Testnet Beta Prover Incentives

The Aleo team is thrilled to announce the launch of the Testnet Beta Prover Incentive Program, an integral step toward the future of Aleo. This program is designed to inspire and excite developers, pushing the limits of zero-knowledge technology and enhancing the Aleo Network’s functionality.

The Role of Provers in Aleo Network

Provers are vital to the Aleo Network. They solve coinbase puzzles in each block and generate zero-knowledge proofs, receiving rewards in return. This process not only secures the network but also ensures its efficient operation.

Incentive Program Details

The final incentive program before the mainnet launch will run from July 1–15th. This program targets provers on Testnet Beta, aiming to validate the coinbase reward mechanism and the underlying puzzle.

The Aleo Network Foundation will provide 1 million credits to provers during this period. Each prover will earn mainnet credits proportional to their testnet credits earned. The minimum reward is 1,000 mainnet credits; any prover earning fewer than this will not be eligible for a reward.

Participation Guidelines

Before participating, please consider the following:

• Hardware Requirements: Previous testnets have shown that while consumer-grade hardware can technically participate as a prover, it is unlikely to be effective due to high competition levels.
• Prover Information: For more details on participating, refer to the README in the Aleo Network Foundation’s snarkOS repository.
• Monitoring and Compliance: The Aleo team will monitor prover activity to identify and disqualify any attempts to cheat the system. Non-compliance with guidelines will result in forfeiture of rewards. The team reserves the right to withhold rewards from any individual for any reason.

Usage of Aleo Credits

It’s important to understand the following about Aleo Credits:

• Distribution: Credits earned during this incentive period will be distributed after the mainnet launch.
• Purpose: Aleo Credits are used as a payment mechanism for services on the Aleo mainnet.
• Non-Investment Nature: Aleo Credits are not investments or investment vehicles. Their value lies in their utility for mainnet functionality.

By claiming your rewards, you acknowledge that you:

• Are not acquiring Aleo Credits as an investment and have no expectation of economic benefit or profit.
• Are not relying on Aleo or its representatives in any way.
• Are not acquiring any equity or ownership interest in Aleo through owning Aleo Credits.
• Will not misrepresent Aleo Credits as an investment or an opportunity for economic benefit or profit.

Conclusion

Aleo appreciates the support of its testnet participants and their efforts in validating the protocol and infrastructure ahead of the mainnet launch. The dedication of time, energy, and computing power is crucial in ensuring the network’s efficiency and security.

Thank you for being a part of Aleo’s journey. The team looks forward to seeing the innovations and progress that come from this incentive program.