Hands-on participation in the CoinList seed program MonoX’s beta network (with beta bonuses)
MonoX launched Monoswap, a decentralized exchange with low transaction fees and less capital required to become a liquidity provider.
Recently, CoinList released the list of participants for its Spring 2021 Seed Program, and the automated market-making trading protocol MonoX was among them. MonoX’s launch of the decentralized exchange Monoswap works by combining deposited tokens with our own vUSD stablecoin into a virtual pair to provide a single token pool design. The advantages are lower transaction fees, starting new tokens as a project – with zero capital, less capital required to become a liquidity provider, and less siloed funding in multiple pool pairs. Project owners can list their tokens without incurring fees and focus on using the funds to build projects rather than provide liquidity.
The following MonoX test network participation details and tutorials are available.
The $20,000 MONO reward will be distributed to participants who participate in various activities
Anyone can participate.
From this moment on, it will last until July 4th. So users can test it on the Mumbai (Polygon’s) Testnet.
MonoX offers users activities to test key features, as well as bug bounties for any feedback or bugs found while testing.
Add liquidity ($ ETH)
Remove liquidity ($ ETH)
Exchange $ETH for $MONO
Adding liquidity to a new token
Participants are not limited to the above activities.
Participants are free to explore the test network and participate in other activities, and MonoX encourages you to do so.
The above activities are essential key features to help you get started.
Please register for the test network via the following link
At the end of 3 weeks, winners will be announced and awarded.
Participants have a chance to win a share of $MONO tokens worth $20,000
The first 20 participants will have priority in our IDO whitelisting process
Tokens will be weighted according to the types of bugs found by the community, with three levels of importance: low, medium, and high.
Non-critical bugs (UX and UI) – Low
Smart contract related – medium
Critical (loss of funds) – High
To provide your feedback, please fill out the form by clicking the link below.
We have collected some tutorials to help participants navigate the platform.
???? Switching to the Kovan Test Network
To start exploring the MonoX test network on Kovan, do the following.
Switch from “Main Ethernet Network” to “Kovan Test Network” in your Metamask
???? How to get Kovan Testnet ETH (KETH)
There are many ways to get KETH, so if you have another method that you are more familiar with, this section should be automatically skipped.
Visit Kovan Taps: https://faucet.kovan.network/
*Note: You need to have a GitHub account
Enter your Metamask wallet address and click “Send me KETH”
receive your KETH
Make sure you are on the Kovan test network in the Metamask wallet
How to get started.
Visit the MonoX test network platform: https ://kovan.monox.finance
Click on the “Connect Wallet” button in the upper right corner
Connect your Metamask wallet
Once connected, the Kovan icon and your wallet address should be visible on the tab.
Get ready to start the following activities!
???? Activity 1: Increase Liquidity
Navigate to the “Pools” tab
Select “Increase Liquidity”
Select $ETH and enter the amount. Please add $ETH liquidity as it will increase the pool of $ETH and make testing easier for everyone. However, you are welcome to add liquidity to any token.
Signing the deal
???? Activity 2: Removing Liquidity
Navigate to the “Pools” tab and click “Manage” $ETH
Use the slider or button below to enter the amount to be removed
Signing the deal
???? Activity 3: Swap
Navigate to the “Swap” tab
Select $ETH as the primary token and $MONO as the secondary token. Enter an amount of $ETH to convert to $MONO
Signing the deal
???? Activity 4: Adding liquidity to new tokens
Please click on the link below to fill out the form to provide your feedback.
Above, thank you for your support of MonoX and we hope you enjoy using our test network.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/hands-on-participation-in-the-coinlist-seed-program-monoxs-beta-network-with-beta-bonuses/
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