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Spacecoin Snapshot Unveils Exciting Season 1 Rewards for CTC Holders
Exciting news for the crypto community! Spacecoin, a groundbreaking dePIN network harnessing satellite technology, has officially announced the crucial details for its highly anticipated Season 1 snapshot. This significant event directly impacts CTC holders and marks a major step in distributing valuable crypto rewards to its dedicated community. Get ready to learn how this Spacecoin snapshot could benefit you!
Spacecoin recently shared via its official X channel that the Season 1 snapshot for CTC holders is scheduled for approximately 1:30 a.m. UTC on August 22. This precise timing ensures fairness and transparency across the network.
Specifically, the snapshot will occur at Ethereum block #23193117 and Creditcoin Network block #2059633. These specific block numbers provide an immutable record of the event, reinforcing the integrity of the blockchain snapshot process.
The core purpose of this snapshot is to identify eligible participants for a substantial reward pool. Spacecoin has allocated 5% of its total token supply to be distributed as rewards to community members who qualify. This generous allocation underscores Spacecoin’s commitment to fostering a vibrant and engaged user base.
If you are a CTC holder, you might be wondering if your assets qualify. Spacecoin has clearly outlined the eligible assets for the Season 1 snapshot. These include:
It is important to ensure your assets are held in a registered wallet to be accurately captured during the snapshot. This crucial detail ensures you don’t miss out on potential earnings from this significant distribution. The snapshot acts as a digital photograph of asset holdings at a specific moment, making wallet registration vital.
While the Season 1 snapshot is happening soon, there’s a specific timeline for claiming your rewards. Spacecoin has stated that Season 1 rewards will become claimable only after the completion of the Season 2 snapshot.
This approach aims to streamline the reward distribution process and potentially encourage continued participation within the ecosystem. Looking ahead, Spacecoin has also teased exciting plans for Season 2.
This upcoming phase will feature its own dedicated snapshot date and, even more notably, a larger token rewards percentage. This indicates Spacecoin’s long-term vision for rewarding its community and expanding its reach as a leading dePIN network. The continuous evolution of the network, supported by these reward programs, aims to strengthen the entire Spacecoin ecosystem.
Spacecoin operates as a Decentralized Physical Infrastructure Network, or dePIN network. This means it leverages a decentralized approach to build and manage physical infrastructure, in this case, powered by satellites.
By distributing control and operations across many participants, dePIN networks aim to create more resilient, efficient, and community-driven systems. Spacecoin’s satellite-powered infrastructure is designed to provide robust connectivity and services, making it a unique player in the blockchain space. The blockchain snapshot mechanism is crucial for managing and rewarding participation in such a distributed network.
This innovative model allows for greater scalability and accessibility, moving away from centralized control. As a CTC holder, your involvement directly contributes to the growth and success of this pioneering infrastructure. The announced crypto rewards are a direct acknowledgment of this valuable contribution.
In conclusion, the impending Spacecoin snapshot for Season 1 is a pivotal moment for CTC holders and the broader Spacecoin community. With 5% of the total token supply earmarked for distribution and a promise of even greater rewards in Season 2, Spacecoin is clearly committed to its decentralized vision. This event highlights the tangible benefits of participating in an innovative dePIN network, reinforcing the value proposition for its users. Prepare your wallets, as this is just the beginning of Spacecoin’s exciting journey in the decentralized infrastructure space.
Here are some common questions about the Spacecoin Season 1 snapshot:
Did you find this information on the Spacecoin snapshot valuable? Share this article with your fellow CTC holders and crypto enthusiasts on social media to spread the word about these exciting crypto rewards and the innovative dePIN network!
To learn more about the latest crypto market trends, explore our article on key developments shaping Spacecoin’s future developments.
This post Spacecoin Snapshot Unveils Exciting Season 1 Rewards for CTC Holders first appeared on BitcoinWorld and is written by Editorial Team
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