# "Creditcoin Launches Incentivized Testnet for Trust-Based Credit Transactions and Capital Financing" **URL:** \ **Category:** Suggestion\ **Created:** [July 11, 2023, 4:08am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505 "2023-07-11T04:08:42Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 11, 2023, 4:08am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/1 "2023-07-11T04:08:42Z")
Creditcoin is an L1 blockchain that focuses on matching and recording credit transactions while promoting trust ![28sfda](https://canada1.discourse-cdn.com/flex031/uploads/creditcoin/original/1X/542235bfd937056bb7591d99c5621dbbf2e5d846.jpeg) And securing capital financing. Recently, Creditcoin announced the launch of its incentivized public testnet, inviting users to participate as validators or nominators in the network upgrade. Joining the testnet allows users to earn up to 400,000 mainnet CTC tokens, worth over $80,000. The upgrade involves transitioning from Proof-of-Work to Nominated-Proof-of-Stake (NPoS) consensus mechanism. The testnet phase aims to stress-test the network and address any potential issues before the full mainnet launch. In the Creditcoin 2.0+ testnet, users can stake tokens as validators or nominators, with each role offering its own set of rewards. Becoming a validator requires technical expertise, while nominators can participate without advanced technical knowledge. To start earning, users can join the forum, set up their wallet on Chrome, and request free testnet tokens. Validator technical documentation is available for those interested in running their own node on Creditcoin 2.0+'s testnet. Nominated-Proof-of-Stake ([#NPoS](https://twitter.com/hashtag/NPoS?src=hashtag_click)) improves decentralization, with two types of staking: NpoS - [https://gluwa.gitbook.io/creditcoin-pos-testnet-documentation/staking](https://gluwa.gitbook.io/creditcoin-pos-testnet-documentation/staking) If you’d like to become a validator and run your own node on Creditcoin 2.0+'s testnet, please start by reading our validator technical documentation [https://gluwa.gitbook.io/creditcoin-pos-testnet-documentation/validator-guides](https://gluwa.gitbook.io/creditcoin-pos-testnet-documentation/validator-guides) Nominator Guide If you’d like to become a Testnet nominator and earn passive [$CTC](https://twitter.com/search?q=%24CTC&src=cashtag_click) rewards once the mainnet goes live, read our documentation: [https://bit.ly/434bczh](https://t.co/QSGNqdYCLD) Or even better, check out our step-by-step nominator guide : > **[The AI workspace that works for you. | Notion](https://gluwa.notion.site/Testnet-Guide-Creditcoin-2-0-1b43c809dd2b45b18ebad2efe0ccc77d)** > > A tool that connects everyday work into one space. It gives you and your teams AI tools—search, writing, note-taking—inside an all-in-one, flexible workspace. Regards Rendyyy ---
**Author:** ![mchrafff](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/mchrafff/32/778_2.png) [@mchrafff](https://community.creditcoin.org/u/mchrafff)\ **Post date:** [July 12, 2023, 1:05pm UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/2 "2023-07-12T13:05:24Z")
Thanks for the information sir ---
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 13, 2023, 2:35pm UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/3 "2023-07-13T14:35:45Z")
Your welcome sirr 🕶… ---
**Author:** ![Hamsia](https://avatars.discourse-cdn.com/v4/letter/h/a88e57/32.png) [@Hamsia](https://community.creditcoin.org/u/Hamsia)\ **Post date:** [July 14, 2023, 1:55am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/4 "2023-07-14T01:55:27Z")
Ok it’s good to share it ---
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 14, 2023, 5:31am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/5 "2023-07-14T05:31:08Z")
Thanks mate. I hope you enjoyed 🔥🔥 ---
**Author:** ![Maemun](https://avatars.discourse-cdn.com/v4/letter/m/5f9b8f/32.png) [@Maemun](https://community.creditcoin.org/u/Maemun)\ **Post date:** [July 14, 2023, 7:24am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/6 "2023-07-14T07:24:43Z")
Thanks sir, good information ---
