What are the required activities?

Ten is an encrypted Layer 2 built on Ethereum. Ten has been developed by the team that built Corda, the highly successful enterprise blockchain extensively used by industries and financial institutions to tokenize Real-World Assets (RWA) and central banks for CBDC.

Each testnet phase will last approximately 6-8 weeks, followed by a break of several weeks between subsequent phases. 

The anticipated duration for the complete incentivized testnet operation is 6 months.

This schedule is subject to change as testnet progresses at the sole discretion of Ten. Once the Ten Foundation is established, it will take responsibility for decisions on the testnet schedule.

Ten has allocated 22,500,000 TEN (2.25% of the total token supply) for community participants.

Performance-based rewards

For users - allocated rewards will be based on the completion of quests and their position on the leaderboard on the Galxe platform.

For developers - allocated rewards will be based on the quality of the idea (if not using one of the suggested ideas) and execution of the implementation of the dApp.

For node operators - the top 10% of nodes based on performance and uptime will receive the highest reward. The best performers in this group will receive a reward equivalent to at least the stake required to run a mainnet node and will be invited to participate in the mainnet first. 

Participation-based rewards

All users who participate in quests will receive an amount of tokens regardless of whether all quests are completed. The size of token rewards will be determined upon the conclusion of the testnet campaign and will be distributed by the number of points participants have earned by participating in quests during the program. The number of points awarded is not the same for each quest and instead reflects the complexity of the tasks in the quest.

All node operators will be expected to have participated by running or attempting to run a node. The 20% of node operators who did not make the top 10% will receive a reward.

Planned allocation

• 0.25% to users
• 0.10% to node operators
• 1.9% to developers and other contributions

Additional information

• All approved developer participants will be contacted via email.
• Further updates for all users will be communicated through the Ten Discord testnet channel. Participants are expected to monitor this channel and the contact information they provide to be notified of program updates.
• Technical documentation can be found on Ten’s official documentation site. Additional docs will be added throughout the testnet and beyond.
• All rewards will be distributed to approved and eligible participants after Ten’s mainnet launch and subject to the final vesting schedule described in the tokenomics paper.