KYVE incentive testnet
Short explanation guide for newbies.
Hello all, in this short post I will tell you about a promising project KYVE and how you can help it develop now.
Core idea
KYVE is an initiative to store any data stream, with built-in validation. By leveraging the Arweave blockchain, KYVE can permanently and immutably store this data. Other words, building of decentralized data lake. You can see the process more clearly in the brief diagram below.
The network is powered by decentralised uploaders and validators. These nodes reside in pools, each pool focusing on archiving a specific data stream.
Nodes are incentivised by a unique staking system, which involves them locking their $KYVE tokens while being active in the pool. Validators will vote on whether the designated archiver is properly doing its job — sounds like community organized decisions. And this is a good way to show up your skills in testnet that just launched.
So, now talk about what can you do now for the project.
Korellia incentive testnet
If you understand Russian, you can see my brief overview of the usability testnet in this video. But if not, below I have listed all types of activities and how they can how they will be evaluated by the project. I would like to point out that the content is manually checked by the community members and the requirements for its quality are quite high.
Design
Create video tutorial
Maximum 2 tutorial videos on KYVE functions
1500 points per video
Create video introduction
Maximum 2 intro clips for upcoming KYVE content
1500 points per video
Create funny content
Maximum of 5 memes, 3D printable treats, or anything funny related to KYVE
150 pts per content
Create explanatory content
Maximum 2 that explain KYVE concepts or features
500 points per content
Community
Retweet our Twitter posts
Must be the most recent tweet
40 pts per retweet
Like Twitter posts
Must be the latest tweet
40 points per Like
Follow our Twitter
@KYVENetwork
100 points in total
Eligibility for the Korellia wheel
1 spin every 24 hours
1/5/10 points per spin
Entitlement to Twitter
Only 1 time
150 points in total
Claim on Discord
1 claim every 24 hours
20 points per claim
Technology
Governance vote
Participate in KYVE Governance (How to)
10 pts per vote
Stake out
Deploy $KYVE to support protocol nodes (How to)
130 pts maximum
Delegate
Help secure the KYVE network by delegating (How to)
150 pts max
Fund
Help finance a pool (How to)
50 pts max
Create bundles
Protocol nodes only (How to)
50 points per bundle
Match correctly
Protocol nodes only
1 point per correct vote
Reward system
Every each activity will be rewarded by special points according to the grading I gave above. There is Leaderboard that counts all the points and show progress of community.
Then it will be convert to something another, stay tuned for updates.
Useful links:
https://docs.kyve.network/#getting-started — information starter pack;
https://www.kyve.network/ — main site;
https://app.kyve.network/#/ — testnet Korellia main page;
My wallet: kyve1sqeefplxr0tkpq2chz7v9xufpklh66ms9dxn2u
