Running with the Bulls Challenges on Polymesh ITN

5 MIN READ
SHARE  

Running with the Bulls on Polymesh ITN is now closed. Learn more.

The Polymesh Incentivized Testnet (ITN) marked 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 gave participants a unique opportunity to get rewarded for helping us complete testing on key features and functionality. Over the last few months, users and node operators completed challenges and earned points to climb the leaderboard with the potential to be rewarded in POLYX once the ITN finished.

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

Running with the Bulls Challenges

Starter Challenge – closed on September 15 at 12 PM ET

Running with the Bulls kicked off with the Starter Challenge, the only challenge available for the entirety of the ITN until it closed on September 15 at 12 PM ET. New challenges dropped frequently but, unlike the Starter Challenge, other challenges were only open for a limited time. 

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

 

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. 

Table of the Polymesh Incentivized Testnet Challenge Drop #1 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. 

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 #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. 

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

 

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. 

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

 

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.

Screen Shot 2021-07-12 at 11.11.09 AM

 

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: 

Screen Shot 2021-07-14 at 1.18.36 PM

 

Challenge Drop #7 – closed as of August 10, 2021 at 12 PM ET

Challenge #7 explored executing corporate actions and managing dividend distribution in conjunction with other users. There were three ways users could earn points from this challenge: 

Screen Shot 2021-07-28 at 12.01.31 PM

 

Challenge Drop #8 – closed as of August 24, 2021 at 12 PM ET

Challenge #8 explored participating in Polymesh’s on-chain governance process. 

Polymesh relies on a Governing Council composed of key stakeholders to review Polymesh Improvement Proposals (PIP) submitted by committees or token-holders, find consensus, and chart a path forward for its future development. In this challenge, users could earn points for participating in Polymesh governance by creating and voting on a PIP.

Screen Shot 2021-08-10 at 12.44.06 PM


Final Challenge  – closed on September 15 at 12 PM ET

For the final Polymesh ITN Challenge, we did something a bit different. To properly test our latest CDD provider Netki for onboarding, all ITN users had the opportunity to earn even more points by creating another identity. Users who onboarded through Netki could earn points for the Starter Challenge again. 

Note that these points were collected under a different account and so will not count toward your original ITN points earnings and ranking. But not to worry, all points earned will be eligible for rewards when mainnet launches. 

Screen Shot 2021-09-01 at 2.40.14 PM

 

Related Posts

GUIDE

Security Token Custody: The Challenges and Opportunities

Security tokens come with a unique set of requirements. While they’re intended to bring efficiency and automation to capital markets, digital asset custodians often face scalability and efficiency issues when handling them on public blockchains.

This guide dives deep into the challenges surrounding security token custody and how a purpose-built blockchain can overcome them.

Security-Token-Custody-Guide-