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Home»Business»Crypto
Crypto

Launching Genesis Campaign Dashboard for Warden Protocol’s Modular L1 Foundational Infrastructure for Frontier Applications

June 5, 2024No Comments3 Mins Read
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Warden Protocol recently announced the launch of their Genesis Campaign Phase 2 following the release of their Buenavista incentivized testnet. This new phase aims to scale the Warden Protocol community through onchain and offchain activities, with a focus on rewarding active community members with WARP tokens based on their contributions. Warden Protocol is a modular L1 blockchain designed for developers to deploy omnichain AI-driven applications, powered by Proof of Intent and modular cryptography. This enables developers to create decentralized applications accessible to users on multiple networks simultaneously.

The Genesis Campaign Leaderboard is a gamified onboarding experience that allows users to participate in Warden Protocol’s ecosystem by completing both offchain and onchain quests. Offchain quests involve creating a user profile and interacting with the Warden Protocol community on social platforms, while onchain quests include interacting with the Buenavista Testnet and SpaceWard, the intent-centric OmniApp. Points earned through quests contribute towards the accumulation of WARP tokens, which serve as a liquid representation of the Genesis Campaign Airdrop Points.

The WARP token is the first alt token of the Warden Protocol ecosystem and is tradable on platforms like Uniswap and MEXC. Holding WARP makes users eligible for future WARD airdrops and can be used as a utility token for YieldWard, the second OmniApp on Warden Protocol. Additionally, WARP supply has been reduced through burning to create scarcity. WARD is the native utility token of Warden Protocol, facilitating various operations within the ecosystem such as governance, staking, protocol fees, and payments. The distribution of WARD tokens will follow a fair launch mechanism to ensure wide and equitable distribution.

Incentive programs for WARD tokens include ecosystem and community incentives, developer incentives, and R&D programs to support the growth and development of the Warden Protocol ecosystem. The Phase 2 of the Incentivized Testnet will commence on June 3, 2024, and will run until the Mainnet is announced. Participants can join the leaderboard page and complete the quests listed there after the onboarding phase to earn WARP tokens based on their onchain and offchain activities. To participate in the incentivized testnet, users are required to complete onboarding quests, daily offchain, and onchain quests as outlined in the guidelines provided by Warden Protocol.

Overall, Warden Protocol aims to build a strong and engaged community by incentivizing active participation through gamified experiences, such as the Genesis Campaign Leaderboard. The project’s focus on modular infrastructure, chain abstraction, interoperability, and secure applications sets the foundation for developers to create AI-driven decentralized applications accessible across multiple networks. The use of WARP and WARD tokens within the ecosystem further enhances the value proposition for users and developers, with a fair launch mechanism ensuring a broad distribution of tokens to stakeholders.

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