Capx Testnet Rewards & its Reward System
The Capx Chain Testnet Campaign heralds a new era in AI blockchain technology, focusing on rigorous stress tests of the Capx Chain's infrastructure. This encompasses data verification, storage capacities, smart contract logic, and the mechanisms of asset transfers, staking, minting, and burning. With a strategic rollout divided into four distinct phases, the campaign aims not only to refine and enhance the Capx Chain but also to richly reward its participants for their contributions.
Introduction
The Capx Chain Testnet Campaign is aimed at testing the Capx Chain's robustness and scalability. The campaign is an open invitation to the community to partake in shaping the future of AI infrastructure. The rewards system, intricately designed to motivate and compensate contributors, is a testament to Capx's commitment to its community.
Overview of the Capx Incentivized Testnet
The campaign is structured into four progressive phases, each with a specific objective that guides participants through the testnet's lifecycle:
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Phase 1: Genesis - Introduction to the ecosystem.
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Phase 2: Farming - Aimed at maximizing reward farming.
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Phase 3: Staking - Focuses on staking the rewards.
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Phase 4: Earning - Dedicated to contributing and earning additional rewards.
A staggering 18,000,000 CAPX tokens, constituting 1.8% of the total token supply, have been allocated to the incentivized testnet program, signifying the importance of this initiative.
Types of Rewards
On-chain Point System
At the core of the rewards system is the innovative "UNITS," an on-chain point system designed to incentivize contributions. Participants can earn UNITS by completing tasks or inviting others to the campaign. UNITS is an ERC20 token on Capx Chain.
xCAPX Tokens
xCAPX tokens represent an IOU from Capx, serving as non-transferrable, non-tradable tokens that are redeemable on a 1:1 basis for $CAPX tokens post-TGE, embodying the trust and value Capx places on its contributors. xCAPX is an ERC20 token on Capx Chain.
Project X NFT
The Project X is an NFT collection powered by Capx. This is the rarest reward. Details about Project X NFT will be released soon. Project X NFT is an ERC721 token on Polygon PoS Chain.
The Reward System
The Capx token reward pool dedicated to the Capx Incentivized Testnet will be distributed based on the following criteria:
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Number of UNITS Earned & Staked: Reflecting active engagement and contribution.
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Capx Profile ID Mint Number: Early adopters will be given slight edge over the late bloomers.
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Type of Season Pass: Distinguishing participants by their entry phase into the testnet, with Alpha, Beta, Gamma, and Delta season passes signifying the order of participation.
The final CAPX token reward allocated to the contributor, at the end of the campaign, will take all of the above the described criteria into consideration.
Conclusion
The Capx Incentivized Testnet Campaign offers the community a unique opportunity to contribute to the Capx Chain's development and be rewarded. By understanding the rewards system and strategically engaging with the testnet, participants can significantly benefit from their contributions.