In Temporary
SoSoValue has launched the testnet for its new on-chain buying and selling platform SoDEX and opened whitelist registration for a rewards-based incentive program providing 1 million SOSO tokens to individuals.
Cryptocurrency knowledge and analysis supplier, SoSoValue introduced the activation of the testnet for its new SoDEX buying and selling chain, inviting customers to affix the whitelist for early entry.
SoDEX is designed to facilitate on-chain order guide buying and selling throughout each spot and derivatives markets and is developed on ValueChain, SoSoValue’s proprietary Layer 1 blockchain. The platform goals to ship a streamlined buying and selling expertise suited to skilled market makers and customers with conventional buying and selling expertise, whereas remaining accessible to people new to decentralized finance.
SoDEX integrates buying and selling and analysis right into a unified interface, aiming to get rid of the obstacles between liquidity and market insights. It options an intuitive order guide consumer interface designed to help first-time customers. The platform prioritizes asset safety via alignment with present regulatory frameworks and partnerships with institutional-grade custodians. As a completely on-chain resolution, SoDEX gives clear, decentralized, and cross-border buying and selling powered by blockchain expertise.
Positioned as a demand-driven resolution, SoDEX is promoted as greater than only a high-performance buying and selling platform; it’s offered as a foundational software supposed to broaden entry to next-generation monetary infrastructure. The underlying ValueChain is optimized for financial-grade functions and is engineered with capabilities similar to excessive throughput, compatibility with a number of blockchain networks, and modular scalability. It’s composed of an EVM-compatible system chain and high-performance software chains, which collectively assist a safe, environment friendly, and scalable infrastructure tailor-made to fulfill the wants of decentralized buying and selling platforms like SoDEX.
SoSoValue Launches SoDEX Testnet Incentive Program With 1M SOSO Tokens For Whitelisted Contributors
A complete of 1,000,000 SOSO tokens might be allotted to individuals within the testnet part. Participation within the testnet is proscribed to people who’ve been permitted via the whitelist course of. Rewards might be distributed primarily based on a factors system, which tracks consumer exercise all through the testing part.
Factors may be accrued via varied means, together with the completion of assigned take a look at duties and the submission of legitimate bug stories. Moreover, customers who exhibit larger buying and selling volumes and constructive revenue and loss (PnL) metrics might be eligible to extend their level totals.
Rewards are scheduled to be distributed upon the conclusion of the testing part. To be thought-about for whitelist approval, potential individuals are suggested to affix the designated official Telegram group for candidates. Throughout the group, people might want to full and submit the whitelist software kind, which is out there as a pinned message.
In the course of the testing part, individuals might be required to finish a number of onboarding and trading-related steps. These embody connecting a suitable cryptocurrency pockets and configuring it to assist the ValueChain community in accordance with the offered setup directions. Take a look at tokens can then be claimed via the designated faucet mechanism. As soon as the tokens are obtained, customers should switch them from their Funding Account to their Spot Account.
As a way to start accumulating factors, customers should have interaction in buying and selling exercise involving a minimal of ten completely different spot buying and selling pairs, with the whole transaction quantity exceeding the equal of 100,000 USDC. Figuring out and reporting bugs through the official submission kind can also be inspired, because it contributes to level accumulation. Rankings on the leaderboard might be decided primarily based on each buying and selling quantity and realized revenue and loss efficiency all through the take a look at interval.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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