Script Network Announcements
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Hey all! Happy August - here are a few updates
🥽GLASSPASS Launch date: We will be launching GLASSPASS in August. Holders benefit simply from holding or burning. There is a bonus benefit from holding a GLASSPASS not yet revealed also. To get on the @scriptlistverified - be sure to take part in the many competitions happening over the week. The mint is a utility NFT - not driven by 'hypenomics' so you're best off ensuring you read more about the benefits here: https://medium.com/script-network/glasspass-the-limited-nft-collection-for-script-tv-4629f6ee58f8. In short? Grab a GLASSPASS and earn even more per day than anyone else through burning, or hold it and get probably the craziest media NFT benefits that has been created thus far.
💰Token Launch date: We are completely aware this is is a common question, given the fact we are now in August. We have a lot of moving parts and we are pushing to launch at the soonest date possible. We are also of course pushing to give an exact date as soon as possible, but the general answer is September. We want to reiterate that it is of course in our best interest to launch as soon as possible - and if anything - the fact we delayed to ensure the protocol is even better than it was yesterday, should be seen as a positive. That said, we understand the frustration and questions - i'd do the same too! But this is a TV platform, on its own network, meaning everything from blockchain security, pools, content licensing, streaming IP, reward structure and much more must be vigorously worked on. We've worked tirelessly to bring what would take many 5+ years to build, and condensed it by working 16 hours+ per day, 7 days a week - to bring the best possible experience to everyone.
However in short - September.
Reason: the reason for the delay is because of some significant improvements were needed to be made to the indexing protocol and our data APIs for our reward structure. This was only able to be revealed through intense long term machine learning and testing - which we thankfully done over this summer. Important that we always state that this is innovation and many things could go wrong, BUT, its also important to clarify that what
we done is look ahead to potential issues and fix them. This is what most protocols dont do....hence why they fall apart 6-12 months after launch. We are building for the next 5-10 years, not weeks. To compensate this, we will be further lowering our Fully diluted valuation and making some tokenomics changes to make it an even more lucrative opportunity for all token holders. More on this soon.
🐛Bugs: Excited that we have *finally* fixed the long standing issue that caused users who used VPNs in their connections - to be fixed. We also have resolved over 20 other bugs across the platform. Team is working hard, and you can see in further detail over at #🚧︱project-updates . Please do continue to give suggestions over on our website (scroll to the footer) - it all helps!
🪂Airdrops and Rewards: If you're new to Script Network, head to the whitepaper to learn how to get started and how to take advantage of early user rewards - https://whitepaper.script.tv/getting-started-guides/how-to-sign-up-+-sign-in-to-script-tv
Coming up - more competitions for GLASSPASS, Connect TV news, more partnerships, 70+ channels going live, and of course, further information for our roll out. Stay tuned!
( 🍿, 📺 )
https://twitter.com/block_apex/status/1682344668963700738?s=46&t=I6Xnf972-94077jYStciDw
📢 Exciting announcement! Block Apex is initiating rigorous blockchain audit of Script Network, covering the entire protocol.
📺 Script TV offers on-chain Live TV & Films with gameFi & socialFi elements and #WatchToEarn rewards!
Let's secure the future of entertainment. 🔒
AMA REMINDOOOR 🎙
Our next AMA is at 2pm UTC today - join us for up to date information on Script Network, alpha, answers to your questions and SPAY rewards for those who are in the audience or ask a question on stage!
Link: https://discord.com/invite/scriptnetwork
Be sure to also head to the new quests channel on discord for a limited time quest
See you there!
Just some updates..!
GLASSPASS - mint information and dates will follow v.soon - mint will be in August. As for mainnet information, this will be updated and confirmed with dates as soon as too. If you've won a whitelist outside of this server, be sure to verify by opening a ticket
Zealy - Continues - with boosting to various quests (+ new quests added) - you can find them here #💡︱new-quests
Next AMA is this coming Monday 24 July @ 2pm UTC - be sure to head to the Zealy quest and be there from the start on Monday - link is here https://discord.gg/c38HqCBu?event=1130212116918456394
New Channels - As part of our long term drive to be a genuine, long term TV network - we're excited to further upgrade our channel offering with over 60 new channels before our launch. This includes sports, cartoons, documentaries and more.
If you're new and unsure what most of this is about, be sure to check out https://whitepaper.script.tv/getting-started-guides/how-to-sign-up-+-sign-in-to-script-tv to get started
(🍿,📺)
We're excited to build alongside Mantle Network🫡
Script Network is excited to roll out an original upgradeable NFT marketplace, exclusive Mantle ScriptGLASSes and a live TV platform to the entire Mantle ecosystem. All coming soon on #MantleNetwork
It's time to build.
