Waves Founder Announces Launch of Units.network Testnet Activity

According to Odaily, Sasha.waves, the founder of Waves, has announced that the testnet activity for the sidechain network, Units.network, will commence next Tuesday. This will be followed by a TVL activity, which will start with Waves. During the event, holders who pledge or lease WAVES will receive UNIT0. As per the official website, the first native sidechain token, UNIT0, will be mined by L2MP. It can be staked with one of the beacon chain nodes to earn UNIT0. In the first year, one million tokens will be produced and distributed to L2MP stakers. This development is part of the ongoing efforts to expand and enhance the functionality of the Waves platform. The announcement has sparked interest among the Waves community, with many looking forward to the launch of the testnet activity. The introduction of the sidechain network is expected to bring about significant improvements in the platform's performance and scalability. The distribution of UNIT0 tokens to WAVES holders is also seen as a positive move, providing an additional incentive for users to engage with the platform.