuringNet Platform nurtures long-term value with strong bonding between the team, investors, and the community.

The future value of TuringNet Platform is justified as the followings:

  • Our AI platform provides enterprises the access to decentralized AI models (DModels) as part of AI solutions.
  • Enterprises and developers can publish model learning tasks for various purposes, for example, they can test products and services on the platform with specific hypothesis.
  • Users can purchase products and services with functional utility tokens on the platform, named TNET Token, and the total market cap of TNET will continue to increase as we expand our ecosystems.
  • 100% of TNET tokens (6B in total) will be obtained through completing valuable tasks, aka mining, users will retain 70% of the tokens mined, and donate 30% to the project team for ongoing platform development and operations.
  • The project team, investors and the community will have strong interest binding in the long term. The project team is highly incentivized to expand and increase the value of the community and the ecosystem. On the other hand, community members will also be eager to participate in and contribute to our ecosystems with a long term consensus in value.

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Bella Wang
TuringNet

Business Strategist, Tech Futurist, Blockchain Enthusiast