Hundrx Launches an Incentivized Testnet: Invites Users to A New Web3 Social Media Experience
Hundrx, a pioneering technology platform that enhances Twitter's functionality, has announced the launch of its incentivized testnet. The initiative invites active participation from users for an opportunity to earn rewards in the form of tokens.
Participants who join the Hundrx Testnet campaign can generate testnet tokens through minting and trading social tokens on Twitter, which can later be matched to mainnet tokens at an attractive 1:1 ratio.
Users interested in engaging with the Hundrx testnet need to meet a number of prerequisites. These include adding the Hundrx extension to a compatible browser—Google Chrome, Brave, or Opera—, connecting their Metamask, claiming testnet DRX tokens, and actively minting, trading, and burning Social Tokens on Twitter. In addition, participants must post auto-generated Tweets confirming their actions with social tokens, and should engage in the #Tweet2Mine campaign using the ChatGPT reply function. Subscribing to Hundrx’s official Twitter account is also a necessity. For a detailed guide please refer to the project's dedicated Medium article.
Through this incentivization, Hundrx aims to reach a total of 100,000 users and distribute 10 million DRX from the Hundrx Growth-Hack Community Fund. This reward system equates to a substantial 0.35% of the total DRX supply, adding to the 1% already earmarked for distribution through the #Tweet2Mine initiative.
The company reserves the right to cancel reward withdrawals if participants engage in any practices that might undermine the testing phase.
Among the primary objectives of the testnet is to conduct rigorous stress-tests on the system's on-chain functionality, focusing on token minting and trading processes. Hundrx also invites users to provide valuable feedback, a crucial input to identify bugs, inefficiencies, and potential areas for improvement. A key element of this feedback is reaching a consensus on the social token minting ratio.
Hundrx’s mission is to enhance Twitter by integrating blockchain technology and payment infrastructure, paving the way for a more efficient, user-friendly, and secure web3 social media experience on Twitter. The platform allows any Twitter account, be it a meme account or a celebrity's, to be tokenized and instantly monetized. Hundrx is integrating a wallet directly into Twitter. This simplifies the management of digital assets for users and helps eliminate the bot problem by ensuring that only real users can mint social tokens.
One of the platform’s standout features is GPT Tweet Replies. This tool utilizes advanced AI technology to generate personalized and engaging tweets. The AI analyzes a user’s Twitter profile and generates replies that reflect the user's unique voice and style.