BitCanna
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Validator Setup Guide
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Token Economics
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Testnet
Phase 0: Internal Testnet (Completed)
Phase 1: Invitational Testnet (Completed)
Instructions & Judging criteria
Stage 1 Validator creation and environment
Stage 2 Network security
Stage 3 Transaction Dynamics
Stage 4 Governance & Performing upgrades
Stage 5 IBC Universe
Phase 2: Public Testnet (Completed)
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Stage 5 IBC Universe
Stage 5 will run until 15-07-2021 14:00 UTC

Task #1 Set up your validator and join bitcanna-testnet-5

Points awarded: 50
How to submit?
  1. 1.
    Head to your Task Center dashboard, and click “Submit task”.
  2. 2.
    Select the relevant task.
  3. 3.
    In the “Proof” section, provide the links from the BitCanna explorer that points to your validator. Example: https://testnet-explorer.bitcanna.io/validator/bcnavaloper1xvuxv4znmmeu96ulxhldvyt32whp57vhale5kr​
  4. 4.
    Update your Validator name in your account settings in the Task center, in case your validator name doesn’t match.
Judging criteria:
  • Full points awarded if you manage to set up an active validator
  • No points if validator is inactive or if you failed to set it up
Instructions
For the task instructions please head to the guide on our Github, here.​

Task #2 Create a Microtick wallet and perform IBC transactions between the chains

Points awarded: 250 (150+100)
How to submit?
  1. 1.
    Head to your Task Center dashboard, and click “Submit task”.
  2. 2.
    Select the relevant task.
  3. 3.
    In the “Proof” section, provide your MICROTICK address, and the transaction hashes (up to 4). Please put them all together in 1 task submission. (example: https://testnet-explorer.microtick.zone/account/micro1g5tdc6yhnylz36vgvrv0kkcxty4qwnxup030cv https://testnet-explorer.microtick.zone/transactions/76AE2D90725C11507E53446AD96D40C6B0B11DD1E56A0D8270B240EEEC1106DF)
Judging criteria:
  • 150 points awarded if you perform both IBC transactions by sending BCNA
  • 100 points awarded if you perform both IBC transactions by sending TICKS
  • No points awarded if the coin amount in your IBC transaction does not reach the intended receiver address
Instructions
For the task instructions please head to the guide on our Github, here. Also, make sure to read the task announcement message in the private Discord announcement channel for additional information.

Task #3 Setup your own IBC relayer and perform transactions

Points awarded: 200
How to submit?
  1. 1.
    Head to your Task Center dashboard, and click “Submit task”.
  2. 2.
    Select the relevant task.
  3. 3.
    In the “Proof” section, provide the BCNA and TICK denoms generated by your own IBC relayer, and the channel numbers for each chain. Please put them all together in 1 task submission. (example: BitCanna channel-10 Microtick channel-12 BCNA: ibc/39C6284AE57D570092EBDB61AF0B246890231B62FF4324923922157FBCD354A9 TICK: ibc/8DSA98SJFA987983DJAODSJD98031039K90DSAKDS90AKE019K0E129K90DWS9)
Judging criteria:
  • 100 points awarded if you provide your own custom BCNA IBC denom.
  • 100 points awarded if you provide your own custom TICK IBC denom.
  • No points awarded if you fail to provide the IBC denoms mentioned above, or fail to provide the BitCanna and Microtick channel numbers.
Instructions
For the task instructions please head to the guide on our Github, here. Also, make sure to read the task announcement message in the private Discord announcement channel for additional information.

Task #4 (Challenge) Utilize BCNA in the Microtick testnet as backing token through IBC and accumulate BCNA!

Points awarded (POOL): 500 (5 winners) TICK coins: 10000 (%-based by performance)
Your rewards will be calculated based on your gains on a %-basis over the contest time frame. Everyone will be rewarded TICKS (linear), and the top 5 will be awarded a portion of the 500 points (which can be exchanged for BCNA as usual).
Nr. 1 earns 200 points & 392,16 TICK Nr. 2 earns 150 points & 384,31 TICK Nr. 3 earns 75 points & 376,74 TICK Nr. 4 earns 50 points & 368,63 TICK Nr. 5 earns 25 points & 360,79 TICK Nr. 6 earns 352,94 TICK Nr. 20 earns 243,14 TICK Nr. 40 earns 86,27 TICK etc.
Task timeframe:
Contest period: 14-07-2021 14:00 UTC until 16-07-2021 12:00 UTC Proof submission deadline: 16-07-2021 13:00 UTC.
How to submit?
  1. 1.
    Head to your Task Center dashboard, and click “Submit task”.
  2. 2.
    Select the relevant task.
  3. 3.
    In the “Proof” section, provide your Microtick testnet wallet address, and your Microtick testnet BCNA IBC deposit address; both are available on https://testnet.microtick.zone/ after creating a wallet. Please put them together in one task submission. (example: micro1a3cqakhplsl6lcalyupsjura5n0t6fk7e82ecp bcna1a3cqakhplsl6lcalyupsjura5n0t6fk7308lf8)
Judging criteria:
  • Eligible trades are those that starter after the contest start time, and end prior to the contest timeframe.
  • Winners are those with the most gains on a % basis over the contest time frame.
  • No points or TICKS awarded if you fail to submit the task proof correctly.
Instructions
For the task instructions please head to the guide on our Github, here. Also, make sure to read the task announcement message in the private Discord announcement channel for additional information.
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Phase 2: Public Testnet (Completed)
Last modified 9mo ago
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Contents
Task #1 Set up your validator and join bitcanna-testnet-5
Task #2 Create a Microtick wallet and perform IBC transactions between the chains
Task #3 Setup your own IBC relayer and perform transactions
Task #4 (Challenge) Utilize BCNA in the Microtick testnet as backing token through IBC and accumulate BCNA!