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Testnet Status Update

09 Jan 2023
Written by: Minima

As we get closer to Mainnet, here is the important information you need to know.

Incentive Program members will need to take action to ensure accrued Rewards are received at Mainnet. Roadmap of events prior to coin distribution:

Road to Mainnet

What you need to know about…

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‍**...your node**

Most importantly, you must be running version 103.28 or above before the 31st January. If you are not on this version or above, you may not be able to collect your coins at Mainnet.

If you have installed Minima from the Google Play store, you can set your app to update automatically from the Play Store settings.

Checking your Version

To check the version of Minima you are running, check the status of your node.
For help , select your platform of choice from our Get Started page and see the section on "How to check the Status of your node".

Seedphrase and Backups

After Mainnet, you will need to know your 24 word seed phrase and take frequent backups to ensure your funds remain safe. Your seed phrase can be found from the Backup/Restore page (click on Archive) on Android, or using the Vault command from the Terminal MiniDapp.

...the Incentive Program

The Incentive Rewards Program is now **closed to new members.
**
Existing members will continue to earn 1 Reward a day, however, you will no longer see pings after 31st December being updated on your node.
All Rewards due for 2023 will be sent to your Incentive Program account in one go (instead of daily) prior to the coin distribution, provided you continue to run your node.

After Mainnet, you will no longer have an Incentive Program account and will not be able to login to the Incentive Program website to view your Rewards.

Rewards will be converted to real Minima and they will be sent to your Minima Wallet address, so make sure you can access your MiniDapp System before Mainnet!

...receiving your Rewards

At the point of coin distribution, all of your Rewards will be converted to real Minima and sent to your Minima Wallet address.

**Tip!**‍

Make sure you have the Wallet MiniDapp installed so you can easily see when you have received your real Minima!

Ensure the node you have your Incentive ID connected to is the one you want to receive your Rewards to.

You should have only one node running with your Incentive ID connected to it. If you have been running multiple nodes, decide which node you wish to receive your coins to and connect your ID to that node.

Attempting to connect the same Incentive ID to multiple nodes may cause confusion when receiving your coins!

Proof of Person

Know Your Customer (KYC) will not be required to collect your Minima Rewards, however, you will be required to complete our ‘Proof of Person’ process so we can verify that you are not a bot!

**Keep an eye on your inbox for this verification request in January 2023.
**
If you have trouble completing the proof of person verification or no longer have access to your email, please contact us in the Support channel on Discord.

...our Community Presale

Our pre-sale is an opportunity to purchase Minima ahead of coin distribution and will take place in February 2023

Important: Participation is only possible where your local laws and regulations permit as well as where international sanctions are not in force.

To register your interest, please go to https://presale.minima.global/. If you already have an Incentive Reward Account, no action is required - you are already on the waitlist!

There will be 4 tranches at different prices, the first and earliest tranche is available for existing Incentive Program members only.

Tranche 1:

  • Existing Incentive Program members only
  • 30% Discount
  • 10 million (10,000,000) coins available
  • Min purchase size to be confirmed
  • Max purchase size $25,000

Tranche 2:

  • 20% Discount
  • 10 million (10,000,000) coins available
  • Min purchase size to be confirmed
  • Max purchase size $100,000

Tranche 3:

  • 10% Discount
  • 20 million (20,000,000) coins available
  • Min purchase size to be confirmed
  • Max purchase size $100,000

Tranche 4:

  • 0% Discount
  • 20 million (20,000,000) coins available
  • Min purchase size to be confirmed
  • Max purchase size $100,000

This latest information can also be found in our docs.

Thank you for your participation as we head into Mainnet!

Still have questions? Please contact us in the Support channel on Discord

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