- Crypto.com has announced a competition on its testnet called Crossfire.
- The company wants to stress test the network before it rolls out its mainnet.
- Crypto.com said the shared prize pool is worth $300,000.
Crypto.com is organizing a dry run event called Crossfire and inviting validators to test the Crypto.com Chain before the mainnet launch.
$300,000 Prize Pool to Test Crypto.com Chain
Crypto payments company Crypto.com is organizing a dry-run contest for its testnet. The event is called Crossfire, a hackathon-style event that allows validators to compete with each other and win prizes.
Crypto.com said the contest’s shared prize pool is worth $300,000 to be given to winners in the form of CRO tokens.
“With the mainnet production dry run, we are entering the final stretch on the road to go-live. The Crossfire competition for validators with $300,000 in rewards is a critical part of stress testing the network before the much-anticipated launch,” said Kris Marszalek, CEO of Crypto.com.
The Crypto.com Chain testnet is based on the Cosmos SDK. According to the company, its blockchain has been developed especially for cross-chain asset transfers, a crucial step in its product roadmap.
Following is the breakdown of the prizes to be won for the Crossfire dry run event:
- Entry tasks – Up to $1,000 each (200 winners)
- Network upgrade – Up to $150 each (200 winners)
- Jackpot – Up to $10,000
- MVP Prize – $13,000 shared among the top 10 validators
- Network attack sharing, bug bounty program – Up to $50,000 shared by contributors
The entry tasks for validators involve setting up validator nodes and keeping them online during the test run period.
According to Crypto.com, apart from running a node, validators can perform tasks like submitting transactions to the network, performing node client updates, and solving bugs to win additional rewards.
Crossfire will occur from 04:00 UTC, Jan. 18, 2021, through 03:59 UTC, Feb. 15, 2021. Interested can register here.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article