Join The Capx ($CAPX) Incentivized Testnet

D9Hf...kLKX

21 Feb 2024

Hello BULBers,
I know most of my followers have been missing my engaging articles and must be wondering where or what I have been up to. Well, there a lot of projects launching soon and most are also coming up and I have been researching in order to bring legit and profitable information to everyone who patiently waited.
Today let's dive into this newly launched testnet and how we can participate.

What is Capx?

Capx AI Protocol is pioneering a new frontier in decentralized AI development, aiming to unite hundreds of millions of users worldwide into a collaborative, blockchain-powered ecosystem. It aims to build the most robust AI models guided, aligned and tuned by human input, thereby building the most ‘human’ AI development infrastructure.

Capx aims to build an inclusive platform where every contribution, from data curation to computational power, is valued and rewarded with $CAPX tokens, fostering a global community that shapes the future of AI. By leveraging the collective intelligence and resources of users across the globe, Capx is dedicated to building the most extensive network for AI development, driving innovation and accessibility for all.

Program Overview

Capx is a decentralized peer-to-peer AI protocol aimed at establishing the most human centric AI infrastructure by decentralizing the AI data pipeline & distributing the AI data compute. Capx Protocol operates on a token-incentivised human network, utilizing the Capx Chain (currently in testnet) for proof generation, maintaining transparency across all data interactions, as well as enabling encryption and maintaining self-custody over personal & private data, being used to train LLM models.
“With the Capx Chain Testnet Campaign, Capx aims to stress test the infrastructure, especially the Capx Chain in terms of data verification, data storage, smart contract verification logic, asset transfers, staking, minting & burning mechanism.”

See the detailed Capx Testnet Overview below:

The Capx Token

Capx Chain’s native token CAPX, is a multi-utility token which primarily focuses on ‘Network Functionality’ & ‘Contributor Economy Creation’.
Network Functionality: CAPX tokens are used as -

Network Token - CAPX serves as the primary medium of exchange within the Capx Chain ecosystem, enabling participants to interact with network services and applications.
Sequencer Reward - CAPX tokens are awarded to sequencers (nodes that order transactions) for their role in maintaining the network's integrity and speed.
Gas Fee - as part of the Capx Chain network, compensating for the computational resources required to process and validate transactions.

CAPX token holders gain access to tier-based bonus rewards and various opportunities, enhancing the incentives for contributors and network participants.

Eligibility

In order to participate in the incentivized testnet campaign, it is important for the participants to mint their ‘Season Pass’. The Season pass is a soul-bound NFT that gives them the access to the incentivized testnet, as well as the associated rewards. There is no other requirement in order to become a campaign participant.
There are four distinct variations of Season Passes, each with its own limited supply and minted on a first-come, first-served (FCFS) basis, accompanied by its unique reward pool. These Season Pass types are categorized as Alpha, Beta, Gamma, and Delta.

Click here to join the Capx Testnet

Code: PYGKJF

Program Timeline and Rewards

The Capx Testnet is set to run for the next Ten (10) weeks, which started on the 16th of February. This can be changed at the sole discretion of Capx. Please find the breakdown of Testnet activities below:

Capx Chain has allocated 15,000,000 CAPX tokens (1.5% of the token supply) to the incentivized testnet program.
On-chain Point System: We have implemented a novel reward system named "UNITS," an on-chain (ERC20) point system designed to incentivize members of the Capx app and contributors to the Capx chain. The Capx App members can simply complete various tasks, as well as participate in the Capx App referral program to earn UNITS. These UNITS will later be converted into CAPX tokens.
The 15,000,000 CAPX tokens are distributed based on independent performance + relative position of the person in the system. There are 3 deciding factors based on which the rewards will be distributed to the participants -

Number of UNITs Earned & Staked: an on-chain point system on Capx Chain
Capx Profile ID Mint Number: the earlier you mint, the more tokens you earn
Type of Season Pass: Alpha, Beta, Gamma & Delta

The ‘type of season’ pass is a contributing factor along with the other 2 factors that decide the amount of CAPX tokens the participants will be rewarded. Consider the “type” of season pass as the overarching factor that determines how Capx will segregate the early participants from newer participants.

This is the commitment of Capx to democratizing AI, making it by the people, for the people.

Source Credits: coinlist.co

DO NOT JUST READ AND SKIP, JOIN THE TESTNET NOW!!!

Do not forget to share and grow your community.
Kindly follow me on Twitter (now X): https://twitter.com/kwekunyarko192 for more content.

Your reaction, share, comment and tips are highly encouraged to help us bring more content like this. Thanks.

Click the links below to read more on my previous blogs: