House of Incentives — Chapter 1
TL;DR
This announcement article comprises three major reveals:
The Incentivies,
The Hands,
The MBADGEs.
Intro
We are proud to announce that we successfully brought the genesis block of the private testnet to life last Sunday, marking a significant milestone in our roadmap. Mercle Network, at its core, will become a pool of reputation fragments from the users of Web3 and, in the future, the whole internet.
“We aim to establish a layer that runs parallel to the whole internet, beginning with Web 3. Unlike typical layers, the Mercle Network communicates and stores proofs of user activity. More like a pool of attributes that can be indexed by anyone to discover the best match for presenting an opportunity to them. Currently, we are witnessing early adoption of programs that promote transparency and sharing within their communities. These projects offer community incentives, such as airdrops and presents. Future applications, such as new user interfaces, improved governance, bounty programs, and more, anticipate the use of Mercle.” ~ Nischit (CTO — Mercle).
It’s clear to us that the core of the Mercle Network lies in the hands of our community. The network revolves around you and depends on you, and we feel obliged to lead the journey of making unique possibilities accessible and available for all deserving users. Hence, we found this is the best time to reveal what we have for our community.
The Allocation
The Mercle Network concludes its current roadmap with maximum layer decentralization. To support its decentralization theory, the network will use it's network incentivies.
"We want the network incentivies to be the community’s first reward, and therefore we are proud to announce that we have decided to allocate between 70% of the total supply of it to the community, out of which initial incentives will also be given out." — Pash, (Founder Mercle).
The Hands
The NFT collection consists of 3 tiers — Silver, Gold, and Diamond.
It will be deployed on the Base mainnet and will be available for free mint. Yes, these NFTs will be tradable, and the distribution of NFTs will happen in May 2024. After the snapshot is taken, the users will be grouped into clusters and awarded these NFTs. We will soon announce the breakdown of these clusters.
The MBADGEs
We recently launched MBADGEs. These MBADGEs are the first step towards our incentivized testnet journey. They are acting as data storage vaults for users’s attestations. These attestations are the building blocks for his reputational journey. You can read more about MBADGEs here: MBADGEs: Now, Future And FAQs.
With more than 28 ecosystems being tracked, a user has a pretty big base to build their reputation on via the Mercle Network. All the MBADGEs can be viewed here: app.mercle.xyz/mbadges, along with your total MBADGEs and the De-Fi XP inside them. The future of MBADGEs is retroactive and dynamic. You’ll be able to claim attestation and build your reputation based on your previous karma as well as dynamic point allocation. This means that the more volume, the more XPs you will earn.
Words From The Intern
"This is not the end. More chapters and episodes coming soon. Until then Happy Collecting and join our discord server for chatting with the earliest members of the Mercle family." ~ Mercle Intern.
Frequently Asked Question
What are MBADGEs
Refer to this Medium Article
Is this Mercle’s Incentivised Testnet?
House of Incentives is a part of Mercle’s pre-incentivized testnet. The participants of this campaign will also be receiving the network incentives as community rewards.
When Mercle Testnet, ser?
We are currently in the pre-testnet phase. Although we have already initiated the chain, it is still under further development. The public testnet is expected to be available around Q3 of 2024.
How do I get my PoC (proof of contribution)?
You can mint MBADGEs and then collect PoC attestations inside them. For minting the NFT you can goto a campaign of your choice and click on Mint NFT, post this you will be able to click on verify to get your PoC.
Do I need to mint all the MBADGEs?
The more, the better.
Is this an official partnership between Mercle and the respective protocol?
No. There is no official partnership. If you are looking from the perspective of farming, we suggest not doing it.