The Good Tech Companies - Qtum Bridge is Live on Testnet with Incentive Campaign

Episode Date: November 7, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/qtum-bridge-is-live-on-testnet-with-incentive-campaign. Qtum is testing a bridge to the Ethereum blockchain through a community testnet aidrop program with USDC rewards from November 1-14. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #airdrop, #qtum, #testnet, #cryptocurrency, #crypto, #defi, #ethereum, #good-company, and more. This story was written by: @coinstelegram. Learn more about this writer by checking @coinstelegram's about page, and for more stories, please visit hackernoon.com. Qtum's team is testing a bridge to the Ethereum blockchain through an incentivized community testnet program with USDC rewards, running from November 1-14. Participants will use the QTUM-Ethereum bridge and a customized MetaMask Snap Wallet to transfer assets between chains. Qtum is offering 8,000 Qtum tokens for community engagement, with 3,000 tokens distributed in this first phase. No coding experience is required; participants need a MetaMask-compatible browser and will complete daily tasks to earn rewards. At the end of this phase, testers will receive QRC-20 memecoins for future events. The bridge aims to test speed, stability, and security while providing users a smooth experience.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Qtum Bridge is live on Testnet with incentive campaign, by Coinstellagram. Qtum Steam is testing a bridge to the Ethereum blockchain through a USDC incentive-viz'd community Testnet program. The community program which kicked off on November 1 will run till November 14 at 10 AM Time. End this phase will involve testing out two products, the Qtum Ethereum Bridge solution and a customized Metamask Snap wallet that'll allow users and developers alike to have a more familiar experience when bridging their assets between the two chains. Qtum decided to implement an incentivized community testnet once they had

completed internal testing. In this article, we will cover how to participate in the program and what you'll need to get started. What will I need to participate in the testnet of Qtum Bridge to Ethereum? You will be utilizing the Qtum testnest and Ethereum Sepolia to bridge assets to and from two chains. To get started, you must first follow our social media handles and engage effectively with other community members. The other prerequisite is using the audited Qtum Metamask Snap, which will also include a variety of testnet faucets. Each testnet participant will receive a daily task through the event's official website. If you want to build up enough points and qualify for a higher percentage during the airdrop, we recommend completing every daily task. What is Qtum's bounty for every participant?

Qtum Foundation will allocate 8,000 Qtum tokens to fund several short community test events. Each of these tokens will help the community better prepare for the main net deployment. The first phase will pay out 3,000 Qtum tokens divided to all participants taking part in the event, and the phase will last for two weeks. This is the address from which the team will distribute the AI drop reward tokens. QBridge 3NM HWP 9K Vike Suhut KBSB J5HX2SG to attract more users to the testnet event, Qtum has designed the initial phase of the event to be easier than the upcoming ones. This will also make it easy for participants who are new to crypto to enter the event. As such, you won't require any coding experience or advanced blockchain knowledge to

qualify. All you need is a robust browser that supports the Metamask wallet extension. Testers will get some memecoins. At the end of the initial phase, Qtum will distribute Qtum Mainnet QRC20 memecoins through a Community AI Drop to reward the testers. The participants will keep these Meme Coins and use them in subsequent testnet events. It is worthwhile to note that these QRC20 tokens will be distributed to the same wallet that will receive the main AI Drop tokens. Therefore, ensure you hold onto your MetaMask Snap wallet because it will come in handy later on, reliability, speed, stability and security. The team intends to put a lot of focus on attracting plenty of traffic to the test net so that it can effectively monitor speed,

security and stability. Moreover, the team will monitor Discord conversations to ensure all participants are getting a better user experience with the audited bridge's interface and the wallet. Features of the Qtum bridge. Qtum's bridge will comprise three primary components, a set of bridged USDC smart contracts, the Qtum Metamask Snap wallet and the actual bridge. The bridged USDC standard smart contracts will manage the process of burning and minting USDC when it's being bridged across EVM-compatible blockchains. Thanks to ConsenSys, any blockchain that wants to run their own version of the MetaMask wallet can do so using the Snap template. Qtum has already got one, the MetaMask Snap which will be listed on the ConsenSys Snap directory. To get started with the Qtum Bridge Testnet,

you'll need to interface with the following sub-components, Qtum testnet faucet, Circle testnet faucet and Sepolia ETH testnet faucet. Click here to get started. https colon slash slash www dot qtum dot org slash bridge dash event Thank you for listening to this Hackernoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.