Win Up to $300,000 Testing Crypto.com’s Native Blockchain

Crypto.com is organizing a dry run occasion referred to as Crossfire and alluring validators to check the Crypto.com Chain earlier than the mainnet launch.

$300,000 Prize Pool to Check Crypto.com Chain

Crypto funds firm Crypto.com is organizing a dry-run contest for its testnet. The occasion known as Crossfire, a hackathon-style occasion that enables validators to compete with one another and win prizes. 

Crypto.com mentioned the competition’s shared prize pool is value $300,000 to be given to winners within the type of CRO tokens. 

“With the mainnet manufacturing dry run, we’re getting into the ultimate stretch on the street to go-live. The Crossfire competitors for validators with $300,000 in rewards is a important a part of stress testing the community earlier than the much-anticipated launch,” mentioned Kris Marszalek, CEO of Crypto.com.

The Crypto.com Chain testnet relies on the Cosmos SDK. In line with the corporate, its blockchain has been developed particularly for cross-chain asset transfers, a vital step in its product roadmap.   

Following is the breakdown of the prizes to be received for the Crossfire dry run occasion:

• Entry duties – As much as $1,000 every (200 winners)
• Community improve – As much as $150 every (200 winners)
• Jackpot – As much as $10,000
• MVP Prize – $13,000 shared among the many prime 10 validators
• Community assault sharing, bug bounty program – As much as $50,000 shared by contributors
  

The entry duties for validators contain establishing validator nodes and retaining them on-line through the check run interval.

In line with Crypto.com, other than working a node, validators can carry out duties like submitting transactions to the community, performing node shopper updates, and fixing bugs to win further rewards.

Crossfire will happen from 04:00 UTC, Jan. 18, 2021, by way of 03:59 UTC, Feb. 15, 2021. can register here.