The Incentivized Testnet will begin with a snapshot, sometime later this month, of all the ada balances held across the mainnet. This snapshot will capture the value of your ada balance at the time. This balance value – not the ada itself – will then be copied over into the Incentivized Testnet.
To participate in the Incentivized Testnet you’ll need to ensure that you are holding your ada in a Daedalus or Yoroi wallet prior to the snapshot. Don’t worry. The snapshot works as a freeze-frame; ada held at the time can be freely exchanged and transferred immediately after.
You will be informed of the snapshot details as soon as they are known, so you’ll be able to move your funds in advance. We don’t want you to miss out!