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

Eligibility
Anyone can participate.

Participation Period
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.

Activities
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.
Sign up
Please register for the test network via the following link

Rewards
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

Scoring
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.

Operation
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

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

???? 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

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Enter your Metamask wallet address and click “Send me KETH”

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

receive your KETH

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Make sure you are on the Kovan test network in the Metamask wallet

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

How to get started.

Visit the MonoX test network platform: https ://kovan.monox.finance

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Click on the “Connect Wallet” button in the upper right corner

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Connect your Metamask wallet

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Once connected, the Kovan icon and your wallet address should be visible on the tab.

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Get ready to start the following activities!

???? Activity 1: Increase Liquidity

Navigate to the “Pools” tab

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Select “Increase Liquidity”

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

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.

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Confirm Add

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Signing the deal

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

???? Activity 2: Removing Liquidity

Navigate to the “Pools” tab and click “Manage” $ETH

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Select “Delete”

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Use the slider or button below to enter the amount to be removed

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Select “Remove”

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Confirmation

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Signing the deal

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

???? Activity 3: Swap

Navigate to the “Swap” tab

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Select $ETH as the primary token and $MONO as the secondary token. Enter an amount of $ETH to convert to $MONO

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Confirm Exchange

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

Signing the deal

Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)
Hands-on participation in the CoinList seed program MonoX's beta network (with beta bonuses)

???? Activity 4: Adding liquidity to new tokens

???? Feedback

Please click on the link below to fill out the form to provide your feedback.
https://docs.google.com/forms/d/e/1FAIpQLSeTRz5zpWd4Nx_irdm34shY1WykDBj20A7dYIxE5Smyww7YwA/viewform
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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