Filecoin, a blockchain-based decentralized storage project, is officially launching its testnet- Space Race to test out the network before the mainnet launch.
As promised, Filecoin will start its testnet launching competition. It encourages global miners for the next three weeks to be competing for up to four million Filecoin in prizes to onboard as much storage space to the network as possible, says the report. The contest begins on August 24 at 10 pm UTC.
The top 100 miners globally, and the top 50 miners from each continent, will use the earned Filecoin rewards to jump-start their mainnet mining efforts based on how much storage they and the network achieve during the competition. People can also track their progress on the testnet main website.
In addition to the onboarding storage capacity competition, the 20 largest block reward winners will split a prize of an additional 100,000 FIL proportionally based on how much block reward they win. More than 240 miners from six continents are preparing to participate in the competition in the past month, says Filecoin.
Molly Mackinlay, IPFS Project Lead, said, “Filecoin would be nothing without its robust and passionate community.”
Filecoin's project raised $257 million during its 2017 initial coin offering and it’s been developing ever since.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 74.4% | 43 | $70 887.21 | 1.24% | 6.21% | $1 394 109 546 043 | ||
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2 | ETH | Ethereum predictions | 73.6% | 48 | $3 581.98 | 0.18% | 1.77% | $430 095 409 886 | ||
3 | USDT | Tether predictions | 92.8% | 1 | $0.999440 | -0.05% | -0.08% | $104 395 696 875 | ||
4 | BNB | Binance Coin predictions | 64.8% | 79 | $585.91 | 1.91% | 4.40% | $87 615 290 851 | ||
5 | SOL | Solana predictions | 59.6% | 89 | $185.65 | -0.23% | -1.09% | $82 481 773 005 | ||
6 | XRP | XRP predictions | 82% | 31 | $0.620836 | 0.23% | 0.04% | $34 074 125 944 | ||
7 | USDC | USD Coin predictions | 90.8% | 2 | $1.000052 | 0.01% | -0.02% | $32 204 735 731 | ||
8 | DOGE | Dogecoin predictions | 66% | 68 | $0.216785 | 17.43% | 41.96% | $31 141 765 281 | ||
9 | ADA | Cardano predictions | 68.8% | 67 | $0.650045 | -0.09% | 2.98% | $23 129 180 763 | ||
10 | AVAX | Avalanche predictions | 57.2% | 88 | $54.27 | 0.23% | -0.15% | $20 483 189 211 | ||
11 | SHIB | SHIBA INU predictions | 53.6% | 94 | $0.000032 | 5.93% | 18.84% | $18 866 284 029 | ||
12 | TON | Toncoin predictions | 59.6% | 88 | $5.04 | 2.55% | 20.70% | $17 492 542 177 | ||
13 | DOT | Polkadot predictions | 75.2% | 52 | $9.52 | -0.45% | 2.34% | $13 587 459 574 | ||
14 | LINK | Chainlink predictions | 74.8% | 42 | $19.27 | -1.17% | 4.38% | $11 315 173 293 | ||
15 | BCH | Bitcoin Cash predictions | 70.8% | 60 | $568.92 | 13.87% | 34.34% | $11 197 169 068 |
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