It’s been nearly a year since the launch of the Tezos betanet, and we’re thrilled that the network is robust and the community remains highly engaged. 82% of all tokens from the genesis block proposed by the Foundation are currently activated. One recommended allocation is activated every hour, and that number is on a trajectory to double. Approximately 87% of all rolls (1 roll is currently 10,000 XTZ) participated in the first on-chain vote and nearly 81% are baking (validating) at the present time.
To celebrate the upcoming anniversary of the betanet launch, we’re pleased to announce a number of initiatives to spur even more participation in the Tezos ecosystem.
1. The Tezos Foundation will actively support the development of more enhanced tooling and software intended to make baking more accessible to a wider audience. Baking not only helps secure the Tezos network – it also allows participants to more easily avoid token dilution through inflation that results from block rewards. Check out the resources below to learn more about baking and how to participate either directly or indirectly (via delegation).
- Proof-of-Stake in Tezos
- Obsidian Systems‘ Kiln application
- Email [email protected] to join Obsidian’s Slack channel for bakers
- “Spinning up a Tezos node in under a few minutes” by Rajath Alex
- Video tutorial on how to delegate XTZ via Cryptonomic’s Galleon wallet
- “How to Delegate Tezos XTZ with TezBox Online Wallet” by Awa Sun Yin of Cryptium Labs
2. One of the defining features of Tezos is that it follows a formal process to upgrade itself and more effectively evolve over time. Contributors to the Tezos Foundation’s fundraiser who activate their recommended allocations are eligible to bake and participate in Tezos governance. The Foundation will publish resources about voting, how it works, and how to participate so that token holders are equipped to take part in Tezos’ evolution. The resources below may be helpful for those looking to participate in Tezos governance.
- “Voting on Tezos Proposals with your Ledger Nano S” by Obsidian Systems
- Kukai’s voting dashboard
- The Voting Process
3. To help as many fundraiser contributors as possible access their recommended allocations of Tezos tokens, the Tezos Foundation is developing a suite of tools to help fundraiser contributors more easily navigate the activation and retrieval processes (fundraiser contributors may only participate in baking and governance if they have access to their recommended allocations).
In the coming weeks, the Foundation will release an Activation Help Desk where fundraiser contributors can receive real-time assistance in activating their recommended allocations. For the few contributors who need help with password recovery, there are several tools built by community members that we will directly support in order to make them easier to use.
Fundraiser contributors can currently contact [email protected] for help. The resources below may be helpful for fundraiser contributors who have yet to activate and access their recommended allocations.
- Getting Started with Tezos
- Activating a recommended allocation
- Video tutorial on how to import a fundraiser wallet via the Galleon wallet
Follow us on Twitter at @TezosFoundation for updates on all of these initiatives in the weeks to come!