The crypto fee community Crypto.com introduced on December 18, 2020, that will probably be organizing the Crossfire Mainnet Dry-run for testing the Crypto.com Chain mainnet forward of its launch. Crypto.com Chain is the next-generation public blockchain that may facilitate cross-chain transactions between folks and companies.
The incentivized competitors Crossfire shall be open to validators, who will take a look at the mainnet on the newest testnet Croeseid constructed on the codebase Cosmos SDK. The competition’s whole prize pool is as much as $300,000 value of Crypto.com Coin (CRO) tokens.
In line with Crypto.com chief government officer Kris Marszalek, the Crossfire Mainnet Dry-run is an important step towards stress testing the community earlier than releasing the Crypto.com Chain mainnet.
The competitors will conclude in four phases, starting on January 18, 2021 (04:00 UTC) and ending on February 15, 2021 (03:59 UTC). A most of 200 validators can participate within the contest.
The registration course of is as follows:
Join on the web site of Crypto.com Chain to develop into a validator. between December 17, 2020 (13:00 UTC) and January 11, 2021 (12:59 UTC).
Timeline of the Competitors
Section 0: Registration Interval and Pre-Validator setup
Necessary Dates: December 17, 2020 (13:00 UTC) – January 11, 2021 (12:59 UTC)
Register for the Crossfire competitors. Present a Crypto.com Chain mainnet major deal with by means of registration e mail. Use this major deal with for performing duties throughout the competitors. Be part of the testnet Croeseid. Check the instructions and set up the first node. No CRO rewards in Section 0. Section 1: Validator Setup
Necessary Dates: January 18, 2021 – January 25, 2021
Launch of the particular Crossfire Mainnet Dry-run testnet. Arrange the first node. Submit block commitments (no less than one) to the community. Profitable validators will earn CRO rewards. Section 2: Maintain Major Node Energetic
Necessary Dates: January 25, 2021 – February 08, 2021
Maintain the first node lively and steady. Keep the first node with 50% of uptime. Carry out the community improve. Validators will earn CRO rewards for efficiently upgrading the first node.
Necessary Level: Up Time = Complete variety of commitments (Section 1)/Complete variety of blocks (Section 2)
Section 3: Community Assault & Defence
Necessary Dates: February 08, 2021 – February 15, 2021
Necessary Level: The first node uptime in section Three will determine the rating of the duty of essentially the most helpful participant. The community would possibly add extra duties in section Three as and when required.
All through the competitors, taking part validators will compete with one another for a sequence of duties. The members shall be rewarded with CRO tokens upon profitable completion of the duties.
Entry Degree Duties Validator Setup (Section 1)
Validators have to arrange a major node and submit no less than one block dedication to the community. Profitable members will earn $200 value of CRO tokens.
Maintain Major Node Energetic (Section 2)
Members shall be awarded $800 value of CRO tokens upon sustaining 50% of uptime with the first node.
Extra Duties with Extra CRO Rewards
Collaborating validators may have the chance to earn extra CRO rewards for performing a set of various duties, corresponding to:
Transaction Jackpot ($100-$2,500 CRO): For efficiently sending transactions to the community. Proposal Voting ($50 CRO): For efficiently voting for the community improve proposal. Carry out Node Improve ($100 CRO): For performing node shopper improve of the first node. Community Assault Sharing ($50,000 CRO): To investigate and supply particulars of the assaults noticed on the crypto community and share it on the Crypto.com Chain GitHub. Most Precious Participant ($500-$5,000 CRO): Every process will carry a particular rating. The highest 10 members, who obtain the best rating, may have the prospect to earn extra CRO rewards.
Breakdown of Validator Rewards
Entry Degree Duties: As much as $1,000 every (200 winners) Community Improve: As much as $150 every (200 winners) Transaction Jackpot: As much as $10,000 MVP Prize: $13,000 (shared among the many prime 10 members) Community Assault Sharing: As much as $50,000 (shared amongst contributors)
Crypto.com additionally gives a referral program the place taking part validators can refer anybody to hitch the Crossfire Mainnet Dry-run. The eligibility criterion for receiving the referral bonus is finishing the entry-level duties. This system will reward each Referrer and Referee a bonus of $50 value of CRO tokens.
Champion: $5,000 value of CRO tokens First runner-up: $3,000 value of CRO tokens Second runner-up: $1,500 value of CRO tokens
4th to 10th place: $500 value of CRO tokens every