Running with the Bulls on Polymesh ITN is live!

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Due to overwhelming demand, we’ve been experiencing delays in onboarding that may be longer than expected. If you’re in the backlog, sit tight! We’re working with our identity verification provider as hard as possible to onboard everyone.

The Polymesh Incentivized Testnet (ITN) marks the next step in the march towards Polymesh mainnet launch. From Polkadot to Cosmos, ITNs are a proven way to hit two birds with one stone, driving community engagement and participation while stress testing on-chain functionality. 

Running with the Bulls on Polymesh ITN gives participants a unique opportunity to get rewarded for helping us complete testing on key features and functionality. In the coming weeks and months, users and node operators can complete challenges and earn points to climb the leaderboard with the potential to be rewarded in POLYX when the ITN is complete. 

Learn more about how Running with the Bulls on Polymesh ITN works.

Current Challenges

Challenge Drop #7

Challenge #7 explores executing corporate actions and managing dividend distribution. There are three ways users can earn points from this challenge: 

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To earn the full points for this challenge, users will need to participate in dividend distribution with other users. Find other users by visiting the Polymesh Community. New to ITN? Now’s the perfect time to get started and earn points from this latest challenge.

All challenge tasks need to be completed during the challenge window, so if you’ve already created a corporate action or distributed or accepted a dividend, you’ll need to complete these actions again to earn points. Hurry to complete the challenge before it closes on August 10 at 12 PM ET!

Starter Challenge

Running with the Bulls kicked off with the Starter Challenge, the only challenge available for the entirety of the ITN. New challenges will be dropping frequently but, unlike the Starter Challenge, future challenges will only be open for a limited time. The sooner you get started, the better!

Table of the Polymesh Incentivized Testnet starter challenges, the points each challenge is worth, and a description of each challenge

Past Challenges

Challenge Drop #6 – closed as of July 27, 2021 at 12 PM ET

The sixth limited-edition challenge explored Polymesh Staking functionality for editing your stake. There were three ways users can earn points with staking for this challenge: 

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As with previous limited edition challenges, while these actions can still be completed, users will no longer earn points for them. 

Challenge Drop #5 – closed as of July 12, 2021 at 12 PM ET

Challenge #5 explored using portfolios to manage your assets. Users could earn points by creating a portfolio, adding assets to a portfolio, designating a portfolio manager and finally, transferring an asset from their portfolio to another user.

As with previous limited edition challenges, while these actions can still be completed, users will no longer earn points for them.

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Challenge Drop #4 - closed as of June 28, 2021 at 12 PM ET

Our fourth limited-edition challenge explored offering assets to investors via a security token offering (STO). Users could earn points by configuring advanced token rules, then creating an STO and finding investors. For users who had created compliance rules for their token, these investors needed to meet the token’s compliance rules through attestations. 

As with previous limited-edition challenges, while these actions can still be completed, users will no longer earn points for them.

Table of the Polymesh Incentivized Testnet Challenge Drop #4 challenges, the points each challenge is worth, and a description of each challenge

Challenge Drop #3 - closed as of June 15, 2021 at 12 PM ET

Challenge #3 explored asset distribution and transfers. This challenge went a step further from configuring a compliant security token and involved creating an asset by transferring a token. To complete this challenge, users needed to use tokens to distribute assets by sending transfers to other users, as well as accepting transfers. 

As with previous limited-edition challenges, these actions can still be completed but users will no longer earn points for them. 

Table of the Polymesh Incentivized Testnet Challenge Drop #3 challenges, the points each challenge is worth, and a description of each challenge

Challenge Drop #2 - closed as of May 31, 2021 at 12 PM ET

Our second limited-edition challenge explored the two features that can enable a compliant token* and prepare your asset for distribution: compliance rules and attestations. These features work together, with compliance rules setting the stipulations for a user to hold your token, and attestations as the vehicle to verify a user meets them. As with the first challenge, while these actions can still be completed, users will no longer earn points for completing them. 

Table of the Polymesh Incentivized Testnet Challenge Drop #2 challenges, the points each challenge is worth, and a description of each challenge

*Compliance varies by jurisdiction. When creating a security token, consult with your legal advisors to determine how to meet regulations for your jurisdiction. 

Challenge Drop #1 - closed as of May 18, 2021 at 12 PM ET

Our first limited edition challenge was designed to set you on the journey to create and issue a security token. This challenge contained activities that are prerequisites for future challenges. While these actions can be completed at any time, users will no longer earn points for completing them. 

Table of the Polymesh Incentivized Testnet Challenge Drop #1 challenges, the points each challenge is worth, and a description of each challenge

We’ll keep this post updated with the status of all new and closed challenges, or you can see which challenges are currently open on the Running with the Bulls Leaderboard on the Polymesh Dashboard. Stay tuned for the next limited edition challenge.

Follow these easy steps to start earning points in Running with the Bulls on Polymesh ITN.  

 

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