MonoX Incentivized Testnet
By: Team Monox
Tags: Incentivized Testnet, Decentralized Finance, Decentralized Exchange, Blockchain, Cryptocurrency

We are thrilled to announce the launch of the MonoX Testnet program!

A $20,000 reward pool of $MONO will be distributed amongst participants for engaging in various activities.

Eligibility: Anybody is open to participate.

*EDIT* Duration: The testing period will begin today, at this very moment and will continue for *UNTIL JULY 4TH*. So users can test on Mumbai (Polygon’s) Testnet.

We have activities for users to test key functionalities as well as bug bounties for any feedback or bugs found when testing.

Activities

Adding Liquidity ($ETH) Removing Liquidity ($ETH) Swap $ETH for $MONO Add Liquidity for a new token

PARTICPANTS ARE NOT LIMITED TO THE ABOVE ACTIVITIES. PARTICPANTS ARE FREE TO EXPLORE THE TESTNET AND ENGAGE IN OTHER ACTIVITIES AND WE ENCOURAGE YOU TO DO SO. THE ABOVE ACTIVITIES ARE BASIC KEY FUNCTIONALTIES TO HELP YOU GET STARTED.

Signing Up

To take part and be considered for the reward pool please sign up for the Testnet here

Prizes

At the end of the 3 week period, winners will be announced and awarded.

Participants stand a chance to win their share of $20,000 worth of $MONO tokens

The top 20 participants will have priority in our IDO whitelisting process

Scoring

Tokens will be weighted by the kind of bugs found by the community, rated from low, medium to high importance.

Non critical Bugs (UX and UI) — LOW

Smart Contract Related — MEDIUM

Critical (loss of funds) — HIGH

To give your feedback please fill out the form here.

The Fun Part

We have assembled a couple of walkthroughs to help participants navigate through the platform.

📌Switching to the Kovan Test Network

To start exploring the MonoX Testnet on Kovan, do the following:

Switch “Ethereum Mainnet” to “Kovan Test Network” in your Metamask

📌How to obtain Kovan Testnet ETH (KETH)

There are many ways to get KETH and if you are familiar/more comfortable ways, feel free to go that route.

Visit the Kovan faucet: https://faucet.kovan.network/

*NOTE: You need to have a GitHub account

2. Enter your Metamask wallet address and click send me KETH

3. Receive your KETH

*Make sure you are on the Kovan Testnet Network in your Metamask Wallet

How to Begin:

Visit the MonoX Testnet Platform: https://kovan.monox.finance

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

Connect Your Metamask Wallet

Once connected the Kovan logo and your wallet address should be visible on the tab:

You’re ready to go!

📌Activity 1: Adding Liquidity

Loom Video

Navigate to the “Pool” tab

Select “Add Liquidity”

Select $ETH and input an amount. Please add $ETH liquidity as it will grow the $ETH pool and make testing easier for everyone. However you are welcome to add liquidity to any token.

Confirm supply

Sign transaction

📌Activity 2: Removing Liquidity

Loom Video

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

Choose “Remove”

Enter an amount to remove using the slider or buttons below

Choose “Remove”

Confirm

Sign Transaction

📌Activity 3: Swapping

Loom Video

Navigate to the “Swap” tab

Choose $ETH as the primary token and $MONO as the secondary token. Enter an amount of $ETH to swap into $MONO

Confirm Swap

Sign transaction

📌Activity 4: Adding Liquidity for a New Token

Loom Video

📌Feedback

To give your feedback please fill out the form here.

Thank you for showing your interest in MonoX and we hope you enjoy using our Testnet. If you have any question feel free to reach out to us on any platform. Scroll down for the relevant links.

About MonoX

MonoX introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.

It works by grouping deposited tokens into a virtual pair with our own vUSD stable coin, to offer a single token pool design.

MonoX will revolutionize the DeFi ecosystem by fixing the capital inefficiencies of current protocol models. With lower trading fees, capital efficiency, and zero-capital token launching — MonoX will expand the capabilities of DeFi.

📱Stay Connected

Follow our official social media accounts and visit our website to stay up to date.

Website | Documentation | Twitter | Telegram

🚨IMPORTANT

Be careful of fake Telegram groups, and Twitter accounts trying to impersonate MonoX. $MONO tokens ARE NOT in circulation.

Always verify that you are on our official Twitter page, Telegram group or website.