Paradigm leads $55 million @SuccinctLabs Phase 1 Testnet

The most worthwhile project in the ZK track

The project team has stated that early contributors and community members will be prioritized for rewards. There are incentives!

The testnet has just started for a month, and I heard some insider news. There's still time.

Currently, the off-market invitation code is $200 each, no need to panic.

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First, let’s talk about what @SuccinctLabs does.

@SuccinctLabs has raised a total of $55 million from Paradigm, Electric Capital, and Robot Ventures.

Paradigm has always had a keen eye, and many impressive projects have their mark on him.

Succinct's goal is to enable blockchain developers to build secure applications more simply and efficiently using “Zero-Knowledge Proof (Zk)” technology (a type of encryption method). It provides a decentralized network that helps process complex computations, such as cross-chain data exchange, reducing costs and difficulties.

The core of Zk technology is: proving something is correct without revealing specific information. For example, you can prove that you completed a certain computation without needing to show the detailed process of the computation.

Zk technology can also be applied in other fields, such as verifying the authenticity of images (proving that a certain image was genuinely captured rather than AI-generated).

Here I quote this big shot @lovecity0088

In short, it’s a technical tool that helps blockchain development become faster and cheaper.

Now, here comes the key point: where’s the entry point?

Currently, participation in the testnet requires an invitation code (code), and it’s hard to come by.

Previously, the project team released ten thousand codes at two or three in the morning, and they were used up in a few minutes.

The off-market price is $200 each. It’s okay, there are still ways.

Currently, the official still has about 1,900 codes left, and the way to obtain them is as follows:

1. Participate in official DC activities (art, music, memes, videos, poker).

2. Interact with posts from @SuccinctLabs, @pumatheuma, @jtguibas, and the Succinct team; participation is free to obtain.

Moreover, I am optimistic about this project as it is in a good track and has great marketing.

Obtaining an invitation code to participate in the testnet can earn stars.

Some KOLs predict that 1 star = 8U; regardless of its truth, the expectation is there.

The total number of invitation codes is limited, and the project team is strict about it. With fewer people, the profit margin increases.

I am working hard to get a code. Once I get it, I will provide everyone with a follow-up tutorial~