Original | Odaily Planet Daily (@OdailyChina_)
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On June 24, Nexus officially launched the final round of testnet mining (Testnet III) before the mainnet. This round of testing not only opens participation to mainland regions without the need for a VPN but also introduces a points system that can be exchanged for test tokens. Below, Odaily Planet Daily will guide you to seize the last mining bonuses before the Nexus mainnet.
Nexus: A Parallelized Proof-of-Mining Network
Nexus Network is a parallelized proof-of-mining network, where Nexus zkVM is a modular, scalable, open-source, highly parallelized, validator-optimized, contributor-friendly zkVM written in Rust, focusing on performance and security. Whether on a laptop or a mobile phone, Nexus allows anyone to easily contribute computing resources; with just a click, users can connect to the network, start earning rewards, and help expand a verifiable network built for the AI economy.
According to ROOTDATA data, Nexus has completed two rounds of financing, totaling $27.2 million, including:
In October 2022, Nexus announced the completion of a $2.2 million seed round, led by Dragonfly, with participation from Alliance DAO, SV Angel, Blockchain Builders Fund, and others;
In June 2024, Nexus announced the completion of a $25 million Series A round, co-led by Lightspeed and Pantera, with participation from Dragonfly, Faction, and Blockchain Builders Fund.
Testnet III is Live, Points Can Be Exchanged for Test Tokens
On June 24, Nexus announced on the X platform that Nexus Testnet III is live. Unlike previous versions, Testnet III will run for several weeks instead of just a few days, and it is the final phase of the testnet. Notably, Nexus Testnet III is open to mainland regions, allowing participation in mining without the need for a VPN. Additionally, Nexus CEO Dan stated on the X platform that the more computing power users provide, the more points they will earn. Furthermore, the community's common questions regarding Nexus Testnet III have been addressed, as follows:
Q: Can one account run multiple nodes?
A: Yes, the key is the total computing power, similar to Bitcoin.
Q: How is the mining reward calculated?
A: Points are allocated every epoch (i.e., every few blocks) based on the proportion of contributed computing power. User activities such as trading, deploying applications, and binding X/Discord will also be considered.
Q: What is the difference between points and tokens?
A: Points can be exchanged for the ERC-20 testnet tokens of Testnet III.
Q: What computations are nodes performing?
A: Executing ZK proof calculations through zkVM v3.0, with tasks distributed by the network.
According to the official documentation, once Testnet III begins, previous NEX Devnet points and NEX Devnet tokens will be reset, allowing users to start earning NEX testnet points and NEX testnet tokens. So, how can you seize the last phase of the Nexus testnet and stand on the same starting line as other "free riders" to gain potential airdrop opportunities in the future?
Interactive Tutorial
Currently, less than 3 days after the launch of Nexus Testnet III, the entire Nexus Network has 148.3 nodes, with over 350,000 online nodes, indicating its popularity.
STEP 1. Enter the mining link (link: https://app.nexus.xyz/) and click "Sign in" in the upper right corner to log in using your Google email.
STEP 2. Click on your profile picture and bind your X and Discord personal social accounts.
STEP 3. Click the button below to start mining.
STEP 4. Click the button shown in the image below to view the points earned in Nexus Testnet III and your historical points. Currently, every 1000 NEX testnet points can be exchanged for 1 NEX testnet token.
Finally, in addition to mining through the web interface, you can also contribute computing resources to the network using the Nexus Network CLI (a command-line tool for contributing computing resources to the network). For specific instructions on how to set it up on your computer, you can click here to view the documentation: https://docs.nexus.xyz/layer-1/testnet/cli-node.
Since using the Nexus Network CLI generally requires running on a server, renting a server incurs costs. If you prefer a "zero-cost" approach, you can skip this. However, if you want to earn more points, you can pay to deploy a Nexus node on Mintair (link: https://www.mintair.xyz/dashboard), which currently costs $8.99 per month to deploy one Nexus node.
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