# This Some Update about Creditcoin

**URL:** <https://community.creditcoin.org/t/this-some-update-about-creditcoin/7325>\
**Category:** Building\
**Created:** [July 17, 2023, 1:38pm UTC](https://community.creditcoin.org/t/this-some-update-about-creditcoin/7325 "2023-07-17T13:38:18Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Alientryit](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/alientryit/32/813_2.png) [@Alientryit](https://community.creditcoin.org/u/Alientryit)\
**Post date:** [July 17, 2023, 1:38pm UTC](https://community.creditcoin.org/t/this-some-update-about-creditcoin/7325/1 "2023-07-17T13:38:18Z")

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Here is some update you should now  
Learn more 👉

This tweet will summarise the key changes and updates. Note: YOU MUST head to the announcement for more details on how to apply to Wave 2.

⚠ **Validator**  **Community Notice:** In order to increase transparency and help us monitor Testnet activities, we are requesting that all Validators link their on-chain identity to their Discord IDs. Check the FAQ in the announcement doc for more instructions.

**Updated Rewards**

Having listened to your community feedback surrounding Testnet rewards, we’ve re-assessed the rewards structure to ensure that more of you can join the Testnet and that rewards can be distributed as fairly as possible!

As a sign of our appreciation, we’ve doubled the overall prize pool for both Nominators and Validators, with up to 400k $CTC now up for grabs 🤗

Let’s dive in 👇

**Nominator Rewards**

If you’ve already received your Nominator tokens, then you have successfully applied to ‘Wave 1’. If you made it into Wave 1 then you cannot apply to Wave 2.

👉 Wave 1 Rewards: The first 1,000 active Nominators in Wave 1 will still receive up to 100 mainnet CTC tokens each. To claim your prize, you’ll have to fill out a simple form at the end of the Testnet.

👉 **Wave 2 Rewards** : We will re-open a second wave of applications with Season 2 including various qualifiers. Nominators who apply in Season 2 will share a prize pool of 100,000 CTC, split equally between ALL active Wave 2 participants.

👉 **How to apply to Wave 2:** Head to the linked announcement for more information. _Please remember_ that you can only apply to Wave 2 if you have not already received any Testnet tokens.

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**Author:** ![Arigo](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/arigo/32/467_2.png) [@Arigo](https://community.creditcoin.org/u/Arigo)\
**Post date:** [July 17, 2023, 2:14pm UTC](https://community.creditcoin.org/t/this-some-update-about-creditcoin/7325/2 "2023-07-17T14:14:06Z")

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Thanks for information ser