(🍿,📺)
https://twitter.com/script_network/status/1681075334601383940?s=20
Some updates / notes
Launch date: An understandable common question is when are we launching. Our intention was to launch this month, but that has now been pushed back slightly. The first thing to reiterate is its in our best interest more than anyone else in the world, to launch today if we could. There is zero benefit in the team delaying the launch beyond for the benefit of the project. One of the things we've noticed in crypto is that narratives follow cycles....in every single ecosystem or project. I won't mention names but you can virtually go to any pre launch company in crypto - go to their community, and its the same / similar questions being asked.
The cycle works something like..*.1. Pre launch everyone hammers the team pushing for a fast launch so they can 5x their bags (which makes sense). 2. The team then forces through a faster date due to complaints, meaning the product is either not ready, or there is a flaw somewhere which will come back to bite the project later. 3. Users complain about the company not having products working properly / at all and leaves for the next hype cycle.*
It's important to not get caught in these cycles - it doesn't benefit the project, the users, nor the holders. Our values is focused towards innovation and development. Its why we're in 2023, and this is still the first live TV network with underlying blockchain technology - because its not easy to do, and its not something that can just have a token thrown out onto exchanges without significant infrastructure and analysis around it. Fortunately we have nearly all but all finished on this cycle - but its important to reiterate - this is a TV network - not a simple defi swapping app, not a copy of an existing project like 99% of companies are - so things take time, we've been building this for 18 months+ and counting.
However, we are completely understanding to any frustrations - but please understand that its *all in good time* and the launch date update is imminent. To clarify it will 100% be this summer, but the exact fixed date will follow in due course. Those who follow Script Network can see we are very very close, but due to some teething issues and delays out of our control, we had to delay our launch date. We apologise for this delay however, we are actually annoyed that we weren't able to launch in the exact time we said we would, but its common in every industry to have launch delays, and to be honest, is never seen as a negative outside of web3 (Apple Vision Pro is being released 5 years later than planned, 10 years in the making)
In the meantime, we have updates galore here and across our socials
Other notes...
Testnet: If you have a @ Validator node role on discord, you now have tokens deposited in order to run a validator node - let us know if you have any queries on this by heading to the #🤙︱testnet-feedback channel
If you are looking to run a Lightning node, you will have the tokens over the coming hours in your Script Wallet. The reason why Validator and Lightning node process is manual is due to the amount of users requesting from faucet exceeding the total supply of the token - leading to the faucet crashing. I guess this is a good problem to have of course - but to ensure everyone has a smooth testnet, we had to restrict it as such.
If you're looking to run a Edge Node, you can simply just request Edge node tokens from faucet as per previous instructions.
To receive @ v2 Lightning Node and @ v2 Script Edge Node roles on discord - head to Zealy to complete the respective tasks (there is no new role for v2.5)
GLASSPASS: Lastly, If you're on the WL to mint a GLASSPASS you should have the @scriptlistverified role. If you have a @ scriptlist role please ensure you verify in the scriptlist channel on discord ASAP
So much more to say but will save it for the next announcement in the next few days as we are @ limit!
We are in the process of upgrading testnet from v2 ➡️ v2.5. This could / should well be our final chain upgrade before mainnet. This is totally normal, as we continue to iterate for a secure, and scable environment in mainnet.
Why we done it:
- Updating the block validation process.
- Adjusting the node's participation in the network's consensus mechanism.
- Upgrading the node ensures for security patches and enhancements
- Minimizing the risk of attacks or exploits.
- Performance improvements to enhance the node's efficiency, scalability, or throughput to faster transaction processing & reduced resource consumption.
- Upgrading the node ensures that it can communicate and interact seamlessly with other nodes, avoiding any disruptions or incompatibility issues.
- Stake value update (see below)
- Increase in withdrawl time to manage the node's participation in network.
What changes:
- Node runners: If you set up a node in testnet v2, you will have to set it back up
- Balances will be zero again, please request from faucet again
- Amount required to stake (now 1M SCPT tokens - validators, 10k SCPT tokens - lightning, 3k SCPT tokens - edge)
What stays the same:
Everything else
When will the upgrade take place:
Early next week
Will testnet work from now until then?
No, it will not be functional until this upgrade is complete
Any other questions, please open a ticket in our discord
.eth domains joins the party 🎉 https://twitter.com/script_network/status/1676894016846135298?s=20
ICYMI, Galxe Special Digital Transmission OAT for those who are eligible - https://galxe.com/ScriptNetwork/campaign/GCiJmUQEAs
For node runners - be sure to claim your role by completing the respective tasks over on Zealy here: https://zealy.io/c/scriptnetwork/questboard. Remember new quests freqently get added and existing quests boosted - be sure to check out updates by keeping your notifications on over at #💡︱new-quests
Also, to clarify once more, exact launch date, and information on the rewards for early participants will be announced asap.
Thanks!
Interact with this tweet and drop your wallet address below.
https://twitter.com/script_network/status/1676015252977098753?s=20
AMA Live NOW! Join us! 🎙
https://discord.gg/93VFu7Ke?event=1123229603528458390
Limited time Zealy quest here: https://zealy.io/c/scriptnetwork/questboard/3eedac06-4ff1-40b4-9ebe-188412cd75f9
See you there.
