Canopy Network Launches Rewards Program for Token Allocation

The Canopy Network has launched its rewards program, allowing users to earn loyalty points toward a future token allocation. The project's layerless appchain framework enables developers to launch and scale sovereign Layer 1 blockchains without relying on traditional chains or cross-chain bridges.

The rewards program is currently active, with users able to participate in the general hub and start earning points for free through quests, social tasks, daily check-ins, and referrals. Those who participated in the testnet can submit their points to the separate submission portal and receive retroactive credit.

Canopy's mainnet is expected to launch later this year, with the token generation event (TGE) date remaining unannounced. The project has raised $8.5 million in seed funding to support its mainnet launch, engineering hires, and developer tooling.