Source
r/PolymathNetwork•
mgbeats

Incentivized TestNet Launch - RUNNING WITH THE BULLS

Read Polymath's most recent posts to learn more about the Incentivized TestNet and how you can earn POLYX for helping test the network.

https://preview.redd.it/80zl7yoqogm61.png?width=1650&format=png&auto=webp&s=4c3b1c67bb4cb03e9631f8bf65739abd2209b7a4

https://info.polymath.network/blog/a-letter-to-the-community
https://info.polymath.network/blog/running-with-the-bulls-on-the-polymesh-incentivized-testnet

Posted Mar 11, 2021, 8:49 PM UTC

1215
Fuzzy_Text4271•

1p=1POLYX?

2
riccardos93•

Hi guys! New to poly here. I’ve not understand how this gonna work, can someone explain me what we are supposed to do? Thank you!

1
SkoLGuy•

Buy POLY however much you want. This secures your position because the mainnet will be a 1:1 swap from poly to polyx.

After you do that these are the Incentivized Testnet Steps you need to take:

  • get a fractal.id basic+liveliness KYC check. It's free.
  • create two polymesh wallets
  • wait until April 13th. -when April 13th comes you'll use those two wallets and fractal.id to onboard. Now the system knows you.
  • request and get test-POLYX.
  • complete challenges using the test polyx like staking and transferring test polyx. -get paid for completing tasks

Then real mainnet probably in May 2021 but uncertain

That's when you'll do all these same steps but for real

1
SnooShortcuts5761•

How and when can I participate in the testnet?

1
SkoLGuy•

Buy POLY however much you want. This secures your position because the mainnet will be a 1:1 swap from poly to polyx.

After you do that these are the Incentivized Testnet Steps you need to take:

  • get a fractal.id basic+liveliness KYC check. It's free.
  • create two polymesh wallets
  • wait until April 13th. -when April 13th comes you'll use those two wallets and fractal.id to onboard. Now the system knows you.
  • request and get test-POLYX.
  • complete challenges using the test polyx like staking and transferring test polyx. -get paid for completing tasks

Then real mainnet probably in May 2021 but uncertain

That's when you'll do all these same steps but for real

1
RedAMRdit•

Interesting, but if I’m reading it right the points mean nothing ahah

0
mgbeatsOPPolymath Team•

Right u/ExperientialAgent. The points are not equivalent to POLYX amounts, but are correlated to how much POLYX you'll receive, based on the rewards pool and how many other users there are on the ITN.

6
RedAMRdit•

Makes more sense! Is there a sign up period?

3
fobal•

where can we check how many points we have? thanks for clarifying it btw

1
mgbeatsOPPolymath Team•

The ITN is not yet live. It goes live on April 13th.

2
fobal•

N is not yet live. It goes live on April

so everything we do means nothing?

1
ExperientialAgent•

I think the points determine if you recieve some payout at the end. There is 10M POLYX up for grabs which will be dold out based on how many folks participate and how many point they each have.

5
nozbo8•

It also sounds like the POLYX someone would receive from the 10M pot are “non-transferable and can only be used to secure the network via staking.” Though, maybe the POLYX received from staking rewards is transferable.

2
JX17_Prime•

You can unbound the staked tokens for transactions.

1
[deleted]•

[deleted]

1