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Avalanche9000 Testnet Launches with up to $40M in Retroactive Rewards

Twitter icon  •  Published 1 year ago on November 26, 2024  •  Hassan Maishera

On Monday, the Avalanche Foundation announced via a blog post that the Avalanche9000 testnet is now live.

Avalanche9000 Testnet Launches with up to $40M in Retroactive Rewards

On Monday, the Avalanche Foundation announced via a blog post that the Avalanche9000 testnet is now live. This major update introduces Etna, ACP-77, ACP-125, and more, reducing Layer 1 (L1) deployment costs by 99.9%, simplifying customization, and enhancing maintenance, making L1 launches more economically feasible.

Furthermore, developers can now apply for Retro9000, a retroactive grant program with up to $40m in rewards, including $2m for referrals. Retro9000 will specifically reward developers building Layer 1 (L1) blockchains and related, critical developer tooling on the Avalanche9000 testnet. 

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 1% today and currently trades at $42.07 per coin.

 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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