DeNet’s Store&Earn Program Pauses for Exciting Updates: What Participants Need to Know

Introduction

The Store&Earn program has been instrumental in driving mass adoption of decentralized storage and advancing the DeNet Storage Protocol. As the initial six-month period concludes, DeNet is preparing to update the program starting on August 30th. During this time, the claim function and new participant registrations will be temporarily disabled. Here’s what you need to know about this update.

Impressive Results from the Store&Earn Program: The Store&Earn program has delivered remarkable results over the past six months:

1,000 Storage Contributors Joined: The program successfully attracted a large number of users who contributed their storage capacity to the DeNet ecosystem.

7,000 Tweets Generated: The program created a significant buzz on social media, with thousands of tweets highlighting its progress and success.

7 Petabytes of Storage Deposits: The program amassed an impressive amount of storage capacity, further validating its effectiveness in incentivizing user participation.

These results showcase the program’s success in promoting decentralized storage and fostering the growth of the DeNet Storage Protocol.

What to Expect from the Upcoming Update

While the Store&Earn program will pause on August 30th for an update, this is not a permanent halt. Instead, it is a temporary pause to allow the DeNet team to implement exciting new features and improvements. When the program resumes, participants can expect even more innovative tools and developments that will enhance the decentralized storage ecosystem.

What Participants Should Know

Token Claims: If participants haven’t claimed their tokens by August 30th, they need not worry. Unclaimed tokens will automatically convert into DeNet Points, which can later be converted back into tokens after the program’s update.

Continued Participation: Existing participants who joined before August 30th can still complete Store&Earn tasks during the update. These tasks will earn them DeNet Points, which can be converted into tokens once the program reopens.

Upcoming Changes: The DeNet team has been diligently working on updates that will bring new opportunities for user engagement and ecosystem growth. These changes will make the Store&Earn program even more powerful and beneficial.

Final Thoughts

The Store&Earn program has been a tremendous success, laying a strong foundation for decentralized storage adoption. While the upcoming update may temporarily pause new registrations and claims, it’s a necessary step to ensure the program comes back stronger than ever. Participants and the wider DeNet community can look forward to exciting developments that will drive the ecosystem to new heights.