AVA Labs To Distribute 2M Tokens In Its Final Incentivized Testnet
AVA Labs To Distribute 2M Tokens In Its Final Incentivized Testnet
May 30, 2020
AVA Labs To Distribute 2M Tokens In Its Final Incentivized Testnet
AVA Labs To Distribute 2M Tokens In Its Final Incentivized Testnet
May 30, 2020

AVA Labs is planning to distribute 2 million tokens in its final testnet before the project’s full launch in summer. “Denali Testnet” will serve as the final stage of the AVA network testing before AVA’s mainnet launch.

On May 29 AVA Labs announced that the new testnet will allow each validator to earn up to 2,000 AVA network’s native tokens.

AVA Labs tokens are not yet listed on any cryptocurrency exchange and not available for public purchase. Testnet registration starts immediately on May 29 while the first phase of the testnet launch will start on June 1.

An AVA Labs representative explains that participants are expected to set up live nodes. The Denali testnet consists of three core challenges, which run until June 15.

ALSO READ :  Ledger Joins The Universal Protocol Alliance

While AVA Labs expects to move to its mainnet in summer 2020, there is no specific date for the full launch of the project.

AVA Labs is an open-source platform and a layer 1 protocol for launching DeFi applications and enterprise blockchain solutions.

The platform is designed to unify DeFi applications and blockchain deployments in one scalable and interoperable ecosystem.

AVA co-founder, Kevin Sekniqi believes that the best way to describe the new protocol as the:

 “Internet of blockchains”


Source: Cointelegraph | Image: Pexels

Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!