5ire is one of the world’s fastest-growing unicorns with a mission to make blockchains sustainable and accessible for over one billion people by 2030. On November 30, 2023, they launched Testnet: Thunder (Alpha) and saw a promising response. Building on this feedback, they are all set for the launch of Testnet Thunder (Beta) on February 13, 2023.
With 5ireChain opening its testing playgrounds to the general public, the team’s primary focus will be building on its 2023 roadmap, which includes dApp adoption, ecosystem growth, and community engagement. The Mainnet launch in Q3 will be the key goal.
About the testnet
The end goal of 5ire Testnet Beta is collecting user feedback to further enhance the 5ireChain Ecosystem. At a high level, some core features of 5ire Testnet include the possibility of multiple transaction pools to support parallel chains, a sustainability score based on the ESG index, randomized voting to prevent cartelization, and a reliability score that ensures credibility.
5ireChain’s unique consensus mechanism also sets it apart from other blockchains. The Proof-of-5ire (Po5) algorithm considers five factors during node selection– stake, randomized voting, sustainability score, reliability score, previous nomination, and waiting time.
The #BuildToEarn Campaign
5ire is on a mission to revolutionize how developers create decentralized applications (dApps). Their #BuildToEarn campaign is designed to support and empower top-performing and early-stage developers during the dApp development stage. There will be rewards for the first set of dApps to accelerate defi-adoption and perks for dApps focusing on sustainability and impact. Early builders will enjoy no or reduced gas fees, and receive 40% of block rewards.
As a part of their incubation support, 5ire will also run a referral program and grants scheme based on the diversity of the existing 5ire community. The team will evaluate each dApp to ensure it meets their standards, and their dedicated support team will provide documentation and guidance. Developers will also have access to 5ireChain’s toolkit, SDKs, APIs, and resources to help them bring their vision to life.
Participants will have the opportunity to showcase their dApp ideas and earn rewards by successfully building and deploying them on 5ireChain. There will be special rewards for EVM dApps that port over to deploy on 5ireChain.
“The Testnet is the first glimpse of the 5ire’s potential to the world. As the CPO, I’m eagerly waiting to see people build on 5ire. Over the next few weeks, my single focus would be to collect and act on as much user feedback as possible, and test the limits of the 5ireChain Network.” said Prateek Dwivedi, Cofounder and CPO of 5ire.
“We are thrilled to launch the #BuildToEarn Campaign and bring together a community of ambitious individuals who share our passion for sustainable innovation,” said Pratik Gauri, Cofounder & CEO of 5ire. “This is a great opportunity for developers to showcase their skills and make a real impact, while also earning rewards for their efforts.”
Utkarsh Amitabh, CMO of 5ire built on this point and mentioned that “#BuildToEarn aligns with our community-building and educational efforts. Our vision is to make building on 5ire as inclusive and accessible as possible by creating a strong learning ecosystem that supports our developers and testnet”
To conclude, Lukasz Orlowski, CTO of 5ire said “It is very promising to see developers from all across the globe show their interest in 5ire. As the CTO, I’m personally committed to providing a delightful and intuitive experience to all developers building on 5ireChain. We hope to scale this with the public testnet launch”.
The #BuildToEarn Campaign runs for a limited time, with rewards being offered on a first-come basis. For more information and to participate, please visit the 5ire website.
Click Here to Participate -> Build on 5ire
About 5ire
5ire is a blockchain company whose mission is to make blockchain sustainable and accessible for over one billion people by 2030. The company aims to address the problem of low blockchain adoption due to sustainability and accessibility challenges. 5ire is a layer 1 blockchain ecosystem designed with economic and environmental sustainability at its core.
Crunchbase | Twitter | Linkedin | Instagram | Discord | Medium