Main-net is live! Terp Network
hello, world!
Today we are excited to announce that Terp Network is live! As of right now, users can:
- delegate TERP to validators
- interact with every permissionless feature of terp-core, the software that powers Terp Network
This is an historic occasion! For the first time ever, a public decentralized protocol for cannabis culture with no private investors, no VC money, and no pre-sale was bootstrapped, and now interoperable with most other decentralized protocols.
This represents a significant milestone in the shift toward digital soverignty & collaboration within this era of our culture’s. The goal for Terp Network was to create a way to improve self-soverignty for community members, but without sacraficing interoperability & verifiability with inter-blockchain communication (IBC).
TerpNET roadmap for the next 3 months
This week Terp Network has launched with full goverance & consensus support, with test network participants & ATOM & BCNA delegators having an initial balance on the network.
Over the next few weeks and months, there will be a number of rapid protocol updates.
Expected around the end of April (depending on governance), the TerpNET Foundation DAO plans a number of proposals including smart contract uploads & software modification requests.
Initially, anyone may open an IBC channel to any interoperable ecosytem, as shown in the awesome visualizers provided by MapOfZones & Mintscan. The TerpNET Foundation aims to feegrant relaying cost to any inital relayer just reach out in the discord! This will make Terp Network interoperable with interchain applications!
Mainnet tooling
Check out some of the currrent resources swiftly provided by community for Terp Network:
let us know what other resources should be configured to Terp Network!
For a TL:DR of unpacking the inital token distribution & economic model ,
- ATOM delegators
- BCNA delegators
- TerpOG participants
- TestNET scavenger hunt participants
- Genval set
- TerpNET Foundation
Token distributions are:
- ATOM stakers + BCNA stakers + TerpOGs + Scavenger hunt + Genvals: ~72,974,297 TERP & 72,974,297 THIOL (~17.5% total supply)
- TerpNET foundation dao:
~ 63,000,000 TERP & 63,000,000 THIOL (15% total supply) - Protocol owned treasury:
~ 284025702.54 TERP & 284025702.54 THIOL (~68% of total supply)
Thank you for taking the time to understand better what Terp Network is, we are looking forward to sharing more exciting updates with you all!
Cheers!
