May 6, 2022

KYVE testnet guide

KYVE - the web3 data lake solution, is a protocol that enables data providers to standardize, validate, and permanently store blockchain data streams. By leveraging permanent data storage solutions like Arweave, KYVE’s Cosmos SDK chain creates permanent backups and ensures the scalability, immutability, and availability of these resources over time. KYVE’s network is powered by decentralized archivers and validators funded by $KYVE tokens, and aims to operate as a DAO (Decentralized Autonomous Organization) in the near future. This past year KYVE has gained major support, currently backed by top VCs, including Hypersphere Ventures, Coinbase Ventures, Mechanism Capital, CMS Holdings, and blockchains such as Arweave, Avalanche, Solana, Interchain, and NEAR.

There are two reward pools in the incentivized testnet:

  • Pool A rewards the top 5,000 participants on the leaderboard
  • Pool B rewards all participants 1 to 10,000

Start of testing

Install Keprl & connect on the website.

Get test tokens via the Faucet tab.

Click Share on Twitter & tweet on your page. Copy the Twitter post link, paste & press Claim your tokens.

Follow the Discord channel. Copy your wallet's number under "Write a message with" & send it to the #faucet channel. You can claim tokens daily.

Spin the wheel and win tokens.

Go to Tasks. Complete as more tasks as you can in Community Tasks & Content Tasks. The more points - the more rewards.

Attention!

Community Tasks - points are calculated automatically.
Content Tasks - you need to upload in Korellia Profile.

Go to Pools & select Solana. You can choose any other, but we chose the network with less TVL.

Go to Funders & click Become a funder. Pay your attention! The minimum amount now is 536,38 KYVE. If you don't have, so s some KYVE and do it later.

Add it to the Pool & click Fund if you have the needed amount.
Then go to the Delegation tab & choose somebody to delegate tokens & click Become a delegator. Set KYVE amount & send.

Follow the Discord channel and leave feedback in #testnet-feedback.

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