Guru Network Insider Updates - November 22, 2024 - Mainnet Launch and Ecosystem Incentivization

The latest Guru Network AMA focused on two major announcements: the successful mainnet launch and the upcoming ecosystem incentivization program. Here's a comprehensive breakdown of the key developments and future plans.

Mainnet Launch Highlights

The Guru Network team has successfully launched our mainnet as a Layer 3 infrastructure for AI processors and chatbots. This infrastructure launch represents a significant milestone, featuring:

• A fully operational DEX
• Integrated stablecoin support
• Bridge functionality
• Base chain integration

Ecosystem Incentivization Program

Launch Timeline
The ecosystem incentivization program will commence on November 27, 2024, marking the official activation of mainnet functionality across all Guru Network applications.

Reward Structure
The program introduces a several steps reward system:

1. Initial Balance Rewards

• Base signup rewards
• NFT multiplier bonuses
• Governance participation rewards
• Testnet (PointsNet) points conversion

1. Ongoing Incentives

• Weekly quests across applications
• App-specific reward programs
• Community engagement bonuses

NFT Integration

The ecosystem leverages several NFT collections that serve as access keys and reward multipliers:

• Season Pass NFTs (Season 1 & 2)
• Guru Network DAO NFTs
• Spooky Collection

Application Ecosystem

Burning Meme

• Focused on memecoin creation and launch pipeline
• Community voting system
• Multi-chain deployment options

Miles App

• Trading community integration
• Alpha sharing functionality
• One-click token swapping
• Solana ecosystem support

Miles Deutscher App Walkthrough:

Technical Infrastructure

The mainnet operates as a Layer 3 solution with:

• AI processor integration
• Cross-chain orchestration
• Web3 transaction capability
• Telegram mini-app support

Community Participation

To participate in the ecosystem:

1. Hold qualifying Guru NFTs
2. Connect wallet after November 27
3. Engage in ecosystem activities
4. Complete weekly quests
5. Participate in governance

Economic Model

The incentivization program serves as a "battery starter" for the ecosystem economy, designed to:

• Reward early adopters
• Incentivize developer participation
• Create sustainable value exchange
• Foster community growth

This launch represents Guru Network's vision of creating a comprehensive infrastructure for AI-powered applications while maintaining a strong DeFi narrative through community-driven development and governance.

More into video than text?

Watch it:

Incredibly detailed timestamps to help you out:

0:40 - Announcement of mainnet and incentivization program discussion

1:06 - Plans for mainnet launch on November 27

1:45 - Discussion of mainnet launch this week

3:44 - Focus on incentivizing early adopters

5:05 - Explanation of airdrop distribution across ecosystem apps

8:52 - Transition from chat messages to on-chain value exchange

11:03 - Explanation of Burning Meme orchestration

12:04 - Discussion of multi-chain web3 orchestration

13:46 - Details about November 27 mainnet switch

14:25 - Explanation of eligibility and rewards system

16:42 - Discussion of mainnet launch infrastructure

18:24 - Presentation of reward calculation scheme

20:34 - Details about sign-up rewards and multipliers

22:31 - Explanation of initial balance calculation

25:54 - Demonstration of chain switch functionality

27:23 - Discussion of NFT boosters and rewards

29:01 - Explanation of points system

30:30 - Overview of burning meme functionality

31:38 - Discussion of miles app trading community

33:18 - Demonstration of alpha and trading features

37:38 - Summary of reward distribution system

38:30 - Discussion of ecosystem treasury and rewards

39:15 - Explanation of community incentive mechanisms

40:02 - Overview of ecosystem chest functionality

40:48 - Details about reward distribution process

41:23 - Discussion of governance participation

42:10 - Explanation of NFT utility in ecosystem

42:55 - Overview of cross-app integration

43:38 - Discussion of testnet to mainnet transition

44:12 - Details about point conversion system

44:59 - Explanation of weekly quest system

45:33 - Overview of community engagement metrics

46:18 - Discussion of ecosystem growth strategies

47:05 - Details about NFT holder benefits

47:52 - Explanation of governance voting power

48:30 - Overview of ecosystem apps integration

49:58 - Details about mainnet launch timeline

50:42 - Explanation of token utility features

51:20 - Overview of community participation requirements

52:05 - Discussion of ecosystem development plans

52:48 - Final remarks and closing statements