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  • Purpose
  • Rules
  • Rewards
  1. Magnet

Incentivized Testnet Phase I

Purpose

MagnetAI Testnet Phase I (referred to as: T1) is the first testnet for MagnetAI, operating on an invite-only whitelist basis. The main focus of this phase includes testing:

  1. [Model Store] MagnetAI LLM Infrastructure

  2. [Model Store] Knowledge-base Embedding System

  3. [Model Economy] Tokenize Contract

  4. [Model Economy] Token Mint Contract

  5. [Model Economy] Chat2Earn Contract

T1 participants will be able to receive our newly introduced Magnet Points and gain eligibility for future $MAG token airdrops. Additionally, we will cover all transaction fees (excluding platform fees) for all T1 users when interacting with our platform. Read more about our testnet rewards below.

Rules

1. Overall

T1 will be open for everyone to browse, but only whitelisted users will have permission to create and interact with agents. All transactions will be recorded on Base Mainnet.

We’ll monitor and track user activity, with feedback on bugs and product issues being communicated directly to the MagnetAI engineering and product teams via Discord.

T1 will kick off on Aug 23rd 12am UTC time and run for 4 weeks. During this period, we’ll gradually expand the test pool with the goal of involving around 200 participants.

2. Whitelist

All users who sign up for early access will receive an invitation to apply for T1. Just fill out a short form, and we’ll select 25 participants from the submissions.

These members will be invited to test the features listed below. Each week, we will double the number of the whitelisted users, aiming to have 200 T1 users by week 4.

3. T1 Features

Rewards

T1 will distribute multiple cash prizes and Magnet Points redeemable for future $MAG token airdrops.

T1 will come with some amazing rewards for early users who are eager to explore our innovative platform and all its beautiful features. Get ready for a journey packed with user incentives:

  • Collect your first Magnet Points for future reward distributions

  • Receive Cash Back on all tx fees(excluding platform fees) for risk free testing

  • Win amazing cash prizes during our 4-week testnet.

  • Automatic eligibility for Phase II of our testnet roadmap

  • Special Discord Role and designated Channel for test users

Magnet Points are a new concept introduced with the launch of our testnet and will help us to understand and measure user contribution to the MagnetAI Ecosystem. Also, Magnet Points will define the proportion of future reward distribution and can be acquired via different activities. All activities for T1 are listed below.

Each week, we will publish the previous week’s Magnet Points board and calculate the specific USD rewards based on the following tables:

1. Product Magnet Points

2. Social Magnet Points

Last updated 8 months ago