SINSO, as a Web3.0 infrastructure, is committed to building a distributed high-speed cache network so as to better support GameFi, VR, AR, video streaming, and high-speed CDN and DAPP data with a timely response.
In November 2021, the Phase-1 Testnet was launched, and in May 2022, the Testnet was upgraded with the launch of Phase-2 beta. Throughout the beta tests, a total of 9000+ nodes participated in the beta tests. All of these milestones are inseparable from the support and efforts of the SINSO miner group and community users. We really appreciate your support and participation in SINSO’s ecological construction.
Thus, as SINSO is about to launch the Mainnet, we decide to start the conversion of TSINSO tokens mined in the 1st and 2nd phases of SINSO Testnet, as well as to distribute SINSO tokens reserved for SINSO Mainnet Public Beta Airdrop. The relevant yield conversion rules are as follows.
I. Testnet Yield Settlement
The settlement of Testnet yield should follow the below rules:
-Exchange ratio: 5 TSINSO = 1 SINSO
-Release rule: 20% for the initial release, 13.333% linearly every 30th day.
-Initial release: 8 AM, on Jan. 31st, 2023 (UTC+8)
-Token Conversion WebPage: https://testnet.whitelist.vip/
-Process: 1. Visit the Token Conversion WebPage; 2. Click on the settlement page; 3. Connect your node address through MetaMask and check the token conversion info; 4. When it comes to the time scheduled for Initial Release, you can start receiving the official SINSO tokens.
II. Settlement for SINSO Mainnet Phase-3 Beta Airdrop
To rebate SINSO users who have always supported us from the Testnet to the Mainnet Public Beta, SINSO team decided to issue 100% of the Airdrop rewards for the Mainnet Public Beta at one time.
Settlement for SINSO Mainnet Phase-3 Beta Airdrop follows the below rules:
-Prize Pool Distribution: The share of each address in the 1 million prize pool equals the percentage it accounts for in the total number of tokens released by the Mainnet during the Airdrop campaign.
-Release Rule: One-time 100% release
-Release schedule: 2023.01.29 to 2023.02.02; SINSO will make an announcement after the award is issued. Please follow the official announcement for the specific time.
-Check your rewards: The SINSO rewards will be directly airdropped to the address of Miners or Node Guarantors who participated in the Public Beta Airdrop Campaign.
-Process: 1. Check the Public Beta Results to be released by SINSO official after the event ends; 2. Enter the Public Beta Mainnet, connect your node address through Metamask to check the token conversion info; 3. After the appeal period is over, the official will airdrop official SINSO tokens.
Tips: The official SINSO tokens received after conversion will be issued on the AmStar chain, and you can continue to participate in the mining & staking of the SINSO Mainnet. If you need to go to the exchange to trade, you can complete the cross-chain operation through the cross-chain bridge https://mainnet.sinso.io/home (You can trade SINSO on exchange after SINSO is officially listed, and the cross-chain service will start at the same time.)
How to add AmStar chain to MetaMask？
A. To Add Network Manually
Network Name: Amstar Mainnet
New PRC URL: https://mainnet-rpc.amstarscan.com/
ChainID: 1388
Symbol: SINSO
Block Explorer URL:https://mainnet.amstarscan.com/
B. Add Network Automatically
Access the blockchain browser URL: https://mainnet.amstarscan.com/
Scroll down to the bottom and click “Add AmStar Mainnet”
Notes: a. During the conversion operation, the connected node address must be the address you used to participate in SINSO Testnet mining. Each node is independent. If you have more than one node, the settlement will be made one by one.
b. The converted official SINSO tokens will be issued to the address corresponding to the connected node on the Amstar chain, please be sure to add the AmStar network and the token type of SINSO in the Metamask wallet;
c. After the settlement of SINSO Testnet income and completion of the token conversion, the release of official SINSO tokens adopts a linear release schedule. For details, please refer to the content above for details, and enter the node address to view the corresponding amounts after token conversion.
