Sep 20, 2022

No More Resets

Good evening! Today we want to give you a little update on why we aren't planning to reset the chain again, how our mainnet and incentives thinking has evolved, and the ways you can get involve with Pylons as we start to open up to the mainstream.

In the last few weeks we've seen a lot of progress as we transitioned our systems into more of a permanent form, with real money transactions starting to flow as we enabled buying art using native in-app purchasing. We realized relatively quickly that although we had planned to reset the chain after an incentivized phase, people were attached to what they had collected, and in many cases paid fiat money for, and it would be better to maintain continuity.

Instead, we will be handling issues between now and our official mainnet point with upgrade handlers, the first of which will be cleaning up the revenue distribution and payment tokens to reflect how we want them to look in reality (test tokens will be deleted, and only tokens purchased with real money will remain). This means that items purchased since our last chain reset will persist through mainnet.

It also means that our incentive programs don't need to end when we reach mainnet. We've had a few incentivized drops, and there will be more, but in the next few weeks we will open up a bug bounty, as well as an art challenge for creators. We will also have developer challenges when our SDK is polished enough to make our CEO smile. [I am very frowny about code I don't like]

If you want to get ready for the bug bounty, or just check in on our progress towards our next chain upgrade, you can look at our mainnet milestone breakdown here. If you want to participate in the art creation challenge, start minting on Easel on Android or iOS and sharing art with your community. We are also excited to be able to share more about our crowdfunding very soon!

In the meantime, have a great week, everyone.