MonoX Incentivized Testnet - DropsEarn
MonoX Incentivized Testnet

MonoX Incentivized Testnet

    MonoX is 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.

    Reward pool
    $20,000
    Expected profit
    Unknown
    Max participants
    DropsEarn score
    Medium

  • Activity Type: Competition Testnet Swap Liquidity
  • Date: 2 Jun 2021 06:00(UTC+3) - 23 Jun 2021 18:00(UTC+3)
  • Registration: Open
  • Event status: You can participate (Event started, Registration open)
  • Links: Official Announcement
Go to event page

 

Program Details

Eligibility: Anybody is open to participate.

Duration: The testing period will begin today, at this very moment and will continue for a period of 3 weeks ending on June 23.

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

Activities

  1. Adding Liquidity ($ETH)
  2. Removing Liquidity ($ETH)
  3. Swap $ETH for $MONO
  4. 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 TEAM 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 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

MonoX has 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.
 

1. 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 team hope you enjoy using 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 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 these official social media accounts and visit the website to stay up to date.

Website Documentation | Twitter | Telegram