Gmmmmm Fellow Square Members🌄

Presenting the 2nd episode of the #Aleo Pulse [Season 2], your one-stop hub for all things on Aleo, The first Full stack blockchain powered by Zero Knowledge Proofs🚀

Let's begin with today's episode🚀

This Week's Updates


➡️The Community call was held last Wednesday at 21:00 IST @ Discord.

➡️The hosts were Viv and Alex

➡️According to Alex,

🟦Currently the team is working on some required fixes around the consensus algorithm

🟦The Virtual Machine and Private Transactions are ready for Mainnet.

🟦So, currently there's no ETA yet for Aleo's Mannet Launch.

🟦Once all the bugs and functionalities are ready, the team is expecting to run another fresh audit, to make sure things remain intact.

🟦The team is also working on a new version around the coin base mechanism.

🟦Tokenomics should be published shortly.

🟦As of now,

🔵The initial supply will be 1.5B Aleo credits, which will be 2x over 10-15 years.

🔵Coinbase rewards > Validator/Staker rewards at the beginning, but eventually it will become the opposite.

🔵 1/3 of the token supply will be allocated to the community.

From this 1/3, another 1/3 goes to grantees, 1/3 to incentivized testnet participants and the latter 1/3 for coin base quests.

🟦Initially, there will be 10 active validators, eventually, it's expected to reach about 50.

🟦Private keys are required to claim those rewards.

🟦The team is currently running mainnet on their internal devnet, implementing required fixes.

🟦Once this is completed, the open testnet will be launched for the public.

🟦The team is expecting to host by-weekly calls with the core dev team, and Howard Wu, the Co-founder will be joining the next call.

🟦NFTs for setup ceremony distribution are expected to be restarted soon.

🟦There will be a dedicated platform to allow claiming rewards.

🔵In addition, the puzzle team had some announcements.

🟦Puzzle team are actively seeking blog post writers, meme lords and gif creators etc.

The application is available in Aleo Discord.



And, that's all for today :)

Do share this with our amazing #TrendingTopic Fam as well🚀

I'll see ya in the next episode🫡

Until then, LFG!