Be eligible for any potential rewards!
Aleo
Infrastructure
Aleo Testnet
Progress mission: 0 of 6
Rewards
Rewards
TBA
Past rewards
$700 $8,000
Details
Minimal cost
Free
Time required
15 min.
Category
Testnet
Rating
7/10
Risk
Low
Aleo, with nearly $300 million from top investors, is a promising project to join. Such funding often indicates good opportunities.
However, Aleo, being US-based, might face future regulatory challenges. Also, there aren't many activities available yet. You can join their ambassador program, deploy contracts on Aleo, run a node, or use the Leo Wallet.
Currently, joining Aleo is risk-free since it's a test network, meaning all actions are free. Exploring the Aleo ecosystem won't take much time, so it's worth looking into.
Pros & Cons
Why is it worth it?
Investment
$298m investment.
VCs
Tier1 VCs like a16z, Polychain.
Competition
Few people actively perform project activities.
Token needs
L1 blockchain that cannot exist without its own token in mainnet.
Risks to consider
US project
Project is registered in the US - possible regulatory issues.
Few activities
Few activities are available for users to perform.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximise your chances of benefiting from this opportunity.
- Download Leo Wallet: To use the Aleo Testnet, you first need to download the Leo Wallet. This wallet allows you to interact with the Aleo platform.
- Use dApps on Aleo: Explore and use the decentralized apps (dApps) available on Aleo. Although there are only a few right now, try them out and stay updated for new ones.
- Participate in Ambassador Program: Aleo has an Ambassador Program. To join, be active on platforms like X and Discord. Applying for this program can improve your chances of earning rewards.
- Deploy Smart Contracts: Since Aleo is still in the testing phase (Testnet), deploying smart contracts could be a beneficial activity. This might increase your likelihood of receiving an airdrop in the future.