Bittime – In this article, Yunepto, a crypto analyst, will discuss testnet, airdrop, and Mande Network token technology. Mande Network ($MAND) uses Dymension technology and also with the roll-up of Dymension, aims to build an open on-chain reputation layer for Web3. The focus is on people, such as KYC, credit scores, activity and reputation.
What is Mande Network (MANDE)?
Mande Network ($MAND) has the tagline "Credibility Hub for Web3" and uses Proof of Credibility SDK technology. This is a tool or software that can be used by many people to track user transaction records, such as whether our wallet frequently makes transactions and whether it is a Sybil wallet or not.
Also read Sybil Attack: How Sybil Attacks Manipulate Crypto Transactions
Mande Network Features and Technology
This system also implements peer-to-peer voting with quadratic voting to determine a person's trust score. Apart from that, there are on-chain credentials with zk-proof, such as on the Polkadot network, and also DAO and SBT (Soulbound Token) as indicators of whether our wallet is a Sybil or not.
Also read What is On-Chain and Examples of Its Application
Many of the Mande Network Team Members are from India
The technologies offered include decentralized identity, zk-credential, and soulbound token, which ensures that the system is sybil-proof. Of his team, many members are from India, so this can be considered an Indian project.
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Why is Yunepto discussing Mande Network?
First, it's still in the testnet stage so it's free. Second, it is clear that there is an airdrop. Third, for Bittimers who stake Dimension tokens with validators, there is an opportunity to get MAND tokens (ticker: $MAND). They have announced on Twitter that there is a reward allocation in the form of MAND tokens for the top 1000 to 370,000 stackers, with a total allocation of 7% to 51% depending on ranking.
MANDE Network Staking Rewards? Unfortunately it's over
The snapshot for eligibility was taken on April 30, so currently you can no longer stake Dimension to get Mand tokens. However, Bittimers can still get rewards from the testnet. Mande Network (MAND) will use MANDE tokens as utility tokens for governance, network gas fees, and reputation staking.
Also read: What is a Testnet?
There is a Mande Network Halving Every 2 Years
Tokenomics Mande Network (MAND) shows that the total initial supply is 20 million tokens, with a 50% split for strategic reserve and 50% for community drop. Token supply will follow an inflationary schedule with halving every two years until it reaches a maximum supply of 200 million tokens in 20 years.
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Reward Testnet Mande Network
For testnet, Bittimers can pursue rankings to get MAND token rewards with the following steps:
1. Open the app.mande.network website and connect Bittimers wallet.
2. Connect Twitter and wallet to get 30 Mand testnet.
3. Stake MAND token in credibility staking.
Also read Staking vs Lending, Which is the Most Profitable?
Suggestions for a Successful Testnet to Get Rewards by Yunepto:
- Staking can be done to your own wallet or to a friend's wallet, and the leaderboard will give rewards to the top 5000 addresses that use the testnet. So, the more Bittimers stake, the higher the Bittimers score.
- After staking, screenshot the credibility staking display and follow the quest on Zeli to get more XP and Mand token rewards. Make sure to use Twitter and an active wallet to increase Bittimers' credibility score.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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