10 Million GTU Tokens up for Grabs as Concordium Launches Third Testnet

Enterprise blockchain platform Concordium has released another testnet in preparation for its mainnet rollout. This new testnet is the third iteration and it comes with new features and an incentive program for adopters.

Concordium plans to offer scalable and privacy-focused decentralized ledger technology (DLT) solutions to meet enterprise blockchain needs. Businesses across the world continue to experiment and even deploy the novel tech with blockchain looking to move from buzzword to a fully realized base tech in the global business process.

Concordium Launches Incentivized Testnet

According to a press release shared with Blockonomi, Concordium has launched its third testnet as the enterprise blockchain network nears its mainnet release. The rollout of the third testnet follows two previous successful trial network implementations deployed back in April and June 2020.

For its third testnet launch, Concordium says it is upping the ante with incentives to encourage adoption. Testers, developers, and other users who join the network will stand the chance to win up to 10 million GTU tokens.

Winners of the GTU bounty will receive their tokens once the mainnet goes live later in 2020. The rewards will be for users who contribute computing power to secure the network between October 15 and November 26.

Commenting on the reward scheme, Concordium CEO Lone Fønss Schrøder remarked:

A great deal of work has gone into our third testnet, and we wanted to incentivize the community to participate right out of the gate. Over the six-week period, I am sure that we will receive some fascinating contributions from talented testers. Thanks to the generous rewards on offer, these participants will be committed to contribute their best and stress-test the Concordium network, so we can make it stronger together.

According to the press release, interested participants will have to complete a series of challenges and submit their solutions via Github. Rewards will only be sent out to duly…

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