menu
Back to blog
CrossFi Chain Testnet
CrossFi Chain EVM Tesnet in 2 weeks
Uruba Niazi

VP of Marketing - Content

06 Mar 2024
1 min read
0 comments

Cross Finance is on a mission to create an ecosystem where banking and cryptocurrency can coexist. That means offering all traditional banking and Web 3 crypto services in a seamless customer experience. On the path to achieve this, CrossFi launched its EVM Testnet on February 20, 2024, to attract builders and users to the testnet before the mainnet launch. CrossFi chose Coinlist as its EVM Testnet partner for their excellent track record of launching new projects in the Web 3 space and strong community of participants. The news of this launch was mentioned in multiple publications, Coindesk and Yahoo Finance being some of them.

The grants initiative is a diverse funding framework crafted to back various projects in the ecosystem and aid in establishing CrossFi as the top-tier hub for EVM Builders. It is geared towards showcasing community involvement, inclusivity, and transparency while advancing the collective well-being of the ecosystem by assisting project development on CrossFi Chain.

The CrossFi EVM Testnet is a 3-month initiative for validators, developers, and users with a total reward pool of $8.4M in MPX. 

The first stage is an initiative for validators with a prize pool of $2.4M in MPX. In the first 2 weeks of launching the testnet, the team has processed over 4000 applications from validators wanting to join the program. We have approved 400 validator applications already and were able to onboard over 64 validators in the first 24 hours. It is not just volume that we need to make it a success, but quality and expertise as well. This is why we have a rigorous acceptance criterion. So far, we have approved the world’s top validators into our program, like, Nodes, Guru, BwareLabs, Staking4All, Zeeve.io, Validatrium, Brightlystake, Matrixed, Link, 01node, Forbole, Allnodes, Neuler, Blockhunters, StakingCabin, Kiln, and Imperator, to name a few.

This is a very strong start to a three-month initiative that will allow everyone, from developers to users, to participate in this program and earn great rewards. The next initiative will start on March 10, 2024, to invite developers with innovative ideas to build on top of the CrossFi chain and expand its ecosystem of dApps and cross-chain services. To learn about our criteria and application process, visit our page on Coinlist

Users are our biggest and most vital audience. On March 15th, 2024, our testnet will open for users to participate in and provide feedback on innovative projects built on CrossFi. This will ensure the stability, security, and scalability of the CrossFi Chain before the launch of the mainnet. 

The CrossFi team is overwhelmed by the positive response and participation from the Web 3 community. It is motivated to deliver on its promise of creating the future of banking in the new Web 3 world. 

538
0 comments

Show more (0)
Thanks
for subscribing

You will receive only the most interesting news from the world of finance

Read our blog
.01you may also like
DeFi
CrossFi Analysis: DeFi Trends of 2024 04 Mar 2024 • 2 min read
NFT
10 Key Business Insights and Trends from NFT Paris 2024 The recent NFT Paris 2024 event was a melting pot of innovation, art, and technology, bringing together enthusiasts, creators, and business leaders from around the globe. As an advisor for CrossFI, I ... 27 Feb 2024 • 2 min read
Crypto
Beyond the Chain: A deep dive into CrossFi 23 Feb 2024 • 5 min read
Announcement
CrossFi Successfully Launches EVM Testnet on Coinlist 23 Feb 2024 • 2 min read
Finance
How does inflation decrease the value of your money over time and how do we hedge against it? Inflation is a rate at which the prices for goods and services are rising in a currency, the value of which falls over time. The inflation rate is both controlled and influenced by the central banks s... 19 Feb 2024 • 2 min read
Partnership
CrossFi partners with Subsquid to be its data provider to power Next Generation dApps CrossFi partners with Subsquid to be its data provider to power Next Generation dApps 16 Feb 2024 • 5 min read
Partnership
CrossFi picks DIA as its Cross-Chain Oracle Provider to Power its Chain CrossFi has partnered with DIA, a cross-chain oracle provider, to power its L1 blockchain and apps. Oracles are the bridge that connects the blockchain with off-chain and real-time data like interest ... 15 Feb 2024 • 2 min read
Partnership
Cross Finance picks Bware Labs as its Infrastructure Partner Cross Finance picks its infrastructure partner, Bware Labs, for its industry’s highest-performance and most reliable development tools and services. 13 Feb 2024 • 1 min read
Partnership
Cross Finance and Covalent announce partnership to create a seamless and transparent transaction system Cross Finance has partnered with Covalent, a unified blockchain API provider to power a seamless experience to users and builders on the CrossFi blockchain. 13 Feb 2024 • 1 min read
Crypto
Crypto trends 2024 Cross Finance scans the blockchain industry constantly for new trends and technologies. Let us share the biggest 6 trends for 2024. 13 Feb 2024 • 2 min read
CrossFi Chain Testnet
4 Incentivized Ways to Make Money with CrossFi at Your Fingertips Here is a look at the most lucrative incentives that have earned our users much coin! (Pun intended.) 12 Jul 2024 • 3 min read
CrossFi Chain Testnet
Dex Guru demos tools for success in upcoming CrossFi Hackathon Here is a short synopsis of what was discussed in the partner workshop with Dex Guru’s Evengy and a video of the workshop itself. 02 Jul 2024 • 3 min read
Partnership
CrossFi & DChain: Powering the Future of Web3 Gaming In a significant move to enhance the blockchain gaming ecosystem, CrossFi and DChain have announced a strategic partnership that promises to bring innovative solutions to the Web3 gaming space. 25 Jun 2024 • 1 min read
CrossFi Chain Testnet
Leading Validators Thrive on CrossFi Testnet: A New Era of Blockchain Success These narratives are a testament to the hard work and perseverance of our validators, who have navigated a challenging path to contribute to the growth and stability of the CrossFi ecosystem. 21 Jun 2024 • 5 min read
Event
10 Key Strategic Insights from CrossFi at the Proof of Talk Web3 Conference in Paris CrossFi, a frontrunner in the cross-chain DeFi space, was thrilled to participate in the Proof of Talk Web3 Conference in Paris, 10-11 June 2024. The conference was an impressive gathering of visionar... 13 Jun 2024 • 3 min read
Crypto
Key Takeaways From Money 20/20 Europe in Amsterdam 2024 We attended Money 20/20 Europe in Amsterdam to get a pulse on the industry. Here are the key takeaways and insights we gained from the conference. 12 Jun 2024 • 3 min read
Announcement
CrossFi Wins The Best All-In-One Blockchain Payment Solution in Americas Region Exciting News! 11 Jun 2024 • 1 min read
Cross Finance CrossFi Chain Testnet
How To Earn Crypto With CrossFi? If you aim to earn crypto, you have come to the right place. The CrossFi ecosystem is designed to reward users for participating and contributing to the platform. This post will describe how you can e... 06 Jun 2024 • 3 min read
CrossFi Chain Testnet
Why Should Everyone Try CrossFi Testnet Now? Welcome to the world of CrossFi, where innovative DeFi solutions, exciting gaming experiences, and cutting-edge trading platforms converge. Our suite of products, including the xApp, BingoRingo, and x... 06 Jun 2024 • 3 min read
Partnership
CrossFi and Versus-X Partnership CrossFi announces its strategic partnership with Versus-X, a multi-token and cross-chain wagering gaming studio. This collaboration will leverage the strengths of both platforms and bring about innova... 05 Jun 2024 • 2 min read
License