Masa Extends Bittensor Incentive Testnet Until August 20

Bittime - Masa will extend the Bittensor incentive testnet period until August 20. Masa launched this testnet to give miners the opportunity to participate and get prizes of up to 3 million MASA tokens.  

Masa: Bittensor Incentive Testnet Details

This testnet is open for registration and officially launched on July 9, and will run until August 20. The final results of the testnet will be published on the Dune dashboard on September 3, and rewards will be awarded to validators and distributed when the Masa protocol mainnet launches in the fourth quarter of 2024.

How Bittensor Incentive Testnet Works

In this testnet, miners will provide data and computing resources to the Bittensor Masa subnet. The 256 miners with the best performance at any given time will earn rewards based on their contributions. 

Performance is calculated based on the amount of data, data quality, and computational processing power provided by the miners. All rewards are calculated programmatically throughout the duration of this testnet campaign.

Participation is Open to the Public

This incentive testnet is open to everyone, with no KYC process required. Participants only need a device with certain specifications, such as 2 vCPU, 8GB RAM, 10GB storage, and open ports 4001 (TCP/UDP) and 8080 (TCP). 

Final rewards will be announced on September 3, 2024, and will be distributed at the Masa protocol mainnet launch in the fourth quarter of 2024.

Bittensor Incentive Testnet Schedule

• July 9, 2024: Registration opens, testnet starts, and miners start earning rewards.
• August 20, 2024: Testnet ended.
• 3 September 2024: Final results and prizes are announced on the Dune dashboard.
• Fourth Quarter 2024: Rewards will be awarded to validators and distributed at the launch of the Masa protocol mainnet.

Uses of MASA Tokens

MASA is a utility token that supports Masa's decentralized AI ecosystem. MASA tokens are obtained by contributing data, computing and validation to the network. Some of the main uses of the MASA token are as follows.

• Staking Rewards: Validators, miners, and oracle nodes stake MASA to participate.
• Emission: MASA is distributed to contributors based on the value they add to the network.
• Cost: Oracle nodes pay MASA, stablecoins, or other tokens to consume LLM data and services. Non-MASA fees are exchanged for MASA tokens, with a portion of the tokens burned.
• Governance: MASA holders can stake or delegate staking to participate in governance, including voting on proposals such as technical improvements and fee structures.

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