Session Announces Testnet Incentive Program as it Gears up to Launch a New Utility Token Called \'Session Token\'

The program will enlist the help of loyal community members to test the new Session Network

Technology News / Session Announces Testnet Incentive Program Ahead of New Utility Token Launch

Session, the encrypted messaging app, announces a testnet incentive program as it prepares to launch a new utility token called 'Session Token.'

MELBOURNE, Australia, July 16, 2024 /PRNewswire/ -- Session, the encrypted messaging application, has announced a testnet incentive program as it gears up to launch a new utility token called 'Session Token.'

The program will enlist the help of loyal community members to test the new Session Network — which is transitioning away from the Oxen blockchain — and iron out any kinks before the Session Token becomes available to the public.

Now powered by the Arbitrum blockchain, the next-generation Session Network is a decentralized network designed to support and enhance Session's encrypted messaging platform. As Session continues to add new features to its platform in the coming months, it must ensure that the underlying networking infrastructure remains highly robust and secure.

Session hopes that by working with knowledgeable and passionate community members, the platform will be able to seamlessly transition to the Session Network. In return for assisting the project in this endeavor, testnet participants will have the opportunity to earn Session Tokens prior to their public launch. The token will grant users access to premium Session features.

When the Testnet Incentive Program opens on July 16, eligible Session Community members will be able to stake testnet Session Nodes using the test tokens in the Staking Portal. Only community members are eligible to participate in this program during this phase.

Session will reward testnet participants based on their on-chain activity, giving priority to the most active participants and the contributions that are deemed to be the most meaningful. However, participants with larger stakes will not necessarily receive more points.

Session will airdrop the tokens to testnet participants at the Token Generation Event.

Session has published instructions on how to participate in the new Testnet Incentive Program on its website.

Kee Jefferys, Chief Technology Officer at Session, said in a statement: "We're very excited to open up the testnet to the community and work together to advance a robust and decentralized encrypted messaging platform.

"Leveraging our users' unique knowledge of and passion for all things blockchain, we believe this programme will be a critical step in the journey towards the new Session Network. We're thrilled to see the community's enthusiasm and engagement and encourage all eligible members to participate in this unique event."

About Session

Session is an end-to-end encrypted messenger powered by decentralized storage servers and onion routing, ensuring minimal exposure of user metadata. The app is completely open-source and doesn't require users to share their phone numbers or emails. With over 2,000 nodes offering built-in onion routing, Session provides a secure and private messaging experience.

For inquiries, please contact:

Philip Gjorup

Nord Comms

[email protected]

+45 42610802

Logo - https://mma.prnewswire.com/media/2462391/Session_logo.jpg

SOURCE Session

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