Creditcoin 2.0+ Testnet Success!

The Creditcoin 2.0+ Testnet has officially come to a close, and we couldn’t be more grateful for the incredible hard work, dedication and support of both our longstanding community members and the thousands of new faces who joined us throughout the process.

In this blog post, we’ll share our biggest takeaways, highlights, and statistics from the Testnet, and reveal how exactly you can claim your Testnet rewards.

👉 Spoiler alert: make sure you fill out this form to claim your rewards.

Firstly, Thank You!

Thanks to all your hardwork, the Creditcoin Dev team was able to gather invaluable performance data for Creditcoin 2.0+, stress-testing the Network under various different conditions to help us optimize the full 2.0+ mainnet release, coming some time later in Q3!

Plus, the community’s feedback on several topics has been loudly received and will now be implemented in the full release. In addition, we also caught and squashed a number of pesky bugs thanks to your hard work. Again, thank you all.

📊 Final Testnet Stats 📊

• Total Applicants: 9,412
• Total Active Validators: 286
• Total Active Nominators: 2,882
• Countries: 91 🌏
• Top 5 Countries: 🇮🇳🇮🇩🇺🇸🇰🇷🇵🇰

🏆 Rewards 🏆

To claim your Testnet participation rewards, please make sure you fill out the Typeform survey here. You’ll need to enter a few details, such as your Discord ID, Testnet role and more. If you applied to the Testnet as a Validator but changed your role to a Nominator, please select your role as ‘Nominator Wave 2’ in the survey.

• ⏰ Reward Application Period: July 26 — Aug 11 (00:00 UTC)- Applications made after the deadline will not be eligible for rewards.
• 📅 Reward Date: Rewards will be sent within 4 weeks after the Mainnet launch.
• 🏆 Reward Type: Mainnet CTC
• 📜 Promotional Usage: You agree and consent to us using any collected information, endorsements and testimonials for our online marketing operations.

💸 Plus, you can also complete the optional feedback section to win up to 250 in CTC, available for the top 5 answers. As a reminder on how all the reward tiers work, see below.

🗳️ Nominator Rewards

🌊Wave 1: All active Nominators who participated in Wave 1 will receive 100 mainnet CTC.

🌊 Wave 2: All active Nominators who participated in Wave 2 of applications will receive a portion of a collective 100,000 CTC prize pool. (Up to 100 CTC max each)

In order to claim your rewards, remember to fill out the reward application form here.

🤖 Validator Rewards

🏆 Reward 1: The top 50 Validators at the end of the Testnet, according to total backed CTC, will share a prize pool of 100k mainnet CTC after the 2.0+ mainnet update goes live.

🏆 Reward 2: All Validators who ran nodes during the Testnet will share a prize pool of 100k mainnet CTC, distributed according to node activity throughout the duration of the Testnet. Rewards will be sent after the 2.0+ mainnet update goes live.

In order to claim your rewards, remember to fill out the reward application form here.

ℹ️ Reminder: If you cheated, made duplicate applications, or otherwise failed to adhere to the rules of the Testnet, you may miss out on your rewards.

That's all folks, and thank you once again for joining the Testnet and making it such a huge global success. If you have any more questions, please be sure to jump into the Creditcoin community Discord and ask us directly!

About Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain, with over 3 million credit transactions recorded to-date. By matching borrowers, lenders and investors on-chain, the protocol is paving the way for a new generation of globally interoperable credit markets.

Having integrated with various fintech lenders and connecting them directly to global DeFi investors, the Creditcoin network has helped thousands of borrowers, businesses, and investors secure capital financing, build credit history, and make global RWA investments.

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