MELBOURNE, Australia,
July 16, 2024 /PRNewswire/ --
Session, the encrypted messaging app, has announced a testnet
incentive program as it gears up to launch a new utility token
called 'Session Token'.
The program will enlist the help of loyal community members to
test the new Session Network — which is transitioning away from the
Oxen blockchain — and eradicate any issues before the Session Token
becomes publicly available.
Now powered by the Arbitrum blockchain, the next-generation
Session Network is a decentralized network designed to support and
amplify Session's messaging platform. As Session adds new features
to its platform over the coming months, it must ensure the
underlying networking infrastructure is highly robust and
secure.
Session hopes that, by working with knowledgeable and passionate
community members, the platform will successfully transition to the
Session Network. By supporting the project in this endeavor,
testnet participants will have a chance to earn Session Tokens
before its public launch. The token will give users access to
premium Session features.
When the Testnet Incentive Program opens on July 16, eligible Session Community members will
be able to stake testnet Session Nodes using the test tokens in the
Staking Portal. Only community members are eligible to take part in
this program during this phase.
Session will reward testnet participants based on their on-chain
activity, prioritizing the most active participants and meaningful
contributions. However, participants with larger stakes won't
necessarily get more points.
Session will distribute tokens to testnet participants at the
Token Generation Event.
Session has published guidance on how to participate in the
new Testnet Incentive Program on its website.
Kee Jefferys, Chief Technology
Officer at Session, said in a statement: "We're thrilled to open up
the testnet to the community and collaborate on advancing a robust
and decentralised messaging platform.
"Leveraging our users' unique knowledge of and passion for all
things blockchain, we believe this programme will be a critical
step in the journey towards the new Session Network. We're excited
to see the community's enthusiasm and engagement and encourage all
eligible members to take part in this unique event."
About Session
Session is an end-to-end encrypted
messenger powered by decentralized storage servers and onion
routing, ensuring minimal exposure of user metadata. The app is
completely open-source and doesn't require users to share their
phone numbers or emails. With over 2,000 nodes offering built-in
onion routing, Session provides a secure and private messaging
experience.
For inquiries, please contact:
Philip Gjorup
Nord Comms
pfg@nordcomms.com
+45 42610802
Logo -
https://mma.prnewswire.com/media/2462391/Session_logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/session-launches-testnet-incentive-program-ahead-of-token-launch-302198174.html