PANews, October 12: Arthur Hayes tweeted that the FLOP testnet will launch within weeks. Previously, it was reported that FLOP tokens on the Flop Labs testnet will enable real-money transactions via the HTLC protocol and will later be exchanged for mainnet FLOP tokens at a yet-to-be-determined rate. Arthur Hayes also stated that participants acting as miners, validators, or delegates during the testnet phase will receive additional incentives.
Arthur Hayes Announces Imminent Launch of the FLOP Testnet
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Summary
Arthur Hayes confirmed that the FLOP testnet will go live in weeks, marking a major token launch milestone. The testnet will support real-money FLOP transactions via the HTLC protocol, with a future swap to mainnet tokens at an undetermined ratio. Protocol updates include enhanced incentives for miners, validators, and agents during the testnet phase.
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