**Author:** ![MrShadowXnode](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/mrshadowxnode/32/427_2.png) [@MrShadowXnode](https://community.creditcoin.org/u/MrShadowXnode)\ **Post date:** [July 14, 2023, 11:26am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/7 "2023-07-14T11:26:06Z")
Thanks for information bro, the Best L1 Credit coin to the moon ---
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 15, 2023, 2:34am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/8 "2023-07-15T02:34:55Z")
Your welcome Mate ✨ Keep support our team 🚀 ---
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 15, 2023, 2:35am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/9 "2023-07-15T02:35:19Z")
Yeahh. I hope so buddy. LFG 🚀🚀🚀🚀🚀 ---
**Author:** ![sunsign](https://avatars.discourse-cdn.com/v4/letter/s/59ef9b/32.png) [@sunsign](https://community.creditcoin.org/u/sunsign)\ **Post date:** [July 15, 2023, 2:40am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/10 "2023-07-15T02:40:29Z")
Thanks for information ---
**Author:** ![keenmacho](https://avatars.discourse-cdn.com/v4/letter/k/a698b9/32.png) [@keenmacho](https://community.creditcoin.org/u/keenmacho)\ **Post date:** [July 15, 2023, 8:34pm UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/11 "2023-07-15T20:34:19Z")
Nice piece. Information well laid out. ---
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 16, 2023, 4:13pm UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/12 "2023-07-16T16:13:57Z")
Your welcome buddy. Keep in touch🙌 ---
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 16, 2023, 4:14pm UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/13 "2023-07-16T16:14:21Z")
Your welcome buddy. Keep in touch 🙌 ---
**Author:** ![jenn22](https://avatars.discourse-cdn.com/v4/letter/j/f17d59/32.png) [@jenn22](https://community.creditcoin.org/u/jenn22)\ **Post date:** [July 17, 2023, 3:44pm UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/14 "2023-07-17T15:44:02Z")
Nice to have shared this for better understanding ---
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 18, 2023, 4:13am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/15 "2023-07-18T04:13:36Z")
Thank you @jenn22 Hopefully this article helps members ---
**Author:** ![ndukwupaschal](https://avatars.discourse-cdn.com/v4/letter/n/2bfe46/32.png) [@ndukwupaschal](https://community.creditcoin.org/u/ndukwupaschal)\ **Post date:** [July 18, 2023, 9:00am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/16 "2023-07-18T09:00:15Z")
I love this.Let us see what will come out of it. ---
**Author:** ![Siapa](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/siapa/32/563_2.png) [@Siapa](https://community.creditcoin.org/u/Siapa)\ **Post date:** [July 21, 2023, 3:12am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/17 "2023-07-21T03:12:35Z")
Good infomation rendy ---
**Author:** ![Rendyyy](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/rendyyy/32/460_2.png) [@Rendyyy](https://community.creditcoin.org/u/Rendyyy)\ **Post date:** [July 21, 2023, 8:47am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/18 "2023-07-21T08:47:12Z")
Thank you @Siapa you are the best 🔥 ---
**Author:** ![dread](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/dread/32/928_2.png) [@dread](https://community.creditcoin.org/u/dread)\ **Post date:** [July 21, 2023, 2:29pm UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/19 "2023-07-21T14:29:30Z")
tanx i n advanc3e u are the best xoxo ---
**Author:** ![0xmazdoor](https://avatars.discourse-cdn.com/v4/letter/0/9fc348/32.png) [@0xmazdoor](https://community.creditcoin.org/u/0xmazdoor)\ **Post date:** [August 11, 2023, 8:32am UTC](https://community.creditcoin.org/t/creditcoin-launches-incentivized-testnet-for-trust-based-credit-transactions-and-capital-financing/6505/20 "2023-08-11T08:32:07Z")
How do I participate?