Shelley's incentivized trial testnet snapshot scheduled for Nov. 12

The balance check snapshot for the Shelley incentivized trial testnet has been scheduled for Nov. 12, at 12:00 UTC. According to Cardano's newly launched staking website, participating in the trial balance check is optional and will not impact users' ability to participate in the incentivized testnet once it launches at the end of November.

The time and date for the first, trial snapshot of the Cardano network have finally been set.

According to the newly launched staking page on the Cardano website, the trial balance check snapshot will happen on Nov. 12, 12:00 UTC. The scheduled date is in line with the information shared by Charles Hoskinson, the CEO of IOHK, the company behind Cardano.

In an AMA last week, Hoskinson said that the trial snapshot for the Shelley incentivized testnet was most likely to happen around Nov. 12.

Participation in the first check is optional for all users holding ADA, the company said, explaining that it will not impact the users' ability to participate in the incentivized testnet.

Cardano has been notoriously reluctant to set any firm deadlines for major releases and important updates, so the exact dates for the snapshot and the start of the incentivized testnet are yet to be released.

The process of participating in the snapshot and the incentivized testnet has remained the same.

In an AMA last week, Hoskinson said that users who want the ADA they hold to be available on the incentivized testnet will have to transfer them to one of the supported ADA wallets-Daedalus or Yoroi.

According to Cardano, this must be done before the balance check snapshot on Nov. 12.

"Any ADA held in exchanges, third-party wallets, or hardware wallets must be moved to either a Daedalus or Yoroi wallet prior to the snapshot if users wish to participate in the Incentivized Testnet."