CrossFi has dedicated 4.88% (420,000,000 MPX) of the total token supply for the CrossFi Chain Testnet Program. Rewards are distributed based on the type of participant (validators, developers, users), and the relative performance of the participant in the system.
For additional information on the reward pool, see here.
CrossFi is a multi-asset adaptor protocol that enables cross-chain interoperability and provides liquidity to assets trapped on illiquid infrastructure. CrossFi Aims to democratize decentralized finance by allowing anyone to create a synthetic asset on the Ethereum blockchain that is a derivative of their assets on any other infrastructure when those assets are staked and collateralized through the CrossFi platform.
This program is to run in three phases with each phase focusing on a specific initiative across Validators, Developers, and Users.
The Cross Finance team maintains the right to change the duration of testnet phases at any time.
For validators, participants are required to fill out an 11-question application to begin the process of being accepted into the testnet program. If participants are selected, they will have to complete the following steps:
For additional information on types of season passes and the reward pool, see here.
Eligibility requirements vary across the type of participant. Each participant type will require the XFI Console (native wallet) and Metamask. Certain participants will require to fill out relevant application forms. The number of participants are unlimited for Validators, Developers, and Users; though only the top 64 validators will receive rewards.
For additional information on the eligibility requirements, see here.
Certain jurisdictional limitations may apply (i.e. users must be non-U.S./Canada and OFAC compliant), as outlined here.