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Participating in the Mchain Hub on Testnet

The Mchain ecosystem offers a vibrant and innovative platform for users to explore, experiment, and contribute. We've introduced a rewards system on the Mchain Testnet to encourage active participation, allowing users to engage with various features while earning incentives.

Why Participate in the Mchain Testnet?​

Participating in the Mchain Testnet is an excellent opportunity for users to:

  • Learn and Experiment: Get hands-on experience with blockchain technology.
  • Test Features: Explore the functionalities of Smart Tokens, Mchain Name Service (MNS), and other modules without risking real assets.
  • Improve the Ecosystem: Provide valuable feedback and suggestions to enhance Mchain's features and usability.

Mchain Testnet Rewards System​

To motivate user engagement, we've implemented a rewards system that offers various incentives for participating in different aspects of the Mchain ecosystem on Testnet.

Eligibility Criteria​

  • Users must have a registered account on the Mchain Hub Testnet.
  • Participants should actively use the Testnet for transactions, Smart Tokens and other available features.

Reward Categories​

  1. Smart Token Creation and Management: Create and manage Smart Tokens on Testnet. Rewards are based on the complexity and usage of the tokens.
  2. MNS Domain Registration and Usage: Register and use .mark domains. Incentives are given for innovative and consistent usage of MNS.
  3. Participation in Governance: Actively participate in governance by voting on proposals or submitting new ones.
  4. Staking and Delegation: Stake testnet MARK tokens and delegate to validators. Rewards are distributed based on the staking duration and amount.
  5. Bug Reporting and Feedback: Identify bugs or provide constructive feedback to improve the platform.

Reward Distribution​

  • Rewards are distributed monthly and credited in testnet tokens or exclusive non-fungible tokens (NFTs), which can be showcased as contribution badges.
  • Top contributors in each category will be recognized on the Mchain community channels and may receive additional rewards.

How to Participate​

  1. Set Up Keplr Wallet: Install and set up the Keplr wallet to interact with the Mchain Testnet.
  2. Explore Mchain Hub Features: Use the various features available on the Mchain Hub Testnet, such as creating Smart Tokens, registering MNS domains, and participating in governance.
  3. Track Your Contributions: Track your activities on Testnet to claim your rewards.
  4. Claim Rewards: Submit your contribution log to the Mchain team at the end of each month for review and reward distribution.