Decentralized computing network Bless Network has officially launched wallet registration for the $TIME token airdrop. Through its official X (Twitter) account, the company announced that testnet participants must register their wallet addresses by August 19 to qualify for the upcoming $TIME token airdrop.

Wallet Registration Process and Importance

Bless Network has initiated the wallet registration process for airdrop eligibility with the announcement "The $TIME Registration is Now Open." For users who have been operating nodes and accumulating 'Time' points on the testnet, this wallet registration is a mandatory procedure.

With a clear deadline set for August 19, testnet participants must complete registration within this timeframe. Missing the wallet registration could result in participants not receiving token rewards for the points they have accumulated.

Registration URL: https://bless.network/dashboard/airdrops

Dual Token System: $TIME and $BLESS

Bless Network has adopted a unique dual token system. $TIME is a reward token that users earn through online activities, task completion, and referrals on the testnet and early mainnet. Limited to a maximum of 100 million tokens per epoch, it is currently being accumulated by users operating browser nodes.

$BLESS is the main governance token with a total supply of 10 billion, responsible for network governance, ownership, and long-term value storage. At the end of each epoch, users can instantly exchange $TIME for $BLESS or exchange for larger amounts through lockup periods.

Project Overview and Technical Features

Bless Network is the world's first shared computer network built using everyday devices. It's a DePIN (Decentralized Physical Infrastructure Network) platform where users provide idle computing power that is utilized for AI projects and high-performance computing tasks.

The platform ensures security through WebAssembly (WASM) technology and implements optimal resource allocation with its proprietary node ranking system. Its key competitive advantage is accessibility - requiring only a browser extension without any special hardware.

Investment Status and Founding Team

In 2024, Bless Network raised $8 million from investors including M31 Capital, NGC Ventures, Interop, and Frachtis. This is significantly higher than the $4.5 million raised by similar project Grass Network.

The founding team consists of blockchain industry veterans: Derek Anderson (former Akash Network CTO), Butian Li (former Wabi and NGC Ventures COO), Michael Chen (former Binance Labs researcher), and Liam Zhang (former NYU researcher).

Testnet Performance and Reward Structure

The incentivized testnet launched on Solana on November 12, 2024, registered 200,000 nodes in just its first week. Participants are currently earning 'time' points based on their node operating hours.

Users can earn an additional 10% of points earned by friends through the referral program, and completing social missions and quizzes in the Achievement tab can provide up to 25% boost. These accumulated points serve as the basis for $TIME token distribution.

Market Analysis and Competitive Advantages

The DePIN sector is one of the most watched areas in 2025 with increasing AI computing demand. Grass saw its token price rise to nearly $4 after launch, generating thousands of dollars in profits for early participants.

Bless Network possesses strengths including more investment capital, a dual token system, and a proven team composition. It particularly differentiates itself by presenting a circular economy model that allows individual users to participate in the cloud computing market previously monopolized by Amazon, Google, and Microsoft.