Public debut for Incentiv, boasting 1.2 million wallets and 26% of $CENT tokens earmarked for community rewards.
Incentiv Unveils Next-Generation Blockchain with Contribution-Based Rewards
Incentiv, a cutting-edge Layer 1 blockchain, is making waves in the crypto space with its innovative approach to on-chain contributions and rewards. The public testnet, launched earlier this year, has seen impressive traction, with over 1.2 million unique wallets created [1].
At the heart of Incentiv's design is the Incentiv+ engine, a unified reward system that redistributes rewards to network contributors. This contribution-scored Proof of Work (PoW) system rewards participants based on real, verifiable on-chain activity, rather than capital investment or fixed block rewards [2].
Key features of this model include a fixed total supply of 100 billion $CENT tokens, with no inflation or burning. Instead, the system recycles transaction fees to fund contributor rewards, creating a predictable and sustainable token economy [3]. An initial Community Rewards pool, containing 26% of the total $CENT supply, has been seeded to incentivize early network activity [4].
Incentiv's feature set is grounded in Advanced Account Abstraction, enabling flexible gas payments by allowing fees in any supported token. This feature, along with the Open SDK, a developer-friendly toolkit for integrating frictionless dApp sign-in, ensures a smooth connection between users and the Incentiv network [5].
The Incentiv platform is designed to be inclusive and frictionless, catering to developers, users, and ecosystem builders. It features a Native DEX for on-chain token swaps, used for converting fees or providing liquidity within the protocol. Bundled Transactions allow users to group multiple actions into a single signed transaction, simplifying complex workflows [6].
Passwordless, device-integrated wallets, known as Passkey Wallets, enhance security, user experience, and simplify self-custody. Over 1.7 billion testnet $TCENT tokens have been claimed through open faucet distributions [7].
Incentiv aims to create a permissionless, sustainable, and transparent ecosystem where every meaningful network action contributes to and is rewarded by the system’s unified pool, underpinning long-term network growth and security [8].
As Incentiv transitions from a subsidy-driven phase into a self-sustaining system funded entirely by transaction fees and real economic throughput, it promises to deliver a robust, self-sustaining economic model [9].
References: [1] Incentiv Blog: Introducing Incentiv's Public Testnet (https://medium.com/incentivlabs/introducing-incentivs-public-testnet-7f327e8015e) [2] Incentiv Whitepaper: Economic Model (https://incentiv.io/whitepaper) [3] Incentiv Blog: The Incentiv Token Economy (https://medium.com/incentivlabs/the-incentiv-token-economy-b497881f681) [4] Incentiv Whitepaper: Economic Model (https://incentiv.io/whitepaper) [5] Incentiv Blog: Introducing Open SDK (https://medium.com/incentivlabs/introducing-opensdk-2234f4a0099) [6] Incentiv Whitepaper: Features (https://incentiv.io/whitepaper) [7] Incentiv Blog: Testnet Faucet Now Live (https://medium.com/incentivlabs/testnet-faucet-now-live-e28a8240a03) [8] Incentiv Whitepaper: Economic Model (https://incentiv.io/whitepaper) [9] Incentiv Whitepaper: Economic Model (https://incentiv.io/whitepaper)
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