Incentiv, a Layer 1 blockchain built for EVM compatibility, has released testnet results and outlined its future plans, highlighting a community-centric reward system that incentivizes participation in the network. The platform’s consensus model uses Proof of Work (PoW) with a contribution-scored mechanism, rewarding users based on their involvement within the ecosystem. 1.2 million wallets have been created on Incentiv’s testnet, signifying growing interest and the potential for a permissionless network. The engine powering its architecture is Incentiv+, designed to distribute rewards directly from transaction fees and values into a communal pool that automatically distributes them to all contributors based on their activity. This approach differs significantly from traditional models like fixed block rewards, as payouts here are directly linked to economic throughput. 26% of the native token’s supply ($CENT), pre-loaded in a Community Rewards pool ensures immediate reward availability for the community even before transaction volumes increase. A Short-Term Growth Fund also supports strategic initiatives during this initial phase, aligning with Incentiv’s transition from a subsidy-driven to a self-sustaining model through fees. The testnet has gained significant traction since its launch earlier this year, attracting thousands of developers and users. The widespread appeal is fueled by features like the unified token (supporting diverse tokenized transactions), passkey wallets (enhancing security and user experience), bundled transactions (streamlining actions into single signed transactions), a native DEX (facilitating token swaps), an open SDK for seamless dApp integration, and more.