Participate in the Allora Network testnet!
Allora Network
Progress mission: 0 of 5
Rewards
Rewards
TBA
Past rewards
$1,700 $9,200
Details
Minimal cost
Free
Time required
30 min.
Category
Testnet
Rating
6/10
Risk
Low
Allora Network is a testnet, meaning the participation is free. Their team managed to raise an undisclosed amount of money from top venture capital firms. The backing from VCs makes Allora more credible.
Right now, only 25,000 users have joined the Allora campaign. This means potential rewards will be bigger, as they'll be shared among fewer people.
In summary, Allora Network is a promising project with strong support and a limited user base, making it an attractive option for early participants.
Pros & Cons
Why is it worth it?
Token Confirmation
The official docs mention the $ALLO token, which will be the native token of the Allora appchain.
Free to Join
You can join the Allora Network testnet without spending any money. This makes it accessible to everyone, even if you're just starting with crypto.
Backed by Reputable Funds
Polychain, Blockchain Capital, Framework Ventures, and Delphi Digital back the project. Their support suggests confidence in the Allora Network.
Potentially High Rewards
Since there are fewer users, the rewards distributed among participants can be significant. You might receive more tokens compared to projects with more users.
Risks to consider
Difficulty
Topics regarding machine learning and investment strategies are difficult and may seem overwhelming for the average user.
Security Risks
Any online activity comes with security risks, and testnets are no exception. You should be cautious and follow best security practices to protect yourself.
No Guaranteed Airdrops
Even if you complete all the missions, you might not receive an airdrop.
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.
- Stay active on Allora Network: Use Allora's applications regularly. This increases your visibility and helps you earn more points.
- Engage on social media: Join Allora's community on Twitter, Discord, and Telegram. Being consistent and interactive can help you qualify for additional rewards.
- Participate in the Testnet: Take part in the missions related to the testnet activities on the Allora Network. It’s best to perform the activities regularly, as there's a bigger chance you’ll be rewarded when a future airdrop takes place.
- Create engaging topics: Try gaining attention from machine learning model creators by starting interesting discussions. You can also contribute your own model. This can make you a valuable member of the network.