The post ChainBounty to Issue BOUNTY Tokens This Month, Mainnet Launch Set for December appeared on BitcoinEthereumNews.com.

ChainBounty, previously known as Sentinel Protocol, revealed plans to issue its rebranded BOUNTY tokens later this month. According to the project’s newly released whitepaper, the testnet will go live alongside the token generation event, and the mainnet is scheduled to launch in late December. During this period, the majority of BOUNTY tokens issued will be allocated towards platform development, signaling a pivotal phase in ChainBounty’s evolution as it repositions itself in the blockchain and cybersecurity ecosystem. ChainBounty: Rebranding and New Vision ChainBounty has undergone a significant rebranding from its earlier identity as Sentinel Protocol, a blockchain security project known for its focus on threat intelligence and cybersecurity. The rebranding marks a shift in the project’s strategy as it seeks to expand its platform and token utility, targeting a broader range of decentralized applications (dApps) and blockchain use cases. Key Features of ChainBounty: Cybersecurity Focus: Initially centered around threat intelligence and security, ChainBounty will continue to leverage its experience in the blockchain security space while expanding its scope to include broader decentralized applications. BOUNTY Token Integration: The BOUNTY token will be central to ChainBounty’s ecosystem, facilitating platform development, rewards for security contributions, and more. Expansion Beyond Security: With the rebranding, ChainBounty is evolving beyond its security roots to integrate new functionalities and foster a diverse dApp ecosystem. BOUNTY Token Issuance and Use Cases The issuance of the BOUNTY token is a key aspect of ChainBounty’s development. Starting this month, BOUNTY tokens will be distributed primarily for platform development, with additional use cases planned as the platform expands. Key Dates for BOUNTY Token: Token Generation Event (October 2024): BOUNTY tokens will be issued in conjunction with the testnet launch, marking the beginning of token circulation. Mainnet Launch (December 2024): The mainnet will officially go live in late December, enabling full functionality for…

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Filed under: News - @ October 16, 2024 3:24 pm