t3rn Direct AMA 13/09/22

t3rn
4 min readSep 15, 2022

🟣 Any tentative date for sale?

Jacob: There are a few steps we want to take as a project before conducting a sale or releasing a token. We want to have carried out some integrations with partner projects, refined XBI and released our tokenomics to the community, amongst other things. These are all steps that are crucial before releasing a token that is useful and valuable. That said, there will be information around tokenomics coming very soon.

🟣 Is there any plan to release an infographic/document with details of the tokenomics as well as release dates of the token?

Jacob: There are a few steps we want to take as a project before a sale; we want to facilitate some integrations, refine XBI and release our tokenomic to you guys. These are all steps that are crucial before releasing a token that is useful and valuable

🟣 Any gitbook?

Alex: So I think with GitBook you mean a docs page. I am working on a detailed docs page for our new website that will be launched soon 👀.

These documentations will have all the necessary information, some cool code examples of how to write cross-chain contracts etc. We will also have detailed illustrations of how the t3rn protocol works and useful information about our tokenomics.

🟣 How do t3rn position itself in crypto space?

Jacob: We see ourselves like a Cross-chain contract overlay network enabling message passing inside the Polkadot ecosystem and beyond polkadot.

We also want to let users port existing contracts to t3rn and make them cross-chain with just a few changes, making it easy for existing developers to use our protocol.

Have developer from different blockchain feel familiar with our network

We see the cross-chain panning out similarly to the alt L1 space, meaning there will be a few market-leading entities, offering unique benefits. With

🟣 Will t3rn have an incentive testnet?

Alex: For now we have our testnet on rococo and people are able to

run testnet t0rn collator and engage with our parachain which will be (soon) incentivized.

We are also planning on incentivizing other actors like our executors and have a competition where those actors can earn incentives by joining our testnet early.

In general our testnet will get more active soon since we have a lot in the pipeline and we will have a lot of interesting incentives coming up.

🟣 Will the t3rn conductors program be open again in the future?

Matheus: Yes, actually really soon. We hope to release a new batch in the next 2/3 months. Our team learned with the last batch and this one will be focused on education.

🟣 Will you release your own nft collection or maybe a separate collection for conductors?

Matheus: We would love too, our team talks about that all the time. We are considering releasing NFT collections related to events, Conductors, team members and partnerships. For now it’s a small idea, but if we release a collection, it will be a very well-made one.

🟣 In simple words, how do reversible executions work?

Alex: If you already worked with Ethereum, you are familiar with reversibility, crypto needs that for many reasons. Our reversibility is different because it includes multiple chains.

We track the current state of every chain, if one of them doesn’t work, we just don’t continue with the other transactions. After that we lock the funds, if the transaction works fine, we unlock the funds.

🟣 How do t3rn have more advantages over competitors?

Jacob: As mentioned priorly, our approach to reversible execution is something that we believe sets us firmly apart from our competitors; being able to offer this is not only a complex technological feat but is also rooted in building a network of trusted and competent participants to make this possible. As such, it is a competitive advantage that isn’t the easiest to recreate for our competitors and one that sets us apart from them.

This model offers a distinct level of security that addresses what we have long seen as one of the most poignant issues in the space, namely the security of cross-chain solutions.

Our developer-first approach, whether through developer incentives in our tokenomics or our model that facilitates developer remuneration all set us apart from our competitors too.

I’m certainly optimistic with t3rn.

🔵 And now?

Be on the lookout for updates on Twitter, Discord and Telegram.

I’ll see you on the next Direct

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t3rn

Open-source development made fairer, interoperable smart contracts on Polkadot. Learn more on t3rn.io